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Brace Port IPO
Brace Port Logistics Ltd
₹1,21,600 /1600 sharesMinimum Investment
Brace Port IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Aug ‘24 - 21 Aug ‘24 | ₹1,21,600 | 1,600 | ₹76 - ₹80 |
| Issue Size |
|---|
| 24.41Cr |
Subscription rate
As of 21 Aug'24, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 364.39x |
About Brace Port
Parent organisation
Brace Port Logistics Ltd
Strengths & Financials of Brace Port
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.
Brace Port Financials
*All values are in Rs. Cr
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Application Details of Brace Port IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹76 - 80 | ₹2 - 5 Lakh |
| High Networth Individual | ₹76 - 80 | ₹2 - 5 Lakh |
For Brace Port IPO, eligible investors can apply as Regular.