Blue Water Logistics IPO booked 9x; check allotment status, GMP, listing

Investors can check Blue Water Logistics IPO allotment status on the official websites of NSE and Maashitla Securities

Blue Water Logistics IPO allotment status: The basis of allotment of Blue Water Logistics is expected to be finalised today Friday, May 30, 2025. The initial public offering (IPO) closed for bidding on Thursday, May 29, 2025, receiving a decent response from investors. The issue was oversubscribed 9.4 times, driven primarily by demand from qualified institutional buyers (QIBs), who subscribed to their reserved quota 14.04 times. This was followed by retail investors at 9.87 times and non-institutional investors (NIIs) at 6.55 times.

 

Once the allotment is finalised, investors can check their status on the official websites of NSE and Maashitla Securities, the registrar for the IPO. Alternatively, investors can also follow the direct links given below to check the Blue Water Logistics IPO allotment status online:

Check Blue Water Logistics IPO allotment status on NSE:

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Check Blue Water Logistics IPO allotment status on Maashitla Securities:

https://maashitla.com/allotment-status/public-issues

Blue Water Logistics IPO GMP

On Friday, the unlisted shares of Blue Water Logistics were trading flat at ₹135, the upper price band, according to sources tracking unofficial market activities. 

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Blue Water Logistics IPO details

Blue Water Logistics aims to raise ₹40.5 crore through the SME public offering comprising a fresh issue of 3 million equity shares. There is no offer for sale (OFS) component. According to the red herring prospectus (RHP), shares of Blue Water Logistics will be listed on the NSE SME platform tentatively on Tuesday, June 3, 2025. 

 

The company has set the price band in the range of ₹132 to ₹135 per equity share. Retail investors would require a minimum investment amount of ₹1,32,000 to subscribe for a minimum of one lot comprising 1,000 shares. High-net-worth individuals (HNIs) can bid for a minimum of two lots consisting of 2,000 shares with a minimum investment amount of ₹2,70,000. 

 

Maashitla Securities serves as the registrar for the issue. Smart Horizon Capital Advisors is the sole book-running lead manager. 

 

According to the RHP, from the net issue proceeds, the company plans to utilise ₹10.5 crore to meet capital expenditure requirements for purchase of vehicles and their body building. In addition, ₹20 crore will be used to meet working capital requirements and the remaining funds will be used for general corporate purposes.

About Blue Water Logistics

Hyderabad-based Blue Water Logistics is engaged in the business of providing logistics and supply chain solutions. Its key services include freight forwarding, customs clearance, and transportation handling services. It is a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993 to carry on the business of multimodal transportation. The company operates through five branch offices situated in the cities of Chennai, Delhi, Jaipur, Visakhapatnam and Thane. As of March 31, 2025, the company owns 25 commercial vehicles used for diverse transportation purposes.