BLT Logistics IPO listing: Shares debut at 21% premium over IPO price on BSE SME. Details here
BLT Logistics stock extended gains soon after listing and hit the 5% upper price band of ₹ 95.49.
The listing, though strong, was lower than expected. BLT Logistics IPO GMP (grey market premium) ahead of the debut stood at ₹ 25, signalling a listing pop of 33%.
The company's IPO, which was open for subscription from August 4 to August 6, witnessed a solid 560.69 times bids during this period.
The NII portion was subscribed the most at 1,017.63 times, followed by the retail quota that was booked 637.20 times, while the QIB portion received bids for 81.80 times.
BLT Logistics IPO was entirely a fresh share sale of 12.96 lakh shares, priced in the range of ₹ 71 to ₹ 75 apiece. The company was looking to raise ₹ 9.72 crore at the upper end of the price band.
The lot size for BLT Logistics IPO was 1600 shares and in multiples thereof. The individual investor needed to bid for at least two lots, requiring an investment of ₹ 2,27,200.
The company plans to use the funds raised for funding the capital expenditure requirement of the company towards the purchase of trucks and ancillary equipment, meeting working capital needs and general corporate purposes.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the BLT Logistics IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
BLT Logistics, established in 2011, is a player in the Indian logistics industry. The company is engaged in providing surface transportation of goods in containerised trucks and warehousing services to various industries and businesses.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
14 minutes ago
- New Indian Express
588 defunct excise licences to be auctioned
BENGALURU: The state government is shortly going to auction around 588 defunct excise licences to scale up revenue collection and mobilise resources, informed sources told TNIE. Of the 588 odd licences that will go under the hammer 'soon', 288 are 11-C (government-owned Mysore Sales International Limited retail outlet) licences followed by 204 CL-2 (retail liquor shops) and 96 CL-9 (bars & restaurants), said sources on condition of anonymity. 'These licences have not been renewed for whatever reason, and have been lying defunct. The reason behind the auction is to bring them back into the market and generate revenue for the government. The auction is likely to fetch between Rs 500 crore and Rs 600 crore,' said sources. The Excise department is presently working out the modalities; from prospective allocation of these licences to the 40 excise districts in Karnataka to suggesting reserve or base price (minimum price of the bids) etc. The draft will soon be shared with the government to finetune it; address legal hurdles and set the base price of the bids. 'The base price may be pegged at 10 to 15 times higher than the Excise licence fee. No decision has been taken so far on this. The government will take the final decision. Majority of licences, especially CL-9, are likely to be allocated to Bengaluru,' added the sources. 'Out of the 288 MSIL licences under consideration for auction, 64 have not been renewed, rest were not utilised and are being considered to be brought back to the main pool,' said sources. Meanwhile, the liquor industry has responded to the proposed auction with caution. 'Our concern is that multinational companies may end up having an upper hand in these auctions with higher bids. They have the money power to incentivise sales of their brands, which no Indian company or brand will be able to match.
Economic Times
14 minutes ago
- Economic Times
Vishal Mega Mart shares surge 8% after Q1 profit jumps 37% YoY
Vishal Mega Mart's revenue from operations grew 21% YoY to Rs 3,140.30 crore, compared to Rs 2,596.30 crore in Q1FY25. Gross profit stood at Rs 891.30 crore, up 21.6% from Rs 733.10 crore a year ago, translating to a gross profit margin of 28.4%. Synopsis Vishal Mega Mart's shares experienced a surge following the announcement of robust first-quarter FY26 results. The company's Profit After Tax (PAT) witnessed a substantial 37.2% increase, reaching Rs 206.10 crore, while revenue from operations grew by 21% to Rs 3,140.30 crore. This impressive performance reflects the strength of their strategy in providing affordable products to consumers across India. Vishal Mega Mart shares surged 7.7% to an intraday high of Rs 155.45 on the BSE on Thursday after the company reported strong year-on-year (YoY) growth in profitability for the first quarter of FY26. Profit After Tax (PAT) for the April-June period rose 37.2% to Rs 206.10 crore from Rs 150.10 crore in the same quarter last year, with the PAT margin improving to 6.6% from 5.8%. ADVERTISEMENT Revenue from operations grew 21% YoY to Rs 3,140.30 crore, compared to Rs 2,596.30 crore in Q1FY25. Gross profit stood at Rs 891.30 crore, up 21.6% from Rs 733.10 crore a year ago, translating to a gross profit margin of 28.4%. The company's reported EBITDA increased 25.6% to Rs 459.20 crore from Rs 365.60 crore, with the EBITDA margin improving to 14.6% from 14.1% in the corresponding quarter. In terms of segment contribution, apparel accounted for 47.4% of total revenue in Q1FY26, followed by general merchandise at 27.3% and FMCG at 25.1%. As of June 30, 2025, Vishal Mega Mart had a consumer base of approximately 151 million. Own brands contributed 75.8% of the company's revenue during the quarter.'In Q1FY26, we continued to deliver a strong performance in both revenue and profitability and demonstrated the strength of our purpose-led strategy of making aspirations affordable for consumers across geographies in India,' said Gunender Kapur, Managing Director and Chief Executive Officer of Vishal Mega Mart.'The Indian economy remained steady in Q1FY26. Moderation in retail inflation, coupled with favourable tax policie,s is expected to offer relief to household budgets and improve consumer confidence. With our business on a solid footing, we will continue to deliver affordable and aspirational products backed by cost efficiency and focus on execution to create lasting stakeholder value,' he added. ADVERTISEMENT Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors Unlock 500+ Stock Recos on App (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) NEXT STORY
Mint
14 minutes ago
- Mint
Nifty, Sensex open flat on last trading session of week, investors eye Putin-Trump Alaska meeting
Mumbai [India], : Indian stock markets opened flat on Thursday, marking a cautious start to the last trading session of the week as markets are closed on Friday for Independence Day holiday. Investors are keeping a close watch on the meeting in Alaska over the weekend between US President Donald Trump with his Russian counterpart, which could influence market sentiment next week. The Nifty 50 index opened at 24,607.25, down by 12.10 points or 0.05 per cent, while the BSE Sensex started at 80,625.52, gaining 85.61 points or 0.11 per cent. Experts said that a truce at the Alaska meeting could trigger a rally next week, but for now, the markets are likely to remain flat. Banking and market expert Ajay Bagga told ANI that the Independence Day holiday on Friday will also impact trading patterns. "Expect positions to be trimmed going into the long weekend. India has much to gain from a truce at Alaska, as the raison d'etre for secondary tariffs on India will weaken. Relief rally possible next week if there is a positive outcome at Alaska. However, geoeconomics is more noise than signal, so we expect the rally to be short-lived," Bagga said. He added that the real drivers of the market will be India's economic growth and corporate earnings. "Those are softer than encouraging for now. The RBI missed a runway to stimulate by more rate cuts at its August meeting despite inflation falling sharply. There are no stagflationary threats to India, we will grow around 10 per cent in nominal GDP terms, but the corporate earnings slowdown and the challenges that the SMIDs are facing could postpone a market recovery," he noted. In the broader market on the NSE, Nifty 100 opened with a gain of 0.04 per cent, Nifty Midcap 100 rose 0.25 per cent, and Nifty Smallcap 100 was up 0.18 per cent. Among sectoral indices, Nifty IT, Pharma, and Realty opened in positive territory, while sectors such as Auto, FMCG, Metal, PSU Bank, and Private Bank traded under pressure. Globally, markets in Japan, Australia, Germany, and the US are hitting all-time highs. In contrast, Indian markets have delivered a decline of 1 per cent over the past 12 months. Experts believe the setup is favourable for a recovery, but the economy and earnings need to show strength. For now, the market remains in a wait-and-watch mode as the country prepares to celebrate Independence Day, with all eyes on developments in Alaska. This article was generated from an automated news agency feed without modifications to text.
