IPO Corner: Brace Port Logistics Limited

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. 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.

• Issue Opens: August 19, 2024
• Issue Closes: August 21, 2024
• Face Value: Rs 10 each
• Price Band: Rs 76 to Rs 80 per share
• Lot Size: 1600 Shares
• Listing On: NSE EMERGE
• Issue Size: 30,51,200 equity shares
• Issue Type: Book Built Route
• Basis of Allotment: August 22, 2024
• Initiation of Refund: August 23, 2024
• Credit to Demat: August 23, 2024
• Listing Date: August 26, 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.

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.