Brace Port Logistics Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 76 to ₹ 80 per share |
| Total Issue Size | 30,51,200 shares (aggregating up to ₹ 24.41 Cr) |
| Fresh Issue | 30,51,200 shares (aggregating up to ₹ 24.41 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 82,50,000 |
| Shareholding post issue | 1,13,01,200 |
| Market Maker portion | 1,55,200 shares Holani Consultants |
About Brace Port Logistics Limited IPO And Its GMP
Brace Port Logistics Limited is a service-based logistics company primarily engaged in providing Ocean cargo logistics services to clients operating in the various sectors of the economy. They also provide various value-added services like Air Freight, Warehousing facilities, special cargo services such as handling cargo in foreign countries and delivering the same in other foreign countries and customs clearance services.
Their company, group companies and holding companies have an extensive global network. They provide their services at a worldwide level where the company caters for clients across the globe and even provides cross-border shipment facilities as well. Their team comprises trained and experienced professionals and has rich industry expertise and promoters for more than two decades. Brace Port Logistics Limited’s holding company is a leading player in the air cargo industry in India. They aim to provide highly optimized and customized supply chain solutions to our customers with unified technology systems.
IPO Size: ₹24.41 crores
Shares Issued: 30.51 lakh shares (fresh issue)
Subscription Dates: August 19, 2024 - August 21, 2024
Price Band: ₹76 to ₹80 per share
Minimum Lot Size: 1600 shares
Lead Manager: Holani Consultants Private Limited
Registrar: Link Intime India Private Ltd
Market Maker: Holani Consultants
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 |
Company & Financials
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 provides services to countries such as Germany, Vietnam, UAE, Hong Kong and Bangladesh. The company is certified in Quality Management Systems (ISO ISO 9001:2015), Environmental Management Systems (ISO 14001:2015) and Occupational Health and Safety Management Systems (ISO 45001:2015).
Objectives of Brace Port Logistics IPO
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objectives:
- Funding the working capital requirements of the company
- General corporate purposes.
Brace Port Logistics IPO Review
The company is an emerging player in cargo logistics and related services. It has to its credit Ro-Ro deals that were handled for the first time by an Indian company. The company marked good progress in just four years of operations. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term.
Brace Port Logistics Limited IPO And Its GMP Financial Information
Latest Revenue
5,524.59
₹ Crore
Profit After Tax
489.13
₹ Crore
Net Worth
1,377.18
₹ Crore
Total Borrowing
48.97
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 2,783.29 | 5,524.59 | 489.13 | 1,377.18 | 48.97 | ||||
| 31 Mar 2023 | 1,310.78 | 7,093.66 | 618.09 | 888.05 | 59.1 | ||||
| 31 Mar 2022 | 1,179.14 | 5,419.57 | 322.39 | 419.96 | — | ||||
| 31 Mar 2021 | 409.61 | 706.25 | 22.57 | 97.57 | 65.62 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹80 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹115 and a lot size of 1600 shares.
Brace Port Logistics Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-25 | ₹80 | ₹115.0 (144%) | 2024-08-25 |
Brace Port Logistics Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.19% |
| ROCE | 47.05% |
| Debt/Equity | 0.04 |
| RoNW | 35.52% |
| P/BV | 4.79 |
| PAT Margin (%) | 8.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.93 | 4.33 |
| P/E (x) | 13.49 | 18.48 |
Frequently Asked Questions
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Competitive Strengths
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Brace Port Logistics Limited IPO And Its GMP 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3200 | ₹256,000 |