IPO Details

Bidding Dates

27 May '25 - 29 May '25

Minimum Investment

₹1,35,000 / 1 Lot (1000 Shares)

Price Range

₹132 – ₹135

Maximum Investment

₹1,35,000 / 1 Lot (1000 Shares)

Retail Discount

To be announced

Issue Size

₹40.50 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Blue Water Logistics IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

May 27, 25

IPO Close Date

May 29, 25

Tentative Allotment

May 30, 25

Credit of Shares

Jun 02, 25

Tentative Listing Date

Jun 03, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1May 26, 2025

 1.98 1.99 0.58 1.28

Day 2May 27, 2025

 3.31 1.97 1.99 2.35

Day 3May 28, 2025

 14.04 9.87 6.55 9.36

About Blue Water Logistics IPO

Blue Water Logistics IPO is a book-built issue worth ₹40.50 crore. The IPO consists entirely of a fresh issue of 30.00 lakh equity shares. The IPO opens for subscription on May 27, 2025, and closes on May 29, 2025. The allotment is expected to be finalised on May 30, 2025, with tentative listing on NSE SME scheduled for June 3, 2025.

The IPO is priced in a band of ₹132 – ₹135 per share. Retail investors must apply for a minimum of 1 lot comprising 1,000 shares, requiring an investment of ₹1,35,000 at the cutoff price. HNI investors must apply for at least 2 lots (2000 shares), amounting to ₹2,70,000.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager to the issue. Maashitla Securities Private Limited is the registrar. Shreni Shares Limited is the market maker for the IPO.

For detailed financials, company background, and risk factors, investors are advised to refer to the Blue Water Logistics IPO RHP.

Industry Outlook

  1. India’s logistics sector is key to achieving its USD 5.5 trillion GDP target by 2027. As one of the world’s largest logistics markets, it's rapidly evolving to boost efficiency, cut costs, and enhance connectivity.
  2. Major government initiatives, National Logistics Policy (NLP), PM GatiShakti, and the National Infrastructure Pipeline (NIP), are pushing reforms aimed at reducing logistics costs from 13–14% to global standards of 8–9%, with a strong focus on multimodal transport integration.
  3. Digitisation is accelerating through FASTag, e-documentation, and logistics park development, improving transparency and reducing turnaround times.
  4. Challenges persist fragmented infrastructure, regulatory hurdles, and skilled labour shortages. However, rising outsourcing and demand for integrated supply chain solutions position players like Blue Water Logistics to benefit from ongoing sector upgrades.

Blue Water Logistics IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Allocate funds towards the purchase and body building of 20 commercial vehicles, aimed at strengthening the company’s owned fleet and reducing dependency on third-party transport providers.
  2. Enhance liquidity to meet growing operational demands, ensuring smoother execution of logistics services and improved responsiveness to customer needs.
  3. Address strategic and operational needs, including administrative expenses, brand development, and potential business initiatives aligned with long-term growth.
  4. Leverage the IPO to improve brand visibility, establish a public market for the company’s equity shares, and support future expansion and capital-raising opportunities.

About Blue Water Logistics Limited

Blue Water Logistics Limited was originally established as a partnership firm on 16 April 2010 under the name Blue Water Logistics. It was converted into a private limited company on 22 August 2022 as Blue Water Logistics Private Limited and subsequently reconstituted as a public limited company on 25 July 2024.

The company is engaged in providing integrated logistics and supply chain solutions, including freight forwarding, customs clearance, and transportation services. It is registered as a Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993, enabling it to offer seamless cargo movement across air, sea, and land.

Headquartered in Hyderabad, Telangana, Blue Water Logistics operates through a network of five branch offices located in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. The company leverages a robust network of partners and vendors to serve clients across India and internationally.

Its operations are structured around key service verticals such as ocean freight, surface freight, air freight, rail freight, and customs handling. With a focus on operational efficiency, customer-centric service, and compliance, Blue Water Logistics aims to strengthen its position in the Indian logistics sector and expand its footprint in global trade corridors.

How To Check the Allotment Status of the Blue Water Logistics IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Blue Water Logistics IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Blue Water Logistics IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Blue Water Logistics IPO

Registered office: H. No. 8-2-270/B/1/2, Block-3, 4th Floor, Uptown Banjara, Road No. 3, Banjara Hills, Hyderabad – 500034, Telangana, India.

Phone: +91 83411 01774

E-mail: compliance@bwl.co.in

Blue Water Logistics IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50.00% of the Net Issue

Retail Shares Offered

Not less than 35.00% of the Net Issue

NII (HNI) Shares Offered

Not more than 15.00% of the Net Issue

Blue Water Logistics IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1000

₹1,35,000

Retail (Max)

1

1000

₹1,35,000

HNI (Min)

2

2000

₹2,70,000

Blue Water Logistics IPO Promoter Holding

The promoters of the company are Mr. Laxmi Narayan Mishra, Mr. Lalit Panda, Ms. Madhusmita Mohanty and Ms. Supriya Mishra.

Share Holding Pre-Issue

95.62%

Share Holding Post Issue

69.55%

Key Performance Indicators for Blue Water Logistics IPO

As of March 31, 2024, the market capitalisation of Blue Water Logistics is ₹148.50 crore. Here are the KPIs of Blue Water Logistics:

KPI

Value

EBITDA Margin (%)

9.56

PAT Margin (%)

5.44

Debt to Equity Ratio (times)

1.82

Current Ratio (times)

1.62

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (₹)

13.34

9.70

P/E (x)

10.12

13.92

Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.

The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of March 31, 2025, that are available in RHP.

Blue Water Logistics IPO Prospectus

Blue Water Logistics IPO Registrar and Lead Managers

Blue Water Logistics IPO Lead Managers

  • Smart Horizon Capital Advisors Private Limited

Registrar for Blue Water Logistics IPO

Maashitla Securities Private Limited

Blue Water Logistics IPO Registrar

Financial Performance of Blue Water Logistics Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operations (₹ in Lakh) 19,618.04 13,867.37 9,798.24
EBITDA (₹ in Lakh) 1,874.58 1,049.96 382.95
EBITDA Margin (%) 9.56 7.57 3.91
PAT Margin (%) 5.44 4.28 1.57
Return on Equity (%) 72.02 91.24 35.02
Debt to Equity Ratio (times) 1.82 1.82 5.31
Current Ratio (times) 1.62 1.45 1.38

Know before investing

Strengths

8

  1. Registered under the Multimodal Transportation of Goods Act, enabling seamless cargo movement across air, sea, and land.

  2. Branch offices in key logistics hubs including Chennai, Delhi, Jaipur, Visakhapatnam, and Thane.

  3. Efficient use of third-party networks and vendors to scale operations with minimal capital expenditure.

  4. Revenue from operations grew from ₹13,874.33 lakhs in FY 2024 to ₹19,628.59 lakhs in FY 2025.

  5. Services span ocean, surface, rail, and air freight, along with customs clearance.

  6. Led by industry professionals with over a decade of experience in logistics and supply chain management.

  7. Planned acquisition of 20 commercial vehicles to reduce third-party dependency and improve margins.

  8. Benefiting from government initiatives like the National Logistics Policy and PM GatiShakti.

Risks

8

  1. A significant portion of revenue is derived from a few key clients, posing a risk if any major customer is lost.

  2. Over 80% of revenue comes from ocean freight services, making the company vulnerable to disruptions in this segment.

  3. Heavy dependence on external vendors and transport partners may affect service quality and delivery timelines.

  4. A large share of revenue is generated from Telangana, Gujarat, and Maharashtra, exposing the company to regional risks.

  5. The company has substantial unsecured borrowings that may be recalled on demand, impacting liquidity.

  6. Delays or lapses in statutory filings and approvals could lead to penalties or operational disruptions.

  7. Operations are susceptible to adverse weather conditions and infrastructure bottlenecks, especially during monsoons.

  8. Recent conversion to a public limited company may pose governance and compliance challenges in the near term.

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Blue Water Logistics Limited Peer Details Comparison

Company Name CMP (₹) Face Value (₹) Basic EPS (₹) NAV per Share (₹)
Blue Water Logistics Limited [●] 10.00 13.34 25.19
Shreeji Translogistics Limited 13.29 2.00 2.33 8.01
hree Vasu Logistics Limited 599.3 10.00 2.72 27.87

Blue Water Logistics IPO FAQs

What is the Blue Water Logistics IPO?

Blue Water Logistics IPO is a book-built issue IPO. It will be open from May 27, 2025, to May 29, 2025. 

When will the Blue Water Logistics IPO be allotted?

The Basis of Allotment will happen on Friday, May 30, 2025.  

When will the Blue Water Logistics IPO open for subscription?

The IPO subscription window will open on May 27, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1000 shares. 

When will Blue Water Logistics Limited list on exchanges?

The listing date for Blue Water Logistics Limited is Tuesday, Jun 3, 2025. 

What is the issue size of the Blue Water Logistics IPO?

The issue size of the Blue Water Logistics IPO is up to ₹40.50 crores, consisting of a fresh issue of 30.00 lakh shares. 

What are the open and close dates of the Blue Water Logistics IPO?

The open and close dates for Blue Water Logistics IPO are from May 27, 2025, to May 29, 2025. 

What would be the listing gains on the Blue Water Logistics IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting a Blue Water Logistics IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Blue Water Logistics IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Blue Water Logistics Limited using one PAN?

You can submit only one application using your PAN card. 

How to read Blue Water Logistics Limited's financial statements?

To read Blue Water Logistics ‘s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for Blue Water Logistics Limited IPO?

Pre-apply allows investors to apply for the Blue Water Logistics IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Blue Water Logistics Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Blue Water Logistics Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.  

Who is the registrar of Blue Water Logistics IPO?

Maashitla Securities Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Blue Water Logistics IPO getting listed?

Blue Water Logistics Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).