Brace Port Logistics IPO Details – Should You Consider It?

The Brace Port Logistics IPO is a book-built issue worth ₹24.41 crores, consisting entirely of a fresh issue of 30.51 lakh shares.

The IPO will be open for subscription from August 19, 2024, to August 21, 2024. Allotments are expected to be finalized on Thursday, August 22, 2024, with the listing on NSE SME tentatively scheduled for Monday, August 26, 2024.

The price band for the IPO is set between ₹76 and ₹80 per share. The minimum application lot size is 1,600 shares, requiring a minimum investment of ₹128,000 for retail investors. High-net-worth individuals (HNIs) must apply for a minimum of 2 lots (3,200 shares), totaling ₹256,000.

Below are the details of Brace Port Logistics IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.

Track All IPOs opening and closing today on our comprehensive list of IPO Watchlist 2024!

Brace Port Logistics IPO Details

IPO DateAugust 19, 2024 to August 21, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹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
Share holding pre issue8,250,000
Share holding post issue11,301,200
Market Maker portion155,200 shares

Brace Port Logistics IPO Timeline

IPO Open DateMonday, August 19, 2024
IPO Close DateWednesday, August 21, 2024
Basis of AllotmentThursday, August 22, 2024
Initiation of RefundsFriday, August 23, 2024
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

Brace Port Logistics IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

Brace Port Logistics IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)11600₹128,000
Retail (Max)11600₹128,000
HNI (Min)23,200₹256,000

Brace Port 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 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 Review

Established in November 2020, Brace Port Logistics Limited specializes in ocean cargo logistics services for clients across various economic sectors.

In addition to ocean cargo, the company offers air freight, warehousing, specialized cargo handling (including international transport and delivery), and customs clearance services.

Brace Port Logistics maintains a robust network serving diverse industries such as medical supplies, pharmaceuticals, sports equipment, perishables, electronics, consumer durables, and automotive, both within India and internationally.

The company provides services to countries including Germany, Vietnam, UAE, Hong Kong, and Bangladesh.

Brace Port Logistics 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).

As of August 31, 2023, the company employed 20 people across departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.

Visit the official website!