Brace Port Logistics Ltd. was incorporated on November 07, 2020. It is a service-based logistics company primarily engaged in the business of providing ocean cargo logistics services to the clients operating in the various sectors of the economy. It also provides various value-added services like 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.
| Bidding Dates |
|---|
| 19 Aug 2024 - 21 Aug 2024 |
| Subscription |
|---|
| 617.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,600 | 1 | 1 | 1600 | 3.1 M | ₹76 - ₹80 | 70.11 % | ₹231.9 M - ₹244.1 M | RHP DOC |
Brace Port Logistics IPO SUBSCRIPTION STATUS
21 Aug '24Brace Port Logistics IPO overall subscription rate was 617.25 times the total available shares
Brace Port Logistics IPO retail subscription rate was 803.05 times in the retail segment
Brace Port Logistics IPO non-institutional investor subscription rate was 1813.45 times in the non-institutional investor category
Brace Port Logistics IPO Qualified Institutional Bidder subscription rate was 128.34 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
21 Aug 2024 (Day 3) | 803.05x | 1813.45x | 128.34x |
20 Aug 2024 (Day 2) | 310.46x | 724.4x | 4.8x |
19 Aug 2024 (Day 1) | 108.27x | 252.62x | 1.88x |
Brace Port Logistics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 48.9 | 550.0 | 5.2 | 15.3 | 12.3% |
| FY23 | 61.8 | 704.5 | 37.0 | 27.1 | 11.3% |
| FY22 | 32.2 | 541.4 | 35.3 | 41.8 | 7.9% |
Brace Port Logistics IPO SUBSCRIPTION STATUS DETAILS
Brace Port Logistics had 3.1 M shares on offer
Brace Port Logistics IPO offer price was in the range ₹76 - ₹80
Brace Port Logistics IPO minimum Investment was ₹121600
Brace Port Logistics IPO issue size was ₹ 231.9 M - ₹ 244.1 M
Brace Port Logistics had a minimum lot size of 1600 Shares per application
Brace Port Logistics NUMBER OF SHARES ON OFFER
Brace Port Logistics IPO IMPORTANT DATES
| Issue Open Date | 19 Aug 2024 |
| Issue close Date | 21 Aug 2024 |
| Allotment Date | 22 Aug 2024 |
| Refund Date | 23 Aug 2024 |
| Demat Account Credit Date | 23 Aug 2024 |
| Listing Date | 26 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Brace Port Logistics Allotment Status | Exchange |
Brace Port Logistics IPO subscription opened on 19 Aug 2024, and closed on 21 Aug 2024
IPO allotment for Brace Port Logistics was finalized on Thursday, 22 Aug 2024
IPO listing for Brace Port Logistics was on NSE on Monday, 26 Aug 2024
Brace Port Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 152.0 |
| Listing Close Price | 159.6 |
| Listing Gain% | 90.0% |
| Current Gain% | -10.1% |
Brace Port Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brace Port Logistics Ltd. | 72 | 81.3 | 18.4 | -0.5 | 1.3 | 10.3 | 9.4 | 63.2 | -26.9 | 4.4 | -34.7 | 3.9 | -34.7 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Brace Port Logistics INFORMATION ON IPO ISSUE
About Brace Port Logistics
Brace Port Logistics Ltd. was incorporated on November 07, 2020. It is a service-based logistics company primarily engaged in the business of providing ocean cargo logistics services to the clients operating in the various sectors of the economy. It also provides various value-added services like 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.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Brace Port Logistics - PROMOTERS
| Name |
|---|
| Yash Pal Sharma |
| Tarun Sharma |
| Sachin Arora |
| Rishi Trehan |
| Skyways Air Services Private Limited |
Brace Port Logistics Lead Manager of the Issue
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Brace Port Logistics Registrar to the issue
Link Intime India Private Limited
braceport.ipo@linkintime.co.in
Brace Port Logistics Strengths
Long-lasting business relationships
The company generates a majority of its revenue from the repetitive business provided by the clients, which is a testament to its endeavor to establish and maintain long-lasting relationships with all its clients.
Global reach
The company operates through different agents for providing its services in India as well as overseas. It provides cross-country logistic services to customers diversified across India and around the globe.
Brace Port Logistics Risks
Few customers
The company depends on certain key customers for its revenues. A decrease in the revenues from these customers could materially and adversely affect its business, results of operations, cash flows, and financial condition.
Third-party logistics provider
Being a third-party logistics provider, the company does not own or control the transportation assets that deliver its customers’ cargo and does not employ the people directly involved in delivering the cargo. This can lead to customer dissatisfaction and loss of further business.
IPO FAQs
The promoters of the company are Yash Pal Sharma, Tarun Sharma, Sachin Arora, Rishi Trehan and Skyways Air Services Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 80.0.
The IPO application opens on Aug 19, 2024 and closes on Aug 21, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 121,600.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Aug 22, 2024.
The refund will be credited to your account on Aug 23, 2024.
The allotted shares will be credited to your demat on Aug 23, 2024.
Brace Port Logistics Ltd.’s shares listed on the stock exchanges on Aug 26, 2024.