Brace Port Logistics IPO vs Sunlite Recycling Industries IPO

Comparision between Brace Port Logistics IPO and Sunlite Recycling Industries IPO.

IPO Details

Brace Port Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Brace Port Logistics IPO	Sunlite Recycling Industries 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	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Holani Consultants Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	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 Sunlite Recycling Industries IPO is up to ₹30.24 Cr. The final issue price of Brace Port Logistics IPO is ₹80.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

	Brace Port Logistics IPO	Sunlite Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share	₹100.00 per share
Issue Price (Upper)	₹80.00 per share	₹105.00 per share
Issue Price (Final)	₹80.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	30,51,200 shares	28,80,000 shares
Fresh Issue Size (Amount)	up to ₹24.41 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,51,200 shares	28,80,000 shares
Issue Size Total (Amount)	up to ₹24.41 Cr	up to ₹30.24 Cr

IPO Timetable

Brace Port Logistics IPO opens on Aug 19, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Brace Port Logistics IPO and Sunlite Recycling Industries IPO is Aug 21, 2024, and Aug 14, 2024, respectively.

	Brace Port Logistics IPO	Sunlite Recycling Industries IPO
Anchor Bid Date	Aug 16, 2024	Aug 09, 2024
Issue Open	Aug 19, 2024	Aug 12, 2024
Issue Close	Aug 21, 2024	Aug 14, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 16, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 19, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 19, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 20, 2024
Anchor Lockin End date 1	Sep 21, 2024	Sep 15, 2024
Anchor Lockin End date 2	Nov 20, 2024	Nov 14, 2024

Financials

Brace Port Logistics IPO P/E ratio is 13.49, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.

Brace Port Logistics IPO

Sunlite Recycling Industries 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

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% 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	6,321.24	7,162.56	4,802.05	3,743.20
Revenue	116,655.09	115,039.91	93,791.80	39,400.84
Profit After Tax	890.36	560.27	426.03	252.55
Net Worth	2,003.90	362.08	1,158.58	622.18
Reserves and Surplus	1,203.90	312.08
Total Borrowing	3,491.74	4,646.82	2,532.38	1,711.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.04%

100.00%

Promoter Shareholding (Post-Issue)

73.53%

P/E Ratio

13.49

9.43

Market Cap

₹90.41 Cr.

₹114.24 Cr.

ROE

43.19%%

75.26%%

ROCE

47.05%%

29.49%%

Debt/Equity

0.04

1.74

EPS

₹5.93

₹11.13

RoNW

35.52%%

44.43%%

Shares Offered

In the Brace Port Logistics IPO retail investors (RII) are offered 12,00,000 shares while in Sunlite Recycling Industries IPO retail investors are offered 12,00,000 shares. Qualified institutional buyers (QIB) are offered 3,58,400 shares in Brace Port Logistics IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

	Brace Port Logistics IPO	Sunlite Recycling Industries IPO
Anchor Investor Reserveration	5,37,600 shares	8,18,400 shares
Market Maker Reserveration	1,55,200 shares	1,48,800 shares
QIB	3,58,400 shares	5,46,000 shares
NII	8,00,000 shares	4,10,400 shares
RII	12,00,000 shares	9,56,400 shares
Employee	0 shares	0 shares
Others
Total	23,58,400 shares	19,12,800 shares

Bids Received (Subscription)

Brace Port Logistics IPO subscribed 657.81x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

	Brace Port Logistics IPO	Sunlite Recycling Industries IPO
QIB (times)	450.04x	109.05x
NII (times)	854.49x	584.10x
Big NII (times)
Small NII (times)
RII (times)	588.74x	252.00x
Employee (times)
Other (times)
Total (times)	657.81x	282.45x

Compare with others

Brace Port Logistics IPO	Sunlite Recycling Industries IPO
Ideal Technoplast Industries IPO	QVC Exports IPO
QVC Exports IPO	Forcas Studio IPO
Forcas Studio IPO	Solve Plastic Products IPO
Solve Plastic Products IPO	Broach Lifecare Hospital IPO
Broach Lifecare Hospital IPO	Brace Port Logistics IPO
Sunlite Recycling Industries IPO	Positron Energy IPO
Positron Energy IPO	Aesthetik Engineers IPO
Aesthetik Engineers IPO	Picture Post Studios IPO
Picture Post Studios IPO	Afcom Holdings IPO
Afcom Holdings IPO	Dhariwalcorp IPO

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