Brace Port Logistics IPO open date is August 19 and the Initial Public Offering close date is August 21
Brace Port Logistics IPO: Brace Port Logistics has published that its IPO is going to be floated on the 19 of August 2024 and the period will end on 21 of August 2024. It is a leading logistics company specializing in efficient, reliable port and cargo handling services. It aims to gather INR [.] crore through an Initial Public Offering with an equity share of 30,51,200 with face value of INR 10 each and market lot of [.] shares.
Company Overview
Brace Port Logistics is a logistics service provider with warehouse solutions that encompass port logistics and cargo handling and has a high reputation for efficiency. The company specializes in shipment services, berthing, warehousing, international forwarding services, customs, and transportation. Self-equipped with modern technologies and manned by professionals, it provides reliable and timely delivery of goods with reference to international requirements.
The company employs strategically located facilities and sound network infrastructure to supply various industries such as production, merchandising, automotive, and power sub-sectors among others. The company’s operating principle clearly defines that its work is based on the principles of innovation and sustainable development that imply environmentally friendly policies and the application of the latest technologies in logistics.
Company Strategy
The business strategy of Brace Port Logistics is focused on the increase in market share and the degree of organizational work-in-process. The company is also seeking to allocate critical resources for technology and infrastructure to improve reliability and efficiency of service. To achieve its goals, Brace Port Logistics plans to strengthen its cooperation with other companies and expand the availability of its services to as many sectors as possible including manufacturing, retail, and energy. Another consideration is sustainability, which attempts to employ environmentally friendly measures and reduce negative impacts on the environment and aims to solidify its market position in the logistics services sector.
Details on IPO Date and Price Band
| IPO Open: | August 19, 2024 |
| IPO Close: | August 21, 2024 |
| IPO Size: | Approx ₹[.] Crores (30,51,200 Equity Shares) |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
IPO Objective:
In the IPO process, Brace Port Logistics’ main goals include the provision of working capital for the company as well as other general corporate uses. Substantial capital will be employed to improve operational effectiveness, research new technologies and facilities, and improve supply chain necessities. Also, its utilization of the funds will allow it to meet the growing demand expand the area of services provided and strengthen its positions. The IPO proceeds are also set aside for carrying out various corporate objectives, thus guaranteeing financial disparities and the positive progression and sustainability of Brace Port Logistics.
Market Lot Information on Brace Port Logistics IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (N/A shares) for INR [.]
- Retail Maximum: 1 lot (N/A shares) for INR [.]
- S-HNI Minimum: 2 lots (N/A shares) for INR [.]
Note: To be updated soon
Allotment Dates for Brace Port Logistics IPO
Brace Port Logistics IPO open date is August 19 and the IPO close date is August 21. The IPO allotment date is August 22.
| IPO Open Date: | August 19, 2024 |
| IPO Close Date: | August 21, 2024 |
| Basis of Allotment: | August 22, 2024 |
| Refunds: | N/A |
| Credit to Demat Account: | N/A |
| IPO Listing Date: | August 26, 2024 |
Note: Dates are
tentative.
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Brace Port Logistics. On the other hand, the IPO forms are also available for download on the NSE and BSE websites which the candidates can fill and submit.
Financial Analysis of Company
| Year | Revenue (Crore) | Expense (Crore) | PAT (Crore) |
| 2021 | INR 7.06 | INR 6.76 | INR 0.23 |
| 2022 | INR 54.20 | INR 49.88 | INR 3.22 |
| 2023 | INR 70.94 | INR 62.59 | INR 6.18 |
The financial performance of Brace Port Logistics has shown remarkable improvement in the past three years. For the year 2021, the company announced revenues of INR 7.06 crore, expenses of INR 6.76 crore and a hardly impressive profit after tax (PAT) of INR 0.23 crore. The next year, revenue rose to as high as INR 54.20 crore, with expenses of INR 49.88 crore, and the PAT has been recorded as INR 3.22 crore, which can be attributed to better profitability. The company upped its performance even more in 2023, with revenues rising to INR 70.94 crore, expenses amounting to INR 62.59 crore and establishing a PAT of INR 6.18 crore. This upward trend in revenues and PAT reflects better operational efficiency and successful strategic growth.
IPO Valuation (FY 2023)
The company’s EPS stands at a value of INR 7.49 with Return on Net Worth (RoNW) of 69.60% and a Net Asset Value (NAV) per share of INR 10.76 in the financial year 2023. The IPO price band of INR [.] per share to raise INR [.], with issue of 30,51,200 equity shares to raise INR[.] to enhance operational capabilities, advancing technology and infrastructure, and streamline logistics processes.
| Earnings Per Share (EPS): | ₹7.49 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 69.60% |
| Net Asset Value (NAV): | ₹10.76 per Equity Share |
Competitor Analysis
- Tiger Logistics (India) Limited
Tiger Logistics (India) Limited is one of the leading logistics and supply chain solution providers in India, with a focus on transportation, warehousing, and distribution. With an initial emphasis on supply chain management solutions, the company offers services such as transportation, forwarding, clearing, and general logistics. Possessing the latest technology and a competent workforce, Tiger Logistics promises timely and secure transport of products. Operating across manufacturing, retail and automotive sectors among others, the company focuses on optimizing operations and the customer experience. Tiger Logistics integrates professionalism and ingenuity to ensure that it meets the customers’ requirements in logistics service delivery.
- AVG Logistics Limited
AVG Logistics Limited is a company in the supply chain industry focused on the provision of proper transport, storage, and supply of goods. The company mainly concentrates on the management of the supply chain and provides services such as freight services, customs brokers and consolidators, and integrated logistics. AVG Logistics has up-to-date facilities and qualified personnel, which makes delivery of the goods faster and safer for companies in different fields. With such values as innovation and customer focus, AVG Logistics strives to increase the effectiveness of its work and offer its clients individual and effective logistics services.
In conclusion, the Brace Port Logistics IPO represents a strategic step forward for the company and a promising opportunity for investors. With its strong financials, strategic expansion plans, and commitment to sustainability, Brace Port Logistics is well-positioned to leverage the IPO for sustained growth and innovation. As the company lists on the NSE SME platform on August 26, 2024, it stands on the brink of transforming the logistics landscape, promising enhanced value creation and long-term growth for its stakeholders.
