Brace Port Logistics IPO: Diving into the Detail

• Brace Port Logistics IPO is a book-built issue of Rs 30.51 lakh equity shares.
• The upcoming IPO bidding dates open on Aug 19 and closes on Aug 21, 2024.
• Brace Port Logistics SME IPO price is yet to be announced.
  

Brace Port Logistics IPO: Synopsis

Brace Port Logistics IPO is open for subscription starting Thursday, August 19, 2024, and closing on Monday, August 21, 2024. Brace Port Logistics IPO is a book-built issue of 30.51 lakh equity shares. This upcoming IPO's fresh issue of 30.51 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, August 22, 2024. 

The details related to the price band and lot size are yet to be announced. Brace Port Logistics IPO will be listed on NSE SME on Monday, August 26, 2024. Holani Consultants Private Limited is the book-running lead manager, Link Intime India Private Limited is the registrar, and Holani Consultants is the market maker for this IPO. 

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Brace Port Logistics IPO: About the Company

Brace Port Logistics Limited was incorporated in 2020, specialises in providing ocean cargo logistics services to clients across various sectors of the economy.

They had a strong network of customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and globally. They provide services to countries such as Germany, Vietnam, UAE, Hong Kong and Bangladesh.

Brace Port 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.

As per the latest information, the company had a team of 20 people employed in various departments.

Brace Port Logistics IPO: Objectives

The funds received from this IPO will be allocated for meeting the day-to-day capital needs for smoothing functioning of the company. The remaining funds will be used for fulfilling the general corporate purposes.

Brace Port Logistics IPO: Other Important Details

Time-Table of Brace Port Logistics IPO

Brace Port Logistics IPO: Financial Metrics (Amt in Rs Lakhs)

Brace Port Logistics posted revenue of Rs 5,524.59 lakhs and net profit of Rs 489.13 lakhs for the period ending on March 31 2024. The revenue decreased by -22%, and the net profit also dropped by -21% between the FY ending on March 31, 2024,, and March 31 2023. 

Promoters of Brace Port Logistics Limited and Their Holdings

The promoters of Brace Port Logistics are Skyways Air Services Private Limited,  Yash Pal Sharma, Tarun Sharma, Sachin Arora and Rishi Trehan. The promoters' shareholdings before the IPO were 96 04%; however, after the IPO, shareholding details are not yet available.

Brace Port Logistics: Strength of Company

1.     Brace Port Logistics specialises in providing ocean cargo logistics services to clients.

2.     The company provides services internationally in Germany, Vietnam, UAE, Hong Kong and Bangladesh.

3.     Brace Port Logistics's profit after-tax margin stays at 8.89%, which is quite high. 

FAQs

1. What are the details of the Brace Port Logistics IPO?

Brace Port Logistics IPO is a book-built issue of 30.51 lakh equity shares. This upcoming IPO’s fresh issue of 30.51 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, August 22, 2024. 

2. Who are the lead managers for the Brace Port Logistics IPO?

Holani Consultants Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Link Intime India in this IPO?

Link Intime India Private Limited is the registrar for Brace Port Logistics Limited, handling the IPO's administrative aspects.

4. How can I apply for the Brace Port Logistics IPO?

The public subscription of this new IPO will open on August 19, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received from this IPO will be allocated for meeting the day-to-day capital needs for smoothing functioning of the company. The remaining funds will be used for fulfilling the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Brace Port Logistics Limited IPO by visiting here; for further updates, follow Bigul. 

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