Brace Port Logistics IPO Allotment Status

Summary 

Brace Port Logistics IPO has seen an overwhelming response, closing with a subscription of 657.81 times. The public issue was subscribed 854.49 times in the Non-Institutional Investors (NII) category, reflecting the highest demand among all investor groups. In the retail category, the IPO was subscribed 588.74 times, indicating substantial interest from individual investors.

The Qualified Institutional Buyers (QIB) category also showed strong participation, subscribing 450.04 times. Overall, the IPO garnered significant attention across various segments, leading to a total subscription of 657.81 times by August 21, 2024 (Day 3), making it a highly successful offering.

How to Check Brace Port Logistics IP Allotment Status:

How do you Check Brace Port Logistics IPO Allotment Status on the Registrar's Site?

Step 1: Go to Link Intime India's official website at https://linkintime.co.in/Initial_Offer/public-issues.html. 

Step 2: Select "Brace Port Logistics Limited" from the dropdown menu's list of businesses. (The name will appear after the share distribution is finalised.) 

Step 3: To check the status of your allotment, choose from PAN, Application Number, DP/Client ID, or Account Number/IFSC. 

Step 4: Enter the necessary data according to your above selection.

Step 5: Click on the ‘Submit’ button to see your allotment status.

How to Check Brace Port Logistics IPO Allotment Status on BSE?

Here's how to use the BSE website to monitor the progress of Brace Port Logistics Limited's IPO allotment.

Step 1: Go to the BSE website. (https://www.bseindia.com/investors/appli_check.aspx.)

Step 2: Under Issue Type, choose "Equity."

Step 3: From the drop-down option, select Brace Port Logistics Ltd.

Step 4: Type in the PAN or Application No.

Step 5: Select "I am not a Robot" and press "Submit."

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.
Brace Port Logistics IPO Timeline: 

Brace Port Logistics IPO Timeline: 

Brace Port Logistics IPO Subscription Status

The Brace Port Logistics IPO received 657.81 subscriptions. By August 21, 2024 (Day 3), the public issue had been subscribed 588.74 times in the retail category, 450.04 times in the QIB category, and 854.49 times in the NII category.

Subscription Day 1
Total Subscription: 52.27 times.
QIBs: 6.59 times.
Non-institutional investors: 29.03 times.
Retail investors: 81.41 times.

Subscription Day 2
Total Subscription: 156.24 times.
QIBs: 16.83 times.
Non-institutional investors: 106.16 times.
Retail investors: 231.26  times.

Subscription Day 3
Total Subscription: 657.81 times.
QIBs: 450.04 times.
Non-Institutional investors: 854.49 times.
Retail investors: 588.74 times.
 

Brace Port Logistics IPO Details

The book-built issue of Brace Port Logistics is valued at Rs 24.41 crores. The issuance consists only of a fresh issue of 30.51 lakh share offering.

The Brace Port Logistics initial public offering (IPO) auction was held from August 19, 2024, until August 21, 2024. On Thursday, August 22, 2024, the Brace Port Logistics IPO allocation is anticipated to be completed. The Brace Port Logistics IPO's proposed listing date is Monday, August 26, 2024, on NSE SME.

The price band for Brace Port Logistics' IPO is ₹76 to ₹80 per share. An application requires a minimum lot size of 1600 shares. Retail investors must invest a minimum of ₹128,000. HNI requires a minimum investment of two lots (3,200 shares), or ₹256,000.

The Brace Port Logistics IPO's book-running lead manager is Holani Consultants Private Limited, and the registrar is Link Intime India Private Ltd. Holani Consultants is the market maker for the IPO of Brace Port Logistics.