Brace Port Logistics IPO vs Sunlite Recycling Industries IPO

Comparison between Brace Port Logistics IPO and Sunlite Recycling Industries IPO.

IPO Details

Brace Port Logistics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Brace Port Logistics IPO is up to ₹23.17 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹28.68 Cr. The final issue price of Brace Port Logistics IPO is ₹80.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

 Brace Port Logistics IPOSunlite Recycling Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹76.00 per share₹100.00 per share
Issue Price (Upper)₹80.00 per share₹105.00 per share
Issue Price (Final)₹80.00 per share₹105.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size28,96,000 shares27,31,200 shares
Fresh Issue Size (Amount)up to ₹23.17 Crup to ₹28.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total28,96,000 shares27,31,200 shares
Issue Size Total (Amount)up to ₹23.17 Crup to ₹28.68 Cr

IPO Timetable

Brace Port Logistics IPO opens on Aug 19, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Brace Port Logistics IPO and Sunlite Recycling Industries IPO is Aug 21, 2024, and Aug 14, 2024, respectively.

 Brace Port Logistics IPOSunlite Recycling Industries IPO
Anchor Bid DateAug 16, 2024Aug 09, 2024
Issue OpenAug 19, 2024Aug 12, 2024
Issue CloseAug 21, 2024Aug 14, 2024
Basis Of Allotment (Tentative)Aug 22, 2024Aug 16, 2024
Initiation of Refunds (Tentative)Aug 23, 2024Aug 19, 2024
Credit of Share (Tentative)Aug 23, 2024Aug 19, 2024
Listing date (Tentative)Aug 26, 2024Aug 20, 2024
Anchor Lockin End date 1Sep 21, 2024Sep 15, 2024
Anchor Lockin End date 2Nov 20, 2024Nov 14, 2024

Financials & KPIs

Brace Port Logistics IPO P/E ratio is 13.49, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.

 Brace Port Logistics IPOSunlite Recycling Industries IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets27.8313.1111.794.10
Total Income55.2570.9454.207.06
Profit After Tax4.896.183.220.23
NET Worth13.778.884.200.98
Reserves and Surplus5.528.133.450.23
Total Borrowing0.490.590.66
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets63.2171.6348.0237.43
Total Income1,166.551,150.40937.92394.01
Profit After Tax8.905.604.262.53
NET Worth20.043.6211.596.22
Reserves and Surplus12.043.12
Total Borrowing34.9246.4725.3217.11
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.04100
Promoter Shareholding (Post-Issue)70.1173.53
P/E Ratio13.499.43
Market Cap₹90.41 Cr.₹114.24 Cr.
ROE43.1975.26
ROCE47.0529.49
Debt/Equity0.041.74
EPS₹5.93₹11.13
RoNW35.5244.43

Shares Offered

In the Brace Port Logistics IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Sunlite Recycling Industries 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 5,46,000 shares in Sunlite Recycling Industries IPO.

 Brace Port Logistics IPOSunlite Recycling Industries IPO
Anchor Investor Reservation5,37,600 shares8,18,400 shares
Market Maker Reservation1,55,200 shares1,48,800 shares
QIB3,58,400 shares5,46,000 shares
NII8,00,000 shares4,10,400 shares
RII12,00,000 shares9,56,400 shares
Employee
Others
Total28,96,000 shares27,31,200 shares

Bids Received (Subscription)

Brace Port Logistics IPO subscribed 657.81x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

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