- Total Issue Size – Up To 30,51,200 Equity Shares of ₹ 10 each
- Issue Size – ₹ 24.41 Crores (At Upper Price Band)
- Price Band – ₹ 76 to ₹ 80 Per Share
- Lot Size – 1,600 Equity Shares
Mumbai, August 12, 2024 – Brace Port Logistics Limited, a global provider of integrated ocean, air, and special cargo logistics, has announced its plan to go public with an IPO on August 19, 2024, aiming to raise ₹ 24.41 Crores, with shares to be listed on the NSE Emerge platform.
The issue size is Up To 30,51,200 equity shares at a face value of ₹ 10 each.
Equity Share Allocation
- QIB Anchor Portion – Up to 5,37,600 Equity Shares
- Qualified Institutional Buyers (QIB) – Up to 3,58,400 Equity Shares
- Non-Institutional Investors (NII) – Not less than 8,00,000 Equity Shares
- Retail Individual Investors (RII) – Not less than 12,00,000 Equity Shares
- Market Maker – Up to 1,55,200 Equity Shares
The net proceeds from the Issue are set to be utilized for Funding of Working Capital Requirement of the company and General Corporate Purposes. The Anchor bidding will open on August 16, 2024, and the issue will open for subscription on August 19, 2024 and closes on August 21, 2024.
The Book Running Lead Manager to the Issue is Holani Consultants Private Limited, The Registrar to the Issue is Link Intime India Private Limited.
Mr. Sachin Arora, Managing Director of Brace Port Logistics Limited expressed, “As we announce our IPO, I am immensely proud of what our company has achieved over the years. With a strong foundation built on over two decades of industry expertise, Brace Port has established itself as a leader in providing highly optimized and customized supply chain solutions. Our extensive global network, coupled with advanced technology systems, allows us to deliver comprehensive logistics services across a wide range of industries, from medical supplies to automotive goods. Our experienced team is dedicated to overcoming challenges and ensuring the most efficient, cost-effective solutions for our clients.
This IPO represents a key milestone in our growth journey. We look forward to advancing our expansion efforts, utilizing our experienced leadership, dedicated team, and enduring business partnerships to drive continued success and create substantial value within the industry.”
Mr. Ashok Holani, Director of Holani Consultants Private Limited said, “The company’s upcoming IPO marks a significant milestone for the company and the logistics sector. The company’s comprehensive service model, which includes ocean cargo logistics, air freight, warehousing, and specialized cargo handling, positions it as a leading player in the global logistics arena.
The funds raised from the IPO will be in advancing the company’s strategic goals. They will support enhancements to operational capabilities, expansion of the domestic and international network, and investment in technology-driven solutions. These developments are expected to improve service efficiency, strengthen market position, and enable the company to seize new growth opportunities. This IPO reflects the company’s commitment to delivering high-quality logistics solutions and driving continued industry excellence.”
Brace Port Logistics Limited is a service-oriented logistics company that specializes in oceanic cargo logistics services for clients across diverse industries. They offer a range of value-added services, including air freight, warehousing facilities, specialized movements like RORO. The company excels in managing cargo services that encompass handling cargo in foreign countries and delivering it to other international destinations, as well as providing customs clearance services. Brace Port is a subsidiary of Skyways Air Services Private Limited. The company, along with its group of companies and holding company, has an extensive global network.
The company serves clients globally, providing cross-border shipment facilities and catering to customer needs around the world. They focus on providing optimized and customized supply chain solutions to meet the specific requirements of their customers. The company has a strong pan-India and global network across five continents, serving industries such as medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and the automotive sector. They offer a variety of third-party logistics services, enabling businesses to entrust them with the safe and efficient delivery of their cargo to its final destination.
In FY24, The Company achieved a Revenue of ₹ 5,500.43 Lakhs, EBITDA of ₹ 678.91 Lakhs, & PAT of ₹ 489.13 Lakhs.
Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
