New Delhi, May 27 -- Blue Water Logistics IPO day 1: The initial public offering (IPO) of logistics and supply chain solutions provider Blue Water Logistics opened for subscription on Tuesday, May 27, and will remain so till Thursday, May 29. The Rs.40.50 crore SME IPO is entirely a fresh issue of 30 lakh shares. The company intends to use the net proceeds from the issue to fund its capital expenditure requirements by the purchase of vehicles and its body building, and for general corporate purposes.

By 12 PM on the first day of subscription on Tuesday, the NSE SME IPO had been subscribed 0.13 times, with the retail portion booked 0.23 times and the segment reserved for non-institutional investors (NIIs) subscribed 0.04 times. The segmen...