Brace Port Logistics IPO Details
The Brace Port Logistics IPO is a book build issue with a total issue size of ₹24.4 cr, comprising of fresh issue of 3051200 equity shares. Brace Port Logistics IPO opened for subscription on Aug 19, 2024 and closed on Aug 21, 2024. Brace Port Logistics IPO is set price band at ₹76 to ₹80 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹256,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 22, 2024, and listed on the NSE on Aug 26, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Holani Consultants Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Brace Port Logistics IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 76 – 80
- Lot Size
- 1600
- Issue Size
- ₹24.4 Cr
- Minimum Investment
- ₹256000 (3200 Shares)
- Listing Date
- 26 August 2024
Current GMP
₹92 (+115.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Brace Port Logistics Limited
Brace Port Logistics is a service-based logistics company primarily engaged in the business of providing Ocean cargo logistics services to their clients operating in the various sectors of the economy. They also provide 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. The company along with our group companies and holding company has an extensive network across the globe. They provide their services at a worldwide level where they cater to clients across the globe and even provide cross-border shipment facilities as well.
Brace Port Logistics IPO Promoters
Interarch Building Products Limited Promoters
- Skyways Air Services Private Limited
- Mr. Yash Pal Sharma
- Mr. Tarun Sharma
- Mr. Sachin Arora
- Mr. Rishi Trehan
Promoters Holding
Holding Pre Issue
96.00%
Holding Post Issue
0.00%
Brace Port Logistics IPO Objective
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.
Address / Contact Info
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
IPO Snapshot
Book Running Lead Managers
- Holani Consultants Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Brace Port Logistics IPO is a Book-building IPO with a total issue size of ₹24.4 crore. The Brace Port Logistics IPO price band is ₹76 to 80 per share. The Brace Port Logistics IPO subscription opens on Mon, Aug 19, 2024, and closes on Wed, Aug 21, 2024. The Brace Port Logistics IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Brace Port Logistics IPO.
The Brace Port Logistics IPO opens on Mon, Aug 19, 2024 and closes on Wed, Aug 21, 2024
Brace Port Logistics IPO Price Band is ₹76 to 80 per share.
Brace Port Logistics IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
The minimum investment for Brace Port Logistics IPO is ₹256000, based on one lot of 1600 shares at the upper price band of ₹80 per share.
Investors can apply for the Brace Port Logistics IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 21, 2024. The application amount remains blocked until the Brace Port Logistics IPO allotment is finalized.
Brace Port Logistics IPO issue size is ₹24.4 crores.
Brace Port Logistics IPO allotment date is Wed, Jul 1, 2026.
The registrar for Brace Port Logistics IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Brace Port Logistics IPO allotment status, refund processing, and other IPO-related information.
The Brace Port Logistics IPO GMP (Grey Market Premium) is ₹92 as of Tue, Aug 20, 2024. Based on the upper price band of ₹80 per share, the estimated Brace Port Logistics IPO listing price is ₹172, indicating a potential listing gain of approximately 0% over the issue price.