New Delhi: Brace Port Logistics IPO and Forcas Studio IPO subscriptions, totalling nearly Rs 62 crore, opened on Monday, August 19, 2024, The subscriptions will close on August 21, 2024, with the allotment likely to be finalised on August 22, 2024, and the listing scheduled for August 26, 2024,on the NSE SME index.
Brace Port Logistics IPO GMP and subscription status
At the time of writing, Brace Port Logistics IPO was subscribed 22.51X overall with NII investors bidding for 12.33X shares and retail investors’ bids rising to 36.03X. No QIB bids were registered as of the time of writing, according to Chittorgarh.com updates. Brace Port Logistics IPO GMP stood at Rs 92 apiece on Monday, August 19, 2024, according to Investorgain, indicating a listing price of Rs 172 apiece, which is 115 per cent higher than the IPO upper price band of Rs 80 apiece.
Brace Port Logistics IPO key details
Brace Port Logistics IPO worth Rs 24.41 crore comprising 30.51 lakh fresh shares priced at Rs 76-80 per share opened for subscription on August 19, 2024. The IPO closing date is August 21, 2024. The minimum IPO lot size is 1,600 shares worth Rs 1.28 lakh for retail investors.
Brace Port Logistics reported a rise in revenues to Rs 5,524.59 crore in FY24 from Rs 7,093.66 crore a year ago. The company’s net profit was down to Rs 489.13 crore in FY24 from Rs 618.09 crore a year ago. The ocean cargo logistics services, air freight and warehousing facilities provider offers services in Germany, Vietnam, UAE, Hongkong and Bangladesh.
Forcas Studio IPO GMP and subscription status
Forcas Studio IPO was subscribed 17.14X on August 19, 2024, at the time of writing. Retail buyers subscribed 29X of the portion on offer while NNI investors lapped up 12.07X of the available shares. QIB investors had not bid for the shares at the time of writing, according to trends on Chiitorgarh.com.
Forcas Studio’s IPO GMP stood at Rs 82 apiece, indicating a Rs 152 per share listing price, or a 102.5 per cent premium over the IPO price of Rs 80 per share, according to Investorgain. GMP or grey market premium is the extra sum an investor is willing to pay to acquire a company’s stock.
The Forcas Studio IPO will opened for subscription on August 19, 2024, and will close on August 21, 2024. The book-built issue has no OFS portion and comprises a fresh issue of 46.8 lakh shares priced at Rs 77-80 per share to raise Rs 37.44 crore. A retail investor can apply for a minimum lot size of 1,600 shares priced at Rs 1.28 lakh.
Forcas Studio business and financials
Incorporated in April 2010, Forcas Studio is an apparel business focused on men’s clothes with offerings in jeans, shirts and tee-shirts, trousers, sportswear, party wear, and fashion wear. Forcas Studio’s revenues until March 31, 2024, rose to Rs 9,468.78 crore, from Rs 7,162.42 crore in the year-ago period. The company’s net profit jumped to Rs 553.31 crore, fro Rs 114.55 crore, during the period under consideration
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Forcas Studio IPo and Brace Port Logistics IPO opened on August 19, 2024. The two SME IPOs will close together on August 21, 2024. Check GMP and subscription status. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
