Brace Port Logistics IPO
#1. Quick Intro to Brace Port Logistics IPO
The initial public offering (IPO) of Brace Port Logistics will open for subscription on August 19 and close on August 21, comprising fresh issues of Rs.24.41 crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on August 26, 2024.
Brace Port Logistics Limited (2020) is a service-based logistics company primarily engaged in the business of providing Oceancargo logistics services to clients operating in the various sectors of the economy. The company also provide various value-added services like Air Freight, Warehousing facilities, special cargo services and custom clearance services. The company along with our group companies and holding company have an extensive network across the globe. The company provide our services at a worldwide level where we cater for clients across the globe and even provide cross-border shipment facilities as well.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Brace Port Logistics
The company intends to use the IPO Funds for the following purposes:
- Funding towards the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Brace Port Logistics Core Strengths
- PAN India and Global reach
- Long-lasting business relationship
- Comprehensive solutions to transportation requirements
- Technology integrated services
#4. Brace Port Logistics IPO Review & Rating
| Issue Size | Rs.24.41 crore |
| Issue Price | Rs.76-80 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (Latest) | Rs.489.13 lakhs |
| ROE (%) | 43.19 |
| RONW (%) | 47.05 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | Three |
#5. Brace Port Logistics IPO Dates, Price Band & Details
Brace Port Logistics IPO will open on August 19, 2024, and close on August 21, 2024. The IPO is to be listed on August 26, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.24.41 crore |
| Price Brand | Rs.76-80 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | August 19, 2024 |
| IPO Close Date | August 21, 2024 |
| IPO Allotment Date | August 22, 2024 |
| Refund Date | August 23, 2024 |
| Share Credit Date | August 23, 2024 |
| Listing Date | August 26, 2024 |
#6. Brace Port Logistics IPO Offer Details
Brace Port Logistics IPO’s total issue size is 30,51,200 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 30,51,200 | Rs.24.41 |
| Offer for Sale (OFS) | – | – |
#7. Brace Port Logistics Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 5500.43 | 7045.35 | 5413.79 |
| Net Worth | 1377.18 | 888.05 | 419.96 |
| Profit | 489.13 | 618.09 | 322.39 |
| Total Borrowings | 48.97 | 59.10 | 0 |
#8. Brace Port Logistics Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 5.93 | 7.49 | 3.91 |
| RoNW (%) | 35.52 | 69.60 | 76.77 |
| NAV (Rs.) | 16.69 |
#9. Brace Port Logistics Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | NAV |
| Tiger Logistics | 24025.85 | 11.70 | 104.83 |
| AVG Logistics | 47976.02 | 16.35 | 146.51 |
#10. Brace Port Logistics Company Promoters
The company has five promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Skyways Air Services Private Limited |
| 02. | Yash Pal Sharma |
| 03. | Tarun Sharma |
| 04. | Sachin Arora |
| 05. | Rishi Trehan |
#11. Brace Port Logistics Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 96.04 |
| Post-issue | – |
Click here for the previous sme IPO
#12. Brace Port Logistics IPO Reservation Details
Brace Port Logistics IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
#13. Brace Port Logistics IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 1,28,000 |
| Retail (Max.) | 1 | 1600 | 1,28,000 |
| HNI (Min.) | 2 | 3200 | 2,56,000 |
#14. Brace Port Logistics IPO – Prospectus Copy
An investor can download/view the Brace Port Logistics prospectus copy, which the company filed to exchange, details are as follows.
| Brace Port Logistics IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Brace Port Logistics IPO Registrar
Link Intime India Limited
Website: www.linkintime.co.in
#16. Brace Port Logistics IPO Lead Managers
Holani Consultants Private Limited
Website: www.holaniconsultants.co.in
#17. Brace Port Logistics IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Brace Port Logistics IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Brace Port Logistics Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Brace Port Logistics Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Brace Port Logistics Company Details
Brace Port Logistics Limited
Registered Office: A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur, New Delhi -110037
Email: cs@braceport-logistics.com
Website: www.braceport-logistics.com
#19. Brace Port Logistics Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Brace Port Logistics Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Yash Pal Sharma |
| 02. | Tarun Sharma |
Brace Port Logistics IPO – Frequently Asked Questions (FAQs)
| #1. What is a Brace Port Logistics IPO?
Brace Port Logistics brings its IPO of Rs.24.41 crore, on August 19, 2024, with a price band of Rs.76-80 per share. |
| #2. What is the Brace Port Logistics IPO Open date?
Brace Port Logistics IPO’s opening date is August 19, 2024. |
| #3. What is the Brace Port Logistics IPO Close Date?
Brace Port Logistics IPO’s closing date is August 21, 2024. |
| #4. What is the Brace Port Logistics IPO Listing date?
Brace Port Logistics’s IPO listing date is August 26, 2024. |
| #5. What is the Brace Port Logistics IPO Minimum investment amount?
Brace Port Logistics IPO’s minimum investment amount is Rs. 1,28,000 |
| #6. What is the Brace Port Logistics IPO offer issue Size?
Brace Port Logistics offers an issue size of Rs.24.41 crore. |
| #7. What is the Brace Port Logistics IPO Price Band?
Brace Port Logistics’s IPO price band is Rs.76-80 per share. |
| #8. Is Brace Port Logistics IPO mainboard IPO or SME IPO?
Brace Port Logistics IPO is an SME IPO. |
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