Latest news with #BlueWaterLogistics
Business Standard
3 days ago
- Business
- Business Standard
NSE SME Blue Water Logistics lists with a gentle ripple
Shares of Blue Water Logistics were trading at Rs 138.85 on the NSE, a premium of 2.85% compared with the issue price of Rs 135. The scrip was listed at Rs 141, a premium of 4.44% compared with the initial public offer (IPO) price. The stock was currently down 1.52% over its listing price. The counter hit a high of Rs 146 and a low of Rs 135.20. About 8.68 lakh shares of the company changed hands at the counter. Blue Water Logistics' IPO was subscribed 8.75 times. The issue opened for bidding on 27 May 2025 and it closed on 29 May 2025. The price band of the IPO was set at Rs 132 to Rs 135 per share. The IPO comprised fresh issue of 30,00,000 equity shares. The promoter and promoter group shareholding diluted to 69.55% from 95.62% pre-issue. The company intends to utilize the net proceeds to fund capital expenditure requirements by purchasing vehicles and body building, to meet working capital requirements and general corporate purposes. Ahead of the Blue Water Logistics on 26 May 2025, raised Rs 11.27 crore from anchor investors. The board has allotted 8.35 lakh shares at Rs 135 per share to 6 anchor investors. Blue Water Logistics specializes in comprehensive logistics and supply chain solutions. The companys core services include freight forwarding, custom clearance, and transportation handling. With five branch offices located in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, along with a wide network of partners and vendors, the company serves clients across India and internationally. It provides end-to-end logistics through air, sea, and surface transport. As of 31 March 2025, the company had 83 employees. The company recorded revenue from operations of Rs 196.18 crore and net profit of Rs 10.67 crore for the period ended 31 March 2025.
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Business Standard
3 days ago
- Business
- Business Standard
Blue Water Logistics makes positive debut; shares list at 4.4% premium
Blue Water Logistics shares made a positive debut on NSE under the SME category, on Tuesday, June 3, 2025, following the completion of its initial public offering (IPO). Blue Water Logistics share price listed at ₹141 per share on NSE SME, reflecting a premium of ₹4.4 per cent over the issue price of ₹135 per share. IPO listing price was above the grey market estimates. Ahead of the listing, the unlisted shares of Blue Water Logistics were trading around ₹139 per share, reflecting a grey market premium (GMP) of ₹4, or 2.96 per cent, over the issue price, revealed sources tracking unofficial market activities. Blue Water Logistics IPO details The public offering aims to raise ₹40.5 crore by offering a fresh issue of 3 million equity shares. There is no offer for sale (OFS) component. The company has set the price band in the range of ₹132 to ₹135 per equity share. The basis of the allotment of Blue Water Logistics IPO was finalised on Friday, May 30, 2025. The initial public offering (IPO) closed for bidding on Thursday, May 29, 2025, receiving a decent response from investors. Maashitla Securities serves as the registrar for the issue. Smart Horizon Capital Advisors is the sole book-running lead manager. According to the Red Herring Prospectus (RHP), from the net issue proceeds, the company plans to utilise ₹10.5 crore to meet capital expenditure requirements for the purchase of vehicles and their body building. In addition, ₹20 crore will be used to meet working capital requirements and the remaining funds will be used for general corporate purposes. About Blue Water Logistics Hyderabad-based Blue Water Logistics is engaged in the business of providing logistics and supply chain solutions. Its key services include freight forwarding, customs clearance, and transportation handling services. It is a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993 to carry on the business of multimodal transportation. The company operates through five branch offices situated in the cities of Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. As of March 31, 2025, the company owns 25 commercial vehicles used for diverse transportation purposes.
Time of India
3 days ago
- Business
- Time of India
Blue Water Logistics to debut on NSE SME on June 3. Here's what GMP indicates
Blue Water Logistics is set to make its stock market debut on the NSE SME platform on Tuesday, following a successful initial public offering that garnered healthy interest from investors. However, ahead of its listing, the stock is showing no activity in the grey market, suggesting a muted start on the bourses. According to the latest update, the grey market premium (GMP) for Blue Water Logistics remains at Rs 0. With the IPO's upper price band fixed at Rs 135, the expected listing price also stands at Rs 135, implying no immediate listing gains or losses for investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gran oportunidad para inversionistas con $300,000 dólares Financiación Empresarial Más información Undo The Rs 42.99 crore IPO, which was open for subscription from May 28 to May 30, was entirely a fresh issue of 31.85 lakh equity shares. The issue was oversubscribed by more than 9 times overall, indicating strong interest despite the lack of any grey market momentum. Blue Water Logistics is engaged in providing logistics and supply chain solutions for liquid and bulk cargo, particularly catering to the petrochemical and oil industries. The company specializes in providing end-to-end services including transportation, storage, and distribution of liquid chemicals and petroleum products across India. The funds raised through the IPO will be used to purchase tankers and containers, invest in working capital, repay borrowings, and for general corporate purposes. MUFG Intime India Private Limited (Link Intime) is the registrar to the issue, and the shares will be listed on NSE SME. Live Events Despite the solid fundamentals and demand in the IPO, market observers remain cautious due to the flat GMP. The absence of a premium may reflect broader SME market sentiment or valuation concerns, and investors will be watching closely to see how the stock performs once listed. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
3 days ago
- Business
- Economic Times
Blue Water Logistics to debut on NSE SME on June 3. Here's what GMP indicates
Blue Water Logistics is set to make its stock market debut on the NSE SME platform on Tuesday, following a successful initial public offering that garnered healthy interest from investors. However, ahead of its listing, the stock is showing no activity in the grey market, suggesting a muted start on the bourses. ADVERTISEMENT According to the latest update, the grey market premium (GMP) for Blue Water Logistics remains at Rs 0. With the IPO's upper price band fixed at Rs 135, the expected listing price also stands at Rs 135, implying no immediate listing gains or losses for investors. The Rs 42.99 crore IPO, which was open for subscription from May 28 to May 30, was entirely a fresh issue of 31.85 lakh equity shares. The issue was oversubscribed by more than 9 times overall, indicating strong interest despite the lack of any grey market momentum. Blue Water Logistics is engaged in providing logistics and supply chain solutions for liquid and bulk cargo, particularly catering to the petrochemical and oil industries. The company specializes in providing end-to-end services including transportation, storage, and distribution of liquid chemicals and petroleum products across funds raised through the IPO will be used to purchase tankers and containers, invest in working capital, repay borrowings, and for general corporate purposes. MUFG Intime India Private Limited (Link Intime) is the registrar to the issue, and the shares will be listed on NSE the solid fundamentals and demand in the IPO, market observers remain cautious due to the flat GMP. The absence of a premium may reflect broader SME market sentiment or valuation concerns, and investors will be watching closely to see how the stock performs once listed. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
30-05-2025
- Business
- Business Standard
Blue Water Logistics IPO booked 9x; check allotment status, GMP, listing
Blue Water Logistics IPO allotment status: The basis of allotment of Blue Water Logistics is expected to be finalised today Friday, May 30, 2025. The initial public offering (IPO) closed for bidding on Thursday, May 29, 2025, receiving a decent response from investors. The issue was oversubscribed 9.4 times, driven primarily by demand from qualified institutional buyers (QIBs), who subscribed to their reserved quota 14.04 times. This was followed by retail investors at 9.87 times and non-institutional investors (NIIs) at 6.55 times. Once the allotment is finalised, investors can check their status on the official websites of NSE and Maashitla Securities, the registrar for the IPO. Alternatively, investors can also follow the direct links given below to check the Blue Water Logistics IPO allotment status online: Check Blue Water Logistics IPO allotment status on NSE: Check Blue Water Logistics IPO allotment status on Maashitla Securities: Blue Water Logistics IPO GMP Blue Water Logistics IPO details Blue Water Logistics aims to raise ₹40.5 crore through the SME public offering comprising a fresh issue of 3 million equity shares. There is no offer for sale (OFS) component. According to the red herring prospectus (RHP), shares of Blue Water Logistics will be listed on the NSE SME platform tentatively on Tuesday, June 3, 2025. The company has set the price band in the range of ₹132 to ₹135 per equity share. Retail investors would require a minimum investment amount of ₹1,32,000 to subscribe for a minimum of one lot comprising 1,000 shares. High-net-worth individuals (HNIs) can bid for a minimum of two lots consisting of 2,000 shares with a minimum investment amount of ₹2,70,000. Maashitla Securities serves as the registrar for the issue. Smart Horizon Capital Advisors is the sole book-running lead manager. According to the RHP, from the net issue proceeds, the company plans to utilise ₹10.5 crore to meet capital expenditure requirements for purchase of vehicles and their body building. In addition, ₹20 crore will be used to meet working capital requirements and the remaining funds will be used for general corporate purposes. About Blue Water Logistics Hyderabad-based Blue Water Logistics is engaged in the business of providing logistics and supply chain solutions. Its key services include freight forwarding, customs clearance, and transportation handling services. It is a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993 to carry on the business of multimodal transportation. The company operates through five branch offices situated in the cities of Chennai, Delhi, Jaipur, Visakhapatnam and Thane. As of March 31, 2025, the company owns 25 commercial vehicles used for diverse transportation purposes.
