IPO
Blue Water Logistics' SME IPO oversubscribed
Hyderabad-based Blue Water Logistics ’ INR 40.5 crore IPO was subscribed 9.36 times. Qualified institutional buyers (QIBs) led the demand, subscribing to 14.04 times their allocated quota. Non-institutional investors (NIIs) followed with 9.87 times, while retail investors subscribed 6.55 times of their portion. The listing is expected on the NSE SME platform on June 3.Founded in 2010, Blue Water Logistics offers integrated logistics and supply chain solutions, including freight forwarding, customs clearance, and transport services via air, sea, and land routes.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
