BLT Logistics was incorporated on September 06, 2011. The company provides surface transportation and warehousing services, mainly for B2B clients. With a fleet of 121 vehicles (including subsidiary Sabarmati), it also offers packing, moving, and project cargo transport across India
| Bidding Dates |
|---|
| 04 Aug 2025 - 06 Aug 2025 |
| Subscription |
|---|
| 504.44x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,27,200 | 2 | 2 | 1600 | 1.3 M | ₹71 - ₹75 | 72.94 % | ₹92.0 M - ₹97.2 M | RHP DOC |
BLT Logistics IPO SUBSCRIPTION STATUS
06 Aug '25BLT Logistics IPO overall subscription rate was 504.44 times the total available shares
BLT Logistics IPO retail subscription rate was 820.47 times in the retail segment
BLT Logistics IPO non-institutional investor subscription rate was 1308.92 times in the non-institutional investor category
BLT Logistics IPO Qualified Institutional Bidder subscription rate was 41.88 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Aug 2025 (Day 3) | 820.47x | 1308.92x | 41.88x |
05 Aug 2025 (Day 2) | 28.05x | 22.83x | 0.53x |
04 Aug 2025 (Day 1) | 3.57x | 5.37x | - |
BLT Logistics FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 49.2 | 3.8 | 3.4 | 0.5 | 19.4% |
| FY24 | 40.3 | 3.1 | 3.2 | -2.3 | 21.3% |
BLT Logistics IPO SUBSCRIPTION STATUS DETAILS
BLT Logistics had 1.3 M shares on offer
BLT Logistics IPO offer price was in the range ₹71 - ₹75
BLT Logistics IPO minimum Investment was ₹227200
BLT Logistics IPO issue size was ₹ 92.0 M - ₹ 97.2 M
BLT Logistics had a minimum lot size of 1600 Shares per application
BLT Logistics NUMBER OF SHARES ON OFFER
BLT Logistics IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2025 |
| Issue close Date | 06 Aug 2025 |
| Allotment Date | 07 Aug 2025 |
| Refund Date | 08 Aug 2025 |
| Demat Account Credit Date | 08 Aug 2025 |
| Listing Date | 11 Aug 2025 |
| Listing on Exchange(s) | BSE |
| BLT Logistics Allotment Status | Exchange/ Registrar |
BLT Logistics IPO subscription opened on 04 Aug 2025, and closed on 06 Aug 2025
IPO allotment for BLT Logistics was finalized on Thursday, 07 Aug 2025
IPO listing for BLT Logistics was on BSE on Monday, 11 Aug 2025
BLT Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 91.0 |
| Listing Close Price | 95.5 |
| Listing Gain% | 21.3% |
| Current Gain% | -62.8% |
BLT 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLT Logistics Ltd. | 27.9 | 13.4 | 3.5 | 148.7 | 0.2 | 18.4 | 10.7 | 56.6 | 14.4 | 3.8 | 0 | 8 | 0 |
| Transport Corporation of India Ltd. | 935.4 | 7186.4 | 15.7 | 2.4 | 1.4 | 17.8 | 13.1 | 4965 | 9.4 | 456.2 | 10.6 | 59.4 | 6.7 |
| Globe International Carriers Ltd. | 21.7 | 242.9 | 24.7 | 0.3 | 1.4 | 10 | 4.8 | 176.6 | 12.6 | 9.9 | 105.2 | 0.9 | 84.8 |
| Chartered Logistics Ltd. | 9.3 | 114.6 | -49.3 | 0.2 | 1.6 | -3.5 | -2.5 | 74.1 | -5.8 | -2.3 | -287.9 | -0.2 | -287.9 |
| Patel Integrated Logistics Ltd. | 14.2 | 99 | 9.5 | 0.3 | 0.3 | 7.8 | 5.9 | 360 | 4.2 | 9.6 | 26.3 | 1.5 | 35.8 |
| Shree OSFM E-Mobility Ltd. | 57 | 87.8 | 11.6 | 9 | 5.8 | 155.8 | 11.1 | 7.6 | -26.8 | 4.9 |
BLT Logistics INFORMATION ON IPO ISSUE
About BLT Logistics
BLT Logistics was incorporated on September 06, 2011. The company provides surface transportation and warehousing services, mainly for B2B clients. With a fleet of 121 vehicles (including subsidiary Sabarmati), it also offers packing, moving, and project cargo transport across India
Object of the Issue
- Funding capital expenditure requirement of the company towards purchase of trucks (“Vehicles”) & ancillary equipment
- To meet working capital requirements
- General corporate purposes
BLT Logistics - PROMOTERS
| Name |
|---|
| Krishan Kumar |
| Rakesh Kumar |
BLT Logistics - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Krishan Kumar | Chairman & Managing Director |
| Rakesh Kumar | Whole Time Director |
| Rajni Sharma | Independent Director |
| Naveen Kumar Gupta | Independent Director |
BLT Logistics Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
BLT Logistics Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
BLT Logistics Strengths
Diverse product portfolio
The company offers 2PL and 3PL logistics services, including freight management and warehousing, tailored to meet client needs. Its wide service portfolio and strong network help improve customer supply chains and attract clients across industries
Diverse customer base
The company’s focus on service quality has enabled long-term customer relationships, ensuring steady logistics demand. In FY25, it served over 200 customers and operates offices and warehouses in Delhi, Thane, Gurugram, and Bengaluru
BLT Logistics Risks
Transportation risks
The company faces inherent risks in the logistics industry, including liabilities from accidents, injuries, or damage during transport. It may also be exposed to customer claims for theft, damage, or loss of goods in transit
Insurance risks
The company has secured various insurance policies including vehicle insurance, goods-in-transit (for a specific customer), fire, burglary, and warehouse goods coverage. These policies help cover expenses and liabilities arising from fleet damage and other potential risks
Competition
The company operates in a highly competitive and fragmented logistics industry with low entry barriers, facing competition from both organized and unorganized players. Intense competition and inability to maintain cost efficiency or market presence could impact its revenue, margins, and market share
IPO FAQs
The promoters of the company are Krishan Kumar and Rakesh Kumar.
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 71.0 - 75.0.
The IPO application opens on Aug 04, 2025 and closes on Aug 06, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 227,200.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Aug 07, 2025.
The refund will be credited to your account on Aug 08, 2025.
The allotted shares will be credited to your demat on Aug 08, 2025.
BLT Logistics Ltd.’s shares listed on the stock exchanges on Aug 11, 2025.