Blue Water Logistics share price lists at 4% premium over IPO price on NSE SME

Blue Water Logistics IPO listing: Shares of the SME initial public offer (IPO) Blue Water Logistics saw a positive stock market listing on the NSE SME platform on Tuesday, June 3. Blue Water Logistics share price got listed at ₹141, a premium of 4.44% over the IPO price of ₹135.

The listing price for Blue Water Logistics IPO shares was slightly higher than what the grey market signalled. Ahead of the listing, Blue Water Logistics IPO GMP was 2.96%.

The SME IPO had received a decent response from investors for its public offer.

The ₹40.50 crore IPO of Blue Water Logistics was subscribed 9.36 times at the end of the three-day bidding period.

The public issue subscribed 6.55 times in the retail category, 14.04 times in the qualified institutional buyers (QIB) category, and 9.87 times in the non-institutional investors (NII) category.

The IPO was open for subscription between May 27 and May 29 at a fixed price of ₹135 per share. The issue consisted entirely of a fresh share sale of 30 lakh shares, with no offer for sale component.

The minimum lot size for an application was 1,000 shares, requiring a minimum investment of ₹1,32,000 by the retail investors.

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