Brace Port Logistics Ltd IPO
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Brace Port Logistics Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 30.51 L | TBA | ₹ 12 L | ₹ 79.23 L | NSE | ₹ 24.41 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Aug, 24 | 21 Aug, 24 | 1600 | ₹ 1,21,600 | Book Building - SME | 26 Aug, 24 |
Brace Port Logistics Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 180.01x | 896000 | 161292800 |
| NII | 854.68x | 800000 | 683744000 |
| Retail | 588.74x | 1200000 | 706489600 |
| Employee | 0x | 0 | 0 |
| Total | 508.5x | 3051200 | 1551526400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Brace Port Logistics Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.98 | 8.42 | 4.34 |
| EBITDA | 7.35 | 8.49 | 4.36 |
| PAT | 4.89 | 6.18 | 3.22 |
| Total Assets | 25.44 | 10.44 | 10.29 |
| Share Capital | 8.25 | 0.75 | 0.75 |
| Total Borrowings | 6.76 | 3.23 | 1.09 |
| Operating Activities (Net Cash) | 5.26 | 6.25 | 3.24 |
| Investing Activities (Net Cash) | 0.08 | 1.56 | 1.43 |
| Financing Activities (Net Cash) | 6.76 | 3.23 | 1.09 |
| Net Cashflow | 1.88 | 4.18 | 2.63 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Brace Port Logistics Ltd
Our Company was incorporated as a private limited company under the provisions of Companies Act, 2013, pursuant to a Certificate of Incorporation dated November 07, 2020 issued by the Central Registration Centre, Manesar. Subsequently, our Company was converted into a public limited company under the provisions of Companies Act, 2013, pursuant to the approval accorded by our Shareholders at their extra-ordinary general meeting held on July 10, 2023. Consequently, the name of our Company was changed to Brace Port Logistics Limited and a fresh Certificate of Incorporation consequent upon conversion from a private limited company to a public limited company was issued to our Company by the RoC, Delhi on August 07, 2023 and Corporate Identification Number is U63030DL2020PLC372878. The registered office of our company is situated at A-182, Mahipalpur Extension 5, Road No 4, South Delhi, Mahipalpur, New Delhi -110037.
The logistics industry is essential for the economy of a country. It pertains to the general method of controlling how resources are obtained, housed and delivered to their ultimate location. It is a differentiating sector that can largely affect any country's exports, thereby adding a significant competitive edge, with the underlying assumption of a robust logistics sector. The logistics industry comprises all supply chain activities, mainly transportation, inventory management, flow of information and customer service. It determines the success of not only the country's supply chain but also influences it on a global scale.
Our Company is a service-based logistics company primarily engaged in the business of providing Ocean cargo logistics services to our clients operating in the various sectors of the economy. We also provide various value-added services like Air Freight, Warehousing facilities, special cargo services and custom clearance services. Our company along with our group companies and holding company have extensive network across the globe. We provide our services at a worldwide level where we cater for clients across the globe and even provide cross-border shipment facilities as well.
Peer Comparison:
- Tiger Logistics (India) Ltd
- AVG Logistics Ltd
Brace Port Logistics Ltd IPO Key Points
Strengths
- Accomplished Leadership Team and qualified workforce.
- Long Lasting Business Relationships.
- PAN India and Global Reach.
- Comprehensive Solutions for Transportation requirements.
- Diverse customer base across many sectors.
Risk
- The company depends on certain key customers for its revenues. A decrease in the revenues its derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.
- The company depends upon third parties to provide services which may result in delays in delivering the cargo/service on time, which in turn may lead to customer dissatisfaction and loss of further business.
- Its use the trademark which the company has obtained through assignment from its Corporate Promoter M/s Skyways Air Services Private Limited, which is in the process of Registration of assignment. If its fail to obtain trademark registration the company brand building efforts may be hampered which might lead to an adverse effect on its business.
Strategy
- Expanding our presence across the globe.
- Focus on quality.
- Focus on onboarding competent and efficient talent pool.
- Capitalize on the growth of the third-party logistics industry in India.
- Accomplished Leadership Team and qualified workforce.
- Long Lasting Business Relationships.
- PAN India and Global Reach.
- Comprehensive Solutions for Transportation requirements.
- Diverse customer base across many sectors.
How To Apply for Brace Port Logistics Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.