IPO Insights

Brace Port Logistics Limited IPO

NiftyTrader • August 14, 2024

Brace Port Logistics Limited IPO opens on August 19, 2024, and closes on August 21, 2024. The allotment for the Brace Port Logistics Limited IPO is anticipated to be completed on Thursday, August 22, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Monday, August 26,2024.

The Brace Port Logistics Limited IPO’s price band is Rs 76 to Rs 80 per share. The IPO is a book-built issue of Rs 24.41 crores crores, entirely a fresh issue of 30.51 Lakhs shares.

Brace Port Logistics IPO Details

IPO DateAugust 19, 2024 to August 21, 2024
Listing Date[.]
Face Value₹10 per share
Price₹76 to ₹80 per share
Lot Size1600 Shares
Total Issue Size3,051,200 shares
(aggregating up to ₹24.41 Cr)
Fresh Issue3,051,200 shares
(aggregating up to ₹24.41 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue8,250,000
Shareholding post-issue11,301,200
Market Maker portion155,200 shares

Brace Port Logistics IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)11600₹128,000
Retail (Max)11600₹128,000
S-HNI (Min)23200₹256,000

Brace Port Logistics IPO Objectives

The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. General Corporate Purpose
  2. Funding of working capital requirements of the company;

About Brace Port Logistics Limited

Brace Port Logistics Limited, incorporated in November 2020, offers ocean cargo logistics services across multiple industries. Their services also include air freight, warehousing, special cargo handling, and customs clearance. The company operates internationally, serving sectors like medical supplies, pharmaceuticals, electronics, and automotive, with clients in Germany, Vietnam, UAE, Hong Kong, and Bangladesh.

Certified in ISO 9001:2015, 14001:2015, and 45001:2015, the company ensures quality, environmental, and safety standards. As of August 31, 2023, Brace Port Logistics had 20 employees across departments like Finance, Compliance, Marketing, Operations, and Management.

Brace Port Logistics Limited Financial Information

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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets2,783.291,310.781,179.14409.61
Revenue5,524.597,093.665,419.57706.25
Profit After Tax489.13618.09322.3922.57
Net Worth1,377.18888.05419.9697.57
Reserves and Surplus552.18813.05344.9622.57
Total Borrowing48.9759.165.62
Amount in ₹ Lakhs

Brace Port Logistics IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Brace Port Logistics IPO Timeline

Brace Port Logistics IPO opens on August 19, 2024, and closes on August 21, 2024.

IPO Open DateMonday, August 19, 2024
IPO Close DateWednesday, August 21, 2024
Basis of AllotmentThursday, August 22, 2024
Initiation of RefundsFriday, August 23, 2024
A credit of Shares to DematFriday, August 23, 2024
Listing DateMonday, August 26, 2024
Cut-off time for UPI mandate confirmation5 PM on August 21, 2024

Conclusion

Brace Port Logistics Limited’s IPO will open from August 19 to 21, 2024, with a price range of Rs 76 to Rs 80 per share, aiming to raise Rs 24.41 crores. The company provides ocean cargo logistics services and plans to use the funds for working capital and general corporate purposes. Despite a revenue and profit drop in FY 2024, the company shows asset growth and operates internationally. The IPO will list on August 26, 2024, on the NSE SME, with a minimum lot size of 1,600 shares for retail investors.

NiftyTrader

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