Blue Water Logistics Limited - IPO
SMEBlue Water Logistics IPO Details
Open Date
27 May 2025
Close Date
29 May 2025
Listing Date
03 Jun 2025
Issue Price
₹132 - ₹135
Face Value
₹10 per share
Lot Size
1000
GMP
₹0
Issue Type
IPO
Listing On
NSE
Type
Book Built Issue
Share holding pre issue
8000000
Share holding post issue
11000000
Total Issue Size
30,00,000 shares (aggregating up to ₹40.50 Cr)
Fresh Issue
30,00,000 shares (aggregating up to ₹40.50 Cr)
Offer for Sale
-Blue Water Logistics IPO Subscription
Blue Water Logistics IPO Application Wise Breakup
Blue Water Logistics IPO Dates
- 27 May 2025Opening dateOPD
- 29 May 2025Closing dateCOD
- 30 May 2025Basis of AllotmentBOA
- 02 Jun 2025Initiation of RefundsIOR
- 02 Jun 2025Credit of SharesCOS
- 03 Jun 2025Listing dateLID
Blue Water Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1000 | ₹135,000 |
| Retain Maximum | 1 | 1000 | ₹135,000 |
| HNI Minimum | 2 | 2000 | ₹270,000 |
Blue Water Logistics IPO Reservation
Promoter Holding
Pre Issue:95.62%
Post Issue:69.55%
Promoter Names:
Mr. Laxmi Narayan Mishra, Mr. Lalit Panda, Ms. Madhusmita Mohanty, Ms. Supriya Mishra
Blue Water Logistics IPO Valuations
ROE:72.02%
ROCE:0.30
DEBT/EQUITY:1.82
RONW:52.95%
PAT MARGIN:5.44
PRICE TO BOOK VALUE:11.39
EPS Pre IPO:13.34
EPS Post IPO:9.70
P/E Pre IPO:10.12
P/E Post IPO:13.92
Blue Water Logistics Limited Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 76.34 | 42.12 | 29.28 | 38.80 |
| Revenue | 196.29 | 138.74 | 98.07 | 84.72 |
| Profit After Tax | 10.67 | 5.94 | 1.54 | 1.04 |
| Net Worth | 20.15 | 9.48 | 3.54 | 0.00 |
| Reserves and Surplus | 12.15 | 7.48 | 1.54 | 0.00 |
| Total Borrowing | 36.73 | 17.22 | 18.81 | 0.00 |
| Amount in ₹ Crore | ||||
About Blue Water Logistics IPO
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.
Strength Of Blue Water Logistics IPO
- Blue Water Logistics claims to offer an integrated suite of services, including ocean freight forwarding, customs clearance, domestic transportation, and value-added services like fumigation and container handling. The company claims its end-to-end logistics capabilities are designed to optimise client supply chains by enhancing efficiency and reducing operational costs.
- The company claims to have served clients across a wide spectrum of industries, including chemicals, confectionery, pharmaceuticals, textiles, and agriculture. It also claims to have added 211, 209, and 143 new customers in FY25, FY24, and FY23, respectively.
- The company claims to operate through a network of agents in overseas locations and provides cross-country logistics services. The company claims its geographic spread across India and selected international markets allows it to cater to a broader customer base.
- The company is ISO 9001:2015 certified for quality management systems and has also received a certificate of accreditation from the International Air Transport Association (IATA).
- The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 97.98 crore in FY23 to Rs 138.67 crore in FY234 and Rs 196.18 crore in FY25. PAT increased Rs 1.54 crore in FY23 to Rs 5.94 crore in FY24 and Rs 10.67 crore in FY25.
Risk Of Blue Water Logistics IPO
- A significant portion of the company’s revenue comes from its ocean freight services. It accounted for Rs 162.89 crore (83.03 percent) of total revenue in FY25, Rs 105.75 crore (76.26 percent) in FY24, and Rs 154.00 crore (84.32 percent) in FY23. Any disruption in this sphere of operations can adversely impact the company’s business and finances.
- The company relies heavily on third-party service providers, including shipping partners, freight forwarders, port operators, and overseas agents, for critical parts of its logistics chain. Any adverse disruption in their services may hamper the company’s ability to execute shipments efficiently and could negatively affect customer relationships and overall operational performance.
- The top five suppliers accounted for Rs 107.95 crore (68.08 percent) of the company’s total purchases in FY25, Rs 86.80 crore (73.40 percent) in FY24, and Rs 126.44 crore (77.60 percent) in FY23. Any failure to retain these key suppliers, maintain existing relationships, or secure comparable alternatives on similar terms can adversely affect the company’s supply continuity, service delivery, and financial condition.
- The top five customers accounted for Rs 82.42 crore (42.01 percent) of the company’s total revenue in FY25, Rs 55.86 crore (40.28 percent) in FY24, and Rs 53.38 crore (29.22 percent) in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
- A substantial portion of the company’s revenue comes from Telangana. It accounted for Rs 79.88 crore (41.22 percent) of the company’s revenue in FY25, Rs 65.51 crore (47.93 percent) in FY24, and Rs 89.04 crore (54.09 percent) in FY23. Any adverse business developments in this region can negatively impact the company’s revenue and overall business performance.
- The company, its directors, promoters, group companies, and key management personnel are involved in certain outstanding litigation, including tax proceedings and civil cases. Any adverse outcomes in these matters could negatively impact the company’s business, reputation, financial condition, and results of operations.
- The company reported negative cash flow from investing activities amounting to Rs 5.25 crore in FY25, Rs 1.76 crore in FY24, Rs 1.14 crore in FY23, and Rs 0.71 crore in the period ended August 31, 2022. Additionally, negative cash flow from operating activities amounted to Rs 11.47 crore in FY25. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
- A substantial portion of the company’s revenue comes from freight forwarding companies. They accounted for Rs 70.16 crore (35.77 percent) of the company’s total revenue in FY25, Rs 47.61 crore (34.33 percent) in FY24, and Rs 42.76 crore (23.41 percent) in FY23. Any adverse developments affecting this industry could negatively impact the company’s business, financial condition, and results of operations.
- As of FY25, the company has outstanding financial indebtedness of Rs 36.73 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Objectives Blue Water Logistics IPO
1. Funding of capital expenditure requirements by purchase of Vehicles and its body building
2. Funding working capital requirements of the Company
3. General corporate purposes
Company Contact Details
Blue Water Logistics Limited
H. No. 8-2-270/B/1/2, Block-3, 4th Floor Uptown Banjara, Road No. 3, Banjara Hills, Hyderabad, Telangana 500034, India
Phone: +91 8341101774
Email: investors@bwl.co.in
Website: https://bwl.co.in/
Registrar Contact Details
Name: Maashitla Securities Private Limited
Phone: +91-11-45121795, +91-11-45121796
Email: ipo@maashitla.com
Lead Mangers
Smart Horizon Capital Advisors Private Limited
Market Maker
Shreni Shares