BLT Logistics is engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. Their logistics operations are supported by their own fleets of containerized trucks and hired from their 99.99% subsidiary, Sabarmati Express India Private Limited (“Sabarmati”) and third-party operators i.e. small fleet owners and agents who provide them with necessary transportation facilities such as containerized trucks.

BLT Logistics, an Book Built Issue, amounting to ₹ 9.72 Crores, consisting entirely an Fresh Issue of 12.96 Lakh Shares. The subscription period for the BLT Logistics IPO opens on August 04, 2025, and closes on August 06, 2025. The allotment is expected to be finalized on or about Thursday, August 07, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, August 11, 2025.

The Share Price Band of BLT Logistics IPO is set at ₹ 71 to ₹ 75 per equity share. The Market Capitalisation of the BLT Logistics at IPO price of ₹ 75 per equity share will be ₹ 35.97 Crores. The lot size of the IPO is 1,600 shares. Individual investors are required to invest a minimum of 2 lots (3,200 shares), amounting to ₹ 2,40,000.

Socradamus Capital Private Limited is the book running lead manager of the BLT Logistics, while BIGSHARE SERVICES PVT LTD is the registrar for the issue. Gretex Share Broking Limited is the Market Maker for BLT Logistics IPO.

BLT Logistics Limited IPO GMP Today
The Grey Market Premium of BLT Logistics IPO is expected to be ₹ 6 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

BLT Logistics Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 06 August, 2025, the BLT Logistics Limited IPO live subscription status shows that the IPO subscribed 504.44 times on its Final Day of subscription period. Check the BLT Logistics IPO Live Subscription Status Today at BSE.

BLT Logistics IPO Anchor Investors Report
BLT Logistics has raised ₹ 2.68 Crores from Anchor Investors at a price of ₹ 75 per shares in consultation of the Book Running Lead Managers. The company allocated 3,58,400 equity shares to the Anchor Investors. Check Full List of BLT Logistics Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

BLT Logistics Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
30 July 2025	₹ 75	₹ 81	₹ 6 (7.98%)	08:00 PM; 30 July 2025

BLT Logistics Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
BLT Logistics IPO allotment date is 07 August, 2025, Thursday. BLT Logistics IPO Allotment will be out on 7th August, 2025 and will be live on Registrar Website from the allotment date. Check BLT Logistics IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select BLT Logistics Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of BLT Logistics Limited IPO
BLT Logistics to utilise the Net Proceeds towards the following objects: 
1. ₹ 387.88 Lakh is required for Funding capital expenditure requirement of the company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”)
2. ₹ 280.00 Lakh is required to Meet Working Capital Requirements.
3. General Corporate Purpose.

Refer to BLT Logistics Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Flysbs Aviation, Parth Electricals & Engineering, Jyoti Global Plast, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Jyoti Global Plast.

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The Closed IPOs are Shree Refrigerations, Sellowrap Industries, Shanti Gold International, Patel Chem Specialities, Brigade Hotel Ventures.

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About BLT Logistics Limited

BUSINESS OVERVIEW

BLT Logistics Private Limited, incorporated in 2011, is engaged in providing surface transportation of goods in containerized trucks and warehousing services to a diverse range of B2B clients across India. The company operates a consolidated fleet of 121 containerized vehicles (106 under BLT and 15 under its 99.99% subsidiary, Sabarmati Express India Private Limited) with capacities ranging from 3.5MT to 18MT.

Transportation services are supported through a hybrid model involving owned fleets, subsidiary fleets, and third-party operators, ensuring flexibility and scalability in operations. The client base exceeds 200, covering sectors such as electronics, retail, food and confectionery, wholesale trading, and MNCs.

Initially established as a Second-Party Logistics (2PL) provider, the company is now transitioning to a Third-Party Logistics (3PL) model by integrating warehousing services with transportation offerings, enabling more comprehensive and end-to-end logistics solutions.

Key service segments include:

1. Transportation & Allied Services

• Offers pan-India cargo movement, leveraging a mix of FTL (Full Truck Load) and LTL (Less Than Truck Load) models based on consignment size and customer needs.

• Services are managed through a Management Information System (MIS) that enables real-time tracking, inventory reporting, and operational transparency.

• Additional offerings include:

  • Packing and Moving: Covers both residential and commercial relocations, with a focus on secure packaging and damage-free transport.

  • Project Cargo Transportation: Specializes in moving heavy and high-value equipment for large-scale projects with custom planning and secure execution.

2. Warehousing Services

• Initiated in 2023, with facilities located in Gurugram, Thane, Bengaluru, Hooghly, and Ambala.

• Provides a combined storage capacity of approximately 36,300 sq. ft., enabling effective inventory control and transparent warehouse management through MIS.

• Warehouses are strategically positioned to enhance first and last-mile connectivity for client supply chains.

Sabarmati Express India Private Limited, the subsidiary, operates mainly in the B2C distribution segment and also supports BLT’s fleet operations by leasing vehicles from both owned and third-party sources.

The company holds ISO 9001:2015 certification for Quality Management in Transportation and Warehousing Services, indicating a structured and quality-focused operational approach. Logistics services are primarily executed via roadways, with active service delivery across multiple Indian states.

The Company has a total strength of 62 employees (including executive directors) as on March 31, 2025 which looks after the different aspects of the business like finance, secretarial, admin and human resource, operations and driving the vehicles. The Banker to the company is ICICI Bank Limited.

INDUSTRY ANALYSIS

India’s Logistics Sector: A Transformative Journey Towards Global Competitiveness

India’s logistics industry is undergoing a rapid and unprecedented transformation, driven by a mix of global trade realignment, domestic industrial growth, the eCommerce boom, environmental sustainability imperatives, and the accelerated digitization of supply chains. The sector is transitioning from its traditional, fragmented model to a more integrated, technology-driven ecosystem, enabling participation from a diverse set of stakeholders including businesses and individuals alike.

Recognizing its strategic importance, the Government of India has adopted a holistic ‘Whole of Government’ approach to logistics—shifting from a fragmented, sectoral outlook to a data-driven and end-to-end integrated strategy. Major infrastructure reforms like Bharatmala, Sagarmala, Dedicated Freight Corridors, UDAN, and Jal Marg Vikas are being implemented alongside digital and process reforms such as e-SANCHIT, Unified Logistics Interface Platform (ULIP), Logistics Data Bank (LDB), Port Community System, and Sagar Setu. This combined effort has significantly improved logistics efficiency and India's Ease of Doing Business.

The nation’s focus on trade facilitation has also garnered international recognition. According to the UN Global Survey on Digital and Sustainable Trade Facilitation, India has achieved 94% implementation of trade facilitation measures, the highest in South Asia. The World Bank’s Logistics Performance Index (LPI) saw India improve its global rank from 44 in 2018 to 38 in 2023, attributing the gain to infrastructure investments and digital innovations like the LDB.

With the launch of PM GatiShakti (PMGS) and the National Logistics Policy (NLP), 2022, India has laid the groundwork for coordinated infrastructure and logistics development. While PMGS focuses on hard infrastructure and network integration, the NLP addresses soft infrastructure including process reforms, skilling, digitalization, and service quality improvements.

India’s leadership during its G20 presidency further elevated the sector's profile. “Logistics for Trade” was listed among the five key agendas of the Trade and Investment Working Group, culminating in the announcement of the India-Middle East-Europe Economic Corridor (IMEC)—a move that could position India as a hub in global supply chains.

At the sub-national level, States and Union Territories have made significant strides to bolster logistics efficiency by focusing on three critical areas:

1. Infrastructure – Emphasis on first and last-mile connectivity, road quality, and development of cargo hubs, MMLPs, and warehousing facilities.

2. Logistics Services – Expansion of skill development programs through public-private partnerships.

3. Operating Environment – Many States have notified logistics policies and granted ‘Industry’ or ‘Priority Sector’ status to the logistics domain.

States like Maharashtra, Delhi, and Haryana are leading examples of this transformation. Maharashtra, tagged as a “Fast Mover” in the LEADS 2023 report, has invested heavily in infrastructure projects including MMLPs near Nagpur and Wardha, and truck terminals in Pimpri Chinchwad. Delhi, an “Achiever,” has emphasized logistics skill development through partnerships like those with DSEU. Haryana, also an “Achiever,” has executed key road connectivity upgrades and is in the process of developing a comprehensive Logistics Master Plan.

The push towards multimodal integration is further reinforced by the operational framework of PM GatiShakti, which brings together 36 central ministries under the oversight of an Empowered Group of Secretaries (EGoS). Supporting this mechanism are the Network Planning Group (NPG) and Technical Support Unit (TSU)—institutions that drive coordination, evaluation, and implementation of projects.

So far, 81 High Impact Projects, 76 NPG-approved Projects, and 197 Critical Infrastructure Gaps have been identified. Special focus is being given to sectors such as agriculture, coal, food, and steel through last-mile connectivity projects.

Year 2024–25: Milestones in Infrastructure Development

India’s National Highway network has seen a 60% expansion—from 91,287 km in 2014 to 1,46,195 km in 2024. The length of High-Speed Corridors (HSCs) has surged from 93 km to 2,474 km, while 4-lane and above highways (excluding HSCs) increased 2.5 times to reach 45,947 km.

The construction pace of national highways has risen dramatically—from 12.1 km/day in 2014-15 to 33.8 km/day in 2023-24. The total construction reached 12,349 km in FY 2023-24 (second-highest ever), and lane augmentation hit a record 9,642 km.

Furthering this momentum, the Cabinet Committee on Economic Affairs has approved 8 new High-Speed Corridor projects spanning 936 km, worth ₹50,655 crore, estimated to generate 4.42 crore man-days of employment.

Multi-Modal Logistics Parks (MMLPs) and Other Connectivity Initiatives

Of the 35 proposed MMLPs, 6 have already been awarded in locations like Chennai, Nagpur, Jalna, Indore, Bengaluru, and Jogighopa. Bids for Pune, Nashik, and Anantapur have been floated, and 5 more MMLPs are slated for award in FY 2025–26. These projects will act as nerve centers of freight movement, reducing logistics cost and transit time.

In terms of port connectivity, 36 out of 108 projects are under execution, addressing last-mile bottlenecks. Meanwhile, over 455 Wayside Amenities (WSAs) along highways have been awarded—with 90 already operational. These WSAs aim to generate local employment and support rural economies by promoting village haats and indigenous products.

The Road Ahead: Toward a Resilient and Green Logistics Future

India’s logistics sector is now poised at a critical juncture. With strong alignment between the Centre, States, and private stakeholders, and strategic reforms like PMGS and NLP, the country is preparing to become a global manufacturing and logistics powerhouse.

Going forward, the sector must focus on:

• Data-driven planning

• Urban logistics frameworks (City Logistics Plans)

• Green logistics and sustainability

• Private sector participation and technology integration

• Filling infrastructure and regulatory gaps

The LEADS 2023 report captures these advancements and offers a blueprint for continuing this momentum. As India aims for global supply chain leadership, a robust, efficient, and sustainable logistics ecosystem will be its backbone—paving the way for economic resilience, export competitiveness, and inclusive growth.

BUSINESS STRENGTHS

A. Established Track Record and Industry Presence
Founded in 2011 by Krishan Kumar and Rakesh Kumar, the company began operations as a household packers and movers service before expanding into commercial shifting and goods transportation. A consistent focus on client-centric logistics solutions has led to strong customer retention and steady growth. The company caters to multiple industries, including electronics, retail, food, confectionery, wholesale trading, and multinational corporations. Long-standing client relationships have contributed to operational efficiency and enhanced market competitiveness.

B. Strong and Diverse Customer Base
By consistently delivering quality logistics services, the company has built long-term relationships with over 200 customers as of FY 2024-25. Offices and warehousing infrastructure in Delhi, Thane, Gurugram, and Bengaluru allow close coordination and client servicing. Existing client relationships continue to support customer retention, repeat business, and new client acquisition.

C. Comprehensive Logistics Service Portfolio
BLT Logistics functions as a multifaceted transport operator offering both 2PL (freight and transport management) and 3PL (storage and distribution) solutions. Services are designed to optimize clients’ supply chains by improving efficiency, reducing costs, and enhancing visibility. A robust transportation network and value-added services contribute to client acquisition across varied industry segments.

D. Experienced and Visionary Promoters
Promoters Rakesh Kumar and Krishan Kumar bring over 25 years of combined experience in the logistics and transport sector. Their strategic guidance has played a key role in expanding service capabilities, operational footprint, and business growth. Leadership experience across logistics functions has been critical to sustaining performance and competitiveness.

BUSINESS STRATEGIES

A. Strengthening Core Service Offerings:
Enhancing transportation, warehousing, and logistics services through industry expertise remains a key focus. This includes PAN India Full Truckload (FTL) and Less-than Truckload (LTL) freight management, real-time order processing, machinery/equipment relocation, project transport management, and comprehensive warehousing solutions. Fleet expansion through the purchase of 19 new trucks is also underway to support service enhancement.

B. Expanding Customer Base and Wallet Share:
Targeting new customers across sectors and deepening relationships with existing clients through customized logistics and supply chain solutions. The strategy includes cross-selling services, entering new geographies, and supporting clients’ expanding product lines to boost revenue and margins.

C. Network and Geographic Expansion:
Strategic investments are planned to increase geographical coverage and operational capacity. Expansion of existing branches and identification of new locations aim to strengthen service reach and responsiveness to dynamic customer requirements.

D. Warehousing Infrastructure Development:
In response to rising demand for local storage and faster delivery, plans are in place to develop leasehold or licensed multi-user warehouses in key, well-connected locations across India. These facilities are designed to meet the evolving logistics needs of clients in the growing online and retail marketplaces.

BUSINESS RISK FACTORS & CONCERNS

1. Geographic Revenue Concentration:
A significant portion of revenue is derived from operations in the State of Maharashtra, contributing ₹2,004.84 lakhs (41.83%), ₹1,887.69 lakhs (47.53%), and ₹1,599.72 lakhs (51.55%) for FY 2025, 2024, and 2023 respectively. Adverse developments in this region may negatively impact revenue and operational results.

2. Operational Diversification Risk:
Limited diversification across verticals and heavy reliance on transportation services heighten the risk of revenue concentration. Inability to manage or expand diversified operations could affect financial performance and cash flows.

3. Risks Associated with New Warehousing Business:
The company has recently entered the warehousing segment through leased premises in Gurgaon, Bhiwandi, Bengaluru, Hooghly, and Ambala. This new venture may face risks such as cost overruns, regulatory delays, or lower-than-expected cash flow generation, which could impact business growth, financial condition, and operational outcomes.

Summary:
BLT Logistics faces significant risks due to revenue concentration in specific geographies, limited business diversification, and recent entry into warehousing services. These factors may adversely impact operational performance, growth, and financial stability.