Blue Water Logistics Ltd, a leading multimodal transport services provider, has announced its initial public offering (IPO) with a price band of ₹132–135 per share. The IPO will open for subscription on May 27, 2025, and close on May 29, 2025. The shares are set to be listed on the NSE Emerge platform.
IPO Details and Fund Utilization
The IPO consists of a fresh issue of up to 30 lakh equity shares, aiming to raise ₹40.5 crore. The net proceeds will be utilized for:
- ₹10.51 crore towards capital expenditure, including the purchase of commercial vehicles.
- ₹20 crore for working capital requirements.
- Remaining funds for general corporate purposes.
Company Overview and Market Position
Established in 2010, Blue Water Logistics specializes in freight forwarding, customs clearance, and transportation handling. The company serves diverse industries, including confectionery, chemicals, textiles, electronics, and fitness equipment. As of March 31, 2025, the company owns 25 commercial vehicles and plans to acquire 20 more to expand its fleet.
Financial Performance and Growth Outlook
For FY25, Blue Water Logistics reported ₹196.18 crore in revenue and a profit after tax of ₹10.67 crore. The company aims to leverage its expanding logistics network to drive future growth.
Investor Information
Investors can bid for a minimum of 1,000 equity shares, with allocations for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities is the registrar to the issue.
