The Brace Port Logistics IPO is a book-built issue consisting of 30.51 lakh shares, all of which are part of a fresh issue.
The IPO will open for subscription on August 19, 2024, and close on August 21, 2024. The allotment is expected to be finalized on Thursday, August 22, 2024, with a tentative listing date on the NSE SME set for Monday, August 26, 2024.
The price band for the Brace Port Logistics IPO has not yet been announced.
- Book Running Lead Manager – Holani Consultants Private Limited
- Registrar of the Issue – Link Intime India Private Ltd.
- Market Maker – Holani Consultants Private Limited.
Below are the details of Brace Port Logistics IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Brace Port Logistics IPO Details
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 3,051,200 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,051,200 shares (aggregating up to ₹[.] 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 |
Brace Port Logistics IPO Timeline
| 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 |
Brace Port Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Brace Port Logistics IPO Promoters
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.
Brace Port Logistics IPO Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Brace Port Logistics IPO Review
Founded in November 2020, Brace Port Logistics Limited specializes in ocean cargo logistics services across various sectors. The company also offers air freight, warehousing, special cargo handling, international cargo delivery, and customs clearance services.
Brace Port Logistics serves a diverse range of industries, including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and internationally. The company operates in countries such as Germany, Vietnam, the UAE, Hong Kong, and Bangladesh.
The company is certified under ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2015 for Occupational Health and Safety. As of August 31, 2023, Brace Port Logistics employed 20 people across various departments, including finance, compliance, marketing, logistics, and operations.
FAQs About Brace Port Logistics IPO 2024
Q1. What is the Brace Port Logistics IPO?
Ans. The Brace Port Logistics IPO is a book-built issue consisting of 30.51 lakh shares, all of which are part of a fresh issue.
Q2. When will the Brace Port Logistics IPO open and close for subscription?
Ans. The Brace Port Logistics IPO opens on August 19, 2024, and closes on August 21, 2024.
Q3. When will the allotment for the Brace Port Logistics IPO be finalized?
Ans. The allotment for the Brace Port Logistics IPO is expected to be finalized on Thursday, August 22, 2024.
Q4. When is the Brace Port Logistics IPO expected to list on the stock exchange?
Ans. The Brace Port Logistics IPO is tentatively scheduled to list on the NSE SME on Monday, August 26, 2024.
Q5. What is the price band for the Brace Port Logistics IPO?
Ans. The price band for the Brace Port Logistics IPO has not yet been announced.
Q6. What services does Brace Port Logistics Limited offer?
Ans. Brace Port Logistics Limited specializes in ocean cargo logistics and also provides air freight, warehousing, special cargo handling, international cargo delivery, and customs clearance services.
Q7. In which industries does Brace Port Logistics operate?
Ans. Brace Port Logistics serves a variety of industries, including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive.
Q8. What countries does Brace Port Logistics serve?
Ans. Brace Port Logistics operates in countries such as Germany, Vietnam, the UAE, Hong Kong, and Bangladesh.