Brace Port Logistics IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Aug 24 – 21 Aug 24 | ₹128,000 | 1,600 | ₹76 – ₹80 |
Issue Size | IPO Doc |
|---|---|
| 24.41Cr | RHP PDF |
About Brace Port Logistics Limited
| Founded in | 2020 |
| Managing director | Mr. Sachin Arora |
| Parent organisation | Brace Port Logistics Limited |
BracePort Logistics Limited, established in November 2020, is a service-oriented logistics company with over 50 skilled professionals. Boasting more than 20 years of industry experience, the company is dedicated to delivering tailored supply chain solutions through integrated technology systems.
With a robust network spanning across India and globally, BracePort caters to a diverse range of sectors, including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive. The company’s team utilizes advanced systems and processes to efficiently manage logistics operations, tackle challenges, and optimize supply chain routes at competitive prices. They are supported by a global network of associates in over 60 countries across six continents.
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Brace Port Logistics History
The company offers a variety of services, including ocean cargo logistics, air freight, warehousing, special cargo handling, international delivery, and customs clearance. It serves markets in countries such as Germany, Vietnam, UAE, Hong Kong, and Bangladesh.
BracePort Logistics is certified for Quality Management Systems (ISO 9001:2015), Environmental Management Systems (ISO 14001:2015), and Occupational Health and Safety Management Systems (ISO 45001:2015).
As of August 31, 2023, BracePort employs 20 individuals across departments like Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
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Brace Port Logistics IPO Details
The company is launching its IPO, which is a book-built issue of ₹24.41 crores, consisting entirely of a fresh issue of 30.51 lakh shares. The IPO opens for subscription on August 19, 2024, and closes on August 21, 2024. Finalization of allotments is expected to occur on August 22, 2024, with a tentative listing date on NSE SME set for August 26, 2024.
The price band for the IPO is ₹76 to ₹80 per share. The minimum lot size is 1,600 shares, requiring a minimum investment of ₹128,000 for retail investors. High Net-Worth Individuals (HNI) must apply for a minimum of 2 lots (3,200 shares) with an investment of ₹256,000.
Holani Consultants Private Limited is the book-running lead manager, while Link Intime India Private Ltd is the registrar for the issue. Holani Consultants will also act as the market maker.
For comprehensive details, refer to the Brace Port Logistics IPO Red Herring Prospectus (RHP).
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Brace Port Logistics Financial Information (Restated Standalone)
Brace Port Logistics Limited’s revenue decreased by -22% and profit after tax (PAT) dropped by -21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,783.29 | 1,310.78 | 1,179.14 | 409.61 |
| Revenue | 5,524.59 | 7,093.66 | 5,419.57 | 706.25 |
| Profit After Tax | 489.13 | 618.09 | 322.39 | 22.57 |
| Net Worth | 1,377.18 | 888.05 | 419.96 | 97.57 |
| Reserves and Surplus | 552.18 | 813.05 | 344.96 | 22.57 |
| Total Borrowing | 48.97 | 59.1 | 65.62 | |
| Amount in ₹ Lakhs | ||||
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Brace Port Logistics IPO Timeline
Brace Port Logistics IPO opens on August 19, 2024, and closes on August 21, 2024.
| 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 |
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Brace Port Logistics IPO FAQs
Brace Port Logistics Limited, established in November 2020, is a service-based logistics company. It specializes in providing ocean cargo logistics services and has over 50 experienced professionals.
The company offers ocean cargo logistics, air freight, warehousing, special cargo handling, international delivery, and customs clearance services. They cater to various sectors including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive.
The IPO is a fresh issue of ₹24.41 crores, totaling 30.51 lakh shares. It opens for subscription on August 19, 2024, and closes on August 21, 2024. The tentative listing date on NSE SME is August 26, 2024.
The price band for the IPO is ₹76 to ₹80 per share.
Retail investors need to invest a minimum of ₹128,000 for 1,600 shares. High Net-Worth Individuals (HNI) need to apply for at least 3,200 shares, amounting to ₹256,000.
Holani Consultants Private Limited is the book-running lead manager for the IPO, while Link Intime India Private Ltd is the registrar for the issue. Holani Consultants will also act as the market maker.
For the financial year ending March 31, 2024, the company reported a 22% decrease in revenue and a 21% drop in profit after tax (PAT) compared to the previous year.
