Brace Port Logistics Limited IPO Overview
Brace Port Logistics is launching an IPO consisting of 30.51 lakh shares through a book-built issue. The entire IPO is a fresh issue of 30.51 lakh shares.
The subscription period for the Brace Port Logistics IPO begins on August 19, 2024, and ends on August 21, 2024. The allotment of shares is expected to be finalized on Thursday, August 22, 2024. The IPO is set to list on the NSE SME platform, with a tentative listing date of Monday, August 26, 2024.
The price bands for the Brace Port Logistics IPO are yet to be disclosed.
Holani Consultants Private Limited is serving as the book-running lead manager for this IPO, while Link Intime India Private Ltd is the designated registrar. Holani Consultants will also act as the market maker for the issue.
For more detailed information, please refer to the Brace Port Logistics IPO Red Herring Prospectus (RHP).
Brace Port Logistics IPO Important dates
Brace Port Logistics IPO opens on August 19, 2024, and closes on August 21, 2024.
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| The credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Brace Port Logistics Limited IPO Financial Performance
Brace Port Logistics Limited’s revenue decreased by -22% and profit after tax (PAT) dropped by -21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 27.83 Cr | 13.11 Cr | 11.79 Cr | 4.10 Cr |
| Revenue | 55.25 Cr | 70.94 Cr | 54.20 Cr | 7.06 Cr |
| Profit After Tax | 4.89 Cr | 6.18 Cr | 3.22 Cr | 0.23 Cr |
| Net Worth | 13.77 Cr | 8.88 Cr | 4.20 Cr | 0.98 Cr |
| Reserves and Surplus | 5.52 Cr | 8.13 Cr | 3.45 Cr | 0.23 Cr |
| Total Borrowing | 0.49 Cr | 0.59 Cr | 0.66 Cr | – |
Brace Port Logistics IPO Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 43.19% |
| ROCE | 47.05% |
| Debt/Equity | 0.04 |
| RoNW | 35.52% |
| PAT Margin (%) | 8.89 |
Brace Port Logistics Limited IPO Objectives
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company
- General corporate purposes.
Brace Port Logistics IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Brace Port Logistics Limited IPO Details
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 3,051,200 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,051,200 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 8,250,000 |
| Shareholding post issue | 11,301,200 |
| Market Maker portion | 155,200 shares |
Brace Port Logistics IPO GMP Details
As of August 20, 2024, at 10:24 AM, the Grey Market Premium (GMP) for the Brace Port Logistics SME IPO stands at ₹92. With a price band set at ₹80, the estimated listing price is expected to be ₹172 (cap price + today’s GMP). This suggests an anticipated percentage gain of 115.00% per share.
The GMP has fluctuated between a low of ₹0 and a high of ₹92. Stay tuned for daily updates on the Brace Port Logistics SME IPO GMP and the expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 20-08-2024 | 80.00 | ₹92  |
111900 | ₹172 (115%) | 20-Aug-2024 |
| 19-08-2024 Open | 80.00 | ₹92  |
111900 | ₹172 (115%) | 19-Aug-2024 |
| 18-08-2024 | 80.00 | ₹90 |
109400 | ₹170 (112.5%) | 18-Aug-2024 |
| 17-08-2024 | 80.00 | ₹90 |
109400 | ₹170 (112.5%) | 17-Aug-2024 |
| 16-08-2024 | 80.00 | ₹90 |
109400 | ₹170 (112.5%) | 16-Aug-2024 |
| 15-08-2024 | 80.00 | ₹80 |
97300 | ₹160 (100%) | 15-Aug-2024 |
| 14-08-2024 | 80.00 | ₹80 |
97300 | ₹160 (100%) | 14-Aug-2024 |
| 13-08-2024 | 80.00 | ₹80 |
97300 | ₹160 (100%) | 13-Aug-2024 |
Brace Port Logistics Limited IPO subscription status
Brace Port Logistics IPO subscribed 83.01 times. The public issue subscribed 127.04 times in the retail category, 6.60 times in QIB, and 51.21 times in the NII category by August 20, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 5,37,600 | 5,37,600 | 4.30 |
| Market Maker | 1 | 1,55,200 | 1,55,200 | 1.24 |
| Qualified Institutions | 6.60 | 3,58,400 | 23,64,800 | 18.92 |
| Non-Institutional Buyers*** | 51.21 | 8,00,000 | 4,09,69,600 | 327.76 |
| Retail Investors | 127.04 | 12,00,000 | 15,24,44,800 | 1,219.56 |
| Total ** | 83.01 | 23,58,400 | 19,57,79,200 | 1,566.23 |
Total Application: 95,279
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included to NII/HNI.
Brace Port Logistics IPO Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Aug 19, 2024 |
6.59 | 29.03 | 81.41 | 52.27 |
| Day 2 Aug 20, 2024 |
6.60 | 51.21 | 127.04 | 83.01 |
Brace Port Logistics IPO Allotment status
Brace Port Logistics IPO allotment is expected on August 22, 2024.
Brace Port Logistics IPO allotment status is not available at this time. Brace Port Logistics IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Brace Port Logistics Limited’s IPO allotment status.
To check Brace Port Logistics IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to braceport.ipo@linkintime.co.in.
About Brace Port Logistics
Brace Port Logistics Limited, incorporated in November 2020, specializes in ocean cargo logistics services, catering to clients across a wide range of sectors.
In addition to ocean freight, the company offers air freight services, warehousing facilities, and specialized cargo services, including handling and delivering cargo between foreign countries. They also provide customs clearance services.
With a robust network, Brace Port Logistics serves diverse industries such as medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both within India and internationally. Their global operations extend to countries like Germany, Vietnam, UAE, Hong Kong, and Bangladesh.
The company is certified under ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2015 for Occupational Health and Safety Management Systems.
As of August 31, 2023, Brace Port Logistics employed 20 people across various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
Promoter and Management Team
- Skyways Air Services Private Limited
- Mr. Yash Pal Sharma
- Mr. Tarun Sharma
- Mr. Sachin Arora
- Mr. Rishi Trehan
Brace Port Logistics Limited Contact Details
A-182, Mahipalpur Extension,
5, Road No 4,
South Delhi, Mahipalpur-New Delhi-110037
Phone: 011 – 41729003
Email: cs@braceport-logistics.com
Website: http://www.braceport-logistics.com/
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