Blue Water Logistics, a Maharashtra-based logistics company, closed its ₹40.50 crore IPO on May 29, 2025. Allotment status can now be checked via the registrar Maashitla Securities or the NSE SME platform. The IPO was oversubscribed 9.36 times amid high retail and institutional interest, though it saw no grey market premium.
Blue Water Logistics Limited, a logistics and supply chain management company headquartered in Maharashtra, India, has successfully concluded its initial public offering (IPO) with strong investor demand. The company, known for its services in freight transportation and logistics, launched its ₹40.50 crore IPO between May 27 and May 29, 2025, at a fixed issue price of ₹135 per share.
As per the allotment schedule, investors can check their allotment status starting May 30, either through the registrar, Maashitla Securities Private Limited, or the NSE SME portal. The issue received a 9.36 times subscription, indicating robust interest across retail and institutional categories.
How to Check Allotment Status
On Registrar Maashitla’s Website
- Visit: https://maashitla.com/allotment-status/public-issues
- Select “Blue Water Logistics”
- Enter PAN, application number, or DEMAT details
- Submit to view status
On NSE SME Website
- Visit: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Choose “Equity & SME IPO bid details”
- Enter relevant PAN and application number
- Submit
The IPO comprised an entirely fresh issue of 30 lakh equity shares, and the company aims to utilize the proceeds to fund capital expenditures, meet working capital needs, and support general corporate purposes.
Despite the high demand, the grey market premium (GMP) for Blue Water Logistics IPO remained at zero, suggesting that shares may debut at their issue price of ₹135 per share without a listing premium.
IPO Subscription Details
- Retail investors: Subscribed 6.55x
- Non-institutional investors (NII): Subscribed 9.87x
- Qualified Institutional Buyers (QIBs): Subscribed 14.04x
Blue Water Logistics is now scheduled to list on the NSE SME platform on June 3, 2025.
