Blue Water Logistics IPO opens for subscription: Check GMP, price band and other details
ADVERTISEMENT The IPO is priced in the range of Rs 132 to Rs 135 per share and will be listed on the NSE SME platform. Allotment is expected to be finalised by May 30, with listing likely on June 3. Retail investors can apply for a minimum of 1,000 shares, which requires an investment of Rs 1.35 lakh at the upper band.
The company has not generated any premium in the grey market so far, with the latest GMP reported at zero. This indicates flat listing expectations as of now, though subscription levels and investor sentiment in the coming days could influence momentum.
Incorporated in 2010, Blue Water Logistics provides end-to-end logistics and supply chain services including freight forwarding, customs clearance, and transport across air, sea, and land.It has five branches across India and operates a fleet of 25 commercial vehicles. The company serves a wide range of industries including chemicals, electronics, textiles, and crockery, and also has a global presence in Africa, Singapore, and the UAE.Financially, the company has shown strong growth. In FY25, it reported a 41% rise in revenue to Rs 196.29 crore and an 80% jump in profit to Rs 10.67 crore.
ADVERTISEMENT The funds raised will be used for purchasing new vehicles, meeting working capital needs, and general corporate purposes. Investors will be closely watching the subscription trend over the next two days to gauge demand for this SME issue.The IPO is being managed by Smart Horizon Capital Advisors, with Maashitla Securities as the registrar. Shreni Shares is acting as the market maker.
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