Brace Port Logistics Limited IPO GMP

Brace Port Logistics is a service-based logistics company, comprising of 50 plus trained and experienced professionals. The organization has rich industry expertise of more than two decades. Their aim is to provide highly optimized and customized supply chain solutions to their customers with unified technology systems.

Brace Port, an Book Built Issue amounting to ₹24.40 crores, consisting entirely a Fresh Issue of 30.51 Lakh Shares. The subscription period for the Brace Port IPO opens on August 19, 2024, and closes on August 21, 2024. The allotment is expected to be finalized on or about Friday, August 23, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, August 26, 2024.

The Share price band of Brace Port IPO is set at ₹76 to ₹80 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹128,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹256,000.

Holani Consultants Private Limited is the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. Holani Consultants Private Limited will act as the Market Maker for the Brace Port IPO.

Brace Port Logistics Limited IPO GMP Today
The Grey Market Premium of Brace Port Logistics Limited IPO is expected in the range of ₹70 to ₹72 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Brace Port Logistics Limited IPO Live Subscription Status Today
As of 01:19 PM on 21 August 2024, the Brace Port Logistics Limited IPO live subscription status shows that the IPO subscribed 314.16 times on on the first day of subscription period. Check the Brace Port Logistics Limited IPO Live Subscription Status Today at NSE.

Brace Port Logistics Limited IPO Allotment Status
Brace Port IPO allotment date is 23 August, 2024, Friday. Brace Port IPO Allotment will be out on 23rd August 2024 and will be live on Registrar Website from the allotment date. Check Brace Port Logistics Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Brace Port Logistics Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Brace Port Logistics Limited IPO
Brace Port Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,610.00 Lakhs is required for funding the working capital of the Company; and 
2. General corporate purposes.

Refer to Brace Port Logistics Limited RHP for more details about the Company.