Brace Port Logistics Limited IPO Detail
Incorporated in November 2020, Brace Port Logistics Limited is a company that specializes in providing ocean cargo logistics services to clients across various sectors of the economy.
The company also provides services such as Air Freight, Warehousing facilities, special cargo services such as handling cargo in foreign countries and delivery of the same in other foreign countries and customs clearance services.
The company has a strong network that serves customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and globally.
The company provide services to countries such as Germany, Vietnam, UAE, Hongkong and Bangladesh.
The company is certified for Quality Management Systems (ISO ISO 9001:2015), Environmental Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2015).
On August 31, 2023, the company employed 20 people. They worked in departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
Company 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.IPO Details
| IPO Opening Date | Aug 19, 2024 |
| IPO Closing Date | Aug 21, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 - 80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.41 Cr |
| Fresh Issue | ₹24.41 Cr |
| Offer for Sale | - |
| Retail Portion | 35.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 6.59x | - | - | 29.03x | 81.41x | 52.27x |
| Day 2 | 16.83x | - | - | 106.16x | 231.26x | 156.24x |
| Day 3 | 450.04x | 0.00x | 0.00x | 854.49x | 588.74x | 657.81x |
IPO Tentative Timetable
The Brace Port Logistics Limited IPO open date is Aug 19, 2024, and the close date is Aug 21, 2024. The issue may list on Aug 26, 2024.
| IPO Open Date | Aug 19, 2024 |
| IPO Close Date | Aug 21, 2024 |
| Basis of Allotment Date | Aug 22, 2024 |
| Initiation of Refunds | Aug 23, 2024 |
| Credit of Shares to Demat Account | Aug 23, 2024 |
| IPO Listing Date | Aug 26, 2024 |
IPO Lot Size
The Brace Port Logistics Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128000 |
| Maximum | 1 | 1600 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.04% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 2783.29 | 5524.59 | 489.13 |
| 31-Mar-23 | 1310.78 | 7093.66 | 618.09 |
| 31-Mar-22 | 1179.14 | 5419.57 | 322.39 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company
- General corporate purposes.
Brace Port Logistics Limited IPO Registrar:
Link Intime India Private Ltd
Brace Port Logistics Limited IPO Lead Manager(s):
Holani Consultants Private Limited
Company Contact Information:
Brace Port Logistics Limited
A-182, Mahipalpur Extension, 5, Road No 4, South Delhi
Mahipalpur
Delhi
