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Brace Port Logistics Ltd IPO

  • Status: Closed
  • - / - shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    26 Aug 2024

  • Listing Price

    ₹ 152.00

  • Listing Change

    -

  • Last Traded Price

    ₹ 99.25

IPO Details

  • Open Date

    19 Aug 2024

  • Close Date

    21 Aug 2024

  • IPO Price Range

    ₹ 0

  • IPO Size

    ₹ 0.00 Cr

  • Listing Exchange

    TBA

  • Listing Date

    26 Aug 2024

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IPO Timeline

Brace Port Logistics Ltd IPO Subscription Status

Last Updated: 26 August 2024 10:09 PM by chetan

Last Updated: 21st August 2024, 5:50 PM by 5paisa

Brace Port Logistics IPO is set to open on 19 August 2024 and will close on 21 August 2024. The company offers ocean freight logistics services to customers across a range of industries.

The IPO includes a fresh issue of  shares aggregating up to ₹24.41 Cr. The price range is ₹76 to ₹80 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 22 August 2024. It will go public on NSE SME, with a tentative listing date of 26 August 2024.

Holani Consultants Private Limited is the book-running lead manager, while Link Intime India Private Limited is the registrar. 

Brace IPO Size

Types Size (₹Cr)
Total IPO size 24.41
Offer for sale -
Fresh issue 24.41

Brace IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 1,600 1,28,000
Retail (Max) 1 1,600 1,28,000
HNI (Min) 2 3,200 2,56,000

Brace IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 450.04 3,58,400 16,12,92,800 1,290.34
NII (HNI) 854.49 8,00,000 68,35,88,800 5,468.71
Retail 588.74 12,00,000 70,64,89,600 5,651.92
Total 657.81 23,58,400 1,55,13,71,200 12,410.97

1. Funding the working capital requirements
2. General corporate purposes.

Brace Port Logistics Limited, which was incorporated in November 2020, is a business that offers ocean freight logistics services to customers across a range of industries.

The organization also offers specific cargo services, such as managing goods in foreign nations and delivering them to other foreign countries, air freight, warehousing facilities, and customs clearing services.

With a robust network, the firm caters to clients in several industries, such as pharmaceuticals, medical supplies, sports goods, electronics, consumer durables, perishables, and automobiles, both domestically and internationally.

The firm serves Bangladesh, Hong Kong, Vietnam, Germany, and the United Arab Emirates.

The organization holds certifications for the Occupational Health and Safety Management System (ISO 45001:2015), Environmental Management System (ISO 14001:2015), and Quality Management System (ISO ISO 9001:2015).

There were 20 employees at the firm as of August 31, 2023. They were employed by companies in divisions including Permanent Labor, Top-Level Management, Maintenance, Marketing & Logistics, Accounts & Finance, Compliance, and Production & Operations.


Peers

1. Tiger Logistics (India) Limited
2. AVG Logistics Limited

Strengths

1. Brace Port Logistics offers a wide range of logistics services, including ocean and air freight, warehousing, specialized cargo handling, and customs clearance. 
2. The company has established a strong network that spans various industries and geographies.
3. Brace Port Logistics is certified under ISO 9001:2015 (Quality Management Systems), ISO 14001:2015 (Environmental Management Systems), and ISO 45001:2015 (Occupational Health and Safety Management Systems). 
4. The company serves critical sectors such as medical supplies, pharmaceuticals, and perishables, which often require specialized logistics solutions. 

Risks

1. The logistics industry is highly competitive, with numerous players offering similar services. 
2. As a relatively new company, Brace Port Logistics may be more vulnerable to economic fluctuations.
3. With only 20 employees as of August 31, 2023, the company may face challenges in scaling operations quickly to meet growing demand.
4. Operating in multiple countries exposes the company to various regulatory environments. 

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FAQs

Brace Port IPO opens from 19th August to 21st August 2024.

The size of Brace Port IPO is ₹24.41 Cr.

The price of Brace Port Logistics IPO is fixed at ₹76 to ₹80 per share. 

To apply for Brace Port Logistics IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Brace Port Logistics IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app

The minimum lot size of Brace Port Logistics IPO is 1,600 shares and the investment required is ₹1,28,000.

The share allotment date of Brace Port Logistics IPO is 22nd August 2024

The Brace Port Logistics IPO will be listed on 26th August 2024.

Holani Consultants Private Limited is the book-running lead manager for Brace Port Logistics IPO.
 

Brace Port Logistics plans to utilize the raised capital from the IPO for:

1. Funding the working capital requirements.
2. General corporate purposes.