Brace Port Logistics SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Brace Port Logistics IPO. Explore Brace Port Logistics IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Brace Port Logistics Limited is a service-based logistics company specializing in ocean cargo logistics and a variety of value-added services, including air freight, warehousing, special cargo handling and customs clearance. The company operates on a global scale, providing cross-border shipment services and catering to clients across multiple sectors, such as medical supplies, pharma, sports goods, perishables, electronics, consumer durables, and automotive industries. Backed by over two decades of industry expertise, the company is a subsidiary of Skyways Air Services Private Limited, a leading player in the air cargo industry and part of the Skyways Group, which has a presence in countries like Germany, Vietnam, UAE, Hong Kong, and Bangladesh.
Key Points:
- Core Services: Specializes in ocean cargo logistics, with additional services in air freight, warehousing, special cargo handling, and customs clearance.
- Global Reach: Operates on a worldwide scale, providing cross-border shipment facilities and catering to diverse sectors including medical supplies, pharma, sports goods, and more.
- Experienced Team: Led by industry veterans with over two decades of expertise, ensuring efficient and reliable logistics solutions.
- Extensive Network: Strong pan-India and international presence, supported by its holding company, Skyways Air Services Private Limited, and the broader Skyways Group.
- Revenue Diversification: Balanced revenue from both domestic and export services, with significant contributions from various continents including Europe, the Americas, Africa, Asia, and Oceania.
Objects of the Issue
- Funding the working capital requirements of the Company
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Aug - 21 Aug 2024 |
| IPO Price Band | ₹ 76 - 80 per share |
| Fresh Issue | 30,51,200 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 24.41 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Aug 2024 |
| IPO Closing Date | 21 Aug 2024 |
| Basis Of Allotment | 22 Aug 2024 |
| Refunds | 23 Aug 2024 |
| Demat Transfer | 23 Aug 2024 |
| IPO Listing Date | 26 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 7.06 | 54.20 | 70.94 | 55.24 |
| Total Expenses | 6.76 | 49.88 | 62.59 | 48.63 |
| Net Profit/Loss | 0.23 | 3.22 | 6.18 | 4.89 |
| NPM (*) | 3.22 | 5.95 | 8.77 | 8.89 |
| Total Assets | 4.10 | 11.79 | 13.11 | 27.83 |
| Total Liabilities | 3.12 | 7.59 | 4.23 | 14.06 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 3.01 | 3.91 | 7.49 | 5.93 |
| ROE (%) | 23.13 | 124.59 | 94.51 | 43.19 |
| ROCE (%) | 31.19 | 103.15 | 89.16 | 47.05 |
| D/E Ratio | 0.67 | NA | 0.07 | 0.04 |
| Current Ratio | 1.04 | 1.36 | 2.82 | 1.87 |
| EBITDA MARGIN (%) | 3.77 | 7.94 | 11.27 | 12.34 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Brace Port Logistics Limited | 55.00 | 13.49 | 5.93 | 35.52 | 16.69 |
| Tiger Logistics (India) Limited | 240.26 | 30.81 | 12.26 | 11.70 | 104.83 |
| AVG Logistics Limited | 479.76 | 20.18 | 7.09 | 16.35 | 146.51 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 450.04 |
| Non-Institutional Investor (NII/HNI) | 854.49 |
| Retail Individual Investor (RII) | 588.74 |
| Total | 657.81 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- M/S SKYWAYS AIR SERVICES PRIVATE LIMITED
- YASH PAL SHARMA
- TARUN SHARMA
- SACHIN ARORA
- RISHI TREHAN
Lead Managers
- Holani Consultants Private Limited
Company Address
Brace Port Logistics Limited
A-182, Mahipalpur Extension, 5, Road No 4, South Delhi, Mahipalpur, New Delhi -110037
Phone: 011 - 41729003
Email: cs@braceport-logistics.com
Website: www.braceport-logistics.com
FAQs
- What is the issue size of the Brace Port Logistics SME IPO?The Brace Port Logistics SME IPO has an issue size of Approx ₹ 24.41 crore. This includes a fresh issue of 30,51,200 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Brace Port Logistics IPO?The price band for the Brace Port Logistics IPO is ₹ 76 - 80 per share.
- What are the bidding dates for the Brace Port Logistics IPO?The Brace Port Logistics IPO will open for bidding on 19 Aug 2024 and close on 21 Aug 2024.
- What is the allotment date for the Brace Port Logistics IPO?The allotment date for the Brace Port Logistics IPO is 22 Aug 2024.
- What is the listing date for the Brace Port Logistics IPO?The listing date for the Brace Port Logistics IPO is 26 Aug 2024.
- What is the Brace Port Logistics IPO grey market premium?The grey market premium (GMP) for the Brace Port Logistics IPO is currently at ₹116, with an expected listing gain of approximately 145%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.