Blue Water Logistics was incorporated on April 16, 2010. The company provides end-to-end logistics and supply chain solutions, including freight forwarding, customs clearance, and transportation services. It is a registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993. Headquartered in Hyderabad, it operates through five branch offices across major Indian cities
| Bidding Dates |
|---|
| 27 May 2025 - 29 May 2025 |
| Subscription |
|---|
| 8.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 1000 | 3.0 M | ₹132 - ₹135 | 69.55 % | ₹396.0 M - ₹405.0 M | RHP DOC |
Blue Water Logistics IPO SUBSCRIPTION STATUS
29 May '25Blue Water Logistics IPO overall subscription rate was 8.76 times the total available shares
Blue Water Logistics IPO retail subscription rate was 8.73 times in the retail segment
Blue Water Logistics IPO non-institutional investor subscription rate was 13.85 times in the non-institutional investor category
Blue Water Logistics IPO Qualified Institutional Bidder subscription rate was 7.25 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 May 2025 (Day 3) | 8.73x | 13.85x | 7.25x |
28 May 2025 (Day 2) | 2.59x | 3.14x | 1.71x |
27 May 2025 (Day 1) | 0.75x | 2.69x | 1.02x |
Blue Water Logistics FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 10.7 | 196.2 | -11.5 | -16.8 | 9.6% |
| FY24 | 5.9 | 138.7 | 4.2 | 2.5 | 7.6% |
| FY23 | 1.5 | 98.0 | 2.9 | 1.7 | 3.9% |
| 5MFY23 | 1.0 | 84.7 | 9.3 | 8.5 | 2.8% |
Blue Water Logistics IPO SUBSCRIPTION STATUS DETAILS
Blue Water Logistics had 3.0 M shares on offer
Blue Water Logistics IPO offer price was in the range ₹132 - ₹135
Blue Water Logistics IPO minimum Investment was ₹132000
Blue Water Logistics IPO issue size was ₹ 396.0 M - ₹ 405.0 M
Blue Water Logistics had a minimum lot size of 1000 Shares per application
Blue Water Logistics NUMBER OF SHARES ON OFFER
Blue Water Logistics IPO IMPORTANT DATES
| Issue Open Date | 27 May 2025 |
| Issue close Date | 29 May 2025 |
| Allotment Date | 30 May 2025 |
| Refund Date | 02 Jun 2025 |
| Demat Account Credit Date | 02 Jun 2025 |
| Listing Date | 03 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Blue Water Logistics Allotment Status | Exchange/ Registrar |
Blue Water Logistics IPO subscription opened on 27 May 2025, and closed on 29 May 2025
IPO allotment for Blue Water Logistics was finalized on Friday, 30 May 2025
IPO listing for Blue Water Logistics was on NSE on Tuesday, 03 Jun 2025
Blue Water Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 135.0 |
| Listing Open Price | 141.0 |
| Listing Close Price | 148.1 |
| Listing Gain% | 4.4% |
| Current Gain% | 214.8% |
Blue Water Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Blue Water Logistics Ltd. | 425 | 467.4 | 18.5 | 0.1 | 1.2 | 31.1 | 10.7 | 386.3 | 96.8 | 25.2 | 136.2 | 22.9 | 136.2 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Blue Water Logistics INFORMATION ON IPO ISSUE
About Blue Water Logistics
Blue Water Logistics was incorporated on April 16, 2010. The company provides end-to-end logistics and supply chain solutions, including freight forwarding, customs clearance, and transportation services. It is a registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993. Headquartered in Hyderabad, it operates through five branch offices across major Indian cities
Object of the Issue
- Funding of capital expenditure requirements by the purchase of vehicles and their body building
- Funding the working capital requirements of the company
- General corporate purposes
Blue Water Logistics - PROMOTERS
| Name |
|---|
| Laxmi Narayan Mishra |
| Lalit Panda |
| Madhusmita Mohanty |
| Supriya Mishra |
Blue Water Logistics Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Blue Water Logistics Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Blue Water Logistics Strengths
Diverse customer base
The company has served customers across a wide range of industries including chemicals, confectionery, crockery, pharmaceuticals, paper, automobiles, textiles, electronics, fitness equipment, and agricultural products. This diversification, along with strong relationship management, highlights the company’s ability to meet varied sector-specific logistics needs and supports consistent business growth
Comprehensive service offerings
As a multimodal transport operator, the company offers a wide range of logistics services tailored to meet diverse client requirements. Its offerings include ocean freight forwarding, customs clearance, transportation, and value-added services such as fumigation and container handling
Domestic & global reach
The company serves a geographically diverse customer base across India and international markets through a network of agents in overseas locations. It provides both domestic and cross-border logistics services, enabling clients to expand into new regions
Blue Water Logistics Risks
Ocean freight dependency
The company derives a significant portion of its revenue—more than 75%—from ocean freight services. Any disruption in this segment due to adverse weather, labor unrest, or port delays may affect its ability to deliver consignments on time, potentially impacting revenues and customer relationships
Third-party reliance
The company depends on third-party service providers such as shipping lines, vendors, and overseas agents to carry out key logistics functions. Any underperformance, delay, or breakdown in these relationships may disrupt operations, impact service quality, and affect customer satisfaction, even though no major disruptions have occurred in the past
Weather-driven disruptions
The company’s logistics operations are vulnerable to unpredictable weather conditions, which may delay deliveries and affect service reliability. For instance, Cyclone Biparjoy in June 2023 caused significant disruption at Mundra Port, resulting in delays and operational losses. Such events could negatively impact the company’s efficiency and financial performance
IPO FAQs
The promoters of the company are Laxmi Narayan Mishra, Lalit Panda, Madhusmita Mohanty and Supriya Mishra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 132.0 - 135.0.
The IPO application opens on May 27, 2025 and closes on May 29, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on May 30, 2025.
The refund will be credited to your account on Jun 02, 2025.
The allotted shares will be credited to your demat on Jun 02, 2025.
Blue Water Logistics Ltd.’s shares listed on the stock exchanges on Jun 03, 2025.