The Brace Port Logistics IPO will be available for subscription from August 19 through August 21, 2024. Here are some important particulars:
– Price Range: ₹76 to ₹80 per share.
– The size of the issue is 30.51 lakh shares, totaling ₹24.41 crores.
– The smallest amount you can invest is 1600 shares, which totals to ₹128,000.
– Planned date of listing: Tentatively scheduled for August 26, 2024, on the NSE SME platform.
Strong demand has led to the IPO being oversubscribed by over 150 times within the first two days. The earnings will be utilized for operational funds and overall business needs.
Are you considering investing in this initial public offering?
What is Brace Port Logistics?
Port Logistics is a logistics company that provides services and has more than 20 years of experience in the industry. They provide various services, such as:
Ocean Cargo Logistics specialises in managing both full container load (FCL) and less than container load (LCL) shipments worldwide.
– Air Freight : Offering global air freight solutions.
Warehousing: Providing customised storage options for different types of goods.
– Simplifying import and export customs procedures: Customs Clearance.
– Utilising trustworthy road freight partners for both local and global transportation ensures efficient road transportation services.
Brace Port Logistics is recognized for its tailored and efficient supply chain services, utilising integrated technology platforms to fulfil customer requirements.
How has Brace Port Logistics performed financially?
Brace Port Logistics has displayed significant financial expansion in recent years. Here are a few important points:
- Revenue Increase: The company recorded a total revenue of ₹55 crore for the fiscal year ending in March 2024.
- Profitability: The net profit amounted to ₹4.9 crore during that time frame.
- 2021 saw the company achieving revenues of ₹7.06 crore and a profit after tax (PAT) of ₹0.23 crore.
This progress shows a significant increase in revenue and profitability, highlighting the growth of their business and successful cost control.
How does Brace Port Logistics compare to other logistics companies?
Brace Port Logistics has demonstrated impressive growth and performance, now let’s assess its performance against other companies in the logistics sector:
Tiger Logistics, AVG Logistics, and Brace Port Logistics are well-established players in the transportation services market. Tiger has a strong global presence and a strong customer foundation.
Average Logistics offers a wide range of storage and shipping options and focuses on technology integration. Brace Port Logistics, an up-and-coming competitor, has a net profit of ₹4.9 crore in FY 2024.
What are the risks associated with investing in Brace Port Logistics?
Investing in Brace Port Logistics comes with several risks that potential investors should consider:
- Competitive Market: The logistics sector is highly competitive, with many established players.
- Brace Port Logistics, being a relatively young company, faces intense competition.
- Dependence on Key Clients: The company’s business is concentrated on a few key clients.
- Macro-Economic Issues: Future economic downturns can impact trade volumes and revenue for logistics companies like Brace Port.
Considering these factors can help you make a more informed investment decision.
For more intresting update follow our official website.