Brace Port Logistics Limited

Company Profile
Company Name Brace Port Logistics Limited
Open Date 19-08-2024
Close Date 21-08-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹76 to ₹80 per share
Issue Size 30,51,200 shares
Application Amount ₹1,28,000
Recommendation Avoid
The company has their registered office in Mahipalpur, New Delhi. Business Activities: This service-based logistics company primarily focuses on ocean cargo logistics, catering to various sectors. It also offers air freight, warehousing, special cargo handling, and customs clearance services. Customer Base: The company is a subsidiary of Skyways Air Services Private Limited, the flagship company of the Skyways Group, and leverages the group's extensive global network and presence in multiple countries. Revenue Streams: In 2024, the Americas lead revenue, followed by Europe and a growing Asia presence. Domestic services (50.65%) slightly outweigh exports (49.35%) in FY 2024. The company had 25 permanent employees as of July 18, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 5,413.79 7,045.35 5,500.43
EBITDA 467.74 793.72 641.19
Net Profit 322.39 618.09 489.13
RoCE 101.72% 83.65% 44.87%
ROE 76.77% 69.60% 35.52%
P/E 20.46 10.68 13.49

Tentative Timeline

Opening Date 19-08-2024
Closing Date 21-08-2024
Basis of Allotment 22-08-2024
Initiation of Refunds 23-08-2024
Credit of Shares to Demat 23-08-2024
Listing Date 26-08-2024

Objects of the Issue

Funding the working capital requirement of the company.
General Corporate Purposes.

Contact Information

Registered Office Brace Port Logistics Limited A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur-New Delhi-110037
Phone 011 - 41729003
Email cs@braceport-logistics.com
Website http://www.braceport-logistics.com/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email braceport.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

Anchor Investor Shares Offered 537,600 (17.62%)
Market Maker Shares Offered 155,200 (5.09%)
QIB Shares Offered 358,400 (11.75%)
NII (HNI) Shares Offered 800,000 (26.22%)
Retail Shares Offered 1,200,000 (39.33%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 96.04%
Share Holding Post Issue (Promoters) 70.11%

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