Stock Market to welcome another company in a few days which is known as BLT Loshistics Limited (BLT). This company is engaged in the surface transportation of goods and containerized trucks business. Also, the company is doing well in warehousing services to various industries and businesses. Now they are all set to debut in the Indian Share Market with an Initial Public offer (IPO) of size up to 12,96,000 equity shares. Let’s explore more about this IPO below.
BLT Logistics Limited filed a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). As per the details, the face value of the shares will be ₹10 per share. It is a 100% book-built issue and the share will be listed on the BSE SME platform.
Discussing the financials of the company, so there are some necessary points we have. For the financial year ended 31st March, 2024, The company reported standalone revenue of Rs. 3,971.44 Lakhs, EBITDA of Rs. 657.46 Lakhs and PAT of Rs. 265.04 Lakhs.
This company is primarily working in transportation services and serves B2B customers. It has started end-to-end warehousing solutions to add to their repertoire of offerings.