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SME IPO Status: Listed [19th Aug 2024 to 21st Aug 2024]
Brace Port Logistics IPO, a SME IPO of ₹24.41 Cr was launced on 19-08-2024 to 21-08-2024 and the shares got listed on NSE SME on 26-08-2024.
The public issue of Brace Port Logistics IPO (BRACEPORT) was offered at ₹80.00 per share and the ipo was listed at ₹152.00. It has delivered listing gain of 90.00%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 115200.00 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Aug 2024 |
| SME IPO Issue Closing Date: | 21st Aug 2024 |
| SME IPO Issue Price: | ₹76.00-80.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹24.41 Cr |
| Fresh Issue: | ₹24.41 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96.04% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | BRACEPORT |
Get important updates regarding Brace Port Logistics SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 22nd Aug 2024 |
| Refunds Initiation* | 23rd Aug 2024 |
| Credit of Shares to Demat* | 23rd Aug 2024 |
| SME IPO Listing Date* | 26th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹76.00-80.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 3200 shares (2 lots)- ₹256000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-08-2024 | 80.00 | 116 | 141100 | ₹196 (145%) | 26-Aug-2024 10:28 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Brace Port Logistics Limited was founded in November 2020. The service-oriented logistics company primarily offers sea freight logistics services to its customers from various industries. It also offers various value-added services such as air freight, warehousing, specialised freight services such as handling goods abroad and delivering them to another country, and customs clearance services.
The company, together with its group companies and holding company, has an extensive network throughout the world. It offers its services on a global scale, serving customers worldwide and even offering cross-border transportation.
The company has a strong India-wide and global network to fulfil the needs of its customers in a variety of industries, including medical and pharmaceutical products, sporting goods, perishables, electronics, consumer durables automobiles, etc. The experienced team can handle all logistical movements using advanced systems and processes to overcome any challenges. They are flexible in their approach to effectively manage supply chains and identify the best routes for the transportation of shipments as well as the best pricing options.
| Incorporation | Sector | IPO Issue Size | Website |
| 2020 | Logistics Solution Provider | ₹24.41 Cr | http://www.braceport-logistics.com/ |
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 358,400 (15.2%) | 800,000 (33.92%) | 1,200,000 (50.88%) | 2,358,400 | |
| 1 | 19th Aug 2024 19:32 | 6.59x | 29.03x | 81.41x | 52.27x |
| 2 | 20th Aug 2024 19:32 | 16.83x | 106.16x | 231.26x | 156.24x |
| 3 | 21st Aug 2024 18:22 | 450.04x | 854.49x | 588.74x | 657.81x |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,783.29 | 1,310.78 | 1,179.14 | 409.61 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,524.59 | 7,093.66 | 5,419.57 | 706.25 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 489.13 | 618.09 | 322.39 | 22.57 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,377.18 | 888.05 | 419.96 | 97.57 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 552.18 | 813.05 | 344.96 | 22.57 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 48.97 | 59.1 | 65.62 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Brace Port Logistics Limited | 5.93 | 5.93 | 16.69 | 35.52 | ||
| Tiger Logistics (india) Ltd | 12.26 | 12.26 | 104.83 | 30.81 | 11.7 | Standalone |
| Avg Logistics Limited | 7.09 | 7.09 | 146.51 | 20.18 | 16.35 | Standalone |
Last Updated on 30-Aug-2024 07:03:19
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Brace Port Logistics SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Brace Port Logistics SME IPO with Zerodha.
Alternate approch to apply in Brace Port Logistics SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Brace Port Logistics SME IPO Review and Important Updates
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To subscribe or apply in Brace Port Logistics SME IPO, you can use the following methods:
| Brace Port Logistics SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Brace Port Logistics SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Brace Port Logistics SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Brace Port Logistics SME IPO. Most of the Syndicate Banks provide access to apply in Brace Port Logistics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Brace Port Logistics SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Brace Port Logistics SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Brace Port Logistics SME IPO Review and Important Updates
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Brace Port Logistics SME IPO is going to be list on 26-08-2024. NSE Code for Brace Port Logistics is BRACEPORT.
Other relevant questions:
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Brace Port Logistics SME IPO Allotment Date is 22-08-2024.
Other relevant questions:
Brace Port Logistics SME IPO share allotment date?Brace Port Logistics SME IPO allotment date?
