Incorporated in November 2020, Brace Port Logistics Limited is a company that specializes in providing ocean cargo logistics services to clients across various sectors of the economy.
The company also provides services such as Air Freight, Warehousing facilities, special cargo services such as handling cargo in foreign countries and delivery of the same in other foreign countries and customs clearance services.
The company has a strong network that serves customers in various industries including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and globally.
The company provide services to countries such as Germany, Vietnam, UAE, Hongkong and Bangladesh.
The company is certified for Quality Management Systems (ISO ISO 9001:2015), Environmental Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2015).
On August 31, 2023, the company employed 20 people. They worked in departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the working capital requirements of the company | — |
| Funding the working capital requirements of the company | — |
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 2,783 | 1,311 | 1,179 |
| Revenue | 5,525 | 7,094 | 5,420 |
| PAT | 489 | 618 | 322,390 |
| Net Worth | 1,377 | 888 | 420 |
| Reserves | 552 | 813 | 345 |
| Total Borrowing | 49 | 59 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 896,000 (29%) | — |
| NII / HNI | — | 800,000 (26%) | — |
| Retail (RII) | — | 1,200,000 (39%) | — |
| Market Maker | — | 155,200 (5%) | — |
| Total | — | 3,051,200 (100%) | — |
* Amount calculated at upper price band (₹80) · ** Total includes all investor categories
- 1 Initiation of Refund 23 Aug 2024
- 2 Credit of Shares to Demat 23 Aug 2024
- Retail allocation is good at 39% of the total offering.
- HNI/NII demand is strong at 26%.
- Institutional (QIB) interest is strong at 29%.
- The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹6 compares to post-issue EPS of ₹4 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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