Introduction to BLT Logistics Limited
BLT Logistics Limited is a company specializing in surface transportation of goods using containerized trucks along with warehousing services. They cater to various industries and businesses, offering integrated logistics solutions. The company operates using its own fleet of containerized trucks and supplements this capacity by hiring trucks from their nearly wholly owned subsidiary, Sabarmati Express India Private Limited, and other third-party operators such as small fleet owners and agents.

This hybrid fleet model ensures operational flexibility and scalability, meeting diverse client needs across multiple industries.

Details of the IPO Issue
The BLT Logistics IPO is a Book Built Fresh Issue of approximately ₹9.72 Crores, consisting of 12.96 lakh equity shares. The subscription window opens on August 4, 2025, and closes on August 6, 2025. The share allotment is scheduled to be finalized by August 7, 2025, with the shares expected to be listed on the BSE SME platform around August 11, 2025.

The price band is fixed between ₹71 and ₹75 per share. At the upper price band of ₹75, the company's market capitalization will be about ₹35.97 Crores. The IPO lot size is 1,600 shares, requiring individual investors to apply for a minimum of 2 lots (3,200 shares), amounting to ₹2,40,000 minimum investment.

The IPO is managed by Socradamus Capital Private Limited, with BIGSHARE SERVICES PVT LTD as registrar and Gretex Share Broking Limited serving as the Market Maker.

Financial Performance and Growth Metrics
BLT Logistics has shown steady financial growth in recent years:

• Revenue from operations increased from ₹4,073.18 Lakh in FY24 to ₹4,943.31 Lakh in FY25.

• EBITDA rose from ₹886.16 Lakh in FY24 to ₹982.37 Lakh in FY25, demonstrating improved operational efficiency.

• Profit after Tax (PAT) grew from ₹312.98 Lakh in FY24 to ₹383.86 Lakh in FY25, reflecting consistent bottom-line growth.

The company’s pre-issue EPS is ₹10.97, and the post-issue EPS is estimated at ₹8.00 for FY24. The pre-issue P/E ratio is 6.83x, and the post-issue P/E ratio is 9.37x, compared to the industry average P/E ratio of 10x. This suggests the IPO is fairly valued and reasonably priced.

Key financial ratios further underline its strength:

• Return on Capital Employed (ROCE) for FY24 stands at 35.26%.

• Return on Equity (ROE) is 43.64%, highlighting efficient utilization of shareholder capital.

• Return on Net Worth (RoNW) is 43.73%.

These numbers indicate that the company is maintaining healthy profitability and operational efficiency within the competitive logistics sector.

Experienced Promoters and Management
The promoters, Rakesh Kumar and Krishan Kumar, bring a combined industry experience of over 25 years. Their deep understanding and strategic vision have been critical to BLT Logistics’ growth over the last 13 years.

The promoters’ expertise and commitment, alongside a dedicated employee base, have positioned the company to provide robust logistics and transportation solutions, adapting to client needs effectively.

Grey Market Premium and Market Sentiment
The Grey Market Premium (GMP) for BLT Logistics IPO currently stands at ₹6, indicating a potential listing gain of approximately 7.98%. Investors should remember that GMP is an unofficial indicator, influenced by unregulated demand and supply, and not a guaranteed reflection of listing gains.

Should You Apply?
Considering BLT Logistics’ steady revenue growth, strong profitability, experienced promoters, and reasonable valuation, this IPO may interest investors willing to take moderate risks for potential short-term gains. Conservative investors should evaluate market conditions and post-listing price movements carefully.

Summary

BLT Logistics offers investors exposure to a growing Indian logistics firm with diversified fleet management and warehousing services. The company’s solid financial track record and experienced leadership suggest promising prospects. The IPO is fairly priced, making it a potential candidate for investors seeking listing gains with moderate risk appetite.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

The Upcoming IPOs in this week and coming weeks are Regaal Resources, Mahendra Realtors and Infrastructure, Bluestone Jewellery and Lifestyle, Icodex Publishing Solutions.

The Current active IPO are Star Imaging and Path Lab, Medistep Healthcare, ANB Metal Cast, ConnPlex Cinemas, ALL Time Plastics, JSW Cement, Sawaliya Foods Products.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.