The IPO, which is entirely a fresh issue of 12.96 lakh shares, has been priced in a band of Rs 71–75 per share.
The grey market premium (GMP) for BLT Logistics stood at Rs 16–18 on the morning of the issue opening, indicating a potential listing gain of around 21% over the upper price band of Rs 75.
Retail investors can bid for a minimum of two lots (3,200 shares), requiring an application amount of Rs 2.40 lakh
Beeline Capital Advisors is the lead manager, and Skyline Financial is the registrar.
The QIB quota accounts for 46.17% of the issue, retail investors have been offered 32.59%, and NIIs 13.95%.BLT Logistics was incorporated in 2011 and operates primarily in the containerised surface transport segment and allied warehousing services.It serves a range of B2B clients including those from electronics, retail, FMCG, and multinational sectors. The company also owns and operates a fleet of 90 trucks and an additional 15 vehicles via its subsidiary Sabarmati Express India.
As of March 31, 2025, BLT Logistics reported a 21% year-on-year increase in revenue at Rs 49.43 crore and a 23% jump in net profit at Rs 3.84 crore.
The IPO proceeds will be used to fund the purchase of trucks and equipment (Rs 3.88 crore), working capital (Rs 2.80 crore), and general corporate expenses.
Given its strategic positioning in the logistics sector and visible traction in warehousing, investors are watching this SME issue closely.