Contents
- 1 Brace Port Logistics IPO Details
- 2 Brace Port Logistics IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Brace Port Logistics IPO GMP (Grey Market Premium)
- 6 Brace Port Logistics IPO Subscription Status
- 7 Brace Port Logistics IPO Allotment Status
- 8 Know About Company
- 9 Brace Port Logistics Limited Financial Information
- 10 KPI Of Brace Port Logistics Limited
- 11 Objects of the Issue
- 12 Peer Group
- 13 Brace Port Logistics IPO Registrar
- 14 Brace Port Logistics IPO Lead Manager
- 15 Brace Port Logistics Limited Contact
- 16 Brace Port Logistics Limited IPO Application Form PDF
- 17 Analyses Of Brace Port Logistics Limited IPO
Brace Port Logistics is launching its IPO to raise ₹24.41 crores through a fresh issue of 30.51 lakh shares. The IPO will open for subscription on August 19, 2024, and will close on August 21, 2024. The allotment of shares is expected to be finalized on August 22, 2024, and the shares will be listed on the NSE SME on August 26, 2024.
The price band for the Brace Port Logistics IPO is set between ₹76 and ₹80 per share. For retail investors, the minimum lot size is 1,600 shares, which requires an investment of ₹128,000. High Net-worth Individuals (HNIs) must apply for at least 2 lots, totalling 3,200 shares, amounting to ₹256,000.
Reff. Doc – Brace Port Logistics IPO RHP
Brace Port Logistics IPO Details
| Open Date | August 19, 2024 |
| Close Date | August 21, 2024 |
| IPO Size | Aggregating ₹24.41 crores through 30.51 lakh shares |
| Fresh Issue | 30.51 lakh Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹76 to ₹80 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1600 Shares |
| OFS | N.A |
| Share Offered to Retail | 35% |
| Share Offered to QIB | 50% |
| Share Offered to HNI | 15% |
Brace Port Logistics IPO Date
- IPO Open Date: August 19, 2024
- IPO Close Date: August 21, 2024
- Allotment: August 22, 2024
- Refunds: August 23, 2024
- Shares Credit to Demat: August 23, 2024
- Listing Date: August 26, 2024
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
Promoter Holding
The promoters of the company are Mr. Sudheer Kumar Balakrishnan Nair, Mr. Susil Balakrishnan Nair, and Mr. Balakrishnan Nair. The shareholding of the promoters before the issue is 90.22%.
Brace Port Logistics IPO GMP (Grey Market Premium)
If you want to know Brace Port Logistics IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Brace Port Logistics IPO Subscription Status
Brace Port Logistics IPO subscription starts on August 19, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Brace Port Logistics IPO Allotment Status
To check the Brace Port Logistics IPO allotment status go to the IPO registrar website ” Link Intime India Private Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Brace Port Logistics Limited is a service-oriented logistics company that specializes in providing customized supply chain solutions. Founded on November 7, 2020, and based in South West Delhi, the company has quickly established itself in the logistics sector, leveraging over two decades of industry expertise among its team of trained professionals.
Company Overview
Brace Port Logistics focuses on delivering optimized logistics services across various industries, including pharmaceuticals, electronics, perishables, automotive, and consumer goods. The company aims to meet the diverse needs of its clients by employing advanced technology and flexible approaches to supply chain management. With a global network spanning over 60 countries across six continents, Brace Port Logistics is well-equipped to handle logistics challenges effectively.
Services Offered
The company provides a wide range of logistics services, including:
- Air and Ocean Freight Forwarding: Managing the transportation of goods via air and sea.
- Customs Brokerage: Assisting with customs clearance processes to ensure compliance with regulations.
- Vendor Consolidation: Streamlining shipments from multiple vendors to optimize costs and efficiency.
- Cargo Insurance: Offering insurance options to protect shipments against loss or damage.
- Transportation Services: Facilitating the movement of goods to their final destinations.
- Warehousing and Distribution: Providing storage solutions and managing the distribution of goods.
- Project and Break Bulk Lifts: Handling large and complex shipments that require special logistics solutions.
Leadership Team
Brace Port Logistics is guided by a team of experienced professionals, including its Managing Director and Chief Financial Officer. The leadership team brings a wealth of knowledge from the logistics industry, contributing to the company’s strategic direction and operational success.
Commitment to Customer Service
The core philosophy of Brace Port Logistics is centred around exceptional customer service. The company strives to build strong relationships with its clients by understanding their unique logistics needs and delivering tailored solutions that exceed expectations.
Brace Port Logistics Limited is a promising player in the logistics industry, combining extensive experience with innovative solutions to meet the evolving needs of its customers. With a focus on growth and customer satisfaction, the company is well-positioned for future success in the global logistics market.
Brace Port Logistics Limited Financial Information
The financial data for Brace Port Logistics Limited for the periods ending March 31 for the years 2021 to 2024:
| Period Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (PAT) (₹ Lakhs) | Net Worth (₹ Lakhs) | Total Borrowing (₹ Lakhs) |
|---|---|---|---|---|---|
| 31 Mar 2024 | 2,783.29 | 5,524.59 | 489.13 | 1,377.18 | 48.97 |
| 31 Mar 2023 | 1,310.78 | 7,093.66 | 618.09 | 888.05 | 59.10 |
| 31 Mar 2022 | 1,179.14 | 5,419.57 | 322.39 | 419.96 | Not Provided |
| 31 Mar 2021 | 409.61 | 706.25 | 22.57 | 97.57 | 65.62 |
KPI Of Brace Port Logistics Limited
The financial KPIs for your company for the years ending March 31 for 2024 and 2023
| Particulars | 2024 | 2023 |
|---|---|---|
| Revenue from Services (₹ Lakhs) | 5,500.43 | 7,045.35 |
| Growth in Revenue from Services (%) | -21.93% | 30.14% |
| Gross Profit (₹ Lakhs) | 904.60 | 1,046.41 |
| Gross Profit Margin (%) | 16.45% | 14.85% |
| EBITDA (₹ Lakhs) | 678.91 | 793.65 |
| EBITDA Margin (%) | 12.34% | 11.27% |
| Profit After Tax (₹ Lakhs) | 489.13 | 618.09 |
| PAT Margin (%) | 8.89% | 8.77% |
| ROE (%) | 43.19% | 94.51% |
| ROCE (%) | 47.05% | 89.16% |
| Net Fixed Asset Turnover (In Times) | 57.55 | 63.24 |
| Net Working Capital Days | 78 | 35 |
| Operating Cash Flows (₹ Lakhs) | 52.25 | 369.60 |
Objects of the Issue
- Funding the working capital requirements of our Company; and
- General corporate purposes.
Peer Group
- Tiger Logistics (India) Limited
- AVG Logistics Limited
Brace Port Logistics IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai-400083, Maharashtra, India
Tel: +91 22 49186200
Fax: +91 – 022-4918 6195
Website: www.linkintime.co.in
Brace Port Logistics IPO Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Tel.: +91 0141 – 2203996
Website: www.holaniconsultants.co.in
Brace Port Logistics Limited Contact
Brace Port Logistics Limited
A-182, Mahipalpur Extension,
5, Road No 4,
South Delhi, Mahipalpur-New Delhi-110037
Phone: 011 – 41729003
Email: cs@braceport-logistics.com
Website: http://www.braceport-logistics.com/
Brace Port Logistics Limited IPO Application Form PDF
To download the Brace Port Logistics Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Analyses Of Brace Port Logistics Limited IPO
Pros
- Growth Potential: Despite a recent decline in revenue and PAT, the company has shown robust growth in previous years, indicating potential for recovery and future growth.
- Diverse Services: The range of logistics services offered caters to various industries, providing a broad revenue base and mitigating industry-specific risks.
- Global Presence: With operations in over 60 countries, Brace Port Logistics is well-positioned to leverage global trade opportunities.
- Experienced Management: The leadership team’s extensive industry experience adds credibility and strategic direction to the company’s operations.
- IPO Pricing: The price band is set between ₹76 and ₹80 per share, which is relatively reasonable compared to the financial performance and growth trajectory.
Cons
- Recent Decline in Financials: The significant drop in revenue and PAT from the previous year might concern investors about the company’s short-term performance and profitability.
- High Promoter Holding: The promoters’ high shareholding of 90.22% before the issue might raise concerns about reduced liquidity and the influence of a few major stakeholders on corporate decisions.
- Net Working Capital Days: An increase in net working capital days to 78 days from 35 days may indicate potential issues with liquidity and operational efficiency.
- Grey Market Premium: If the GMP (Grey Market Premium) is not favourable, it may affect the initial trading performance and investor sentiment.
Conclusion
Brace Port Logistics Limited’s IPO presents an opportunity to invest in a company with a growing footprint in the logistics industry. While there are concerns regarding recent financial performance and working capital management, the company’s diverse services, global reach, and experienced management team offer potential growth prospects. Investors should weigh these factors carefully and consider their risk tolerance before investing in the IPO.
The Brace Port Logistics Limited IPO is an Initial Public Offering to raise ₹24.41 crores by issuing 30.51 lakh new shares. The IPO will be open for subscription from August 19, 2024, to August 21, 2024. Shares are expected to be listed on the NSE SME on August 26, 2024.
The price band for the Brace Port Logistics IPO is set between ₹76 and ₹80 per share.
Retail Investors: The minimum lot size is 1,600 shares, requiring an investment of ₹128,000.
High Net-Worth Individuals (HNIs): The minimum lot size is 3,200 shares (2 lots), requiring an investment of ₹256,000.
The allotment of shares will be finalized on August 22, 2024. Refunds will be processed, and shares will be credited to demat accounts on August 23, 2024.
The proceeds from the IPO will be used primarily for funding the working capital requirements of Brace Port Logistics Limited and for general corporate purposes.
