BLT Logistics IPO Listing: Shares of BLT Logistics, which provide goods and warehouse services from the container truck, got into the SME platform of BSE today. Its IPO also received strong response from investors and overall it received more than 560 times bid. Shares have been issued at a price of ₹ 75 under IPO. Today it has entered ₹ 90.95 on BSE SME i.e. IPO investors got a listing gain of 21.27%. Share and climb up after listing. It jumped up to the upper circuit of ₹ 95.49 (Blt Logistics Share Price) and also closed on it i.e. at the end of the first business day, IPO investors are 27.32% profit. IPO investors are in ₹ 32,784 on each lot. The lot size for its IPO was of 1600 shares.
Blt Logistics IPO money will be spent
The ₹ 9.72 crore IPO of BLT logistics was opened till 4-6 August for subscription. This IPO received tremendous response from investors and overall it was subscribed to 560.69 times. It had a share reserved for qualified institutional buyers (QIB) 81.80 times, non-institutional investors (NII) share 1,017.63 times and retail investors were 637.20 times. Under this IPO, 12.96 lakh new shares with face value of ₹ 10 have been issued. Out of these shares, ₹ 3.88 crore trucks and analysis equipment purchases, ₹ 2.80 crore working capital needs and rest of the money will be spent on common corporate objectives.
About Blt Logistics
BLT logistics made in the year 2011 provides goods and warehouse services from container trucks to several industries and businesses. The company does this work through its fleet Sabarmati Express India Private Limited and Third Party Operators. According to data up to March 2024, its fleet has 90 vehicles of 3.5 tons to 18 tonnes and 15 vehicles of 9 tonnes. Talking about the financial health of the company, in the last financial year 2025, the company’s net profit jumped 22.68% on an annual basis to ₹ 3.84 crore and total income 21.36% to reach ₹ 49.43 crore. However, during this period, the loan on the company also rose 13.56% to ₹ 13.65 crore.
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