Comparison between Brace Port Logistics IPO and Solve Plastic Products IPO.
Brace Port Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price proposed to list at NSE SME.
| Brace Port Logistics IPO | Solve Plastic Products IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Holani Consultants Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Market Maker | Holani Consultants Pvt.Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Brace Port Logistics IPO is up to ₹23.17 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.25 Cr. The final issue price of Brace Port Logistics IPO is ₹80.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.
| Brace Port Logistics IPO | Solve Plastic Products IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹76.00 per share | |
| Issue Price (Upper) | ₹80.00 per share | |
| Issue Price (Final) | ₹80.00 per share | ₹91.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 28,96,000 shares | 12,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹23.17 Cr | up to ₹11.25 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 28,96,000 shares | 12,36,000 shares |
| Issue Size Total (Amount) | up to ₹23.17 Cr | up to ₹11.25 Cr |
Brace Port Logistics IPO opens on Aug 19, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Brace Port Logistics IPO and Solve Plastic Products IPO is Aug 21, 2024, and Aug 16, 2024, respectively.
| Brace Port Logistics IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Bid Date | Aug 16, 2024 | |
| Issue Open | Aug 19, 2024 | Aug 13, 2024 |
| Issue Close | Aug 21, 2024 | Aug 16, 2024 |
| Basis Of Allotment (Tentative) | Aug 22, 2024 | Aug 19, 2024 |
| Initiation of Refunds (Tentative) | Aug 23, 2024 | Aug 20, 2024 |
| Credit of Share (Tentative) | Aug 23, 2024 | Aug 20, 2024 |
| Listing date (Tentative) | Aug 26, 2024 | Aug 21, 2024 |
| Anchor Lockin End date 1 | Sep 21, 2024 | |
| Anchor Lockin End date 2 | Nov 20, 2024 |
Brace Port Logistics IPO P/E ratio is 13.49, as compared to Solve Plastic Products IPO P/E ratio of 23.2.
| Brace Port Logistics IPO | Solve Plastic Products IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Brace Port Logistics Limited 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.
| Solve Plastic Products Limited Financial Information (Restated)Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 96.04 | 90.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 63.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.49 | 23.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹90.41 Cr. | ₹39.75 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.19% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.05% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.04 | 2.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.93 | ₹3.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.52% | 32.47% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Brace Port Logistics IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Solve Plastic Products IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 3,58,400 shares in Brace Port Logistics IPO and in Solve Plastic Products IPO.
| Brace Port Logistics IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Investor Reserveration | 5,37,600 shares | |
| Market Maker Reserveration | 1,55,200 shares | 66,000 shares |
| QIB | 3,58,400 shares | |
| NII | 8,00,000 shares | 6,18,000 shares |
| RII | 12,00,000 shares | 6,18,000 shares |
| Employee | ||
| Others | ||
| Total | 28,96,000 shares | 12,36,000 shares |
Brace Port Logistics IPO subscribed 657.81x in total, whereas Solve Plastic Products IPO subscribed 34.23x.
| Brace Port Logistics IPO | Solve Plastic Products IPO | |
|---|---|---|
| QIB (times) | 450.04x | |
| NII (times) | 854.49x | 19.47x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 588.74x | 46.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 657.81x | 34.23x |
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