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Brace Port Logistics IPO
Price Band
₹76.0–80.0
Issue Size
₹24.41 Cr
Lot Size
1,600 shares
Min Investment
₹128,000
GMP
+₹116.0 (145.0%)
Issue Price
₹80.0
Subject to Sauda
₹141100
Paid only if allotted
Brace Port Logistics IPO AI Summary
- Brace Port Logistics IPO is listed on NSE SME in the Logistics Solution Provider sector.
- Price band: ₹76.0–₹80.0 per share, lot size 1,600 shares (min. investment ₹128,000).
- Subscription window: 19 Aug–21 Aug 2024, listing on 26 Aug 2024.
- Current GMP is +₹116.0 (145.0%), an estimated listing price of ₹196 — unofficial and can change daily.
Brace Port Logistics Limited is a logistics solution provider with a focus on ocean cargo services. The company has shown growth in revenue and profit in previous years, though recent figures indicate a decline. The IPO aims to raise funds for working capital and corporate purposes, with a competitive P/E ratio compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Brace Port Logistics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Brace Port Logistics IPO Grey Market Premium (GMP) Today
GMP
+₹116.0
GMP %
+145.0%
Est. Listing
₹196.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 27.83 | 13.11 | 11.79 | 4.10 |
| Total Income | 55.25 | 70.94 | 54.20 | 7.06 |
| Profit After Tax | 4.89 | 6.18 | 3.22 | 0.23 |
| NET Worth | 13.77 | 8.88 | 4.20 | 0.98 |
| Reserves and Surplus | 5.52 | 8.13 | 3.45 | 0.23 |
| Total Borrowing | 0.49 | 0.59 | 0.66 |
Key Ratios
EPS
₹5.93
NAV
₹16.69
ROE
43.19%
ROCE
47.05%
RoNW
35.52%
P/B Value
4.79
P/E Ratio
13.49
Market Cap
₹90.41 Cr
PAT Margin
8.89%
Debt/Equity
0.04
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Avg Logistics Limited | 146.51 | 16.35% | 20.18 | 7.09 | 7.09 |
| Tiger Logistics (india) Ltd | 104.83 | 11.7% | 30.81 | 12.26 | 12.26 |
| Brace Port Logistics Limited This IPO | 16.69 | 35.52% | — | 5.93 | 5.93 |
Promoters
Skyways Air Services Pvt.Ltd., Yash Pal Sharma, Tarun Sharma, Sachin Arora and Rishi Trehan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of our Company 16.10 2 General corporate purposes 4.49
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹7.06 Cr in the year ended 31 Mar 2021, rising to ₹54.20 Cr by 31 Mar 2022. However, it peaked at ₹70.94 Cr for the year ending 31 Mar 2023, before declining to ₹55.25 Cr by 31 Mar 2024. This decline is noteworthy as the most recent figure is from a full fiscal year.
Profit Trend
Profit After Tax was ₹0.23 Cr in the year ended 31 Mar 2021, increasing to ₹3.22 Cr by 31 Mar 2022. It further grew to ₹6.18 Cr for the year ending 31 Mar 2023, but then fell to ₹4.89 Cr by 31 Mar 2024. This decline is also significant, as it is based on a full fiscal year's results.
Valuation
Brace Port Logistics has an implied P/E ratio of 13.49 at the issue price, compared to peers trading at P/E ratios ranging from 20.18 to 30.81.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the premium at which shares of an IPO are traded in the unofficial market before they are listed on the stock exchange. A high GMP indicates strong demand and is often seen as a positive sign for potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies may want to avoid this IPO, as it operates in a competitive and evolving sector with inherent risks.
IPO Timeline, Explained
The IPO opens for subscription on 19 August 2024 and closes on 21 August 2024. Allotment will be finalized by 22 August 2024, and the shares are expected to be listed on the stock exchange on 26 August 2024.
Listing Gains — The Risk
While some IPOs may experience significant gains on their listing day, there is no guarantee. Market conditions, investor sentiment, and the company's performance can all influence the stock's price post-listing.
This evaluation is generated from Brace Port Logistics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Brace Port Logistics IPO GMP today?
Brace Port Logistics IPO GMP today is +₹116.0 (145.0%), indicating an estimated listing price of ₹196. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Brace Port Logistics IPO?
The price band of Brace Port Logistics IPO is ₹76.0–₹80.0 per share.
When does Brace Port Logistics IPO open and close?
Brace Port Logistics IPO opens on 19 August 2024 and closes on 21 August 2024.
When does Brace Port Logistics IPO list on the stock exchange?
Brace Port Logistics IPO listed on 26 August 2024 at ₹196.0.
What is the lot size for Brace Port Logistics IPO?
The lot size for Brace Port Logistics IPO is 1600 shares, requiring a minimum investment of ₹128,000.
What is the price band for the IPO?
The price band for the IPO is ₹76.0 to ₹80.0.
What is the minimum investment required?
The minimum investment required is ₹128,000.
What is the lot size for the IPO?
The lot size for the IPO is 1,600 shares.
When is the listing date for the shares?
The shares are expected to be listed on 26 August 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are traded in the unofficial market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Aug 2024
Close
21 Aug 2024
Allotment
22 Aug 2024
Listing
26 Aug 2024
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