Blue Water Logistics sets IPO price band at ₹132-135 per share, issue opens May 27

Blue Water Logistics, a multimodal transport operator, has announced its initial public offering (IPO) with a price band of ₹132-135 per share. The IPO will open for subscription on Tuesday, May 27, and close on Thursday, May 29. The company aims to raise ₹40.5 crore through a fresh issue of 30 lakh equity shares.

 

Market entry details

- The IPO is entirely a fresh issue, with no offer for sale component

- Investors can bid for a minimum of 1,000 equity shares and in multiples thereof

- The shares will be listed on the NSE Emerge platform after the issue closes

 

Fund utilization and business expansion

- ₹10.51 crore from the IPO proceeds will be allocated for capital expenditure, including the purchase of commercial vehicles

- ₹20 crore will be used to meet working capital requirements

- The remaining funds will be directed toward general corporate purposes

 

Company profile and financial performance

- Established in 2010, Blue Water Logistics specializes in logistics and supply chain solutions, including freight forwarding, customs clearance, and transportation handling

- The company operates across multiple industries, including textiles, electronics, chemicals, and fitness equipment

- As of March 31, 2025, the company owns 25 commercial vehicles and plans to acquire 20 more

- In FY25, Blue Water Logistics reported revenue of ₹196.18 crore and a profit after tax of ₹10.67 crore

 

IPO management and investor participation

- Smart Horizon Capital Advisors is the sole book-running lead manager for the issue

- Maashitla Securities is the registrar to the IPO

- The anchor investor portion will open on Monday, May 26, ahead of the public subscription period

 

With strong financials and a clear expansion strategy, Blue Water Logistics' IPO is expected to attract significant investor interest.

 

Sources: Deccan Herald, Rediff Money, The Hindu BusinessLine.