Brace Port Logistics IPO Overview: Brace Port Logistics Limited is a service-based logistics company that provides supply chain solutions for our clients. The company offers a range of logistics services, including alignment, transportation, warehousing, air freight, ocean freight, and customs clearance for both export and import. Brace Port Logistics Limited was established in November 2020, and Sachin Arora is the managing director of the company.
Brace Port Logistics IPO is a fresh-issue and SME book-built initial public offering (IPO), with a fresh issue size of ₹24.41 crore for 30 lakh shares. The price band of the Brace Port Logistics Limited IPO is set at ₹76 to ₹80 per share, and the lot size is 1600 shares per lot.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Brace Port Logistics Limited IPO.
Table of Contents
Brace Port Logistics IPO Details
IPO Date | August 19, 2024 to August 21, 2024 |
Listing Date | Monday, August 26, 2024 |
Face Value | ₹10 per share |
Price Band | ₹76 to ₹80 per share |
Lot Size | 1600 Shares |
Total Issue Size | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
Fresh Issue | 3,051,200 shares (aggregating up to ₹24.41 Cr) |
Overall Subscription | 657.80x |
Issue Type | Book-Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 8,250,000 |
Share holding post issue | 11,301,200 |
Brace Port Logistics IPO Important Dates
All the important dates regarding the Brace Port Logistics Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events. Brace Port Logistics Limited IPO’s opening date is Monday, August 19, 2024 and the offer will close on Wednesday, August 21, 2024. IPO’s allotment date is on Friday, August 22, 2024 and the listing date is on Tuesday, August 26, 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 |
Brace Port Logistics Limited IPO GMP
The overall subscription of Brace Port Logistics IPO reached at 657.81 times, according to this the last updated Grey Market Premium (GMP) for the Brace Port Logistics Limited IPO is upto ₹71. The offering price for the Brace Port Logistics IPO is between ₹76 to ₹80 per share. By combining the cap price with today’s GMP, the expected listing price of the Brace Port Logistics Limited IPO is up to ₹155.
The following table displays the trend of the Brace Port Logistics IPO’s GMP over the past few days.
Brace Port IPO listed at 99.50%.
GMP Date | IPO Price | GMP Price |
August 26, 2024 | ₹76-₹80 | ₹70 |
August 25, 2024 | ₹76-₹80 | ₹71 |
August 24, 2024 | ₹76-₹80 | ₹71 |
August 23, 2024 | ₹76-₹80 | ₹72 |
August 22, 2024 | ₹76-₹80 | ₹68 |
August 21, 2024 | ₹76-₹80 | ₹48 |
August 20, 2024 | ₹76-₹80 | ₹48 |
August 19, 2024 | ₹76-₹80 | ₹47 |
August 18, 2024 | ₹76-₹80 | ₹42 |
August 17, 2024 | ₹76-₹80 | ₹42 |
August 16, 2024 | ₹76-₹80 | ₹44 |
Brace Port Logistics Limited IPO Lot Size
Brace Port Logistics IPO offers a minimum of 1600 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
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 Port Logistics Limited Shares Offred Quota
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 |
Brace Port Logistics IPO Promoter Holdings
Share Holding Pre-Issue | 96.04% |
Share Holding Post Issue | 0% |
Brace Port Logistics Limited Company Overview
Brace Port Logistics Limited is a service-based logistics company that provides supply chain solutions for our clients. The company offers a range of logistics services, including alignment, transportation, warehousing, air freight, ocean freight, and customs clearance for both export and import. Brace Port Logistics Limited was established in November 2020, and Sachin Arora is the managing director of the company.
Brace Port Logistics Limited has a global associate network in more than 60 countries and serves the supply chain needs of various industries, such as medical equipment, pharmaceuticals, seafood, automobiles, electronics, raw materials, and consumer products. The company primarily operates its services in Bangladesh, UAE, Hong Kong, and Germany.
Brace Port Logistics Limited Financials
Particulars | 31 Mar 2024 | 31 Mar 2023 |
Assets | ₹27.83 crore | ₹13.10 crore |
Revenue | ₹55.24 crore | ₹70.93 crore |
Profit After Tax | ₹4.89 crore | ₹6.18 crore |
Net Worth | ₹13.77 crore | ₹8.88 crore |
Reserves and Surplus | ₹5.5 crore | ₹8.13 crore |
Total Debts | ₹49 lakhs | ₹59 lakhs |
Brace Port Logistics Limited Contact Details
A-182, Mahipalpur Extension,
5, Road No 4,
South Delhi, Mahipalpur-New Delhi PIN-110037
Phone: 011-41729003
Email: [email protected]
FAQs
1. What is the Brace Port Logistics Limited IPO’s GMP price?
The current GMP price of the Brace Port Logistics IPO is ₹71.
2. On which exchange will the Brace Port Logistics IPO be listed?
Brace Port Logistics Limited IPO shares are to be listed on the NSE SME
3. When is the allotment date for the Brace Port Logistics IPO?
The allotment date of the Brace Port Logistics IPO is August 22, 2024.
4. What are the opening and closing dates of the Brace Port Logistics Limited IPO?
Brace Port Logistics Limited IPO will open on August 19, 2024 & close on August 21, 2024.
5. When is the listing date for Brace Port Logistics IPO?
Brace Port Logistics IPO’s listing date is Monday, August 26, 2024.
Conclusion
Brace Port Logistics Limited is a service-based logistics company that provides supply chain solutions for our clients. The company’s financials and operations show that the IPO will receive high interest from investors. To get the latest update regarding Brace Port Logistics IPO GMP, stay on this page.
To get more information and regular updates on the Brace Port Logistics Limited IPO, keep in touch with The Invest Advisory.