Brace Port Logistics IPO vs Forcas Studio IPO

Comparision between Brace Port Logistics IPO and Forcas Studio IPO.

IPO Details

Brace Port Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Forcas Studio IPO is a SME Book Built Issue proposed to list at NSE SME.

	Brace Port Logistics IPO	Forcas Studio IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Holani Consultants Private Limited	Horizon Management Private Limited
Registrar	Link Intime India Private Ltd	Mas Services Limited
Market Maker	Holani Consultants Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Brace Port Logistics IPO is up to ₹24.41 Cr whereas the issue size of the Forcas Studio IPO is up to ₹37.44 Cr. The final issue price of Brace Port Logistics IPO is and of Forcas Studio IPO is .

	Brace Port Logistics IPO	Forcas Studio IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share	₹77.00 per share
Issue Price (Upper)	₹80.00 per share	₹80.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	30,51,200 shares	46,80,000 shares
Fresh Issue Size (Amount)	up to ₹24.41 Cr	up to ₹37.44 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,51,200 shares	46,80,000 shares
Issue Size Total (Amount)	up to ₹24.41 Cr	up to ₹37.44 Cr

IPO Timetable

Brace Port Logistics IPO opens on Aug 19, 2024, while Forcas Studio IPO opens on Aug 19, 2024. The closing date of Brace Port Logistics IPO and Forcas Studio IPO is Aug 21, 2024, and Aug 21, 2024, respectively.

	Brace Port Logistics IPO	Forcas Studio IPO
Anchor Bid Date	Aug 16, 2024	Aug 16, 2024
Issue Open	Aug 19, 2024	Aug 19, 2024
Issue Close	Aug 21, 2024	Aug 21, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 22, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 23, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 23, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 26, 2024
Anchor Lockin End date 1		Sep 21, 2024
Anchor Lockin End date 2		Nov 20, 2024

Financials

Brace Port Logistics IPO P/E ratio is 13.49, as compared to Forcas Studio IPO P/E ratio of 58.82.

Brace Port Logistics IPO

Forcas Studio IPO

Financial

Brace Port Logistics Limited Financial Information (Restated Standalone)

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	2,783.29	1,310.78	1,179.14	409.61
Revenue	5,524.59	7,093.66	5,419.57	706.25
Profit After Tax	489.13	618.09	322.39	22.57
Net Worth	1,377.18	888.05	419.96	97.57
Reserves and Surplus	552.18	813.05	344.96	22.57
Total Borrowing	48.97	59.1		65.62
Amount in ₹ Lakhs

Forcas Studio Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,379.43	3,923.85	4,333.27	4,890.73
Revenue	9,648.78	7,162.42	5,380.44	5,113.14
Profit After Tax	553.31	114.55	78.44	55.55
Net Worth	1,901.97	860.26	830.84	711.94
Reserves and Surplus	611.97
Total Borrowing	2,861.04	2,325.26	2,419.99	2,437.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.04%

82.17%

Promoter Shareholding (Post-Issue)

60.30%

P/E Ratio

13.49

58.82

Market Cap

₹90.41 Cr.

ROE

43.19%%

27.06%%

ROCE

47.05%%

18.54%%

Debt/Equity

0.04

1.5

EPS

₹5.93

₹1.36

RoNW

35.52%%

27.06%%

Shares Offered

In the Brace Port Logistics IPO retail investors (RII) are offered while in Forcas Studio IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Brace Port Logistics IPO and in Forcas Studio IPO.

	Brace Port Logistics IPO	Forcas Studio IPO
Anchor Investor Reserveration		13,31,200 shares
Market Maker Reserveration	1,55,200 shares	2,35,200 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Brace Port Logistics IPO subscribed in total, whereas Forcas Studio IPO subscribed .

	Brace Port Logistics IPO	Forcas Studio IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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Brace Port Logistics IPO	Forcas Studio IPO
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