Brace Port Logistics is scheduled to hit the market on August 19, 2024 and close on August 21, 2024. Brace Port Logistics plans to raise around ₹24.41 Cr through an IPO with a sale of up to 3,051,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Brace Port Logistics Limited, established in November 2020, specializes in ocean cargo logistics services for clients across diverse sectors. The company offers a range of services, including air freight, warehousing, special cargo handling in foreign countries, delivery services, and customs clearance. With a robust network, Brace Port serves various industries such as medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, catering to both Indian and global markets.
As of August 31, 2023, Brace Port employed 20 individuals across multiple departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor. The company is certified in Quality Management Systems (ISO 9001:2015), Environmental Management Systems (ISO 14001:2015), and Occupational Health and Safety Management Systems (ISO 45001:2015), ensuring high standards in its operations while serving clients in countries like Germany, Vietnam, UAE, Hong Kong, and Bangladesh.
Brace Port Logistics IPO Details
Brace Port Logistics IPO opens on August 19, 2024, and closes on August 21, 2024. The Listing date for Brace Port Logistics IPO is on August 26, 2024. The price band for IPO is ₹76 to ₹80 per share and lot size of 1600 Shares.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 |
| Price | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹24.41 Cr |
| Face Value | ₹10 per share |
Brace Port Logistics IPO Tentative Timetable
Brace Port Logistics opening date is August 19, 2024 and close date is August 21, 2024. The IPO allotment date is August 22, 2024. Therefund initiation of IPO is on August 23, 2024. The credit of shares in demat account is on August 23, 2024. The listing date is on August 26, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 19, 2024 |
| IPO Closing | August 21, 2024 |
| IPO Allotment Date | August 22, 2024 |
| Refund Initiation | August 23, 2024 |
| Shares Credit to Demat | August 23, 2024 |
| Lisiting Date | August 26, 2024 |
Brace Port Logistics IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹128,000 |
| Retail(Maximum) | 1 | 1600 | ₹128,000 |
| HNI (Minimum) | 2 | 3200 | ₹256,000 |
Brace Port Logistics IPO Promoter Holding
| Pre Issue Share Holding | 96.04% |
| Post Issue Share Holding |
Brace Port Logistics IPO Review
Brace Port Logistics Ltd. (BPLL) is set to launch its initial public offering (IPO) with a book-building route, offering 3,051,200 equity shares at a price band of ₹76 – ₹80 per share. As a prominent player in the ocean cargo logistics sector, BPLL also provides value-added services such as air freight, warehousing, and special cargo handling. The company has shown impressive growth in FY23, driven by high-margin contracts, and continues to expand its global footprint. With a focus on optimizing supply chain solutions and leveraging advanced technology, BPLL caters to diverse sectors, including pharmaceuticals, electronics, and automotive.
Financially, BPLL has demonstrated robust performance with steady revenue and profit growth. For FY23, the company reported a total income of ₹70.94 crore and a net profit of ₹6.18 crore. The IPO is priced at a P/E ratio of 18.48 based on FY24 earnings and 14.63 based on FY23 earnings, suggesting that the issue is reasonably valued. Additionally, the company’s average Return on Net Worth (RoNW) stands at an impressive 53.75% over the past three years, indicating strong profitability and efficient use of equity.
The IPO, opening on August 19, 2024, and closing on August 21, 2024, aims to raise ₹24.41 crore, with funds allocated for working capital and general corporate purposes. BPLL has a notable record of executing specialized Ro-Ro deals and has quickly established itself as a preferred logistics service provider. Given its promising growth trajectory, strong financial metrics, and unique market position, investors looking for medium to long-term gains may find this IPO attractive. The recommendation is to subscribe to the issue for potential future benefits.
Brace Port Logistics IPO Subscription Status (Bidding Details)
Table not foundBrace Port Logistics IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Brace Port Logistics IPO FAQs
What is Brace Port Logistics IPO?
Brace Port Logistics is issuing 3,051,200 equity shares with a face value of ₹10 each, totaling up to ₹24.41 Cr. The shares are being offered at a price of ₹76 to ₹80 each, with a minimum order quantity of 1600 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Brace Port Logistics IPO will open?
Brace Port Logistics will open on August 19, 2024 for QIB, NII, and Retail Investors.
When Brace Port Logistics IPO will end?
Brace Port Logisticss will end on August 21, 2024.
What is Brace Port Logistics IPO Size?
Brace Port Logistics IPO size is ₹24.41 Cr.
What is Brace Port Logistics IPO Price Band?
Brace Port Logistics price band is ₹76 to ₹80 per share.
What is the Brace Port Logistics IPO Allotment Date?
Brace Port Logistics allotment date is August 22, 2024.
What is the Brace Port Logistics IPO Listing Date?
Brace Port Logistics listing date is August 26, 2024. The IPO is to be listed on BSE and NSE.
How to Brace Port Logistics IPO through Zerodha?
To apply for the IPO “Brace Port Logistics” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Brace Port Logistics IPO through Upstox?
To apply for the IPO “Brace Port Logistics” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Brace Port Logistics IPO Allotment Status?
For Brace Port Logistics IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Brace Port Logistics IPO GMP?
You can check out here: Brace Port Logistics IPO GMP