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Brace Port IPO
Brace Port Logistics Ltd
₹1,21,600 /1600 sharesMinimum investment
IPO details
Minimum investment
₹1,21,600
Price range
₹76 - ₹80
Lot size
1,600
Issue size
24.41 Cr
Face value
10
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total364.39x
As of 21 Aug'24, 04:00 PM
Schedule
19 Aug 2024
IPO open date
21 Aug 2024
IPO close date
22 Aug 2024
Allotment date
22 Aug 2024
Funds unblock or debit
26 Aug 2024
Tentative listing date
About
Parent organisation
Brace Port Logistics Ltd
Brace Port Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Brace Port Logistics holds the ISO 9001:2015 certification for quality management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2015 for occupational health and safety management systems.
The company services clients from multiple sectors, including retail, consumer goods, healthcare, manufacturing, automotive, food and beverages, energy, and utilities. This diversification across sectors obviates the problem of being dependent on any one sector for business.
The company has a pan India and global presence, serving different industries, including medical supplies and pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotives.
Financially, the company has demonstrated consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 7.02 crore in FY21 to Rs 54.14 crore in FY22, and further to Rs 70.45 crore in FY23. Similarly, profit after tax (PAT) rose from Rs 0.22 crore in FY21 to Rs 3.22 crore in FY22 to Rs 6.18 crore in FY23.
Brace Port Logistics relies heavily on a small group of key customers for its revenue from operations. In FY23, the top 10 customers accounted for 82.62% of revenue from operations, 84% in FY22, and 95.38% in FY21. Loss of business or a slowdown in orders from these clients could adversely affect the company's operations.
Brace Port Logistics is currently facing several legal challenges involving the company, its promoters, directors, and group companies. Any negative judgments in these cases could adversely impact the company's operations and financial health.
As of August 31, 2023, the company had an indebtedness of about Rs 0.55 crore.
Brace Port Logistics' freight forwarding business hinges on its network of overseas agents, who are crucial for meeting the logistics requirements of its customers.
Any failure to sustain the relationships provided by these agents could negatively impact the company's business operations.
Application details
For Brace Port IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹76 - ₹80 | ₹2 - ₹5 Lakhs | 1600 |
| High Networth Individual | ₹76 - ₹80 | ₹2 - ₹5 Lakhs | 1600 |