Brace Port Logistics Limited IPO
NSE SMEListed On: Aug 26, 2024 at ₹ 152.0
₹ 128000 /1600 Shares
Check Allotment19 Aug, 2024
Open Date21 Aug, 2024
Close Date22 Aug, 2024
Allotment Date26 Aug, 2024
Listing DateIssue Price
₹76-80 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdList Price
152.0Listing Date
2024-08-26Market Lot
1600 Shares (₹128,000/-)Lead Manager
Holani Consultants Private LimitedIssue Size
Fresh Issue of 3,051,200 shares(aggregating up to ₹24.40 Cr)Retail Portion
35%Subscription
657.73 timesIPO Docs
DRHPBrace Port Logistics IPO Details
Brace Port Logistics Limited IPO is an SME IPO, priced at ₹76-80 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 30,51,200 equity shares, aggregating up to ₹24.41 crores..
The IPO bidding window is open from Aug 19, 2024 to Aug 21, 2024. The allotment is expected to be finalized on Aug 22, 2024, and the tentative listing date is Aug 26, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,28,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,56,000.
Holani Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Holani Consultants Private Limited will act as the market maker for this issue.
Brace Port Logistics IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 358,400 / 800,000 | 1,200,000 | 2,358,400 |
| Day 1 - 19-08-24 06:00 PM | 6.59 / 29.03 x | 81.41 x | 52.27 x |
| Day 2 - 20-08-24 06:00 PM | 16.83 / 106.16 x | 231.26 x | 156.24 x |
| Day 3 - 21-08-24 06:00 PM | 450.04 / 854.65 x | 588.48 x | 657.73 x |
Brace Port Logistics Valuations
EPS Pre IPO
₹5.93/-EPS Post IPO
₹4.33/-P/E Pre IPO
13.49P/E Post IPO
18.48ROE
43.19%ROCE
47.05%Debt/Equity
0.04RoNW
35.52%PAT Margin
8.89Price to Book Value
4.79Brace Port Logistics Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,783.29 | 1,310.78 | 1,179.14 |
| Revenue | 5,524.59 | 7,093.66 | 5,419.57 |
| Profit After Tax | 489.13 | 618.09 | 322.39 |
| Net Worth | 1,377.18 | 888.05 | 419.96 |
| Reserves & Surplus | 552.18 | 813.05 | 344.96 |
| Total Borrowing | 48.97 | 59.10 | N/A |
About The Company
Incorporated in November 2020, Brace Port Logistics Limited is an ocean cargo logistics company dealing with clients on the diverse sectors of the economy.
Besides this, the company provides air freight services, warehousing, special cargo services such as handling cargo in foreign countries and delivery of the same in other foreign countries and customs clearance services.
The company has a strong network that caters to the customers in diverse industries, including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive in India and around the world.
The company provides services to countries such as Germany, Vietnam, UAE, Hongkong and Bangladesh.
The company is certified for Quality Management Systems (ISO ISO 9001:2015), Environmental Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2015).
On August 31, 2023, the company had 20 employees. The departments that employed these workers were Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
Brace Port Logistics - Promoter(s)
Pre Issue Share Holding: 96.04%
Post Issue Share Holding: %
- Skyways Air Services Private Limited
- Mr. Yash Pal Sharma
- Mr. Tarun Sharma
- Mr. Sachin Arora
- Mr. Rishi Trehan
Brace Port Logistics IPO - Issue Objectives
- Funding the working capital requirements of the company
- General corporate purposes.
Other Details
Brace Port Logistics
A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur-New Delhi-110037Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: braceport.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Brace Port Logistics IPO - FAQs
Ans. Brace Port Logistics Limited IPO is a SME IPO. The issue is priced at ₹76-80 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Aug 19, 2024, and closes on Aug 21, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Brace Port Logistics Limited IPO opens on Aug 19, 2024 and closes on Aug 21, 2024.
Ans. The size of Brace Port Logistics Limited IPO is Fresh Issue of 3,051,200 shares(aggregating up to ₹24.40 Cr).
Ans. The IPO price band is set between ₹76-80 per equity share.
Ans. To apply for Brace Port Logistics Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Brace Port Logistics Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Brace Port Logistics Limited IPO is Aug 22, 2024.
Ans. The Brace Port Logistics Limited IPO will be listed on Aug 26, 2024.
Ans. Follow the steps to check the allotment status for Brace Port Logistics Limited IPO here.
