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.
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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 Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
| Fresh Issue | 3,051,200 shares (aggregating up to ₹24.41 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 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹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 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
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.