BLT Logistics IPO: Price, GMP, Analysis, And Details

BLT Logistics IPO- Company Analysis 

BLT Logistics IPO under the SME IPO category is a bookbuilding of Rs. 9.72 Cr by BLT Logistics Ltd, which was incorporated in 2011 and offers warehousing services and surface transportation of goods in containerized trucks to a range of enterprises and sectors.

Sabarmati Express India Private Limited, the company's fleet, and outside operators support its logistics operations by supplying essential transportation services, such as containerized trucks, from small fleet owners and agencies.

Services:

Transportation & Related Services: With a varied fleet and cutting-edge technology, the company provides B2B transportation services, such as FTL, LTL, packing, moving, and project cargo transportation, for effective, safe, and economical logistics solutions.

Warehouse Services: The business grew in 2023 to provide warehouse services in three well-located leased facilities, catering to MNCs, electronics, retail, and food industries. Detailed inventory reporting is provided through MIS.

BLT Logistics IPO Details

The BLT Logistics IPO date is on 04 August 2025, and its initial public offering will end on 06 Aug with IPO allotment on Aug 07, and refund initiation on Aug 08, 2025.

The Rs. 9.72 crore new SME IPO comprises a wholly fresh issue of 12.96 lac shares.

The BLT Logistics IPO listing date (expected) might be on Monday, Aug 11, 2025, and listing at the BSE and SME. 

The BLT Logistics IPO price band is Rs. 71 to Rs. 75.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Aug 04, 2025
IPO Closing Date	Aug 06, 2025
IPO Allotment Date	Aug 07, 2025
Refund Initiation	Aug 08, 2025
IPO Listing Date	Aug 11, 2025

 

 

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024
Total Assets	26.27	21.32
Total Revenue	49.43	40.73
PAT	3.84	3.13
EBITDA	9.56	8.48
Net Worth	8.78	4.94
Reserves & Surplus	5.30	1.46
Borrowings	13.65	12.02

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	226.72	341.08	352.52
Net Cash Flow Investing Activities	(408.60)	(512.63)	(164.42)
Net Cash Flow Financing Activities	178.39	171.73	(202.88)

 

Revenue Bifurcation

Service-wise Revenue Breakdown

State-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Working capital needs.

• Financing the company's capital expenditure needs for the acquisition of trucks ("Vehicles") and related equipment ("Equipment").

• General corporate purposes.
  
  

Listed Peers of BLT Logistics Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Premier Roadlines Limited	10	7.11	11.42
Coastal Roadways Limited	10	3.50	8.29

 

Valuation

Metric	Value
ROE	-30.88%
ROCE	22.34%
Debt/Equity	1.55
RoNW	43.73
EBITDA Margin	19.44%
Price to Book Value	2.99

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 8.58 from the last year, the resulting P/E ratio is 8.74x (taking the upper price).

Explore the Parth Electricals IPO.

IPO's Strengths 

• Long-standing company and performance history.

• Solid rapport with a wide range of clients.

• Numerous logistical solutions and services.

• Promoters' extensive expertise and experience.

 

 

IPO’s Weaknesses

• Only a few clients account for a sizable amount of the business's revenue. Revenue and profitability could be significantly impacted if even one significant client ceases to do business.

• Delays in receivables and vendor advance payments have resulted in significant working capital requirements for the business. Daily activities could be disrupted by any cash flow discrepancy.

• BLT is susceptible to changes in the logistics and industrial growth cycle since it works in the warehouse and logistics infrastructure. Demand may decline if e-commerce or infrastructure slows down.

• A number of government rules apply to the company's operations. Service interruptions or fines may result from any failure to acquire or renew required authorization (such as labor permits or warehouse registrations).

 

BLT Logistics IPO GMP (Grey Market Premium)

BLT Logistics IPO GMP today is Rs. 0 as of 02 Aug 2025 at the time of writing this information. Hence, the BLT Logistics IPO listing price (estimated) might be Rs. 75 (upper price + current GMP or grey market premium).

BLT Logistics IPO Summary

The BLT Logistics Ltd. IPO has a market maker portion size of 94,400 Shares (Rs. 0.708 Cr).

IPO Opening & Closing Date	04 Aug, 2025 to 06 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 71 to Rs. 75 per Share.
Lot Size	1600 Shares
Issue Size	12,96,000 Shares (Rs. 9.72 Cr)
Offer for Sale	-
Fresh Issue	12,96,000 Shares (Rs. 9.72 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding Issue
Registrar	Skyline Financial Services Private Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,40,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (4800 Shares) for Rs. 3,60,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	46.17%
Retail’s Portion	32.59%
Non-Institutional Portion	13.95%

BLT Logistics IPO Allotment Status

To check the IPO Allotment Status of BLT Logistics, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using Registrar’s Website- Skyline IPO allotment status​

Using BSE Website- ​BSE IPO allotment status

Promoters And Management of BLT Logistics Ltd.

• Krishan Kumar

• Rakesh Kumar.

Pre-Issue Promoter Shareholding	99.95%
Post-Issue Promoter Shareholding	72.94%

 

IPO Lead Managers

•  Beeline Capital Advisors Pvt Ltd.
  
  

Dividend Policy

The company has not paid any dividends during the last three years.

 

 

Conclusion

With solid foundations and rising offerings, the BLT Logistics IPO provides an inexpensive way to get into India's developing logistics market. Before applying, investors should consider important risks such as client concentration and working capital requirements.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.