The issue is entirely a fresh issue of 30.51 lakh shares. Brace Port Logistics IPO is a book built issue of 30.51 lakh shares.
Brace Port Logistics IPO dates are yet to be announced.
Brace Port Logistics IPO price bands are yet to be announced.
Holani Consultants Private Limited is the book running lead manager of the Brace Port Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue.
About Brace Port Logistics Limited
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.
Refer to Brace Port Logistics IPO DRHP for detailed information.
Brace Port Logistics IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 3,051,200 shares(aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,051,200 shares(aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,250,000 |
| Share holding post issue | 11,301,200 |
| Market Maker portion | 155,200 shares |
Brace Port Logistics IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Brace Port Logistics IPO Promoter Holding
The promoters of the company are Skyways Air Services Private Limited, Mr. Yash Pal Sharma, Mr. Tarun Sharma, Mr. Sachin Arora and Mr. Rishi Trehan.| Share Holding Pre Issue | 96.04% |
| Share Holding Post Issue |
Brace Port Logistics Limited Financial Information (Restated Standalone)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,310.78 | 1,179.14 | 409.61 |
| Revenue | 7,093.66 | 5,419.57 | 706.25 |
| Profit After Tax | 618.09 | 322.39 | 22.57 |
| Net Worth | 888.05 | 419.96 | 97.57 |
| Reserves and Surplus | 813.05 | 344.96 | 22.57 |
| Total Borrowing | 59.1 | 65.62 |
Objects of the Issue (Brace Port Logistics IPO Objectives)
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding the working capital requirements of the company
- General corporate purposes.
Brace Port Logistics Limited Contact Details
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/
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