New Delhi, Aug. 5 -- The initial public offering (IPO) of BLT Logistics opened for subscription on August 4 and will close on August 6. The small and medium enterprise (SME) IPO has so far been subscribed over 7.17 times on the second day of bidding.

The BLT Logistics IPO comprises a total of 12,96,000 shares. Of these, 5,98,400 shares (46.17%) are reserved for Qualified Institutional Buyers (QIBs), including 3,58,400 shares (27.65%) allocated specifically to Anchor investors and 2,40,000 shares (18.52%) for QIBs excluding Anchor investors. Additionally, 1,80,800 shares (13.95%) are set aside for Non-Institutional Investors (NIIs), and 4,22,400 shares (32.59%) are allocated to Retail Individual Investors (RIIs).

Established in 2011, BLT...