New Delhi, August 11 (HS): Logistics and container transport specialist BLT Logistics roared onto the stock market with a blockbuster debut on Monday, locking in its upper circuit within minutes of listing and delivering handsome day-one gains for IPO investors.

The stock began trading on the BSE SME platform at ₹90.95 — a 21.27% premium over its issue price of ₹75. Swift buying momentum pushed the shares to ₹95.49, the upper circuit level, translating into 27.32% immediate listing gains for allottees.

BLT’s ₹9.72-crore initial public offering, open from August 4 to 6, drew overwhelming investor appetite with an oversubscription of 560.69 times. QIBs subscribed 81.80 times, NIIs a staggering 1,017.63 times, and the retail portion 637.20 times — reflecting bullish confidence in the company’s growth story. The offering comprised a fresh issue of 12.96 lakh equity shares (₹10 face value each).

Proceeds will be channelled into expanding fleet capacity with new trucks, acquiring ancillary equipment, meeting working capital needs, and funding general corporate purposes.

Financially, the company posted a 22.68% jump in FY25 net profit to ₹3.84 crore, while total income climbed 21.36% to ₹49.43 crore. Debt levels rose 13.56% to ₹13.65 crore, signalling expansion-linked leverage.

With such a rousing debut, BLT Logistics has not only rewarded its IPO backers but also positioned itself as a strong contender in India’s fast-expanding logistics and supply chain sector. For investors betting on transport and warehousing growth, BLT’s market entry sends one clear message — this ride has just begun.

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Hindusthan Samachar / Jun Sarkar