BLT Logistics Limited Announces IPO for Expansion
BLT Logistics Limited is launching an IPO of up to 12,96,000 equity shares to fund capital and operational expansions, including enhancing their fleet and warehousing services. The company's standalone revenue for FY 2024 stood at Rs. 3,971.44 Lakhs with substantial EBITDA and PAT figures.
- Country:
- India
New Delhi [India], November 12: BLT Logistics Limited has announced its plans to launch an Initial Public Offering (IPO) of up to 12,96,000 equity shares with a face value of Rs. 10 each. The offering will be a 100% Book Built issue, set to list on the BSE SME platform, as per company sources.
The primary objectives of the IPO include financing capital expenditure requirements for trucks and ancillary equipment, fulfilling working capital needs, and addressing general corporate purposes. For the fiscal year ending March 31, 2024, BLT Logistics reported standalone revenue of Rs. 3,971.44 Lakhs, with an EBITDA of Rs. 657.46 Lakhs and a PAT of Rs. 265.04 Lakhs, indicating fiscal robustness.
Beeline Capital Advisors Private Limited is acting as the Book Running Lead Manager, while Skyline Financial Services Private Limited is the designated Registrar. BLT Logistics specializes in surface transportation via containerized trucks and provides warehousing solutions, leveraging a fleet managed both independently and in collaboration with its subsidiary, Sabarmati Express India Private Limited.
(With inputs from agencies.)