The logistics sector in India continues its rapid expansion, and BLT Logistics Ltd. is all set to capitalise on this growth with its initial public offering. The company is set to launch a book-building IPO to raise ₹9.72 crores, with the subscription window running from August 4 to August 6, 2025. This issue, which is entirely a fresh issue of shares, aims to fuel the company’s expansion plans and bolster its position in the competitive logistics landscape.
About BLT Logistics Ltd.
Established in 2011, BLT Logistics Ltd. is a New Delhi-based logistics and supply chain solutions provider. The company specialises in surface transportation of goods and warehousing services, catering to a diverse range of industries across a pan-India operational network. With a fleet of its own containerised trucks and a robust network of third-party operators, BLT Logistics provides a wide array of services, including Full Truck Load (FTL), Less than Truck Load (LTL), and project cargo handling.
The company has strategically expanded its services, venturing into the warehousing segment in 2023. This diversification, along with a focus on technology-enabled solutions and a customer-centric approach, has enabled it to build a strong foundation for future growth in a highly fragmented market.
BLT Logistics Ltd. IPO Details
The BLT Logistics IPO is a book-building issue of ₹9.72 crores. The issue comprises a fresh issue of 12.96 lakh shares. The price band is set at ₹71 to ₹75 per share, with a face value of ₹10 per share. The shares will be listed on the BSE SME platform.
Important IPO Timeline:
| Event | Date |
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 6, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,96,000 shares (aggregating up to ₹9.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,00,000 shares |
| Share Holding Post Issue | 47,96,000 shares |
Lot Size of BLT Logistics Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,40,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,60,000 |
| S-HNI (Max) | 8 | 12,800 | ₹9,60,000 |
| B-HNI (Min) | 9 | 14,400 | ₹10,80,000 |
BLT Logistics Financial Performance
The company has demonstrated a robust financial performance. Between the financial year ending March 31, 2024, and March 31, 2025, revenue increased by 21% to ₹49.43 crores. During the same period, the Profit After Tax (PAT) saw a 23% jump, rising to ₹3.84 crores from ₹3.13 crores. This consistent growth highlights the company’s operational efficiency and potential for continued expansion.
Key Performance Indicators (as of March 31, 2025)
- ROE: -30.88%
- ROCE: 22.34%
- Debt/Equity: 1.55
- RoNW: 43.73%
- EBITDA Margin: 19.44%
- Price to Book Value: 2.99
Financial Snapshot (₹ in crores)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 26.27 | 21 |
| Total Income | 49.43 | 41 |
| Profit After Tax | 3.84 | 3 |
| EBITDA | 9.56 | 8 |
| Net Worth | 8.78 | 5 |
| Reserves and Surplus | 5.3 | 1 |
| Total Borrowing | 13.65 | 12.02 |
BLT Logistics Ltd.: Industry Outlook
The Indian logistics sector is experiencing a transformative phase, driven by government initiatives and technological advancements.
- Policy Support: The PM Gati Shakti National Master Plan and the National Logistics Policy (NLP) are instrumental in modernising infrastructure, reducing logistics costs, and enhancing supply chain efficiency.
- E-commerce Boom: The phenomenal growth of e-commerce and a rising consumer demand for fast delivery are major drivers, boosting the need for robust and tech-enabled logistics solutions.
- Technological Integration: The industry is increasingly adopting technologies like AI, IoT, and real-time tracking systems to optimise routes, improve fleet management, and provide end-to-end visibility.
- Infrastructure Development: Huge investments in dedicated freight corridors, logistics parks, and warehousing facilities are creating a favourable ecosystem for logistics companies.
Use of IPO Proceeds
The funds from the BLT Logistics IPO are intended for strategic growth and operational strengthening. The proceeds will be used for the following purposes:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Funding capital expenditure for the purchase of trucks and ancillary equipment | 4 |
| 2 | To meet working capital requirements | 3 |
| 3 | For general corporate purposes | – |
BLT Logistics Ltd. IPO Peer Comparison
BLT Logistics operates in a competitive market alongside other specialised logistics companies. Key listed peers for comparison include Premier Roadlines Ltd. and Coastal Roadways Ltd. An analysis of these companies’ financial metrics, such as EPS, RoNW, and revenue, can provide a valuable context for investors to evaluate BLT Logistics’ valuation and market positioning.
Conclusion
The BLT Logistics IPO presents a promising opportunity to invest in a company with a strong financial track record and a clear vision for growth in India’s booming logistics sector. With a strategic focus on expanding its fleet and operational capabilities, the company is well-positioned to leverage the tailwinds of government policies and evolving market dynamics. For investors seeking exposure to a company with a strong foundation and a forward-looking strategy in the logistics space, this IPO warrants careful consideration.
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