Incorporated in 2011, BLT Logistics Limited is engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses.
The company's logistics operations are supported by its fleet, Sabarmati Express India Private Limited, and third-party operators, providing necessary transportation facilities like containerised trucks from small fleet owners and agents.
As of March 31, 2024, the company owns an operational fleet of 90 vehicles (3.5MT to 18MT) and 15 vehicles (9MT) as part of its 99.99% subsidiary, Sabarmati.
Services:
- Transportation & Allied Services: The company offers B2B transportation services, including FTL, LTL, packing, moving, and project cargo transportation, utilizing a diverse fleet and advanced technology for efficient, secure, and cost-effective logistics solutions.
- Warehousing Services: In 2023, the company expanded to offer warehousing services across three strategically located leased facilities, serving industries like electronics, retail, food, and MNCs, with detailed inventory reporting via MIS
As of March 31, 2024, the company has 37 employees.
Competitive Strengths:
- Long-standing business and track record
- Strong relationship with diverse customer base
- Wide range of logistics services and solutions
- Strong knowledge and experience of our promoters
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding capital expenditure requirement of our company towards purchase of trucks (“Vehicles”) and ancillary equipment (“Equipment”) | ₹4 |
| 2 To Meet Working Capital Requirements | ₹3 |
| 3 General Corporate Purpose | ₹2 |
| Metric | 31 Mar 2025 | 31 Mar 2024 | |
|---|---|---|---|
| Total Assets | 26 | 21 | — |
| Revenue | 49 | 41 | — |
| PAT | 4 | 3 | — |
| EBITDA | 10 | 8 | — |
| Net Worth | 9 | 5 | — |
| Reserves | 5 | 1 | — |
| Total Borrowing | 14 | 12 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 598,400 (46%) | — |
| NII / HNI | — | 180,800 (14%) | — |
| Retail (RII) | — | 422,400 (33%) | — |
| Market Maker | — | 94,400 (7%) | — |
| Total | — | 1,296,000 (100%) | — |
* Amount calculated at upper price band (₹75) · ** Total includes all investor categories
- 1 Initiation of Refund 08 Aug 2025
- 2 Credit of Shares to Demat 08 Aug 2025
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 46%.
- The IPO P/E of 9x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹11 compares to post-issue EPS of ₹8 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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