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BLT Logistics IPO
BLT Logistics Ltd
₹1,13,600 /1600 sharesMinimum Investment
BLT Logistics IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹75.00 | ₹90.95 | ₹15.95 (21.27%) |
BLT Logistics IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 4 Aug ‘25 - 6 Aug ‘25 | ₹2,27,200 | 1,600 | ₹71 - ₹75 |
| Issue Size | IPO Doc |
|---|---|
| 9.72Cr | RHP PDF |
Subscription rate
As of 06 Aug'25, 05:00 PM
| Qualified Institutional Buyers | 81.80x |
| Non-Institutional Investor | 1,017.03x |
| Retail Individual Investor | 627.92x |
| Total | 361.69x |
About BLT Logistics
Founded in
2011
Managing director
Mr Krishan Kumar
Parent organisation
BLT Logistics Ltd
Strengths & Financials of BLT Logistics
Strengths
Risks
BLT Logistics claims to have built a strong foundation over the years by addressing the growing demand for efficient logistics solutions. The company further states that it has established a significant market presence through long-standing customer relationships, which have helped drive growth and maintain service quality. Its diverse client base, including industries such as electronics, retail, and food, and multinational corporations (MNCs), has contributed to its cost efficiencies and competitive position.
The company claims to have developed strong and enduring relationships with its clients. It claims to have served a diverse customer base of over 200 in FY24. BLT Logistics focuses on customer satisfaction, which has allowed it to retain clients for extended periods. This long-term trust has been a key factor in expanding its business and enhancing its competitive edge.
BLT Logistics claims to offer a broad spectrum of services, including second-party logistics (2PL) services such as freight management and third-party logistics (3PL) services like warehousing and distribution. The company further claims to provide tailored solutions that address the unique needs of clients across various industries.
The company is ISO 9001:2015 certified for its quality management systems.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 20.94 crore (standalone) in FY22 to Rs 31.03 crore (standalone) in FY23 and Rs 40.34 crore (consolidated) in FY24. PAT increased from Rs 0.14 crore (standalone) in FY22 to Rs 1.35 crore (standalone) in FY23 and Rs 3.13 crore (consolidated) in FY24.
The top three customers accounted for 36.43 percent of the company’s revenue in FY24, 32.59 percent in FY23, and 23.71 percent in FY22. Furthermore, the top customer alone accounted for 16.72 percent of the company’s revenue in FY24, 18.54 percent in FY23, and 9.28 percent in FY22. 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.
The top three suppliers accounted for 44.32 percent of the company’s total purchases in FY24, 38.94 percent in FY23, and 29.11 percent in FY22. Furthermore, the top supplier alone accounted for 22.65 percent of the company’s total purchases in FY24, 20.70 percent in FY23, and 23.68 percent in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
A significant portion of the company’s revenue is derived from Maharashtra. It accounted for Rs 18.88 crore (47.53 percent) of the company’s revenue in FY24, Rs 16 crore (51.55 percent) in FY23, and Rs 10.02 crore (47.83 percent) in FY22. Any adverse political, social, or economic developments in this region could harm the company’s business, results of operations, and financial condition.
The company reported negative cash flow from investing activities amounting to Rs 5.13 crore in FY24, Rs 1.64 crore in FY23, and Rs 3.52 crore in FY22. Additionally, negative cash flow from financing activities amounted to Rs 2.03 crore in FY23. The company also reported a net change in cash flow amounting to Rs 0.15 crore in FY23 and Rs 0.15 crore in FY22. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company and its subsidiary are involved in certain ongoing tax-related legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Cost of operating expenses accounted for Rs 30.54 crore (76.90 percent) of the company’s revenue in FY24, Rs 24.69 crore (79.57 percent) in FY23, and Rs 16.69 crore (79.70 percent) in FY22. Any inability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing, could adversely affect the company’s profitability.
As of FY24, the company had outstanding financial indebtedness amounting to Rs 12.02 crore (consolidated). Any failure to service or repay these loans on time could harm the company’s operations and financial position.
BLT Logistics Financials
*All values are in Rs. Cr
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Application Details of BLT Logistics IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹71 - 75 | ₹2 - 5 Lakh |
| High Networth Individual | ₹71 - 75 | ₹2 - 5 Lakh |
For BLT Logistics IPO, eligible investors can apply as Regular.