Blue Water Logistics Limited is a specialised logistics company offering end-to-end project logistics, supply chain management, warehousing and logistical support across sea, air and land modes. The company’s expertise covers freight forwarding, SCM, project management, warehouse management, transport and distribution services.

The company is launching an Initial Public Offering as a Book Built Issue with a fresh issue size of 40.5 crore comprising 30 lakh equity shares. The IPO opens for subscription on May 27, 2025 and closes on May 29, 2025. The allotment of shares is expected by May 30, 2025 and the shares will be listed on the NSE SME platform with a tentative listing date of June 3, 2025.

The price band for the IPO is fixed between 132 and 135 per equity share. At the upper band price of 135, the company’s market capitalisation will be 148.5 crore post issue. The IPO lot size is fixed at 1000 shares per lot. Retail investors must invest a minimum of 1,35,000 while High Net Worth Individuals need to apply for at least 2 lots amounting to 2,70,000.

Smart Horizon Capital Advisors Private Limited is the book running lead manager for the issue, while Maashitla Securities Private Limited is the registrar. Shreni Shares Limited will act as the market maker for the IPO.

Financial Performance and Growth

Blue Water Logistics has shown a steady growth in its financial performance over the past four years. The revenue from operations increased from 8,472.21 lakh in FY22 to 19,628.59 lakh in FY25. EBITDA also grew significantly from 240.10 lakh in FY22 to 1,885.12 lakh in FY25. Profit After Tax expanded impressively from 104.31 lakh in FY22 to 1,067.08 lakh in FY25 demonstrating consistent profitability.

The company’s pre-issue Earnings Per Share stands at 13.34 and the post-issue EPS is 9.70 for FY24. The pre-issue Price to Earnings ratio is 10.12 times while the post-issue P/E ratio is 13.92 times which is attractive compared to the industry average P/E of 113 times. Blue Water Logistics also reports a Return on Capital Employed of 30 percent, Return on Equity of 72.02 percent and Return on Net Worth of 52.95 percent for FY24.

Grey Market Premium and Listing Gains

The Grey Market Premium for Blue Water Logistics IPO is currently around 12. This suggests potential listing gains of approximately 8.88 percent for investors applying in the IPO. However, since the GMP is based on unofficial and unregulated trading, it should only be considered for educational purposes and not as a firm price indicator.

Given the company’s strong financial performance, attractive valuation metrics and positive market sentiment, investors with moderate risk appetite may consider applying for the Blue Water Logistics IPO to benefit from expected listing gains.

About the Promoters

The promoters of Blue Water Logistics Limited are Mr Laxmi Narayan Mishra Chairman and Whole-Time Director with over 13 years of experience in logistics and Mr Lalit Panda Managing Director with 7 years of experience. Their extensive industry knowledge and relationships with clients and suppliers provide the company with a strategic advantage.

For more information please contact
Smart Horizon Capital Advisors Private Limited
IPO Book Running Lead Manager

Maashitla Securities Private Limited
Registrar for the issue

Shreni Shares Limited
Market Maker

The Upcoming IPOs in this week and coming weeks are Ganga Bath Fittings, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are 3B Films, N R Vandana Tex Industries, Scoda Tubes, Neptune Petrochemicals.

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.