Today we are provided the information related to IPO, have an upcoming day issued and you need to get some shares with your appropriate price range. You that Brace Port Logistics, a leading service-based logistics company, is set to launch its Initial Public Offering (IPO) on 19th August 2024.
With a robust industry presence for over two decades and a team of more than 50 trained professionals, the company aims to raise funds to enhance its supply chain solutions and expand its global reach. As per the news and issued company guidelines Braceport will be issued 24.21 crores and issued entirely 30 lakh shares expected. Check Brace Port Logistics IPO Allotment, IPO Lot Size, and price will be mentioned below.
Brace Port Logistics IPO Allotment 2024
Brace Port Logistics is a well-established logistics company providing customized supply chain solutions across various industries. The company has a strong pan-India and global network, serving sectors such as medical supplies, pharmaceuticals, sports goods, perishables, electronics, consumer durables, and automotive. Brace Port Logistics operates in countries including Germany, Vietnam, UAE, Hong Kong, and Bangladesh. Further information like IPO Allotment, Lot SIze, Share Price details check.
Brace Port IPO Price 2024
The Brace Port Logistics IPO is a book-built issue, entirely a fresh issue of 30.51 lakh shares, aggregating up to ₹24.41 crores is expected details. The IPO opens for subscription on August 19, 2024, and ends on August 21, 2024.
| Details | Information |
|---|---|
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,051,200 shares (₹24.41 Crores) |
| Fresh Issue | 3,051,200 shares (₹24.41 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Shareholding | 8,250,000 shares |
| Post-Issue Shareholding | 11,301,200 shares |
| Official website | Brace Port IPO |
Brace Port Logistics IPO Dates, Schedule
Understanding the timeline of the IPO process is crucial for investors. Below is a table that outlines the key dates related to the IPO 2024 –
| Event | Date |
|---|---|
| Open Date | August 19, 2024 |
| Close Date | August 21, 2024 |
| Basis of Allotment | August 22, 2024 |
| Refunds date | August 23, 2024 |
| Credit to Demat Account date | August 23, 2024 |
| IPO Listing Date | August 26, 2024 |
Brace Port IPO 2024 Lot Size and Price Details
Investors interested in subscribing to the Brace Port Logistics IPO need to be aware of the lot size and pricing details. The minimum lot size for this IPO is 1600 shares, which would amount to ₹128,000 at the upper price band of ₹80 per share. High Net Worth Individuals (HNIs) can apply for a minimum of 2 lots, equating to 3200 shares, which would cost ₹256,000.
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Lot Size and Price Breakdown
| Details | Information |
|---|---|
| Issue Price | ₹76.00 – ₹80.00 per share |
| Market Lot | 1600 Shares |
| 1 Lot Amount | ₹128,000 |
| Min HNI Lots | 3200 shares (2 lots) |
| Min HNI Amount | ₹256,000 |
How to Apply for Brace Port IPO Allotment 2024 Online
Investors can apply for the Brace Port Logistics IPO through various channels. Here’s a step-by-step guide on how to apply –
- Log in to your bank’s net banking platform.
- Navigate to the IPO section and select IPO.
- Enter the number of shares you wish to apply for and the bid price.
- Confirm the application and ensure the required amount is blocked in your bank account.
UPI Method to Get IPO Allotment
- Log in to your broker’s trading app or platform.
- Go to the IPO and select the details available on it.
- Enter the bid details and provide your UPI ID.
- Approve the payment request received on your UPI app.
Important Points to Note
- Ensure your Demat account is active before applying for the IPO.
- Keep your PAN and UPI ID handy while filling out the application.
- Monitor your bank account for any issues.
Address & Contact details
Brace Port Logistics Limited
A-182, Mahipalpur Extension, 5, Road No 4,
South Delhi, Mahipalpur-New Delhi-110037
Phone: 011 – 41729003
Email: [email protected]
Website: www.braceport-logistics.com