Brace Port Logistics IPO is launching to raise ₹24.41 crores through a fresh issue of 30.51 lakh shares. The IPO is scheduled to open for subscription on August 19, 2024, and will remain open until August 21, 2024. Following this, the allotment of shares is expected to be finalized on August 22, 2024, and subsequently, the shares will be listed on the NSE SME on August 26, 2024.
Table of contents
- Brace Port Logistics IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Brace Port Logistics IPO GMP (Grey Market Premium)
- Brace Port Logistics IPO Application Form PDF
- Brace Port Logistics IPO Subscription Status
- Brace Port Logistics IPO Allotment Status
- IPO Review
- Brace Port Logistics IPO Registrar
- Brace Port Logistics IPO Lead Manager
- Brace Port Logistics Limited Contact
- Brace Port Logistics IPO FAQs
Brace Port Logistics IPO Overview
| Company Name | Brace Port Logistics Ltd |
| Industry | Ocean cargo shipping services |
| IPO Issue Type | Book Built Issue |
| Open Date | August 19, 2024 |
| Close Date | August 21, 2024 |
| Total Issue Size | ₹24.41 Crores (3,051,200 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹24.41 Crores (3,051,200 Equity Shares) |
| Price Band | ₹76 to ₹80 Per Equity Share |
| Listing on | NSE SME |
| Lot Size | 1600 shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 35% of the net offer |
| Shares Offered to QIB | 50% of the net offer |
| Shares Offered to HNI | 15% of the net offer |
Company Details
Brace Port Logistics, a young company founded in November 2020, specializes in ocean cargo shipping services for various industries. In addition, by providing sea freight solutions, the company effectively enables clients to transport goods overseas efficiently. Furthermore, Brace Port aims to be a comprehensive logistics provider, offering services such as air freight, warehousing, international specialty cargo transport, and customs clearance assistance.
Brace Port Logistics is a service-based logistics company that provides ocean cargo logistics services to clients across various sectors. In addition, they offer value-added services such as air freight, warehousing, special cargo handling in foreign countries, and customs clearance.
Their extensive global network, including their group companies and holding company, supports their worldwide service capabilities. Consequently, this enables them to offer cross-border shipment facilities as well.
Moreover, with a team of trained and experienced professionals, including promoters with over two decades of industry expertise, Brace Port Logistics delivers highly optimized and customized supply chain solutions. Notably, their holding company is a leading player in India’s air cargo industry. They leverage unified technology systems to provide comprehensive services across diverse industries, such as medical supplies, pharma, sports goods, perishables, electronics, consumer durables, and automotive.
Furthermore, their experienced team employs advanced systems and processes to manage logistics movements effectively. By overcoming challenges and ensuring flexibility in supply chain management, they identify the best routes and pricing options to optimize shipments.
Key Dates
| IPO Open Date | August 19, 2024 |
| IPO Close Date | August 21, 2024 |
| Basis of Allotment | August 22, 2024 |
| Refunds | August 23, 2024 |
| Credit to Demat Account | August 23, 2024 |
| IPO Listing Date | August 26, 2024 |
Financials (₹ in Crores)
| Year | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹27.83 | ₹13.10 | ₹11.79 |
| Revenue | ₹55.24 | ₹70.93 | ₹54.19 |
| Profit After Tax (PAT) | ₹4.89 | ₹6.18 | ₹3.22 |
| Net Worth | ₹13.77 | ₹8.88 | ₹4.19 |
| Total Borrowings | ₹0.48 | ₹0.59 | N/A |
Objective of the Issue
- Funding the company’s working capital needs and addressing general corporate purposes.
- Additionally, these funds will support various operational and strategic initiatives.
Company Promoters
- Skyways Air Services Private Limited
- Mr. Yash Pal Sharma
- Mr. Tarun Sharma
- Mr. Sachin Arora
- Mr. Rishi Trehan
Brace Port Logistics IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Brace Port Logistics IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Brace Port Logistics Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Brace Port Logistics IPO Application Form PDF
To download the Brace Port Logistics IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Brace Port Logistics IPO Subscription Status
Brace Port Logistics IPO subscription kicks off on August 19, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Brace Port Logistics IPO Allotment Status
To check the Brace Port Logistics IPO allotment status go to the IPO registrar website Link Intime India Pvt Ltd or go to IPO Allotment.
To check Brace Port Logistics IPO allotment status. Firstly, follow the steps below:
- First, go to the link given above.
- Next, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Our leadership team excels, and our workforce is highly qualified.
- Furthermore, we build long-lasting business relationships.
- In addition, we have a PAN India and global reach.
- Consequently, we offer comprehensive solutions for all your transportation needs.
- Moreover, our diverse customer base spans many sectors.
- Additionally, we provide technology-integrated services.
- Thus, we ensure high-quality services.
- Finally, we maintain strong supplier relationships.
Risks:
- The company relies on key customers for revenue. A drop in their business could significantly impact its financial health and operations.
- Third-party service delays might lead to customer dissatisfaction and lost business.
- Furthermore, the company uses a trademark from M/s Skyways Air Services Private Limited, which is pending registration.
- Consequently, failure to register could hinder brand building and impact the business.
- Moreover, the inability to meet delivery obligations could result in customer claims, negative publicity, and increased costs, thereby adversely affecting operations.
- The company depends on overseas agents for logistics. Poor agent performance or failed relationships could hurt revenue and profitability.
- The company does not verify goods contents, risking non-compliance with regulations.
- Failure to maintain necessary licenses and permits can disrupt operations and harm the company’s financial condition.
- The company might face conflicts of interest with its Promoter and associated entities.
- Heavy reliance on IT systems means that failures or data loss could adversely affect service levels.
- Insurance coverage may not fully protect against all business operation losses.
Brace Port Logistics IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai-400083, Maharashtra, India
Tel: +91 22 49186200
Fax: +91 – 022-4918 6195
Website: www.linkintime.co.in
Brace Port Logistics IPO Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Tel: +91 0141 – 2203996
Website: www.holaniconsultants.co.in
Brace Port Logistics Limited Contact
Brace Port Logistics Limited
A-182, Mahipalpur Extension,
5, Road No 4,
South Delhi, Mahipalpur-New Delhi-110037
Phone: 011 – 41729003
Email: cs@braceport-logistics.com
Website: http://www.braceport-logistics.com/
Brace Port Logistics IPO FAQs
The Brace Port Logistics Limited IPO is an Initial Public Offering aiming to raise ₹24.41 crores by issuing 30.51 lakh new shares. Specifically, the IPO will be open for subscription from August 19, 2024, to August 21, 2024. Following the subscription period, shares are expected to be listed on the NSE SME on August 26, 2024.
The price band for the Brace Port Logistics IPO is strategically set between ₹76 and ₹80 per share.
For Retail Investors, the minimum lot size is 1,600 shares, which requires an investment of ₹128,000. On the other hand, for High Net-Worth Individuals (HNIs), the minimum lot size is 3,200 shares (2 lots), necessitating a higher investment of ₹256,000.
The allotment of shares will be finalized on August 22, 2024. Subsequently, refunds will be processed, and shares will be credited to demat accounts on August 23, 2024.
The proceeds from the IPO will be used primarily for funding the working capital requirements of Brace Port Logistics Limited, as well as for general corporate purposes.
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