August 11, 2025
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Listing Review:
The scrip is listed at Rs. 90.95, 21.27% premium to the issue price. The listing has been impressive, it was expected looking to the huge subscription tally.
Final Subscription Tally
| Size Rs. 9.01 Crore LM: | ||||
| QIB | NII x | RII x | Total x | Applications |
| 81.80 | 1017.63 | 637.20 | 560.69 | 101962 |
| Subscription Review: Good subscription trend on the last day |
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About BLT Logistics
Incorporated in 2011, BLT Logistics Limited is engaged in providing surface transportation of goods in containerized trucks along with warehousing services to diverse industries and businesses. Its logistics operations are supported by its own fleet, its subsidiary Sabarmati Express India Pvt Ltd (99.99% owned), and third-party operators, ensuring a strong and flexible transportation network.
As of March 31, 2024, the company directly owns 90 vehicles (3.5MT to 18MT) and an additional 15 vehicles (9MT) through its subsidiary Sabarmati.
Key Services Offered
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Transportation & Allied Services: Provides B2B solutions including Full Truck Load (FTL), Less than Truck Load (LTL), packing & moving, and project cargo transportation, backed by technology for efficient and secure delivery.
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Warehousing Services: Expanded in 2023 with three strategically located leased warehouses, catering to sectors such as electronics, retail, food, and multinational corporations, supported by detailed inventory tracking through MIS reporting.
The company employed 37 staff members as of March 31, 2024.
BLT Logistics IPO Details
|
Sector: Logistics |
|
| IPO opens on | 4 August 2025 |
| IPO closes on | 6 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 12,96,000 Shares / Rs 9.72 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 94,400 Shares |
| Net offer to Public | 1201,600 Shares Rs. 9.01 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 71-75 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker | 94,400 (7.28%) |
| QIB | 5,98,400 (46.17%) |
| NII (HNI) | 1,80,800 (13.95%) |
| Retail | 4,22,400 (32.59%) |
| Total | 12,96,000 (100.00%) |
How shares can be applied?
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,40,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,60,000 |
| S-HNI (Max) | 8 | 12,800 | ₹9,60,000 |
| B-HNI (Min) | 9 | 14,400 | ₹10,80,000 |
Who are the Promoters of BLT Logistics IPO?
The promoters hold 99.95% of the pre-IPO capital
What are the Objects of BLT Logistics IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Funding capital expenditure requirement of our company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”) Rs. 3.88 Cr.
+To Meet Working Capital Requirements Rs. 2.80 Cr.
+General Corporate purposes
BLT Logistics IPO Timetable
Tentative timetable |
|
| IPO opens on | 4 August 2025 |
| IPO Closes on | 6 August 2025 |
| IPO Allotment on | 7 August 2025 |
| Refund Initiation | 7 August 2025 |
| Credit of Shares | 8 August 2025 |
| Listing on | 11 August 2025 |
| Registered Office of the Company BLT Logistics Ltd. Plot No 304, A/2 Kh 14/20/1 F/F, Patel Garden, Kakrola, South West Delhi, West Delhi, New Delhi, 110078 |
| Lead Managers of this IPO Beeline Capital Advisors Pvt ltd |
| Who is the Registrar to the IPO? Skyline Financial Services Pvt ltd |
BLT Logistics IPO Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 |
| Assets | 26.27 | 21.32 |
| Revenue | 49.43 | 40.73 |
| Profit After Tax | 5.27 | 4.21 |
| EBITDA | 9.56 | 8.48 |
| Net Worth | 8.78 | 4.94 |
| Reserves and Surplus | 5.3 | 1.46 |
| Total Borrowing | 13.65 | 12.02 |
| Amount in Rs. Crore | ||
Performance Indicators
| KPI | Values |
| ROE | -30.88% |
| ROCE | 22.34% |
| Debt/Equity | 1.55 |
| RoNW | 43.73 |
| EBITDA Margin | 19.44% |
| Price to Book Value | 2.99 |
| EPS | 15.06 |
| PE R | 4.98 |
How BLT Logistics IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| BLT Logistics | 6.47 | 43.73 |
| Premier Roadlines | 11.42 | 17.66 |
| Coastal Roadways | 8.29 | 6.27 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Chanakya’s IPO Review – BLT Logistics by Paresh Gordhandas, CA & Research Analyst
Will update soon
Quicklinks
BLT Logistics IPO GMP
BLT Logistics IPO review
Parth Electricals is a Vadodara-based company engaged in manufacturing electrical equipment like MV switchgear panels, VCB panels, CRPs, CSS, and Earth Link Boxes. It also provides turnkey solutions for substations and high-voltage cable projects.
The IPO opens on 4 August 2025 and closes on 6 August 2025.
The IPO comprises a fresh issue of 29.25 lakh shares.
The shares are proposed to be listed on the NSE SME platform.
Horizon Management Pvt Ltd is the Book Running Lead Manager and Kfin Technologies Ltd is the registrar.
