IPO Details
Bidding Dates
19 Aug '24 - 21 Aug '24
Minimum Investment
₹1,28,000/ 1 Lot (1600 Shares)
Price Range
₹76 - ₹80
Maximum Investment
₹1,28,000/ 1 Lot (1600 Shares)
Retail Discount
To be announced
Issue Size
₹24.41 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 19, 2024
IPO Close Date
Aug 21, 2024
Basis of Allotment
Aug 22, 2024
Initiation of Refunds
Aug 23, 2024
Credit of Shares to Demat
Aug 23, 2024
Listing Date
Aug 26, 2024
Cut-off time for UPI mandate confirmation
Aug 21, 2024
About Brace Port Logistics Limited
Brace Port Logistics is a prominent player in the service-based logistics sector, specialising in ocean cargo logistics. The company also offers a range of value-added services, including air freight, warehousing, special cargo handling, and customs clearance. With an extensive global network through its group and holding companies, Brace Port Logistics caters to clients worldwide and facilitates cross-border shipments.
The company’s team, comprised of skilled professionals with over two decades of industry experience, is adept at delivering optimised and customised supply chain solutions. The holding company is a leading force in India's air cargo industry, adding to the company's robust operational capabilities.
Brace Port Logistics boasts a strong network across India and internationally, serving a diverse range of industries such as medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive sectors. Advanced systems and processes are employed to tackle logistics challenges effectively. The company is committed to flexibility in managing supply chains, identifying the best routes, and providing competitive pricing.
Certified with Quality Management Systems (ISO 9001:2015), Environment Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2015), Brace Port Logistics ensures high standards across its operations.
Promoted by M/s. Skyways Air Services Private Limited, the flagship company of the Skyways Group, Brace Port Logistics, benefits from the group's extensive presence in Germany, Vietnam, UAE, Hong Kong, and Bangladesh. With a leadership team of seasoned professionals and a focus on long-term client relationships, Brace Port Logistics continues to expand its global reach and service capabilities.
Industry Outlook:
- The logistics industry is recovering quickly post-pandemic. Its global market value is expected to reach over €13.7 trillion by 2027, driven by rising consumer demand and expanding trade routes.
- The Asia-Pacific region continues to dominate the logistics market, valued at approximately $3.9 trillion in 2020, due to increased industrial production and significant intra-regional trade.
- The surge in e-commerce is fueling growth in logistics. The global e-commerce logistics market reached €441 billion in 2021, creating opportunities for companies to expand their service offerings and market presence.
Brace Port Logistics Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To Allocate ₹1,610.00 lakh to strengthen the company's working capital, ensuring smooth business operations and meeting day-to-day financial needs.
- Utilise the remaining funds for general corporate purposes.
Peer Details
As per DRHP, the following are the listed peers of Brace Port Logistics Limited:
- Tiger Logistics (India) Limited
- AVG Logistics Limited
How to Check the Allotment Status of the Brace Port Logistics Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Brace Port Logistics Limited IPO
- Registered office: A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur, New Delhi -110037
- Phone: 011 - 41729003
- E-mail: cs@braceport-logistics.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 5,500.43 | 7045.35 | 5413.79 |
| Profit After Tax (PAT) (in ₹ lakh) | 489.13 | 618.09 | 322.39 |
| Cash & Cash Equivalents (in ₹ lakh) | 187.88 | 418.31 | 262.57 |
| Net Worth (in ₹ lakh) | 1,377.18 | 888.05 | 419.96 |
| EBITDA (in ₹ lakh) | 678.91 | 793.65 | 430.02 |
| Return on Capital Employed (RoCE) (%) | 47.05 | 89.16 | 103.15 |
| Return on Equity (ROE) (%) | 43.19 | 94.51 | 124.59 |
| Reserves and Surplus (in ₹ lakh) | 552.18 | 813.05 | 344.96 |
Know before investing
Strengths
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Brace Port has strong ties with leading carriers, enabling the company to secure favourable commercial terms and operational advantages for its clients.
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The company has established long-term relationships with top clients, generating significant repeat business and contributing to consistent revenue growth.
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Brace Port operates through 102 agents, providing services across India and internationally, enhancing its ability to cater to a diverse customer base.
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Brace Port leverages advanced technology like "Cargo Dash" for efficient logistics management, ensuring seamless tracking and operational efficiency.
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The company serves a wide range of sectors, including retail, healthcare, and manufacturing, positioning itself as a versatile player in the logistics industry.
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The Company maintains high service standards, earning multiple ISO certifications, which helps secure repeat business and strengthen its brand reputation.
Risks
6-
Brace Port heavily relies on a few key customers, making the company vulnerable to revenue fluctuations if these customers reduce their business.
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Due to its reliance on third-party service providers for freight services, the company risks delays and customer dissatisfaction.
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Brace Port Logistics risks its brand-building efforts if it fails to secure trademark registration, which could potentially impact business operations.
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If Brace Port Logistics fails to meet delivery deadlines or if cargo is lost or damaged, it may face customer claims and reputational damage.
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The company's reliance on overseas agents for logistics services exposes the company to risks if these agents provide subpar service or terminate agreements.
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Failure to obtain or maintain necessary licenses and permits may result in operational disruptions or penalties.
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Brace Port Logistics IPO FAQs
Brace Port Logistics Limited’s IPO is a book built issue IPO. It will be open from August 19, 2024, to August 21, 2024.
The Basis of Allotment will happen on Thursday, August 22, 2024.
The IPO subscription window will open on August 19, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.
The listing date for Brace Port Logistics Limited is Monday, August 26, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
