By IndiaHub 
Retail investors subscribed 6.55 times their quota, while the non-institutional investor (NII) portion was subscribed 9.87 times. The QIB segment saw robust participation as well, with a 14.04 times subscription.
Despite the strong subscription, the grey market premium (GMP) remains at zero, suggesting that the stock is likely to list at par with its issue price of Rs 135 per share. This reflects cautious optimism ahead of the listing. Shares are expected to be credited to demat accounts by June 2, and the listing is scheduled for June 3 on the NSE SME platform.
How to check Blue Water Logistics IPO allotment via Maashitla
Visit: https://www.maashitla.com/ipo.aspx
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Select ‘Blue Water Logistics’ from the dropdown
Enter your PAN, application number, or DP/Client ID
Click ‘Submit’ to view your allotment status
Blue Water Logistics is engaged in freight forwarding, customs clearance, warehousing, and transportation services. The company operates through a network of five key branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, offering integrated supply chain solutions to its clients.
The IPO was entirely a fresh issue of 30 lakh shares priced in a band of Rs 132–135. The proceeds from the issue will be used to fund capital expenditure, including the purchase of commercial vehicles, meet working capital needs, and for general corporate purposes.
Financially, the company’s revenue increased from Rs 98 crore in FY23 to Rs 196 crore in FY25, while net profit jumped from Rs 1.54 crore to Rs 10.67 crore in the same period, indicating a strong earnings momentum going into its market debut.
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