New Delhi: Brace Port Logistics IPO, a book built issue of Rs 24.41 crores, opened for subscription on August 19, 2024 and will close on August 21, 2024. The issue has been subscribed 76.36 times, as per latest the information available today. In the retail category, the subscription status is 116.73 times, 6.60 times in Qualified Institutional Buyers (QIBs), and 47.07 times in the Non-Institutional Investors (NIIs) category. Brace Port Logistics IPO price band is fixed in the range of Rs 76 to Rs 80 per share.
Brace Port Logistics IPO GMP
Brace Port Logistics IPO GMP today stands at Rs 92, investorgain reported. With the price band of Rs 80, the shares of the SME IPO are estimated to be listed at Rs 172. The stock is expected to be listed at 115 per cent premium.
A retail investor is required to apply for a minimum lot size for an application is 1600 shares for which a minimum amount of investment required by retail investors is Rs 128,000.
Brace Port Logistics IPO allotment, listing
The Brace Port Logistics IPO allotment is likely to take place on August 22, while the initiation of Refunds is expected to start on August 23. The shares are likely to be credited to the demat accounts of eligible shareholders on August 23. The stock will get listed on NSE with a tentative date on August 26.
Brace Port IPO is a service-based logistics company with more than 20 years of experience. Brace Port provides supply chain solutions for Ocean Freight, Air Freight, Warehousing, Special Movements, Transportation and Custom Clearance. The company has its global presence in over 60 countries.
Horizon Management Private Limited book running lead manager: Forcas Studio IPO, while Mas Services Limited is the registrar for the issue. Giriraj Stock Broking is the market maker.
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Brace Port Logistics IPO will close for subscription on August 21, 2024. Brace Port IPO GMP today stands at Rs 92. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
