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Blue Water Logistics IPO
Price Band
₹132.0–135.0
Issue Size
₹40.5 Cr
Lot Size
1,000 shares
Min Investment
₹135,000
GMP
+₹4.0 (2.96%)
Issue Price
₹135.0
Subject to Sauda
₹3000
Paid only if allotted
Blue Water Logistics IPO AI Summary
- Blue Water Logistics IPO is listed on NSE SME in the Logistics Solution Provider sector.
- Price band: ₹132.0–₹135.0 per share, lot size 1,000 shares (min. investment ₹135,000).
- Subscription window: 27 May–29 May 2025, listing on 03 Jun 2025.
- Current GMP is +₹4.0 (2.96%), an estimated listing price of ₹139 — unofficial and can change daily.
Blue Water Logistics Ltd is a logistics solution provider with a strong client base and a diverse range of services. The company's financials indicate growth in both revenue and profit, making it an interesting option for investors considering the logistics sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Blue Water Logistics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Blue Water Logistics IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+2.96%
Est. Listing
₹139.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in April 2010, Blue Water Logistics Ltd provides logistics and supply chain solutions. The company's primary services include freight forwarding, custom clearance and transportation handling services. The company provides comprehensive project logistics, supply chain management (SCM), and warehousing across air, sea, and land transport, focusing on tailored solutions for client needs, including cargo pick-up, customs clearance, and delivery, offering a complete suite of logistics services. The company has five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. The company serves customers in confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment. As of March 31, 2025, the company has 25 commercial vehicles for various transportation needs. The company provides services in Telangana, Gujarat, Maharashtra, Rajasthan, Andhra Pradesh, Tamil Nadu, Delhi, Punjab, Karnataka, Uttar Pradesh, Madhya Pradesh, Odisha, and abroad in Africa, Singapore, and the UAE. As of March 31, 2025, the Company has 83 employees in various departments. Competitive Strength Well established relationship with clients. Leveraging the experience of the Promoters and Directors. Wide customer portfolio across different industry verticals. Wide range of logistics services. Domestic and Global Network coverage.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 76.34 | 42.12 | 29.28 | 38.80 |
| Total Income | 196.29 | 138.74 | 98.07 | 84.72 |
| Profit After Tax | 10.67 | 5.94 | 1.54 | 1.04 |
| EBITDA | 18.75 | 10.50 | 3.83 | 2.35 |
| NET Worth | 20.15 | 9.48 | 3.54 | |
| Reserves and Surplus | 12.15 | 7.48 | 1.54 | |
| Total Borrowing | 36.73 | 17.22 | 18.81 |
Key Ratios
EPS
₹13.34
NAV
₹25.19
ROE
72.02%
ROCE
30%
RoNW
52.95%
P/B Value
11.39
P/E Ratio
10.12
Market Cap
₹148.50 Cr
PAT Margin
5.44%
Debt/Equity
1.82
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Shree Vasu Logistics Limited | 27.87 | 9.77% | 220.33 | 2.72 |
| Shreeji Translogistics Ltd | 8.01 | 29.09% | 5.7 | 2.33 |
| Blue Water Logistics Limited This IPO | 25.19 | 52.95% | — | 13.34 |
Promoters
Laxmi Narayan Mishra, Lalit Panda, Madhusmita Mohanty and Supriya Mishra
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements by purchase of Vehicles and its body building 10.52 2 Funding working capital requirements of the Company 20.00 3 General Corporate Purposes 5.17 4 Issue Expenses 4.81 Total 40.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹98.07 Cr in the year ending 31 Mar 2023, rising to ₹138.74 Cr by 31 Mar 2024, and further increasing to ₹196.29 Cr by 31 Mar 2025. This shows a consistent growth in revenue over the periods analyzed.
Profit Trend
Profit After Tax was ₹1.54 Cr in the year ending 31 Mar 2023, increasing to ₹5.94 Cr by 31 Mar 2024, and further rising to ₹10.67 Cr by 31 Mar 2025. This indicates a positive trend in profitability across the reported periods.
Valuation
At the issue price of ₹135, Blue Water Logistics has an implied P/E ratio of 10.12 based on its EPS of ₹13.34. This is lower compared to peers like Shreeji Translogistics Ltd, which has a P/E of 5.7, and Shree Vasu Logistics Limited, which has a P/E of 220.33.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand and supply of the shares in the grey market before they are listed on the stock exchange. A positive GMP suggests that the shares may list at a higher price than the issue price, while a negative GMP indicates potential listing below the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid investing in IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on May 27, 2025, and closes on May 29, 2025. Allotment of shares will be finalized by May 30, 2025, with the shares expected to be listed on the stock exchange by June 3, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed, and investors should be aware of the risks involved, including market volatility and changes in investor sentiment.
This evaluation is generated from Blue Water Logistics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Blue Water Logistics IPO GMP today?
Blue Water Logistics IPO GMP today is +₹4.0 (2.96%), indicating an estimated listing price of ₹139. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Blue Water Logistics IPO?
The price band of Blue Water Logistics IPO is ₹132.0–₹135.0 per share.
When does Blue Water Logistics IPO open and close?
Blue Water Logistics IPO opens on 27 May 2025 and closes on 29 May 2025.
When does Blue Water Logistics IPO list on the stock exchange?
Blue Water Logistics IPO listed on 03 June 2025 at ₹139.0.
What is the lot size for Blue Water Logistics IPO?
The lot size for Blue Water Logistics IPO is 1000 shares, requiring a minimum investment of ₹135,000.
What is the price band for the IPO?
The price band for the IPO is ₹132.0 to ₹135.0.
What is the minimum investment required?
The minimum investment required is ₹135,000 for a lot size of 1,000 shares.
When does the IPO open and close?
The IPO opens on May 27, 2025, and closes on May 29, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on demand in the grey market.
When will the shares be listed?
The shares are expected to be listed on June 3, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 May 2025
Close
29 May 2025
Allotment
30 May 2025
Listing
03 Jun 2025
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