Latest news with #BLTLogisticsLimited
Mint
4 days ago
- Business
- Mint
BLT Logistics IPO day 2: Issue subscribed 7.17x so far - Here's GMP, other key details
The initial public offering (IPO) of BLT Logistics opened for subscription on August 4 and will close on August 6. The small and medium enterprise (SME) IPO has so far been subscribed over 7.17 times on the second day of bidding. The BLT Logistics IPO comprises a total of 12,96,000 shares. Of these, 5,98,400 shares (46.17%) are reserved for Qualified Institutional Buyers (QIBs), including 3,58,400 shares (27.65%) allocated specifically to Anchor investors and 2,40,000 shares (18.52%) for QIBs excluding Anchor investors. Additionally, 1,80,800 shares (13.95%) are set aside for Non-Institutional Investors (NIIs), and 4,22,400 shares (32.59%) are allocated to Retail Individual Investors (RIIs). Established in 2011, BLT Logistics Limited offers surface transportation of goods using containerized trucks, along with warehousing services, catering to a wide range of industries and businesses. The SME IPO has been subscribed over 7.53 times, as of 2:53 pm on the second day of bidding, August 5. The IPO has received 72,01,600 bids against offered 9,37,600 shares. The retail category has received maximum bids as it has been subscribed over 12.89 times. Meanwhile, NIIs and QIB sections were booked 6.58 times and 0.04 times on the second day. The shares of BLT Logistics IPO is currently trading at a premium of +15 in the grey market. This means that the GMP of BLT Logistics IPO is ₹ 15, according to The estimated listing price of BLT Logistics IPO is likely to be ₹ 90, which is 20 per cent higher than the IPO price of ₹ 75. ' Today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹ 0, while the highest GMP is ₹ 16,' investorgain said. The BLT Logistics IPO is a book-built issue worth ₹ 9.72 crore, consisting entirely of a fresh offering of 12.96 lakh equity shares. The IPO price has been set at ₹ 75 per share, with a lot size of 1,600 shares. For retail investors, the minimum investment required amounts to ₹ 2,27,200 for 3,200 shares (2 lots). The share allotment is expected to be finalized on Thursday, August 7, 2025, and the listing is scheduled to take place on the BSE SME platform on Monday, August 11. Beeline Capital Advisors Pvt Ltd is serving as the book-running lead manager for the issue, while Skyline Financial Services Private Ltd has been appointed as the registrar. Spread X Securities Private Limited is acting as the market maker for the IPO. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
01-08-2025
- Business
- Business Standard
BLT Limited IPO Opens on 4th August, 2025
PNN New Delhi [India], August 1: BLT Logistics Limited, engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. As on FY25, the company owned operational fleet of 106 vehicles having capacity ranging from 3.5MT to 18MT and another 15 vehicles as part of the fleet of the company's 99.99% subsidiary, Sabarmati, having capacity of 9MT. The company serves B2B customers which require transporting bulk quantities of their goods from one place to another within India. BLT proposes to open its Initial Public Offering on Monday 4th August, 2025 aiming to raise ₹ 9.72 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform. Total Fresh Issue Size - 12,96,000 Equity shares of ₹ 10 each -IPO Size - ₹ 9.72 Crore (At Upper Band) -Price Band - ₹ 71 - ₹ 75 Per Share -Lot Size - 1600 Equity Shares The issue size is 12,96,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 71 - ₹ 75 per Share. Equity Share Allocation -Anchor Investors Portion - Not more than 3,58,400 Equity Shares -Net Qualified Institutional Buyers - Not more than 2,40,000 Equity Shares -Non-Institutional Investors - Not less than 1,80,800 Equity Shares -Market Maker - 94,400 Equity Shares The net proceeds from the ipo will be utilized for funding Capital expenditure requirement of the company towards purchase of Trucks ("Vehicles") and ancillary equipment ("Equipment"), To meet the company's working capital needs and general corporate purposes. The anchor portion will open on 1st August, 2025 and public issue will close on 6th August, 2025. The Book Running lead manager for the Issue is Beeline Capital Advisors Private Limited, and Skyline Financial Services Private Limited is the registrar to the issue. .Mr. Krishan Kumar, Chairman and Managing Director, BLT Logistics Limited, stated, "This IPO marks a pivotal moment in our journey. With increased capital, we aim to strengthen our operations and expands market reach. About BLT Logistics Limited: Incorporated in 2011, BLT Logistics Limited is engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. The company's logistics operations are supported by its own fleet and of its 99.99% subsidiary, Sabarmati Express India Private Limited, and third-party operators, providing necessary transportation facilities like containerised trucks. As of March 31, 2025, the company owns an operational fleet of 106 vehicles (3.5MT to 18MT) and 15 vehicles (9MT) as part of its 99.99% subsidiary, Sabarmati. Services: Transportation & Allied Services: The Company offers B2B transportation services, including FTL, LTL, packing, moving, and project cargo transportation, utilizing a diverse fleet and advanced technology for efficient, secure, and cost-effective logistics solutions. In FY25, on consolidated basis, the Company achieved a Revenue of ₹ 49.16 Crores, Operating EBITDA of ₹ 9.56 crores & PAT of ₹ 3.83 Crores. In FY24, on consolidated basis, the Company Achieved a consolidated Revenue of ₹ 40.34 Crores, Operating EBITDA of ₹ 8.48 crores, & PAT of ₹ 3.13 Crores. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
