Blue Water Logistics IPO to Open May 27, Price Band Fixed at ₹132–₹135

Authored By Ankur Chandra | Last Modified: May 31, 2025 10:41 PM IST

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Mumbai, May 22, 2025: The initial public offering (IPO) of Blue Water Logistics Ltd, a Hyderabad-based multimodal logistics provider, will open for subscription on May 27 and close on May 29, 2025. The issue is a fresh offering of 30 lakh equity shares, including a market maker reservation of 1.56 lakh shares.

The IPO is priced in a band of ₹132 to ₹135 per share, with a face value of ₹10 per equity share. Investors can bid in lots of 1,000 shares and multiples thereafter.

IPO Details

Particulars	Details
Issue Opens	May 27, 2025
Issue Closes	May 29, 2025
Price Band	₹132 – ₹135
Face Value	₹10 per equity share
Issue Size	30,00,000 shares (Fresh Issue only)
Lot Size	1,000 shares
Minimum Retail Investment	₹1,35,000 (at upper price band)
Listing Exchange	NSE Emerge
Allotment Date (Tentative)	June 3, 2025
Listing Date (Tentative)	June 5, 2025
Lead Manager	Smart Horizon Capital Advisors
Registrar	Maashitla Securities Pvt. Ltd.
Sponsor Bank	ICICI Bank Ltd

Company at a Glance

Founded in 2010, Blue Water Logistics operates a pan-India logistics network offering freight forwarding, custom clearance, and supply chain solutions. The company recently acquired a CHA (Customs House Agent) license, allowing it to independently handle customs processing.

Branch Network

Location	Function
Hyderabad	Corporate Headquarters
Delhi	Regional Branch
Chennai	Regional Branch
Jaipur	Regional Branch
Thane	Regional Branch
Visakhapatnam	Regional Branch

Financial Performance (₹ in Lakhs)

Financial Metric	FY25	FY24	FY23
Revenue from Operations	19,628.59	13,874.33	18,279.17
Net Profit (PAT)	1,067.08	594.05	258.37
Total Assets	5,688.26	3,745.65	3,379.21
Net Worth	2,015.19	948.11	354.06
EPS (Post Bonus, ₹)	13.34	7.43	1.93
Borrowings	3,673.07	1,722.37	1,880.70

Promoter Shareholding

Name	Pre-IPO Holding	Post-IPO (Approx.)
Ms. Madhusmita Mohanty	47.81%	34.45% (est.)
Ms. Supriya Mishra	47.81%	34.45% (est.)
Others (Group & Public)	4.38%	31.10% (including IPO)

Key Guidelines for Investors

ASBA is mandatory: All investors must use the Application Supported by Blocked Amount (ASBA) facility.
UPI Deadline: Retail investors applying via UPI must confirm the payment by 5:00 PM on May 29, else their applications will be invalid.
No Bid Modifications Post-Close: Modifications to PAN, DP ID, or bank details can only be made during the IPO window.

Use of Funds

Purpose	Allocation (₹ in Lakhs)
Purchase of Commercial Vehicles	1,051.73
Working Capital Requirements	2,000.00
General Corporate Purposes (max 15%)	[●]

Final Words

With a proven growth trajectory and a strong foothold in India’s freight ecosystem, Blue Water Logistics is positioning itself for the next phase of expansion. Investors looking to participate are advised to place their bids early and ensure timely UPI mandate confirmations to avoid last-minute hurdles. The IPO is slated to list by early June 2025.

Source: https://www.nseindia.com/market-data/issue-information?symbol=BLUEWATER&series=SME&type=Forthcoming

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