Latest news with #BLTLogistics'
Business Standard
3 days ago
- Business
- Business Standard
BSE SME BLT Logistics hits the fast lane on market entry
Shares of BLT Logistics was trading at Rs 95.49 on the BSE, a premium of 27.32% compared with the issue price of Rs 75. The scrip was listed at Rs 90.95, a premium of 21.27% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 95.49 and a low of Rs 90.95. About 5.26 lakh shares of the company changed hands at the counter. BLT Logistics' IPO was subscribed 504.43 times. The issue opened for bidding on 4 August 2025 and it closed on 6 August 2025. The price of the IPO was fixed between Rs 71-75 per share. The IPO comprised fresh issue of 12,96,000 equity shares. The promoter shareholding in the company diluted to 72.94% post-IPO from 99.95% pre-IPO. The company intends to utilize the net proceeds for purchasing trucks and ancillary equipment, to meet working capital requirements and general corporate purpose. Ahead of the IPO, BLT Logistics on 1 August 2025, raised Rs 2.68 crore from anchor investors. The board allotted 3.58 lakh shares at Rs 75 each to 2 anchor investors. BLT Logistics is engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. The company mainly serves B2B customers which require transporting bulk quantities of their goods from one place to another within India. As on 31 March 2025, the company owned operational fleet of 106 vehicles having capacity ranging from 3.5MT to 18MT. As on March 2025, the company had 62 employees. The company recorded revenue from operations of Rs 49.16 crore and net profit of Rs 3.83 crore for the period ended 31 March 2025.
Mint
4 days ago
- Business
- Mint
BLT Logistics IPO listing: Shares debut at 21% premium over IPO price on BSE SME. Details here
BLT Logistics IPO listing: Shares of BLT Logistics were off to a solid start on Monday, August 11, as they listed at a healthy premium of 21% over the issue price on the BSE SME platform. BLT Logistics' share price listed at ₹ 90.95, as against its initial public offering (IPO) price of ₹ 75, a premium of ₹ 15.95 or 21.27%. 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.
