Blue Water Logistics IPO Allotment Finalized: Strong Subscription Across Categories
By ScanX News Team
Blue Water Logistics, an SME company, has completed its IPO allotment process. The IPO, aiming to raise Rs 40.50 crore, was oversubscribed 9.36 times. QIBs led with 14.04x subscription, followed by NIIs at 9.87x and retail investors at 6.55x. The issue price was set at Rs 135.00 per share. Shares are expected to be credited by June 2, with listing scheduled for June 3 on the NSE SME platform.
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Blue Water Logistics, an SME (Small and Medium Enterprise) company, has successfully concluded its Initial Public Offering (IPO) with the allotment process being finalized. The IPO, which aimed to raise Rs 40.50 crore, has garnered significant interest from various investor categories.
Subscription Details
The overall subscription for the Blue Water Logistics IPO stood at an impressive 9.36 times, indicating strong demand across investor segments. Here's a breakdown of the subscription rates:
| Investor Category | Subscription Rate |
|---|---|
| Retail Investors | 6.55 |
| Non-Institutional Investors (NIIs) | 9.87 |
| Qualified Institutional Buyers (QIBs) | 14.04 |
The robust subscription rates, particularly from Qualified Institutional Buyers at 14.04 times, underscore the strong interest in the company's offering.
IPO Details
- Issue Price: Rs 135.00 per share
- Total Issue Size: Rs 40.50 crore
Key Dates
- Allotment Date: Today
- Credit of Shares: Expected by June 2
- Listing Date: Scheduled for June 3 on the NSE SME platform
Investors who applied for the IPO can check their allotment status through the registrar's website or their respective broking platforms. The strong subscription across all categories suggests a positive sentiment towards Blue Water Logistics' market debut.
The listing of Blue Water Logistics on the NSE SME platform is anticipated to provide increased visibility and potentially enhanced liquidity for the company's shares. As with all investments, investors are advised to consider their financial goals and risk tolerance before making investment decisions.
The successful completion of this IPO adds another company to the growing list of SMEs accessing public markets for capital, highlighting the increasing vibrancy of the SME segment in India's capital markets.
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