Brace Port Logistics Limited is launching an IPO consisting of a fresh issue of 30,51,200 shares worth INR 24.41 crores. The company aims to fund the working capital requirements and general corporate purposes.
Brace Port Logistics IPO – Important Dates
| Brace Port Logistics Limited IPO Date | August 19, 2024 to August 21, 2024 |
| Brace Port Logistics Limited IPO Listing Date | August 26, 2024 |
| Brace Port Logistics Limited IPO Price | INR 76-80 per share |
| Brace Port Logistics Limited IPO Lot Size | 1600 Shares |
| Brace Port Logistics Limited IPO Total Issue Size | INR 24.41 crores |
| Brace Port Logistics Limited IPO Basis of Allotment | August 22, 2024 |
| Brace Port Logistics Limited IPO Initiation of Refunds | August 23, 2024 |
| Brace Port Logistics Limited IPO Credit of Shares to Demat | August 23, 2024 |
| Brace Port Logistics Limited IPO Issue Type | Book Built Issue IPO |
| Brace Port Logistics Limited IPO Listing At | NSE SME |
Brace Port Logistics Limited IPO – Company Profile
Brace Port Logistics Limited is a global logistics provider specializing in ocean cargo services, air freight, warehousing, special cargo handling, and customs clearance. It is supported by an extensive international network for cross-border and worldwide shipments.
With over two decades of industry expertise, their skilled professionals deliver optimized, customized supply chain solutions using unified technology systems. Their holding company is a leading player in India’s air cargo industry.
Leveraging a robust pan-India and global network, their experienced team handles diverse logistics needs like medical supplies, electronics, perishables, and more by using advanced systems to optimize routes and pricing, ensuring flexible, efficient supply chain management.
Brace Port Logistics Ltd IPO Fundamental Analysis
Brace Port Logistics Limited Technologies’ financial analysis reveals a mixed performance. Revenue shows strong growth, supported by increasing equity, improved profitability, higher EPS, and rising RoNW, indicating robust financial health and expanding business potential.
- Revenue Trend: The revenue increased from ₹701.91 lakhs in March 2022 to ₹5,413.79 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 7,045.35 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹22.57 lakhs in March 2022 to ₹618.09 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹3.01 in March 2022 to ₹82.41 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 23.13% to 69.60%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Brace Port Logistics IPO Financial Analysis
| Particular | As of 31 March 2021 | As of 31 March 2022 | As of 31 March 2023 |
| Revenue (₹ in lakhs) | 701.91 | 5,413.79 | 7,045.35 |
| Equity (₹ in lakhs) | 97.57 | 419.96 | 888.05 |
| Expenses (₹ in lakhs) | 7.59 | 109.18 | 217.00 |
| Profit and Loss After Tax (₹ in lakhs) | 22.57 | 322.39 | 618.09 |
| Diluted EPS only (₹) | 3.01 | 42.99 | 82.41 |
| Return on Net Worth (%) | 23.13 | 76.77 | 69.60 |
| NAV per Equity Share (₹) | 1.18 | 5.09 | 10.76 |
| Total Assets (in lakhs) | 409.61 | 1,179.14 | 1,310.78 |
| Total Liabilities (in lakhs) | 312.04 | 759.18 | 422.73 |
| Debt Equity Ratio | 0.67 | NA | 0.07 |
| Current Ratio (in times) | 1.04 | 1.36 | 2.82 |
Brace Port Logistics Limited IPO Peer Comparison
Brace Port Logistics Limited, Tiger Logistics (India) Limited, and AVG Logistics Limited each show varying performance metrics. Brace Port offers solid results, while Tiger and AVG Logistics excel in profitability and growth.
| Company | Total Revenue (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Brace Port Logistics Limited | 7,045.35 | 10 | – | 7.49 | 69.60 | 118.41 |
| Tiger Logistics (India) Limited | 43,334.78 | 10 | 19.86 | 21.94 | 32.88 | 92.34 |
| AVG Logistics Limited | 42,710.82 | 10 | 38.42 | 7.09 | 9.29 | 76.23 |
Brace Port Logistics Ltd IPO Objective
The main objective of Brace Port Logistics Limited is to meet working capital requirements.
- Funding working capital requirements of their company: The company intends to utilize INR 9.75 crores and INR 6.35 crores of net proceeds for working capital requirements in FY 2023-24 and FY 2024-25, with remaining needs covered by internal accruals and net worth.
- General corporate purposes: The company will deploy the balance of funds towards general corporate purposes, including meeting operating expenses, strengthening business development and marketing, strategic initiatives, and ongoing corporate exigencies.
Brace Port Logistics IPO Risks And Challenges
Brace Port Logistics Limited’s risk includes potential trademark registration issues, service failures leading to claims, and reliance on overseas agents for cargo handling, where any deficiencies or terminated agreements could significantly impact operations.
- The company acquired its trademark from Skyways Air Services and is pursuing registration. Failure to register may limit enforcement of intellectual property rights, potentially impacting business operations and financial performance under the Trademarks Act, 1999.
- Service failures in critical customer operations or MTO services, including delays or cargo damage, could lead to substantial claims. Despite limiting liability in contracts, these protections may not always be enforceable or sufficient.
- Their business relies on overseas agents for cargo handling and delivery. Any service deficiencies or terminated agreements could directly impact them. Agents must secure optimal freight rates, manage third-party services, and promptly address cargo issues.
Brace Port Logistics Ltd IPO – Industry & Market Potential
The logistics industry, crucial to global trade, adapts to evolving economic patterns, facilitating B2B, B2C, and C2C supply chains. It is valued at 8.4 trillion euros and is expected to surpass 13.7 trillion by 20.
India’s express industry, though a small global player, is rapidly growing. Its origins are unorganized trade practices. Dominated by large plaits plait, it’s now a highly organized sector with a CAGR of 15% despite pandemic impacts.
The global logistics sector, valued at over USD 5.2 trillion, contributes 8 to 20% to India’s logistics market, estimated at $210 billion. India’s logistics market is growing at an 8 to 10% CAGR, with recent reforms improving efficiency despite pandemic disruptions.
Brace Port Logistics Limited IPO – Type of Offer
Brace Port Logistics Limited is launching an IPO consisting of a fresh issue of 30,51,200 shares worth INR 24.41 crores. The company aims to fund the working capital requirements and general corporate purposes.
Brace Port Logistics IPO Offer Size
The offer size of Brace Port Logistics Limited is INR 24.41 crores, consisting of a fresh issue of 30,51,200 shares. The company seeks funds to meet the working capital requirements and general corporate purposes.
Brace Port Logistics Limited IPO Allotment Structure
Brace Port Logistics Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 155,200 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 155,200 shares, are reserved for market makers.
How to apply for the Brace Port Logistics IPO?
To apply for the Brace Port Logistics Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Brace Port Logistics Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Brace Port Logistics Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Brace Port Logistics IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Brace Port Logistics Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Brace Port Logistics Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Brace Port Logistics Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Brace Port Logistics Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Brace Port Logistics Ltd IPO Offer Registrar
The registrar for the Brace Port Logistics Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C- 101, 1st Floor, 247 Park, L.B.S Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra, India
Telephone: +91 810 811 4949,
Email: [email protected]
Website: www.linkintime.co.in
Brace Port Logistics SME IPO – FAQs
1. What is the allotment date of the Brace Port Logistics IPO?
The allotment date of the Brace Port Logistics Organics Limited IPO is August 22, 2024.
2. What is the price band of the Brace Port Logistics IPO?
The price band of the issue is INR 76-80 per share.
3. What is the size of the Brace Port Logistics IPO?
The offer size of Brace Port Logistics Limited is INR 24.41 crores, consisting of a fresh issue of 30,51,200 shares. The company seeks funds to meet the working capital requirements and general corporate purposes.
4. What is the listing date of the Brace Port Logistics IPO?
The listing date of Brace Port Logistics Organics Limited’s IPO is August 26, 2024.
