IPO

Brace Port Logistics Limited IPO

NSE SME

Listed On: Aug 26, 2024 at ₹ 152.0

₹ 256000 /3200 Shares
*Min Investment

Check Allotment

19 Aug, 2024

Open Date

21 Aug, 2024

Close Date

22 Aug, 2024

Allotment Date

26 Aug, 2024

Listing Date
Brace Port Logistics IPO Issue Details
  • Issue Price ₹76-80 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 30,51,200 shares(aggregating up to ₹24.41 crore)
  • Fresh Share 30,51,200 shares(aggregating up to ₹24.41 crore)
  • Listing at NSE SME
  • List Price 152.0
  • Listing Date 2024-08-26
  • Lead Manager Holani Consultants Private Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11600₹1,28,000
Retail(max)11600₹1,28,000
NII (min) 23,200₹2,56,000
Brace Port Logistics IPO Reservation

Brace Port Logistics IPO offers total 3,051,200 shares. Out of which 358,400 (11.75%) allocated to QIB, 800,000 (26.22%) allocated to NII,1,200,000 (39.33%) allocated to RII, NA (NA%) allocated to employees and 537,600 (17.62%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered537,600 (17.62%)
Market Maker Shares Offered155,200 (5.09%)
QIB Shares Offered358,400 (11.75%)
NII (HNI) Shares Offered800,000 (26.22%)
Retail Shares Offered1,200,000 (39.33%)
Total Shares Offered3,051,200 (100%)
Brace Port Logistics IPO Documents
DRHP
Brace 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.

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Brace Port Logistics IPO Subscription Analysis And Details
Retail
588.48x
Total
657.73x
As onQIB / NIIRetailTotal
Shares Offered / Reserved358,400 / 800,0001,200,0002,358,400
Day 1 19-08-24 06:00 PM
6.59 / 29.03 x81.41 x52.27 x
Day 2 20-08-24 06:00 PM
16.83 / 106.16 x231.26 x156.24 x
Day 3 21-08-24 06:00 PM
450.04 / 854.65 x588.48 x657.73 x
Total No of Applications
4,41,557
Brace Port Logistics Valuations
EPS Pre IPO ₹5.93/-
EPS Post IPO ₹4.33/-
P/E Pre IPO 13.49
P/E Post IPO 18.48
ROE 43.19%
ROCE 47.05%
Debt/Equity 0.04
RoNW 35.52%
PAT Margin 8.89
Price to Book Value 4.79
Brace Port Logistics Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets2,783.291,310.781,179.14
Revenue5,524.597,093.665,419.57
Profit After Tax489.13618.09322.39
Net Worth1,377.18888.05419.96
Reserves & Surplus552.18813.05344.96
Total Borrowing48.9759.10N/A
About Brace Port Logistics 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.

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Brace Port Logistics - Promoter(s)

Skyways Air Services Private Limited

Mr. Yash Pal Sharma

Mr. Tarun Sharma

Mr. Sachin Arora

Mr. Rishi Trehan

Pre Issue Share Holding : 96.04%

Post Issue Share Holding : %

Brace Port Logistics IPO - Issue Objectives
1

Funding the working capital requirements of the company

2

General corporate purposes.

Brace Port Logistics IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Brace Port Logistics Limited5.935.9316.69N/A35.52N/ARestated
Tiger Logistics (india) Ltd12.2612.26104.8330.8111.7N/AStandalone
Avg Logistics Limited7.097.09146.5120.1816.35N/AStandalone

Notes:

  1. The Company has allotted 75,00,000 equity shares of face value of Rs. 10/- each as Bonus Shares in the ratio of 10:1, i.e., 10 (Ten) Equity Share having a face value of Rs. 10/- each for every 1 (One) Equity share having face value of Rs.10/- each.
  2. The effect of issue of the Bonus Equity Shares has been considered for calculation of Earnings Per Share for the period presented in the above results as required as per AS-20 'Earning Per Share.
Contact Details

Brace Port Logistics

A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur-New Delhi-110037

011 - 41729003

cs@braceport-logistics.com

http://www.braceport-logistics.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

braceport.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html