August 26, 2024
admin
Brace Port IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
👉 Chanakyanipothi.com, a legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
Brace Port listing Review
The shares of the company are listed at Rs. 152, on listing cap of 90%. The listing has been in line with the expectations of the grey market.
Brace Port IPO allotment Link
What is the latest grey market premium of Brace Port IPO?
For latest GMP, Click
Subscription status of Brace Port IPO
Brace Port Logistics IPO (Closed)Price Rs. 80 Lot 1600 shares, Rs. 24.41 Crore |
||||
| QIB | NII x | RII x | Total x | Applications |
| 450.04 | 854.49 | 588.74 | 657.81 | 4,41,557 (588.74x) |
| Amount wise bids recd. Rs. 16057.14 Crore | ||||
| Note: Strong Subscription trend | ||||
What is the business of Brace Port?
The company specializes in ocean cargo logistics, offering comprehensive services to clients across various economic sectors. In addition to its core ocean freight solutions, it also provides a range of value-added services including air freight, warehousing, and special cargo handling. It is equipped to manage cargo logistics across international borders, ensuring seamless delivery and customs clearance services.
Its extensive global network, bolstered by the group and holding companies, enables it to deliver reliable services worldwide. Whether you require cross-border shipments or specialized logistics solutions, it has the expertise and infrastructure to meet your needs effectively.
Get more information about the company @ www.braceport-logistics.com
Brace Port IPO Details |
|
| IPO opens on | 19 August 2024 |
| IPO closes on | 21 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3051200 Shares / Rs 24.41 Crore |
| * Fresh Issue | 3051200 Shares / Rs 24.41 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 155200 Shares |
| Net offer to Public | 2896000 Shares/ Rs.23.17 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.76-80 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 1448000 | 11.59 |
| NII (50%) | 434400 | 3.48 |
| RII (50%) | 1013600 | 8.10 |
| Total Shares | 2896000 | 23.17 |
| Retail portion will be oversubscribed by | 634 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.128000 |
| Min HNI Application | 3200 Shares | Rs.256000 |
Who are the Promoters of Brace Port IPO?
The promoters of the company are YASH PAL SHARMA, TARUN SHARMA, SACHIN ARORA, RISHI TREHAN AND M/S SKYWAYS AIR SERVICES PRIVATE LIMITED
What are the Objects of Brace Port IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
- To Meet Working Capital Requirements
- General Corporate Purposes
.
Tentative timetable |
|
| IPO opens on | 19 August 2024 |
| IPO Closes on | 21 August 2024 |
| IPO Allotment on | 22 August 2024 |
| Refund Initiation | 23 August 2024 |
| Credit of Shares | 23 August 2024 |
| Listing on | 26 August 2024 |
| Registered Office of the Company A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur, New Delhi -110037 |
| Who is the Lead Manager of this IPO? Holani Consultants Private Limited |
| Who is the Registrar to IPO? Link Intime India Pvt Ltd |
Brace Port IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Brace Port IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 54.20 | 3.22 | 3.91 | 76.77 |
| 2022-23 | 70.94 | 6.18 | 7.49 | 69.60 |
| 2023-24 | 55.25 | 4.89 | 5.93 | 35.52 |
| Book Value of the Share on 31.03.2024 |
Rs | 16.69 | ||
| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 80 | ||
IPO
|
|
| Price/EPS of 23-24 | 13.49 |
| Price/BV Ratio | 4.79 |
| Price/BV after IPO | – |
How Brace Port IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Brace Port | 10 | 55 | 13.49 |
| Tiger Logistics | 10 | 240 | 30.81 |
| AVG Logistics | 10 | 479 | 20.18 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Brace Port IPO Review
The company specializes in ocean cargo logistics, offering comprehensive services to clients across various economic sectors. In addition to its core ocean freight solutions, it also provides a range of value-added services including air freight, warehousing, and special cargo handling. It is equipped to manage cargo logistics across international borders, ensuring seamless delivery and customs clearance services.
Size: Net size of the IPO is Rs.23.17 crore, comprising of 2896000 shares. The size turnout to be not very large. Huge oversubscription is not ruled out.
Financial Snapshot: There is not major ups and down in the topline and bottomline of the company. Compared to the peer group companies, the shares are offered at reasonable valuation.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Brace Port IPO GMP today allotment, review?
Brace Port IPO GMP grey market premium
Brace Port IPO FAQs
What is Brace Port IPO?
This is a SME IPO of 3051200 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Brace Port IPO subscription open?
Brace Port IPO opens on August ?, 2024, and closes on August ?, 2024.
What is the lot size of Brace Port IPO?
Brace Port IPO lot size is ? Shares, and the minimum amount required is Rs.?
How to apply for Brace Port IPO?
You can apply in Brace Port IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Brace Port IPO allotment?
The finalization of Basis of Allotment for Brace Port IPO will be done on August ?, 2024, and the allotted shares will be credited to your demat account by August ?, 2024.
When is Brace Port IPO listing date?
Brace Port IPO listing date is August ?, 2024.
