Blue Water Logistics Share Price Lists at 4% Premium on NSE SME

Market Performance

Blue Water Logistics' share price made a positive debut on the NSE SME platform on Tuesday, June 3. The shares were listed at ₹141 — marking a 4.44% premium over the IPO price of ₹135.

This listing price slightly outperformed the expectations indicated by the grey market, where the Grey Market Premium (GMP) was noted at ₹4 (2.96%) before listing.

Main News

Blue Water Logistics' initial public offering (IPO) received considerable interest from investors, resulting in a strong oversubscription.

Key IPO Details:

• Issue Size: ₹40.50 Crore
• IPO Price: ₹135 per share
• Listing Price: ₹141 per share
• Premium on Listing: 4.44%

The public offer opened for subscription between May 27 and May 29, and the shares were allotted entirely through a fresh issue of 30 lakh equity shares.

Category-Wise Subscription:

• Retail Investors: 6.55 times
• Qualified Institutional Buyers (QIB): 14.04 times
• Non-Institutional Investors (NII): 9.87 times
• Overall Subscription: 9.36 times

Retail investors were required to bid for at least 1,000 shares, translating to a minimum investment of ₹1,32,000.

Company Details

Founded in 2010, Blue Water Logistics is a full-service logistics and supply chain solutions company. It offers integrated services across freight forwarding, customs clearance, and transportation management.

Key Services:

• Project Logistics
• Supply chain management (SCM)
• Warehousing solutions

The company operates across air, sea, and land routes, providing end-to-end logistics — from cargo pick-up to final delivery. Blue Water Logistics aims to serve a diverse range of industrial clients with customized logistics solutions.

Utilization of IPO Proceeds

The proceeds from the IPO will be utilized for:

• Purchasing vehicles and body-building for capital expenditure
• Working capital requirements
• General corporate purposes

Smart Horizon Capital Advisors Private managed the IPO as the lead book-running manager, while Maashitla Securities acted as the registrar.

Summary

The Blue Water Logistics share price opened on a positive note, listing at a 4.44% premium on the NSE SME. With a total issue size of ₹40.50 Crore and strong investor response across categories, the company has successfully marked its entry into the stock market.

Operating since 2010, Blue Water Logistics provides tailored and end-to-end supply chain solutions across multiple transportation modes. The funds raised through the IPO are set to support the company's expansion and operational needs in the logistics space.