Blue Water Logistics Limited IPO

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The company is a full-service logistics and supply chain solutions provider, offering a comprehensive range of services including freight forwarding, custom clearance, and transportation handling. With registration under the Multimodal Transportation of Goods Act, 1993, they operate as a Multimodal Transport Operator (MTO), enabling the efficient movement of goods across different modes such as road, rail, air, and sea.

Geographical Presence and Operations
Headquartered in Hyderabad, they operate through five strategically located branch offices: Chennai, Delhi, Jaipur, Visakhapatnam, and Thane. They cater primarily to importers and exporters across India and have a presence in international markets including Singapore and the UAE.

Service Portfolio

They provide end-to-end logistics solutions tailored to client needs:
i. Freight forwarding (both domestic and international)
ii. Customs clearance
iii. Transportation handling
iv. Warehousing and storage via custom freight stations
v. Air freight and rail cargo booking
vi. Issuance of House Bill of Lading to ensure customer security

They own 25 commercial vehicles, and they plan to acquire 20 more using funds raised from their public issue.

Client Industries Served
They serve a wide variety of sectors including:
i. Confectionery and FMCG                            ii. Chemicals and Natural Stones
iii. Crockery and Electronics                          iv. Textiles and Fitness Equipment
Their diversified customer base ensures revenue stability and business resilience.

Domestic and International Reach:-
provide services across key Indian states such as:- Telangana, Gujarat, Maharashtra, Rajasthan, Andhra Pradesh, Tamil Nadu, Delhi, Punjab, Karnataka, Uttar Pradesh, Madhya Pradesh, Odisha

In addition to international logistics services, their partnerships enable them to support clients with global shipping needs, enhancing their credibility and global footprint.

Conclusion

With a strong foundation built over a decade, diversified offerings, and expanding global partnerships, the company is well-positioned to capitalize on India’s growing demand for integrated logistics solutions. The proposed IPO will help strengthen their logistics infrastructure and fuel the next phase of growth.

Objects of the Blue Water Logistics Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Funding of capital expenditure requirements by purchase of Vehicles and its body building. ii. Funding working capital requirements of the Company. iii. General corporate purposes.
DRHP of Blue Water Logistics Limited IPO
RHP of Blue Water Logistics Limited IPO

Blue Water Logistics Limited IPO Details:

Open Date: May 27 2025
Close Date: May 29 2025
Total Shares: 30,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 40.50 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 132 - 135 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jun 03 2025

Promoters And Management:

Mr. Laxmi Narayan Mishra, aged 52, is the Promoter, Chairman, and Whole-Time Director of the company with over 13 years of experience in the logistics industry. A commerce graduate from Utkal University, he co-founded Blue Water Logistics in 2010 and has played a key role in building the company’s financial operations and logistics services. He was appointed as Director on April 8, 2024, and redesignated as Chairman and Whole-Time Director on July 26, 2024. Mr. Lalit Panda, aged 41, is the Promoter and Managing Director of the company with over 7 years of experience in the logistics industry. He co-founded Blue Water Logistics in 2010 and has held leadership roles in OSL Shipping and Marinetrans India. Appointed as Director on April 8, 2024, and redesignated as Managing Director on July 26, 2024, he currently oversees business strategy, marketing, and sales operations. Ms. Madhusmita Mohanty, aged 41, is a Promoter and Whole-Time Director of the company with over 7 years of experience in the logistics industry. A science graduate with a Master’s diploma in Zoology, she joined Blue Water Logistics as a partner in 2017, focusing on financial planning. Re-designated as Whole-Time Director on July 26, 2024, she now oversees HR, branch administration, and daily operations.

Financials of Blue Water Logistics Limited IPO:

Particular (In Cr) Mar-25 Mar-24 Sep22-Mar23 Mar-22
Revenue From Operation 196 139 98 85
EBITDA 19 10 4 2
EBITDA Margin 9.56% 7.57% 3.91% 2.77%
PAT 11 6 1.5 1.06
PAT Margin 5.44% 4.28% 1.57% 1.23%
RoE 72.02% 91.24% 35.02% 14.84%
CFOA -11.4 4.2 2.9 9.2

Comparison With Peers:

Name of the Companies Revenue (Cr) EBITDA Margin PAT Margin P/E D/E Mcap (cr)
Blue Water Logistics Limited 196 9.56% 5.44% 13.5 1.82 149
Shreeji Translogistics Limited 240 4% 3.57% 26.2 0.76 93
Shree Vasu Logistics Limited 146 26% 1.50% 365 1.95 799
*All the data is as per FY2025

Lead Manager of Blue Water Logistics Limited IPO:

  1. Smart Horizon Capital Advisors Private Limited

Registrar of Blue Water Logistics Limited IPO:

  1. Maashitla Securities Pvt. Limited

Company Address:

Blue Water Logistics Limited H. No. 8-2-270/B/1/2, Block-3, 4th Floor Uptown Banjara, Road No. 3, Banjara Hills Phone: +91 8341101774 Email: investors@bwl.co.in Website: https://bwl.co.in/

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