Bookbuilding IPO | ₹24 Cr | Listed at NSE SME | Mon, Aug 19, 2024 - Wed, Aug 21, 2024
Brace Port Logistics IPO is a book build issue of ₹24.41 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹24.41 crore.
Brace Port Logistics IPO bidding started from Aug 19, 2024 and ended on Aug 21, 2024. The allotment for Brace Port Logistics IPO was finalized on Aug 22, 2024. The shares got listed on NSE SME on Aug 26, 2024.
Brace Port Logistics IPO price band is set at ₹80 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Holani Consultants Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Brace Port Logistics IPO RHP for detailed Information.
IPO Open
Mon, Aug 19, 2024
IPO Close
Wed, Aug 21, 2024
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹90.41 Cr
| IPO Date | 19 to 21 Aug, 2024 |
| Listed on | Mon, Aug 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,51,200 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,55,200 shares Holani Consultants Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 28,96,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 28,96,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 82,50,000 shares |
| Share Holding Post Issue | 1,13,01,200 shares |
| NSE Symbol | BRACEPORT |
| ISIN | INE0R4Z01018 |
Brace Port Logistics IPO comprises a total issue size of 30,51,200 shares. The net offer to the public is 28,96,000 shares, after excluding 1,55,200 shares allotted on a firm basis. Of the Net offer 8,96,000 (30.94%) are allocated to QIB, 8,00,000 (27.62%) allocated to NII 12,00,000 (41.44%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,96,000 | 30.94% | 29.37% |
| − Anchor Investor Shares Offered | 5,37,600 | 17.62% | |
| − QIB (Ex. Anchor) Shares Offered | 3,58,400 | 11.75% | |
| NII (HNI) Shares Offered | 8,00,000 | 27.62% | 26.22% |
| Retail Shares Offered | 12,00,000 | 41.44% | 39.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,55,200 | 5.09% | |
| Total Shares Offered | 30,51,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 IPO raises ₹4.30 crore from anchor investors. Brace Port Logistics IPO Anchor bid date is August 16, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 16, 2024 |
| Shares Offered | 5,37,600 |
| Anchor Portion (₹ Cr.) | 4.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Sep 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 20, 2024 |
Incorporated in November 2020, Brace Port Logistics Limited is a company that specializes in providing ocean cargo logistics services to clients across various sectors of the economy.
The company also 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.
The company has a strong network that serves customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and globally.
The company provide services to countries such as Germany, Vietnam, UAE, Hongkong and Bangladesh.
The company is certified for Quality Management Systems (ISO ISO 9001:2015), Environmental Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2015).
On August 31, 2023, the company employed 20 people. They worked in departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 27.83 | 13.11 | 11.79 | 4.10 |
| Total Income | 55.25 | 70.94 | 54.20 | 7.06 |
| Profit After Tax | 4.89 | 6.18 | 3.22 | 0.23 |
| NET Worth | 13.77 | 8.88 | 4.20 | 0.98 |
| Reserves and Surplus | 5.52 | 8.13 | 3.45 | 0.23 |
| Total Borrowing | 0.49 | 0.59 | 0.66 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 16.10 |
| 2 | General corporate purposes | 4.49 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 43.19% |
| ROCE | 47.05% |
| Debt/Equity | 0.04 |
| RoNW | 35.52% |
| PAT Margin | 8.89% |
| Price to Book Value | 4.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.93 | 4.33 |
| P/E (x) | 13.49 | 18.48 |
| Promoter Holding | 96.04% | 70.11% |
| Market Cap | ₹90.41 Cr. |
The Brace Port Logistics IPO is subscribed 657.81 times on August 21, 2024 6:20:00 PM (Day 3). The public issue subscribed 588.74 times in the retail category, 450.04 times in the QIB category, and 854.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 450.04 | 3,58,400 | 16,12,92,800 |
| NII* | 854.49 | 8,00,000 | 68,35,88,800 |
| Retail | 588.74 | 12,00,000 | 70,64,89,600 |
| Total | 657.81 | 23,58,400 | 1,55,13,71,200 |
Total Application : 4,41,557
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 2.85 |
| 2 | Brokerage, selling commission and upload fees | 0.05 |
| 3 | Advertising and marketing expenses | 0.23 |
| 4 | Fees payable to the Legal Advisors | 0.09 |
| 5 | Fees payable to the Registrar to the Issue | 0.06 |
| 6 | Fees payable to the to the Regulators including stock exchanges | 0.37 |
| 7 | Printing and distribution | 0.01 |
| 8 | Others (bankers to the Issue, auditor’s fees etc.) | 0.16 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹152.00 |
| Low | ₹152.00 |
| High | ₹159.60 |
| Last Trade | ₹159.60 |
Lead Manager Reports
Brace Port Logistics IPO is a SME IPO of 30,51,200 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Aug 19, 2024, and closes on Wed, Aug 21, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Brace Port Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Brace Port Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brace Port Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brace Port Logistics IPO opens on Mon, Aug 19, 2024 and closes on Wed, Aug 21, 2024.
Brace Port Logistics IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in Brace Port Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Brace Port Logistics IPO will be done on Thursday, August 22, 2024, and the allotted shares will be credited to your demat account by Fri, Aug 23, 2024. Check the Brace Port Logistics IPO allotment status.
The Brace Port Logistics IPO listing date is on Mon, Aug 26, 2024.
