IPO Details
Bidding Dates
19 Aug 24 - 21 Aug 24
Price Range ₹
76 - 80
Total Equity
₹ 24.41Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
19 Aug 2024
Offer end
21 Aug 2024
Allotment
22 Aug 2024
Refund initiation
23 Aug 2024
Demat transfer
23 Aug 2024
Listing
26 Aug 2024
Offer start
19 Aug 2024
Offer end
21 Aug 2024
Allotment
22 Aug 2024
Refund initiation
23 Aug 2024
Demat transfer
23 Aug 2024
Listing
26 Aug 2024
About Company
Incorporated in November 2020, Brace Port Logistics Limited specializes in providing ocean cargo logistics services to clients across diverse sectors of the economy. In addition to ocean freight, the company offers air freight services, warehousing facilities, specialized cargo handling services—including managing cargo in foreign countries and delivering it to other international destinations—and customs clearance services. Brace Port Logistics has established a robust network that caters to customers in various industries, including medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive, both in India and internationally. The company serves clients in countries such as Germany, Vietnam, the UAE, Hong Kong, and Bangladesh. Brace Port Logistics is certified under multiple international standards, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2015 for Occupational Health and Safety Management Systems. As of August 31, 2023, the company employed 20 individuals working across various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labor.
Year Founded
07-11-2020
Promotor Details
Yash Pal Sharma
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.04 | 70.11 |
| Share Capital | 7923300 | 7923300 |
Offer to Public
30,51,200.00 Cr
Highlights
- The company is guided by an accomplished leadership team and supported by a highly qualified workforce. This combination of strong management and skilled employees ensures effective decision-making and operational efficiency, positioning the company for sustained growth.
- The company has cultivated enduring relationships with key business partners and clients. These long-term associations reflect trust and reliability, providing a stable revenue base and opening doors for future collaborations.
- With a widespread presence across India and a growing international footprint, the company is well-positioned to serve a diverse and expansive market. This broad reach enhances its ability to attract and retain clients from various regions and industries.
- The company offers a wide range of transportation and logistics services, tailored to meet the unique needs of clients across multiple sectors. This comprehensive approach allows it to provide end-to-end solutions, making it a preferred partner for businesses with complex logistical requirements.
- Leveraging advanced technology, the company delivers high-quality logistics services that are both efficient and reliable. Its focus on integrating technology into operations not only enhances service quality but also improves client satisfaction, contributing to long-term success in the rapidly growing third-party logistics industry in India.
Challenges
- The company's revenue heavily relies on a few key customers. Any decline in business from these clients could significantly impact the company’s financial health, results of operations, and cash flow, posing a substantial risk to its overall stability.
- The company depends on third parties to deliver essential services, which can result in delays and potential customer dissatisfaction. If these third-party providers fail to meet expectations, it could lead to lost business and damage the company’s reputation.
- The company’s brand-building efforts are tied to a trademark obtained through assignment from its Corporate Promoter, M/s Skyways Air Services Private Limited. The trademark is still in the process of registration, and failure to secure this registration could hinder the company’s branding strategy, adversely affecting its business.
- The company’s operations are heavily reliant on IT systems for connectivity and business functions. Any failure in these systems, loss of connectivity, or data breaches could disrupt service levels and negatively impact business performance.
- The company requires significant working capital for its expansion and growth, with a large portion tied up in trade receivables. As of March 31, 2024, trade receivables formed a substantial percentage of its working capital gap. Additionally, the company has experienced negative cash flow from operating, investing, and financing activities over the past three years, which could hinder future growth and financial stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 1,310.75 | 75.00 | 618.09 | 618.09 | 7.492 |
| 2021 | 409.20 | 75.00 | 618.09 | 618.09 | 7.492 |
| 2022 | 1,177.91 | 75.00 | 618.09 | 618.09 | 7.492 |
