Blue Water Logistic opens IPO, goals to lift ₹40.50 crore, ETCFO
Blue Water Logistics’s preliminary public providing (IPO) opened for subscription on Tuesday, aiming to lift ₹40.50 crore by way of a recent challenge of 30 lakh fairness shares. The bidding course of within the IPO will stay open till Might 29.
The IPO is priced within the vary of ₹132 to ₹135 per share and can be listed on the NSE SME platform. Allotment is anticipated to be finalised by Might 30, with itemizing seemingly on June 3. Retail buyers can apply for at least 1,000 shares, which requires an funding of ₹1.35 lakh on the higher band.
The corporate has not generated any premium within the gray market thus far, with the most recent GMP reported at zero. This means flat itemizing expectations as of now, although subscription ranges and investor sentiment within the coming days may affect momentum.
Integrated in 2010, Blue Water Logistics offers end-to-end logistics and provide chain companies together with freight forwarding, customs clearance, and transport throughout air, sea, and land.
It has 5 branches throughout India and operates a fleet of 25 industrial autos. The corporate serves a variety of industries together with chemical compounds, electronics, textiles, and crockery, and in addition has a world presence in Africa, Singapore, and the UAE.
Financially, the corporate has proven sturdy development. In FY25, it reported a 41 per cent rise in income to ₹196.29 crore and an 80 per cent leap in revenue to ₹10.67 crore.
The funds raised can be used for buying new autos, assembly working capital wants, and common company functions. Traders can be intently watching the subscription pattern over the following two days to gauge demand for this SME challenge.
The IPO is being managed by Good Horizon Capital Advisors, with Maashitla Securities because the registrar. Shreni Shares is appearing because the market maker.
