Blue Water Logistics IPO - Day 3 Subscription at 9.36 Times

Blue Water Logistics's initial public offering (IPO) has shown remarkable progress through its three-day subscription period. The ₹40.50 crore IPO has witnessed strong demand, with subscription rates opening at 1.28 times on day one, rising to 2.35 times on day two, and reaching an impressive 9.36 times by 5:15:00 PM on the final day, demonstrating excellent investor enthusiasm for this logistics and supply chain solutions provider that offers comprehensive project logistics, supply chain management (SCM), and warehousing across air, sea, and land transport.

Blue Water Logistics IPO qualified institutional buyers segment leads with an outstanding 14.04 times subscription, while non-institutional investors show strong interest at 9.87 times and retail investors demonstrate solid participation at 6.55 times, reflecting broad-based investor confidence in this company that provides freight forwarding, custom clearance and transportation handling services through five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane.

Blue Water Logistics IPO subscription reaching impressive 9.36 times on the final day, led by QIB (14.04x), NII (9.87x) and Retail (6.55x). Check the details at 5paisa.
 

Subscription Status of Blue Water Logistics IPO:

Here are the subscription details for Blue Water Logistics IPO as of Day 3 (May 29, 2025, 5:15:00 PM):

Key Highlights - Day 3:

• Overall subscription reaching an impressive 9.36 times, showing remarkable acceleration from day two's 2.35 times
• QIB segment leading with exceptional demand at 14.04 times, dramatically up from day two's 3.31 times
• NII segment showing strong oversubscription at 9.87 times, significantly up from day two's 1.97 times
• Retail investors demonstrating solid interest at 6.55 times, more than triple day two's 1.99 times
• Total applications reached 7,046, indicating substantial investor participation
• The cumulative bid amount reached an impressive ₹253.91 crores, more than 6 times the issue size
• Final day demonstrating exceptional institutional confidence in the logistics sector growth
• QIB leadership reflects a strong institutional investor belief in the supply chain solutions market
• All investor categories showing substantial oversubscription, reflecting broad-based confidence in the logistics industry

Blue Water Logistics IPO - Day 2 Subscription at 2.35 Times

Key Highlights - Day 2:

• Overall subscription rising to 2.35 times, showing growth from day one's 1.28 times
• QIB segment showing increased interest at 3.31 times, up from day one's 1.98 times
• Retail investors showing improved participation at 1.99 times, significantly up from day one's 0.59 times
• NII segment maintaining steady interest at 1.97 times, consistent with day one's 1.99 times
• Second day momentum indicates growing investor confidence in lthe ogistics sector
• Supply chain solutions expertise attracting increased investor attention
• Second day setting the foundation for a strong final day acceleration

Blue Water Logistics IPO - Day 1 Subscription at 1.28 Times

Key Highlights - Day 1:

• Overall subscription opening at 1.28 times, showing solid first-day interest
• QIB and NII segments both began strongly at around 1.98-1.99 times, indicating early institutional confidence
• Retail investors showing initial interest at 0.59 times on day one
• Opening day demonstrates good investor engagement across institutional categories
• Initial momentum reflecting positive assessment of logistics and supply chain sector opportunity
• Freight forwarding and logistics expertise drawing initial investor attention
• First day,s etting a strong foundation for subsequent growth

About Blue Water Logistics IPO

Incorporated in April 2010, Blue Water Logistics Ltd provides logistics and supply chain solutions. The company's primary services include freight forwarding, customs clearance and transportation handling services. The company provides comprehensive project logistics, supply chain management (SCM), and warehousing across air, sea, and land transport, focusing on tailored solutions for client needs.

The company has five branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, serving customers in confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment. As of March 31, 2025, the company has 25 commercial vehicles for various transportation needs and 83 employees in various departments.

Financial performance shows impressive growth with revenue increasing from ₹84.72 crores in FY2022 to ₹138.74 crores in FY2024, and further to ₹196.29 crores in FY2025, while profit after tax rose from ₹1.04 crores to ₹5.94 crores in FY2024, and surged to ₹10.67 crores in FY2025. The company maintains strong profitability metrics with 72.02% ROE and 52.95% RONW.

Highlights of the Blue Water Logistics IPO:

• IPO type: Book Building IPO
• IPO size: ₹40.50 crores
• Fresh Issue: 30.00 lakh shares
• Face value: ₹10 per share
• Issue price: ₹135 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,35,000
• Minimum investment for HNI: ₹2,70,000 (2 lots)
• Market maker reservation: 1,56,000 shares
• Listing at: NSE SME
• IPO opens: May 27, 2025