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Brace Port Logistics IPO is a book built issue of Rs 24.41 crores. The issue is entirely a fresh issue of 30.51 lakh shares.
Brace Port Logistics IPO bidding started from August 19, 2024 and ended on August 21, 2024. The allotment for Brace Port Logistics IPO was finalized on Thursday, August 22, 2024. The shares got listed on NSE SME on August 26, 2024.
Brace Port Logistics IPO price band is set at ₹76 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Holani Consultants Private Limited is the book running lead manager of the Brace Port Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Brace Port Logistics IPO is Holani Consultants.
Refer to Brace Port Logistics IPO RHP for detailed information.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
| Fresh Issue | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,250,000 |
| Share holding post issue | 11,301,200 |
| Market Maker portion | 155,200 shares Holani Consultants |
Brace Port Logistics IPO offers 3,051,200 shares. 358,400 (11.75%) to QIB, 800,000 (26.22%) to NII, 1,200,000 (39.33%) to RII and 537,600 (17.62%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 537,600 (17.62%) |
| Market Maker Shares Offered | 155,200 (5.09%) |
| QIB Shares Offered | 358,400 (11.75%) |
| NII (HNI) Shares Offered | 800,000 (26.22%) |
| Retail Shares Offered | 1,200,000 (39.33%) |
| Total Shares Offered | 3,051,200 (100%) |
Brace Port Logistics IPO raises Rs 4.30 crore from anchor investors. Brace Port Logistics IPO Anchor bid date is August 16, 2024. Brace Port Logistics IPO Anchor Investors list
| Bid Date | August 16, 2024 |
| Shares Offered | 537,600 |
| Anchor Portion Size (In Cr.) | 4.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 20, 2024 |
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 |
| 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 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
| Lot Size Calculator | |||
The promoters of the company are Skyways Air Services Private Limited, Mr. Yash Pal Sharma, Mr. Tarun Sharma, Mr. Sachin Arora and Mr. Rishi Trehan.
| Share Holding Pre Issue | 96.04% |
| Share Holding Post Issue |
Incorporated in November 2020, Brace Port Logistics Limited is a company that specializes in providing ocean cargo logistics services to clients across various sectors of the economy.
The company also provides services such as Air Freight, Warehousing facilities, 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 serves customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and globally.
The company provide 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 employed 20 people. They worked in departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Brace Port Logistics IPO is Rs 90.41 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 43.19% |
| ROCE | 47.05% |
| Debt/Equity | 0.04 |
| RoNW | 35.52% |
| P/BV | 4.79 |
| PAT Margin (%) | 8.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.93 | 4.33 |
| P/E (x) | 13.49 | 18.48 |
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is an emerging player in cargo logistics and related services. It has to its credit Ro-Ro deals that was handled for the first time by an Indian company. The company marked good progress in just four years of operations. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review...
The Brace Port Logistics IPO is subscribed 657.81 times on August 21, 2024 6:20:00 PM. The public issue subscribed 588.74 times in the retail category, 450.04 times in the QIB category, and 854.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 450.04 |
| NII | 854.49 |
| Retail | 588.74 |
| Total | 657.81 |
Total Application : 441,557 (588.74 times)
| Listing Date | August 26, 2024 |
| BSE Script Code | |
| NSE Symbol | BRACEPORT |
| ISIN | INE0R4Z01018 |
| Final Issue Price | ₹80 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹80.00 |
| ₹167.55 |
| ₹167.55 |
| ₹167.55 |
| ₹167.55 |
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/
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
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Brace Port Logistics IPO is a SME IPO of 3,051,200 equity shares of the face value of ₹10 aggregating up to ₹24.41 Crores. The issue is priced at ₹76 to ₹80 per share. The minimum order quantity is 1600 Shares.
The IPO opens on August 19, 2024, and closes on August 21, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Brace Port Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Brace Port Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brace Port Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brace Port Logistics IPO opens on August 19, 2024 and closes on August 21, 2024.
Brace Port Logistics IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
You can apply in Brace Port Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Brace Port Logistics IPO will be done on Thursday, August 22, 2024, and the allotted shares will be credited to your demat account by Friday, August 23, 2024. Check the Brace Port Logistics IPO allotment status.
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RHP
IPO Mentor (1200+ Posts, 400+ Likes)
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It looks like either a huge correction or well thought attack on SMEs
What it is exactly