May 23, 2025
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What is the last grey market premium of Blue Water Logistics IPO?
Listing Review: Will update on listing.
Subscription status of Blue Water Logistics IPO
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Blue Water Logistics IPO Price Rs. 135 Lot 1000 shares, Rs. 40.50 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Note: |
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Blue Water Logistics IPO Allotment Link:
What is the business of Unified Data Tech?
Founded in April 2010, Blue Water Logistics Ltd. is a dynamic player in the logistics and supply chain industry, delivering end-to-end solutions designed to keep goods—and businesses—moving smoothly. Specializing in freight forwarding, customs clearance, and transportation handling, we go beyond basic logistics to provide intelligent, customized services tailored to each client’s unique requirements.
From project logistics to supply chain management (SCM) and warehousing, our operations span air, sea, and land. Whether it’s managing cargo pickup, navigating customs protocols, or ensuring timely delivery, we offer a seamless, door-to-door experience that takes the stress out of shipping.
Headquartered in India, our footprint includes strategic branch locations in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, allowing us to efficiently serve clients across a wide geographic area. Our logistics network supports industries as diverse as confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment.
As of March 31, 2025, our fleet comprises 25 commercial vehicles, equipped to meet a variety of transportation needs. Backed by a skilled team of 83 employees, we proudly serve customers across Telangana, Gujarat, Maharashtra, Rajasthan, Andhra Pradesh, Tamil Nadu, Delhi, Punjab, Karnataka, Uttar Pradesh, Madhya Pradesh, Odisha, and internationally in Africa, Singapore, and the UAE.
At Blue Water Logistics, we don’t just deliver cargo—we deliver confidence, reliability, and results.
Get more information about the company @ https://bwl.co.in/
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Blue Water Logistics IPO Details |
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| IPO opens on | 27 May 2025 |
| IPO closes on | 29 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3000,000 Shares / Rs 40.50 Crore |
| * Fresh Issue | 3000,000 Shares / Rs 40.50 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 156000 Shares |
| Net offer to Public | 2844000 Shares/ Rs 38.39 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 132-135 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1422000 | 19.20 |
| HNI (15%) | 426600 | 5.76 |
| RII (35%) | 995400 | 13.43 |
| Total Shares | 2844000 | 38.39 |
| Retail portion will be oversubscribed by |
996 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.135000 |
| Min HNI Application | 2000 Shares | Rs. 270000 |
Who are the Promoters of Blue Water Logistics?
The promoters of the company are Mr. Laxmi Narayan Mishra, Mr. Lalit Panda, Ms. Madhusmita Mohanty and Ms. Supriya Mishra.
What are the Objects of Blue Water Logistics IPO?
a) Funding of capital expenditure requirements by purchase of Vehicles and its body building
b) unding of the working capital requires
c) General Corporate purposes
Tentative timetable |
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| IPO opens on | 27 May 2025 |
| IPO Closes on | 29 May 2025 |
| IPO Allotment on | 30 May 2025 |
| Refund Initiation | 2 June 2025 |
| Credit of Shares | 2 June 2025 |
| Listing on | 3 June 2025 |
| Registered Office of the Company Blue Water Logistics Limited H. No. 8-2-270/B/1/2, Block-3, 4th Floor Uptown Banjara, Road No. 3, Banjara Hills Hyderabad 500034 |
| The Lead Manager of this IPO Smart Horizons Capital Advisors Pvt. Ltd |
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Who is the Registrar to IPO? Maashitla Securitiesltd |
Blue Water Logistics IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Blue Water Logistics Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 76.34 | 42.12 | 29.28 | 38.8 |
| Revenue | 196.29 | 138.74 | 98.07 | 84.72 |
| Profit After Tax | 10.67 | 5.94 | 1.54 | 1.04 |
| Net Worth | 20.15 | 9.48 | 3.54 | 0 |
| Reserves and Surplus | 12.15 | 7.48 | 1.54 | 0 |
| Total Borrowing | 36.73 | 17.22 | 18.81 | 0 |
| Amount in Rs. Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 72.02% |
| ROCE | 0.3 |
| Debt/Equity | 1.82 |
| RoNW | 52.95% |
| PAT Margin | 5.44 |
| Price to Book Value | 11.39 |
| EPS | 13.34 |
| PE Ratio | 10.12 |
How Blue Water Logistics IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Blue Water Logistics | 10.12 | 52.95 |
| Shreeji Translogistics | 5.7 | 29.09 |
| Shree Vasu Logistics | 220.33 | 9.77 |
# 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.
Blue Water Logistics IPO Review by Paresh Gordhandas, CA & Research Analyst.
Founded in April 2010, Blue Water Logistics Ltd. is a dynamic player in the logistics and supply chain industry, delivering end-to-end solutions designed to keep goods—and businesses—moving smoothly. Specializing in freight forwarding, customs clearance, and transportation handling, we go beyond basic logistics to provide intelligent, customized services tailored to each client’s unique requirements.
From project logistics to supply chain management (SCM) and warehousing, our operations span air, sea, and land.
In the year, 20221-22, the company earned net profit of Rs. 1.04 crore on total income of Rs. 84.72 crore whereas in the year 202425, its profits has moved up to Rs. 10.67 crore on total income of Rs. 196.29 crore. Such sharp rise in the net profit raises eyebrows and detailed scrutiny of the financials are needed.
As on 31.03.2022, the company had trade receivables of Rs. 27.64 crore compared to its total income of Rs. 84.72 crore (in other words, it had receivable of about 118 days. As on 31.3.2025, the company had receivables of 2.76 months.
The business of logistics and supply chain has tough competition and for the IPO-investors, the business has nothing novel.
+ from fundamental angle: So-so
+ from grey market angle: So-so
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