Blue Water Logistics Limited, a player in the logistics and supply chain solutions sector, is set to launch its IPO worth ₹40.50 crores. The issue comprises a 100% fresh offering of 30 lakh equity shares. The subscription window will open on May 27, 2025, and close on May 29, 2025, with the company targeting a listing on the BSE SME platform on June 3, 2025.
The IPO offers equity shares of face value ₹10 each, priced within a band of ₹132 to ₹135, with a lot size of 1,000 shares. Retail investors can apply with a minimum investment of ₹1,32,000 (1 lot), while HNIs can start with at least ₹2,70,000 (2 lots). The allotment is expected on May 30, 2025, just ahead of the listing. As Blue Water Logistics steps into the public market, the IPO offers investors a chance to participate in India’s expanding logistics and infrastructure ecosystem.
Blue Water Logistics Limited IPO is a fundraise worth ₹40.50 crores comprising purely of a fresh issue with 30 lakh shares reserved for the market maker Shreni Shares Limited. Qualified Institutional Buyers are being offered not more than 50% of the net issue, retail investors are being offered not less than 35% of the net issue and Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs) are being offered not less than 15% of the net issue. The IPO will be available for subscription from May 27, 2025, to May 29, 2025, providing an opportunity for investors looking to gain a stake in the logistics space.
| Blue Water Logistics IPO date | May 27, 2025 - May 29, 2025 |
| Price band | ₹132 to ₹135 per share |
| Face value | ₹10 per share |
| Lot size | 1,000 shares |
| Issue type | Book Built Issue IPO |
| Fresh issue size | 30,00,000 shares amounting to ₹40.50 crores |
| Total issue size | 30,00,000 shares amounting to ₹40.50 crores |
| Listing at | NSE SME |
| Market maker portion | 1,56,000 shares - Shreni Shares Limited |
| Shareholding post-issue | 1,10,00,000 shares |
| Shareholding pre-issue | 80,00,000 shares |
The Blue Water Logistics Limited IPO opens for subscription on May 27, 2025, and closes on May 29, 2025, with allotment scheduled for May 30, 2025.
| IPO open date | May 27, 2025 (Tuesday) |
| IPO close date | May 29, 2025 (Thursday) |
| Basis of allotment | May 30, 2025 (Friday) |
| Initiation of refunds | June 2, 2025 (Monday) |
| Credit of shares to Demat account | June 2, 2025 (Monday) |
| Listing date on NSE SME | June 3, 2025 (Tuesday) |
| Cut-off time for UPI mandate confirmation | 5 PM on May 29, 2025 (Thursday) |
Blue Water Logistics Limited, incorporated in April 2010, is engaged in providing end-to-end logistics and supply chain solutions. Its core services include freight forwarding, custom clearance, and transportation handling. The company specializes in comprehensive project logistics, supply chain management (SCM), and warehousing across air, sea, and land modes. With a focus on customized logistics planning, Blue Water offers tailored solutions such as cargo pick-up, customs clearance, and final delivery, delivering a full-service logistics experience.
With five operational branches located in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, Blue Water Logistics serves a diverse client base spanning industries like confectionery, chemicals, textiles, crockery, electronics, natural stones, and fitness equipment. As of March 31, 2025, the company operates a fleet of 25 commercial vehicles and employs 83 personnel across various functions. It provides services across multiple Indian states including Maharashtra, Tamil Nadu, Delhi, and Rajasthan, and has also expanded internationally to regions like Africa, Singapore, and the UAE.
The Blue Water Logistics Limited IPO has caught the eyes of investors as the company reportedly saw an annual rise of 41% in its revenue and 80% yearly increase in the Profit After Tax (PAT), during the financial year ended March 31, 2024.
As of March 31, 2025, the key performance indicators reflect the company's financial health with a Return on Equity of 72.02%, Return on Capital Employed (ROCE) at 0.30% and a Debt-to-Equity ratio of 1.82. The Return on Net-Worth (RoNW) stands at 52.95%, and the PAT Margin was 5.44. The Price to Book Value was 11.39. The company’s market capitalisation is ₹148.50 crores.
| Period Ended | March 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 196.29 | 138.74 | 98.07 | 84.72 |
| Assets | 76.34 | 42.12 | 29.28 | 38.80 |
| Net Worth | 20.15 | 9.48 | 3.54 | 0.00 |
| Profit After Tax | 10.67 | 5.94 | 1.54 | 1.04 |
| Reserves & Surplus | 12.15 | 7.48 | 1.54 | 0.00 |
| Total Borrowing | 36.73 | 17.22 | 18.81 | 0.00 |
Amount in ₹ crores
The pre-IPO EPS is at ₹13.34 while the post-IPO EPS will be ₹9.70. Similarly, the pre-IPO Price to Earnings ratio is 10.12 and will become 13.92 post-IPO.
The company has cultivated long-standing client relationships, earning trust through consistent service and reliability. This strong customer loyalty is further reinforced by a leadership team composed of seasoned promoters and directors who bring deep industry knowledge and strategic vision to the business. Their experience ensures sound decision-making and stability.
Additionally, the company's operations span a broad spectrum of industries, reducing dependency on any single sector. Its ability to offer end-to-end logistics solutions across a wide geographical area gives it a competitive edge in meeting diverse customer needs efficiently and comprehensively.
A significant portion of the company’s revenue is dependent on ocean freight services, making it vulnerable to disruptions in this segment. Furthermore, delays in customs clearance remain a persistent challenge, often slowing down operations and impacting client satisfaction.
The business model also relies heavily on third-party vendors, which can lead to quality control issues and operational inconsistencies. Moreover, a substantial share of revenue comes from a few key clients, increasing financial risk if any of these relationships weaken or end.
Investing early in the IPO of Blue Water Logistics Limited presents an opportunity to participate in the company’s growth within the dynamic logistics and supply chain sector. However, it's essential for investors to assess key factors such as the company’s business track record, financial stability, industry outlook, and expansion strategy, keeping in mind their own investment objectives and risk appetite.
To make a sound investment decision, a thorough review of the offer document is recommended. Consulting a financial advisor can also help in crafting a well-informed and strategic approach to this IPO.
What is the Blue Water Logistics Limited IPO?
The Blue Water Logistics Limited IPO is an BSE SME offering consisting of 30 lakh equity shares with a face value of ₹10, aiming to raise ₹40.50 crore. The price band has been set between ₹132 to ₹135 per share, with a minimum order quantity of 1,000 shares. This IPO will be open for subscription from May 27, 2025, to May 29, 2025. Smart Horizon Capital Advisors Private Limited is the book-running lead manager, Maashitla Securities Private Limited is the registrar while Shreni Shares Limited is the market maker.
When will the Blue Water Logistics IPO open?
The Blue Water Logistics Limited IPO will open for subscription on May 27, 2025, and will close on May 29, 2025.
When is the Blue Water Logistics IPO listing date?
The tentative listing date for the Blue Water Logistics Limited IPO is Tuesday, Jun 3, 2025.
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