31 Mar 2022
Assets38.80
Total Income84.72
EBITDA2.35
Profit After Tax1.04
At a glance
Updated 2026-09-12The shares listed at ₹141.00, a 4.44% move from the issue price. Blue Water Logistics is a SME IPO with an issue size of ₹40.50 crore, proposed for listing on NSE SME. The offer opens on 27th May 2025 and closes on 29th May 2025. The issue structure includes a fresh issue of ₹38.39 crore. The current listing schedule points to 3rd Jun 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹40.50 Cr
Fresh issue₹38.39 Cr
Face value₹10
Price band₹132.00–₹135.00
Allotment30th May 2025
Listing3rd Jun 2025
Listing performance
Full performance ↗Issue price₹135.00
Listing price₹141.00
Current price—
Listing gain4.44%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹4.00
GMP / upper price2.96%
Est. listing₹139.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens27th May 2025
Closes29th May 2025
Allotment30th May 2025
Refund2nd Jun 2025
Demat2nd Jun 2025
Listing3rd Jun 2025
Subscription demand
Full bidding ↗Total9.36×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1000 | ₹135,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of capital expenditure requirements by purchase of Vehicles and its body building | ₹10.52 Cr |
| Funding working capital requirements of the Company | ₹20.00 Cr |
| General Corporate Purposes | ₹5.17 Cr |
| Issue Expenses | ₹4.81 Cr |
| Total | ₹40.50 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue196.29₹ Cr · +41.5% vs prior year
EBITDA18.75₹ Cr · +78.6% vs prior year
PAT10.67₹ Cr · +79.6% vs prior year
Assets76.34₹ Cr · +81.2% vs prior year
Net Worth20.15₹ Cr · +112.6% vs prior year
Borrowing36.73₹ Cr · +113.3% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets29.28
Total Income98.07
EBITDA3.83
Profit After Tax1.54
NET Worth3.54
Reserves and Surplus1.54
Total Borrowing18.81
31 Mar 2024
Assets42.12
Total Income138.74
EBITDA10.50
Profit After Tax5.94
NET Worth9.48
Reserves and Surplus7.48
Total Borrowing17.22
31 Mar 2025
Assets76.34
Total Income196.29
EBITDA18.75
Profit After Tax10.67
NET Worth20.15
Reserves and Surplus12.15
Total Borrowing36.73
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 72.02% |
| ROCE | 30% |
| Debt / Equity | 1.82% |
| RoNW | 52.95% |
| PAT Margin | 5.44% |
| EBITDA Margin | 9.56% |
| Price to Book Value | 11.39 |
Valuation & shareholding
Pre-IPO EPS13.34
Post-IPO EPS9.70
Pre-IPO P/E10.12
Post-IPO P/E13.92
Promoter holding pre95.62%
Promoter holding post69.55%
Market cap₹148.50 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Blue Water Logistics IPO | — | 13.92 x | — | — |
| Sampark India IPO | — | 11.86 x | — | — |
| Global Ocean IPO | — | 16.53 x | — | — |
| Neptune Logitek IPO | — | 17.90 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding of capital expenditure requirements by purchase of Vehicles and its body building | ₹10.52 Cr |
| Funding working capital requirements of the Company | ₹20.00 Cr |
| General Corporate Purposes | ₹5.17 Cr |
| Issue Expenses | ₹4.81 Cr |
| Total | ₹40.50 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Smart Horizon Capital Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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