Blue Water Logistics fixes IPO price band at ₹132-135; issue opens on May 27

The IPO will comprise a fresh issue of 30 Lakh Equity Shares with a face value of ₹10/- through the book-building route
| Photo Credit:
istock

The Initial Public Offering (IPO) of Blue Water Logistics Ltd, a multimodal transport operator, will open for subscription on May 27, 2025. 

The Hyderabad-based company intends to raise ₹40.50 crore from the offering and aims to be listed on the NSE Emerge platform. The price band for the issue has been fixed at ₹132–135 per share, and the lot size will be 1,000 equity shares. The anchor portion will be opened on Monday, May 26, 2025, and the issue will conclude on Thursday, May 29, 2025. 

30 Lakh Equity Shares

The IPO will comprise a fresh issue of 30 Lakh Equity Shares with a face value of ₹10/- through the book-building route. As many as 8,35,000 equity shares have been allocated for anchor portion, 1,56,000 equity shares for the market maker, 4,40,000 equity shares reserved for the Non-institutional Investors portion, 5,59,000 equity shares for Qualified Institutional Investors, and the Retail (RII) portion accounts for 10,10,000 equity shares. 

According to the RHP, the company intends to utilise ₹10.51 crore of the total IPO proceeds for funding of capital expenditure requirements for purchasing vehicles and their body building and ₹20 crore for funding working capital requirements of the company. The remaining capital will be used for general corporate purposes. 

Smart Horizon Capital Advisors Private Ltd is the sole Book Running Lead Manager and Maashitla Securities Private Ltd is the Registrar to the Issue.

Published on May 22, 2025

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