Blue Water Logistics IPO to Open May 27, Price Band Fixed at ₹132–₹135
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
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
