Blue Water Logistics IPO allotment: Here's how you can check status
Blue Water Logistics' Rs 40.5 crore SME IPO saw a robust subscription of 9.36 times, with strong interest from retail, NII, and QIB investors. Despite this, the GMP is zero, suggesting a listing at par with the issue price of Rs 135.
By ETMarkets.com |
ANI
The allotment for Blue Water Logistics’ Rs 40.5 crore SME IPO will be finalised today. The IPO, which was open for bidding from May 27 to May 29, received healthy demand with an overall subscription of 9.36 times.
Retail investors subscribed 6.55 times their quota, while the non-institutional investor (NII) portion was subscribed 9.87 times. The QIB segment saw robust participation as well, with a 14.04 times subscription.
Despite the strong subscription, the grey market premium (GMP) remains at zero, suggesting that the stock is likely to list at par with its issue price of Rs 135 per share. This reflects cautious optimism ahead of the listing. Shares are expected to be credited to demat accounts by June 2, and the listing is scheduled for June 3 on the NSE SME platform.
How to check Blue Water Logistics IPO allotment via Maashitla
Visit: https://www.maashitla.com/ipo.aspx
Select 'Blue Water Logistics' from the dropdown
Click ‘Submit’ to view your allotment status
Blue Water Logistics is engaged in freight forwarding, customs clearance, warehousing, and transportation services. The company operates through a network of five key branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, offering integrated supply chain solutions to its clients.
The IPO was entirely a fresh issue of 30 lakh shares priced in a band of Rs 132–135. The proceeds from the issue will be used to fund capital expenditure, including the purchase of commercial vehicles, meet working capital needs, and for general corporate purposes.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Retail investors subscribed 6.55 times their quota, while the non-institutional investor (NII) portion was subscribed 9.87 times. The QIB segment saw robust participation as well, with a 14.04 times subscription.
Despite the strong subscription, the grey market premium (GMP) remains at zero, suggesting that the stock is likely to list at par with its issue price of Rs 135 per share. This reflects cautious optimism ahead of the listing. Shares are expected to be credited to demat accounts by June 2, and the listing is scheduled for June 3 on the NSE SME platform.
How to check Blue Water Logistics IPO allotment via Maashitla
Visit: https://www.maashitla.com/ipo.aspx
Select 'Blue Water Logistics' from the dropdown
ADVERTISEMENT
Enter your PAN, application number, or DP/Client IDClick ‘Submit’ to view your allotment status
Blue Water Logistics is engaged in freight forwarding, customs clearance, warehousing, and transportation services. The company operates through a network of five key branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, offering integrated supply chain solutions to its clients.
The IPO was entirely a fresh issue of 30 lakh shares priced in a band of Rs 132–135. The proceeds from the issue will be used to fund capital expenditure, including the purchase of commercial vehicles, meet working capital needs, and for general corporate purposes.
ADVERTISEMENT
Financially, the company's revenue increased from Rs 98 crore in FY23 to Rs 196 crore in FY25, while net profit jumped from Rs 1.54 crore to Rs 10.67 crore in the same period, indicating a strong earnings momentum going into its market debut.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Blue Water Logistics IPO subscribed over 9 times on Day 3: Check GMP, price band and other detailsADVERTISEMENT
