Blue Water Logistics IPO

Blue Water Logistics Ltd

₹1,32,000 /1000 sharesMinimum Investment

Blue Water Logistics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹135.00₹141.00₹6.00 (4.44%)

Blue Water Logistics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 May ‘25 - 29 May ‘25₹1,32,0001,000₹132 - ₹135
Issue SizeIPO Doc
40.50Cr
RHP PDF

Subscription rate

As of 29 May'25, 04:00 PM
Qualified Institutional Buyers10.05x
Non-Institutional Investor4.45x
Retail Individual Investor4.08x
Total5.40x

About Blue Water Logistics

Blue Water Logistics is engaged in providing logistics and supply chain solutions, including freight forwarding, customs clearance, and transportation handling services. The company is a registered multimodal transport operator under the Multimodal Transportation of Goods Act, 1993. Blue Water Logistics operates from its registered office in Hyderabad and has five branch offices located in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. It primarily serves customers involved in the import and export of various commodities across industries such as confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment. As of March 31, 2025, the company owned 25 commercial vehicles and plans to acquire 20 more. Blue Water Logistics operates across multiple Indian states and international markets, including Singapore and the United Arab Emirates (UAE).;
Founded in
2022
Managing director
Mr Lalit Panda
Parent organisation
Blue Water Logistics Ltd

Strengths & Financials of Blue Water Logistics

Strengths
Risks
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.
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 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.
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.

Blue Water Logistics Financials

*All values are in Rs. Cr
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Application Details of Blue Water Logistics IPO

Apply asPrice bandApply Range
Regular132 - 135₹2 - 5 Lakh
High Networth Individual132 - 135₹2 - 5 Lakh
For Blue Water Logistics IPO, eligible investors can apply as Regular.