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Blue Water Logistics IPO
Blue Water Logistics Ltd
₹1,32,000 /1000 sharesMinimum Investment
Blue Water Logistics IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹135.00 | ₹141.00 | ₹6.00 (4.44%) |
Blue Water Logistics IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 May ‘25 - 29 May ‘25 | ₹1,32,000 | 1,000 | ₹132 - ₹135 |
| Issue Size | IPO Doc |
|---|---|
| 40.50Cr | RHP PDF |
Subscription rate
As of 29 May'25, 04:00 PM
| Qualified Institutional Buyers | 10.05x |
| Non-Institutional Investor | 4.45x |
| Retail Individual Investor | 4.08x |
| Total | 5.40x |
About Blue Water Logistics
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
No Graph Data To Display
Application Details of Blue Water Logistics IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹132 - 135 | ₹2 - 5 Lakh |
| High Networth Individual | ₹132 - 135 | ₹2 - 5 Lakh |
For Blue Water Logistics IPO, eligible investors can apply as Regular.