Brace Port Logistics IPO Subscription Status

Brace Port Logistics IPO - Day 3 Subscription at 652.84 Times

Brace Port Logistics' IPO will close on 21 August 2024. Shares of the company will likely be listed on 26 August 2024 and will make a trading debut on the BSE NSE platform.

On 21 August 2024, Brace Port Logistics IPO received bids for 1,53,96,65,600 shares, much more than the 23,58,400 shares available. This means that by the end of the third day, the IPO had been oversubscribed by 652.84  times.

Here are the subscription details for Brace Port Logistics IPO as of Day 3 (August 21, 2024 at 4:16 PM):

The Brace Port Logistics IPO subscription was primarily driven by HNI/NII investors, with retail investors following closely behind. Qualified Institutional Buyers (QIBs) also showed significant interest, though their participation typically ramps up in the final hours of the last day. The overall subscription figures reflect the strong demand from these key investor groups but do not include the contributions from anchor investors or the market-making segment of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, who provide stability and credibility to the IPO. HNIs/NIIs, on the other hand, are wealthy individual investors and smaller institutions who often drive the bulk of the demand, especially in well-regarded IPOs like Brace Port Logistics. The combined interest from these investor categories indicates a high confidence level in the company’s potential and future growth.
 

Subscription Status of Brace Port Logistics IPO for Days 1, 2, and 3:

On day 1, Brace Port Logistics was subscribed 52.27 times; on day 2, the subscription status had risen to 156.24 times. However, at the end of day 3, it reached 652.84 times.

Here are the complete subscription details for the Brace Port Logistics IPO by category as of Day 3( 21st August 2024 at 4:16:00 PM):

Brace Port Logistics IPO received significant interest across different investor categories. The Market Maker and Anchor Investors subscribed at 1 time each, indicating a strong base of support. Qualified Institutional Buyers (QIBs) showed substantial interest, subscribing at over 450 times, reflecting high confidence from institutional investors. Non-Institutional Buyers, including High Net-Worth Individuals (HNIs), demonstrated even greater enthusiasm, subscribing at over 850 times, highlighting the strong appeal of the offering among more affluent investors. Retail Investors also participated robustly, with their category being subscribed at nearly 580 times. Overall, the Brace Port Logistics IPO was subscribed over 650 times, showcasing widespread confidence and demand across all investor segments.

Brace Port Logistics IPO - Day 2 Subscription at 146.32 Times

At the end of Day 2, Brace Port Logistics IPO subscribed 146.32 times. On 20 August 2024, the public issue subscribed 216.81 times in the retail category, 16.83 times in QIB, and 98.60 times in the NII category. 

Here are the subscription details for Brace Port Logistics IPO as of Day 2 (20 August 2024 at 4:20:00 PM):

Brace Port Logistics IPO has attracted significant interest across various investor categories during its IPO. Anchor investors and the market maker each showed solid participation, reflecting confidence in the company's potential. The IPO saw substantial demand from qualified institutional buyers, who subscribed at a notably high level. High-net-worth individuals and non-institutional investors exhibited even stronger enthusiasm, with their subscriptions far exceeding expectations. 

Retail investors, however, led the way with overwhelming participation, underscoring widespread interest in the company. The IPO achieved a remarkable subscription rate, highlighting broad-based investor confidence in Brace Port Logistics' future prospects.
 

Here are the complete subscription details for the Brace Port Logistics IPO as of Day 2 (20th August 2024 at 4:20:00 PM):

On day 1, Brace Port Logistics IPO was subscribed 52.27 times. By day 2, the subscription status had risen to 146.30 times. The final status will be clear after the end of day 3. Brace Port Logistics IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 16.83 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 98.60 times, and Retail Investors at 216.80 times. Overall, Brace Port Logistics IPO was subscribed by 146.32 times.
 

Brace Port Logistics IPO Day 1 Subscription at 2.20 Times: Should You Subscribe or Not?

The Brace Port Logistics IPO will close on 21 August 2024. Shares of Brace Port Logistics are likely to be listed on 26 August and will make their trading debut on the NSE SME platform.

On 19 August 2024, the Brace Port Logistics IPO received bids for 11,55,26,400 shares, much more than the 23,58,400 shares available. This means that by the end of Day 1, the IPO had been oversubscribed by 48.99 times.

Here are the subscription details for Brace Port Logistics IPO as of Day 1 (19th August 2024 at 4:30:00 PM)

Brace Port Logistics IPO subscription was primarily driven by retail investors, followed closely by High-Net-Worth Individuals (HNIs/NIIs). Qualified Institutional Buyers (QIBs) showed moderate interest during the subscription period. Typically, QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. 

Overall, subscription figures also include the anchor portion of the IPO. QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Brace Port Logistics IPO as of Day 1( 19 August 2024 at 4:30:00 PM)

On day 1, Brace Port Logistics IPO was subscribed 48.99 times. Qualified Institutional Buyers (QIBs) showed subscriptions at a rate of 6.59 times. The HNIs / NIIs portion subscribed 27.20 times, while Retail Investors subscribed 76.17 times. Overall, the IPO was subscribed 48.99 times.

About Brace Port Logistics IPO

Brace Port Logistics Limited, incorporated in November 2020, is a business that offers ocean cargo logistics services to customers in various industries. The organisation also offers specific cargo services, like managing goods in foreign nations and delivering them to other foreign countries, air freight, warehousing facilities, and customs clearance services.

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

The company serves Bangladesh, Hong Kong, Vietnam, Germany, and the United Arab Emirates. The organisation 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 company as of August 31, 2023. Companies in departments like Permanent Labor, Top-Level Management, Maintenance, Marketing & Logistics, Accounts & Finance, Compliance, and Production & Operations employed them.

Highlights of the Solve Plastic Products IPO

• IPO price band: ₹76 to ₹80 per share.
• Minimum application lot size: 1600 shares.
• Minimum investment for retail investors: ₹128,000.
• Minimum investment for High Net-worth Investors (HNI): 2 lots (3,200 shares), ₹256,000.
• Registrar: Link Intime India Private Ltd.