BLT Logistics IPO

About BLT Logistics IPO

The IPO of BLT Logistics Ltd comprises a fresh issue of up to 12,96,000 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band is ₹71 to ₹75 and the lot size is 1600. The IPO opens on August 4, 2025 and closes on August 6, 2025.

The listing date is on or before August 11, 2025 and the allotment date is on or before August 7, 2025. The credit of shares to the Demat account will take place on or before August 8, 2025, while the initiation of refund will take place on or before August 8, 2025.

BLT Logistics Ltd is engaged in providing surface transportation of goods in containerised trucks and warehousing services to various industries and businesses. Its logistics operations are supported by its own fleets of containerised trucks and hired from its 99.99% subsidiary, Sabarmati Express India Private Limited (“Sabarmati”) and third-party operators.

Objectives of BLT Logistics IPO

• Funding capital expenditure requirement of the company towards purchase of trucks and ancillary equipment
• To meet working capital requirements
• General corporate purpose

Industry Outlook

The logistics sector in India is transforming at an unprecedented pace due to key factors like changing global and local trade dynamics, growing manufacturing industry, expansion of the eCommerce market, sustainability pressures, and large-scale digitisation of the supply chain. The sector is breaking away from the traditional brick and mortar approach to a more technology enabled sector, enabling businesses of all sizes and individuals from diverse backgrounds to take part in this dynamic and economically important sector.

Recognising the strategic importance of Logistics sector and the transformational impact it can have on the overall economy, Government of India has adopted a comprehensive and synergised, ‘whole of Government’ approach to ensure that both demand and supply side fundamentals of the sector are viewed in their entirety with an end-to-end perspective. The traditional sectoral approach has been replaced by a renewed ‘whole of Government’ and ‘data driven’ approach leveraging the power of technology to ensure integrated development of the logistics sector in the country.

With the launch of PM GatiShakti (PMGS) and National Logistics Policy, 2022, the logistics sector has got a new direction and the task of integrating these efforts and magnifying their gains through network effect has been set in motion. While PMGS addresses integrated development of hard infrastructure and network planning, the NLP addresses soft infrastructure and logistics sector development aspects, inter alia, including process reforms, improvement in logistics services, digitisation, human resource development and skilling.

Company Information

BLT Logistics Ltd is engaged in providing surface transportation of goods in containerised trucks and warehousing services to various industries and businesses. Its logistics operations are supported by its own fleets of containerised trucks and hired from its 99.99% subsidiary, Sabarmati Express India Private Limited (“Sabarmati”) and third-party operators i.e. small fleet owners and agents who provide it with necessary transportation facilities such as containerised trucks.

Strengths of BLT Logistics IPO

• Long-standing business and track record
• Strong relationship with diverse customer base
• Wide range of logistics services and solutions
• Strong knowledge and experience of promoters

Risks of BLT Logistics IPO

• Reliance on a few customers for a substantial portion of revenues
• Dependence on a limited number of suppliers may impact operations
• Adverse developments in key geographical regions may affect revenue and operations
• Exposure to transportation-related risks and inadequate insurance coverage may affect operations
• Repayment demand on unsecured loans may adversely impact cash flows

Anchor Investor Bidding Date

The anchor portion of the IPO opens for bidding on August 1, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Skyline Financial Services Pvt Ltd
• Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd

Business Model

Currently positioned as a Second-Party Logistics (2PL) provider the company is strategically evolving into a third-party logistics (3PL) provider. This expansion encompasses the integration of warehousing services into its transportation service, broadening its capabilities to address a wider range of client needs. Its key services include:

• Transportation and Allied Services
• Warehousing Services

Company Growth Trajectory

The revenue from operations of BLT Logistics Ltd grew from ₹31.0314 crores in FY 23 to ₹47.9248 crores in FY 25. Its gross profit margin grew from 20.43% in FY 23 to 22.39% in FY 25 and PAT margin increased from 4.37% in FY 23 to 6.27% in FY 25. The number of orders completed increased from 6331 in FY 23 to 12328 in FY 25. A long-standing business and track record coupled with a wide range of logistics services and solutions has aided the company's growth over the years.

Market Position

BLT Logistics Ltd has ISO Certification 9001:2015 for Quality Management System for Transportation and Warehousing Services. It operates primarily from its registered office situated in Delhi and its logistics operations are supported by its owned fleet of operations and third-party operators.

It provides logistics services via roadways and also has warehouses in Thane, Gurugram and Bengaluru apart from its office in Delhi. Its clientele stands at more than 200 in fiscal 2024 and it serves a diverse mix of clients engaged in electronics, retail, food and confectionery, wholesale traders and other MNCs.

How to Check Allotment Status of BLT Logistics IPO?

1. Visit the Registrar’s Website

• Visit the official website of Skyline Financial Services Pvt Ltd
• Click on ‘Public Issue’ from ‘Investors’ dropdown
• Choose ‘Company Name’
• Enter DPID/Client ID or Application Number or PAN Number
• Click on ‘Search’ to know the status

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
• Select the Issue Name from dropdown
• Put in either your application number or PAN number
• Check the box ‘I’m not a robot’
• Click on ‘Search’ to know allotment status

How to Apply for BLT Logistics IPO

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI