Brace Port Logistics IPO Details: Brace Port Logistics is set to launch its IPO on August 19, 2024, with the subscription window closing on August 21, 2024. The company, a part of the NSE SME platform, aims to raise ₹24.41 crores through this public offering. The IPO price band is determined at ₹76 to ₹80 per share, with a minimum lot size of 1,600 shares.
As a service-oriented logistics company, Brace Port Logistics specializes in providing ocean cargo logistics services to clients across various sectors. Their offerings extend beyond ocean freight, including air freight, warehousing, special cargo services (such as handling and delivering cargo internationally), and customs clearance. Leveraging an extensive global network in collaboration with their group and holding companies, they serve a worldwide clientele, offering cross-border shipment solutions.
The company’s team comprises skilled professionals with deep industry knowledge, backed by over two decades of experience from its promoters. Their holding company is a prominent player in India’s air cargo industry. Brace Port Logistics is committed to delivering highly optimized and tailored supply chain solutions, supported by advanced technology systems. With a strong pan-India and global presence, they cater to diverse industries, including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive. Their experienced team is adept at managing complex logistics operations, using cutting-edge systems and processes to navigate challenges effectively. They maintain a flexible approach to supply chain management, ensuring the best routes and pricing options for their clients.
Brace Port Logistics 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 Review (Apply or Not)
- Update soon
Brace Port Logistics IPO Date & Price Band Details:
| IPO Open: | August 19, 2024 |
| IPO Close: | August 21, 2024 |
| IPO Size: | Approx ₹24.41 Crores, 3,051,200 Equity Shares |
| Fresh Issue: | Approx ₹24.41 Crores, 3,051,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹76 to ₹80 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Brace Port Logistics IPO Lot Size:
The minimum market lot for the Brace Port Logistics IPO is 1,600 shares, requiring an application amount of ₹128,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹128,000 |
| Retail Maximum | 1 | 1600 | ₹128,000 |
| S-HNI Minimum | 2 | 3200 | ₹256,000 |
Brace Port Logistics IPO Timeline:
The Brace Port Logistics IPO is scheduled to open on August 19, 2024, and will close on August 21, 2024. The allotment of shares is expected on August 22, 2024, with the potential listing date set for August 26, 2024.
| IPO Open Date: | August 19, 2024 |
| IPO Close Date: | August 21, 2024 |
| Basis of Allotment: | August 22, 2024 |
| Refunds: | August 23, 2024 |
| Credit to Demat Account: | August 23, 2024 |
| IPO Listing Date: | August 26, 2024 |
Brace Port Logistics IPO GMP Today:
The Grey Market Premium (GMP) for the Brace Port Logistics SME IPO stands at ₹85. With the IPO’s price band set at ₹80 per share, the estimated listing price is projected to be ₹165 (cap price plus today’s GMP). This suggests an expected percentage gain of approximately 106.25% per share.
Brace Port Logistics Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹54.20 | ₹49.88 | ₹3.22 |
| 2023 | ₹70.94 | ₹62.59 | ₹6.18 |
| 2024 | ₹55.25 | ₹48.63 | ₹4.89 |
Brace Port Logistics IPO Valuation – FY2024
Check Brace Port Logistics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.93 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 35.52% |
| Net Asset Value (NAV): | ₹16.69 per Equity Share |
Peer Group
- Tiger Logistics (India) Limited
- AVG Logistics Limited
Company Promoters
- Skyways Air Services Private Limited
- Mr. Yash Pal Sharma
- Mr. Tarun Sharma
- Mr. Sachin Arora
- Mr. Rishi Trehan
Brace Port Logistics IPO Registrar
Link 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 Allotment Status
Check Brace Port Logistics IPO allotment status on LinkIntime website URL. Click Here
Brace Port Logistics IPO Lead Managers aka Merchant Bankers
- Holani Consultants Private Limited
Company Address
Brace Port Logistics Limited
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/
Brace Port Logistics IPO FAQs
1. What are the key dates for the Brace Port Logistics IPO?
- IPO Opening Date: August 19, 2024
- IPO Closing Date: August 21, 2024
- Allotment Date: August 22, 2024
- Expected Listing Date: August 26, 2024
2. What is the price band for the Brace Port Logistics IPO?
- The price band for the IPO is set between ₹76 and ₹80 per share.
3. What is the minimum lot size for the IPO?
- The minimum market lot is 1,600 shares, which requires an application amount of ₹128,000.
4. How much is the Grey Market Premium (GMP) for the IPO?
- As of August 16, 2024, the GMP is ₹85.
5. What is the estimated listing price for the IPO?
- The estimated listing price is ₹165 per share, considering the cap price of ₹80 and the current GMP.
6. What is the expected percentage gain or loss for the IPO?
- The expected percentage gain per share is approximately 106.25%.
7. What does Brace Port Logistics do?
- Brace Port Logistics is a service-based logistics company specializing in ocean cargo logistics. They also offer air freight, warehousing, special cargo handling, customs clearance, and cross-border shipment services.
8. How can I apply for the Brace Port Logistics IPO?
- You can apply for the IPO through your stockbroker or online trading platform. Ensure you meet the minimum lot size requirement and have the necessary funds available.
9. Where can I find more information about the IPO?
- For detailed information, you can visit the company’s official website or refer to the IPO prospectus, which provides comprehensive details about the offering.
10. What should I do if I have more questions about the IPO?
- If you have additional questions, consider contacting your financial advisor or the company’s investor relations team for further assistance.
