Blue Water Logistics sets IPO price band at Rs 132–135 per share; issue opens May 27
Multimodal transport services provider Blue Water Logistics announced on Saturday that it has fixed the price band for its upcoming initial public offering (IPO) at Rs 132–135 per share. The Rs 40.5-crore IPO will open for subscription on May 27 and close on May 29, the company said in a statement.The shares are set to be listed on the NSE Emerge platform. Investors can bid for a minimum of 1,000 equity shares and in multiples thereafter.The IPO comprises a fresh issue of up to 30 lakh equity shares. At the upper end of the price band, the company expects to raise approximately Rs 40.50 crore, PTI reported.Of the net proceeds, Blue Water Logistics plans to allocate Rs 10.51 crore towards capital expenditure and Rs 20 crore for meeting working capital requirements. The remaining funds will be used for general corporate purposes.Established in 2010, the company provides comprehensive logistics and supply chain services, including freight forwarding, customs clearance, and transportation handling. Its clientele spans a range of industries such as confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment.As of March 31, 2025, Blue Water Logistics owned 25 commercial vehicles and plans to acquire 20 more to expand its fleet.For the financial year 2024–25, the company reported a revenue from operations of Rs 196.18 crore and a profit after tax of Rs 10.67 crore.Smart Horizon Capital Advisors is acting as the sole book-running lead manager for the IPO, while Maashitla Securities is the registrar to the issue.
