Blue Water Logistics IPO opens May 27

22 May 2025 CW Team

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.

Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,000 for market makers, 4,40,000 for NIIs, 5,59,000 for QIBs, and 10,10,000 for retail investors.

According to the RHP, the company will utilise Rs 10.51 crore for vehicle purchases and body-building, Rs 20 crore towards working capital, and the balance for general corporate purposes.

Founded in 2010, Blue Water Logistics offers multimodal logistics, freight forwarding, customs clearance, and transportation services across sectors like chemicals, textiles, and electronics. With a presence in Singapore and the UAE, it currently owns 25 vehicles and plans to add 20 more.

The company reported over 40 per cent growth in operating revenue to Rs 196.18 crore in FY25 from Rs 138.67 crore in FY24, while profit after tax rose to Rs 10.67 crore from Rs 5.94 crore year-on-year.

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