Blue Water Logistics Limited, a Hyderabad-based logistics and supply chain solutions provider, has filed for an Blue Water Logistics Limited IPO to be listed on the NSE EMERGE platform. While specific dates and pricing details are yet to be finalized, here’s an overview of the available information:
Blue Water Logistics Limited IPO Timeline
- IPO Open Date: May 27, 2025
- IPO Close Date: May 29, 2025
- Basis of Allotment: May 30, 2025
- Refunds Initiation: Jun 2, 2025
- Credit to Demat Accounts: Jun 2, 2025
- Listing Date: Jun 3, 2025
IPO Overview
- Issue Size: Up to 30,00,000 equity shares of face value ₹10 each
- Issue Type: Book Built Issue
- Listing Exchange: NSE EMERGE
- Price Band: ₹132 to ₹135 per share
- Lot Size: 1,000 Shares
- Lead Manager: Smart Horizon Capital Advisors Private Limited
- Registrar: Maashitla Securities Private Limited
- Face Value: ₹10 per share
Promoters of Blue Water Logistics Limited
Blue Water Logistics Limited is promoted by four individuals who have played significant roles in the company’s establishment and growth. Their diverse backgrounds and experiences have been instrumental in shaping the company’s operations and strategic direction.
1. Mr. Laxmi Narayan Mishra
- Age: 51 years
- Designation: Chairman and Whole-Time Director
- Educational Background: Bachelor of Commerce from Utkal University (1994)
Professional Experience:
- Senior Executive in Accounts at GAC Shipping (India) Pvt. Ltd. (2004–2006)
- General Manager – South Region at Marinetrans India Pvt. Ltd.
Role in Company:
- Co-founded M/s Blue Water Logistics in 2010 with Mr. Lalit Panda
- Appointed as Director on April 8, 2024
- Redesignated as Chairman and Whole-Time Director on July 26, 2024, for a five-year term
- Oversees financial operations, branch management, budget planning, and day-to-day operations
2. Mr. Lalit Panda
- Age: 41 years
- Designation: Managing Director
- Educational Background: Completed secondary education from CBSE Board (1998)
Professional Experience:
- Co-founder of M/s Blue Water Logistics in 2010
- Over 7 years of experience in the logistics industry through the partnership firm
Role in Company:
- Appointed as Director on April 8, 2024
- Redesignated as Managing Director on July 26, 2024, for a five-year term
3. Mrs. Madhusmita Mohanty
- Age: 41 years
- Designation: Whole-Time Director
Educational Background:
- Bachelor of Science
- Diploma in Master of Science in Zoology from North Orissa University (2005–2006)
Professional Experience:
- Joined M/s Blue Water Logistics as a partner in 2017
- Over 7 years of cumulative experience in the logistics industry
Role in Company:
- Appointed as one of the first directors of the company
- Redesignated as Whole-Time Director on July 26, 2024
- Manages human resources, branch administration, and daily operational affairs
4. Mrs. Supriya Mishra
- Age: 47 years
- Designation: Non-Executive Non-Independent Director
- Educational Background: Bachelor of Arts from Utkal University (1997)
Professional Experience:
- Joined M/s Blue Water Logistics as a partner in 2017
- Over 7 years of cumulative experience in the logistics industry
Role in Company:
- Appointed as one of the first directors of the company
- Redesignated as Non-Executive Non-Independent Director on July 26, 2024
- Provides expertise and guidance to enhance the company’s capabilities
These promoters have collectively contributed to the foundation and expansion of Blue Water Logistics Limited, leveraging their individual expertise to drive the company’s success in the logistics and supply chain industry.
Blue Water Logistics Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 1,000 | ₹1,35,000 |
| Retail (Maximum) | 1 | 1,000 | ₹1,35,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,70,000 |
Blue Water Logistics Limited IPO Promoter Holding
| Shareholding Stage | Promoter Holding |
|---|---|
| Pre-Issue | 95.62% |
| Post-Issue | 0.00% |
About Blue Water Logistics Limited
Blue Water Logistics Limited is a Hyderabad-based logistics company specializing in comprehensive, end-to-end supply chain solutions across sea, air, and land.
Established in 2010, the company has evolved from a Customs House Agent and freight forwarding firm into a diversified logistics provider with a strong national presence.
Company Overview
- Founded: April 2010
- Headquarters: Banjara Hills, Hyderabad, Telangana
- Corporate Identity Number (CIN): U63030TG2022PLC165815
- Company Type: Public Unlisted Indian Non-Government Company
- Authorized Share Capital: ₹12.5 crore
- Paid-up Capital: ₹8 crore
- Company Status: Active
- Website: bwl.co.in
Services Offered
Blue Water Logistics provides a wide array of logistics and supply chain services, including:
- Freight Forwarding: Handling shipments via sea, air, and land.
- Customs Clearance: Acting as a Customs House Agent (CHA) to facilitate smooth import/export processes.
- ISO Tank Container Logistics: Specializing in the safe transport of bulk liquids, including chemicals and food-grade products.
- Ocean Freight: Offering cost-effective solutions for bulk transport across international waters.
- Surface and Railway Freight: Providing door-to-door transport solutions using a fleet of vehicles and rail networks.
- Air Freight: Handling time-sensitive and high-value shipments with comprehensive air freight solutions.
- Warehousing and Distribution: Offering storage solutions and efficient distribution services.
- Project Logistics: Managing complex logistics projects with customized solutions.
The company owns and operates a fleet of trucks and trailers, ensuring efficient cargo pickup, customs verification, and transportation to ports for loading onto vessels.
Operational Footprint
Blue Water Logistics has established a robust presence across India, with branches in:
- Hyderabad (Head Office)
- Visakhapatnam
- Jaipur
- Chennai
- Delhi
- Mumbai
- Krishnapatnam
This extensive network enables the company to cater to a diverse clientele across various industries, including confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment.
Company Financials
| Period Ended | Revenue | Profit After Tax | Assets | Net Worth | Total Debt |
|---|---|---|---|---|---|
| 2022 | ₹158.50 | ₹2.44 | ₹41.70 | ₹8.80 | ₹17.48 |
| 2023 | ₹98.07 | ₹1.54 | ₹29.28 | ₹3.54 | ₹18.81 |
| 2024 | ₹138.74 | ₹5.94 | ₹42.12 | ₹9.48 | ₹17.22 |
| Sep 2024 | ₹81.34 | ₹3.43 | ₹50.93 | ₹12.91 | ₹28.92 |
Key Financial Ratios (2024)
- Earnings Per Share (EPS): ₹7.43 (Basic)
- Return on Net Worth (RoNW): 62.66%
- EBITDA Margin: 7.57%
- PAT Margin: 4.28%
- Debt to Equity Ratio: 1.82
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPIs) for Blue Water Logistics Limited as presented in their Draft Red Herring Prospectus (DRHP), which help assess the company’s financial health and operational performance:
| KPI | 2022 | 2023 | 2024 | 2025 (Sep 2024) |
|---|---|---|---|---|
| Revenue from Operations (₹ Cr) | 158.50 | 98.07 | 138.74 | 81.34 |
| Profit After Tax (₹ Cr) | 2.44 | 1.54 | 5.94 | 3.43 |
| Earnings Per Share (EPS) | – | – | ₹7.43 | ₹4.29 |
| Return on Net Worth (RoNW) | – | – | 62.66% | 26.57% |
| Net Worth (₹ Cr) | 8.80 | 3.54 | 9.48 | 12.91 |
| Total Assets (₹ Cr) | 41.70 | 29.28 | 42.12 | 50.93 |
| Total Debt (₹ Cr) | 17.48 | 18.81 | 17.22 | 28.92 |
| Debt to Equity Ratio | – | – | 1.82 | 2.24 |
| EBITDA Margin | – | – | 7.57% | 8.40% |
| PAT Margin | – | – | 4.28% | 4.22% |
Notes:
- EPS is calculated based on post-bonus equity capital.
- RoNW indicates the efficiency of the company in generating profits from shareholders’ equity.
- Debt to Equity Ratio shows financial leverage; a rising value indicates increasing reliance on debt.
- The KPIs for FY2024 and H1 FY2025 reflect significant growth in profitability and financial position.
Objects of the IPO Issue
| # | Purpose | Estimated Amount (₹ Crores) |
|---|---|---|
| 1️⃣ | Working Capital Requirements | 15.00 |
| 2️⃣ | Repayment and/or Prepayment of Certain Borrowings | 10.00 |
| 3️⃣ | General Corporate Purposes | To be determined based on balance |
| 4️⃣ | Issue Expenses | Included in total issue size |
Explanation of Each Objective:
1) Working Capital Requirements:
- To support the company’s growing operations, including logistics, transportation, warehousing, and increased trade volumes.
2) Repayment/Prepayment of Loans:
- To reduce the interest burden and improve the company’s debt-equity ratio by clearing part of its existing borrowings.
3) General Corporate Purposes:
- To be used for brand building, technology upgradation, business expansion, and other strategic initiatives.
4) Issue Expenses:
- Includes fees for merchant bankers, legal advisors, registrars, auditors, and other administrative costs related to the IPO.
These objectives are aimed at strengthening the financial health of Blue Water Logistics Limited and supporting its long-term growth strategy.
Strengths of Blue Water Logistics Limited IPO
- Diverse Service Portfolio: Blue Water Logistics offers a comprehensive range of logistics services, including ISO tank container logistics, ocean freight, surface and railway freight, air freight, customs clearance, and warehousing. This diversification enables the company to cater to various client needs and reduces dependency on a single revenue stream.
- Experienced Promoters and Management: The company is led by promoters with substantial experience in the logistics industry. Their expertise and leadership have been instrumental in the company’s growth and operational efficiency.
- Strategic Geographic Presence: With branches in key Indian cities such as Hyderabad, Visakhapatnam, Jaipur, Chennai, Delhi, Mumbai, and Krishnapatnam, the company is well-positioned to serve a broad client base across the country.
- Established Client Relationships: Blue Water Logistics has developed long-term relationships with clients across various industries, including confectionery, chemicals, crockery, natural stones, textiles, electronics, and fitness equipment. These relationships contribute to recurring business and revenue stability.
- Asset Ownership: The company owns and operates a fleet of trucks and trailers, providing greater control over logistics operations and potentially leading to cost efficiencies.
Risks of Blue Water Logistics Limited IPO
- High Debt Levels: As of September 2024, the company has a total borrowing of ₹28.92 crore. High debt levels can lead to increased financial risk, especially if cash flows are insufficient to meet debt obligations.
- Intense Competition: The logistics industry in India is highly competitive, with numerous organized and unorganized players. This competition can impact pricing, margins, and market share.
- Dependence on Key Clients: A significant portion of the company’s revenue may be derived from a few key clients. Loss of any major client could adversely affect the company’s financial performance.
- Regulatory Compliance: The logistics sector is subject to various regulations and compliance requirements. Changes in government policies, tax laws, or regulatory frameworks can impact operations and profitability.
- Operational Risks: The company is exposed to risks related to transportation, such as accidents, delays, and damage to goods. Additionally, factors like fuel price volatility and labor issues can affect operational efficiency.
- Economic Sensitivity: The company’s performance is linked to the overall economic environment. Economic downturns can lead to reduced demand for logistics services, affecting revenue and profitability.
Investors should carefully consider these strengths and risks before making investment decisions related to the Blue Water Logistics Limited IPO.
Blue Water Logistics Limited IPO Contact Details
Here are the contact details of Blue Water Logistics Limited as per the Draft Red Herring Prospectus (DRHP):
📞 Blue Water Logistics Limited – Registered Office
- Address:
H.No. 8-2-686/DR/6 & 7, Road No. 12,
Sri Durga Residency, Banjara Hills,
Hyderabad – 500034, Telangana, India - Phone:
📱 +91 77993 33002 - Email:
📧 cs@bluewaterlogistics.in - Website:
🌐 www.bwl.co.in - CIN (Corporate Identification Number):
U63030TG2022PLC165815
📩 IPO-Related Queries
📋 Registrar to the Issue
Maashitla Securities Private Limited
- Address:
Regd. Office: 15/1, Okhla Industrial Estate, Phase-II, New Delhi – 110020 - Phone: 📞 +91 11 4512 0500
- Email: 📧 info@maashitla.com
- Website: 🌐 www.maashitla.com
Blue Water Logistics Limited IPO Registrar
🏢 Maashitla Securities Private Limited
- SEBI Registration No.: INR000004370
- Address:
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura,
Delhi – 110034, India - Phone: +91-11-45121795
- Email: 📧 ipo@maashitla.com
- Website: 🌐 www.maashitla.com
Maashitla Securities Private Limited will handle all IPO-related processes for Blue Water Logistics Limited, including application processing, allotment, refunds, and investor grievance redressal.
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