Brace Port Logistics IPO Allotment: Check Your Status Now, GMP Soars Ahead of Listing Date
Brace Port Logistics is expected to finalize the share allotment for its IPO today after receiving an overwhelming response. Investors can check the status of their allotment through the registrar’s official website, Link Intime India, by following these steps:
- Go to the IPO Allotment Status page on Skyline Financial Services (https://www.skylinerta.com/ipo.php).
- Select the IPO from the dropdown menu.
- Enter your application number, fill in the captcha, and click ‘Submit.’
Alternatively, investors can also check the IPO allotment status on the NSE website by:
- Visiting the NSE website.
- Selecting the company’s name from the dropdown menu.
- Entering either the application number or PAN number to view the allotment status.
Brace Port Logistics GMP
In the unlisted market, shares of Brace Port Logistics are currently trading at a premium of ₹118. If this trend continues, the shares are expected to list with a 78% gain on August 26. The IPO was priced at ₹58 per share at the upper end.
The SME IPO, valued at ₹24 crore, saw massive interest, being subscribed over 600 times across different investor categories. The IPO consists entirely of a fresh equity sale of 30.51 lakh shares.
Purpose of the IPO
The funds raised from the IPO will be used to meet working capital needs and for general corporate purposes.
About Brace Port Logistics
Brace Port Logistics is a service-based company specializing in ocean cargo logistics. It serves clients across various sectors and offers additional services like air freight, warehousing, special cargo handling, and customs clearance.
Industry Overview
The logistics industry is crucial to a country’s economy, managing how resources are acquired, stored, and delivered. A strong logistics sector can significantly enhance a country’s exports, providing a competitive advantage in the global market.
Holani Consultants is the lead manager for the IPO, and Link Intime India is the registrar.
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