Today August 21, 2024 is the last day for bidding for the IPO of two companies Forcas Studio Ltd and Brace Port Logistics Ltd. You would get all the details about both IPOs below.
Forcas Studio IPO GMP
The company was set up in April 2010. It is active in the apparel business and has focussed on male clothing. It sells jeans, shirts and tee-shirts, trousers, sportswear, party wear, fashion wear etc both through major online portals and big format retail stores across India. As per investorgain, Forcas Studio IPO GMP today stands at Rs 85. With the price band of 80, the shares of Forcas Studio are expected to be listed at a premium of 165.
Forcas Studio financials
Its revenues between FY24 and FY21 were Rs 9,468.78 crore, Rs 7,162.42 crore Rs 5,380.44 crore and Rs 5,113,14 crore, while the PAT was Rs 553.31 crore, Rs 114.55 crore, Rs 78.44 crore and Rs 55.55 crore respectively.
Forcas Studio IPO details
This is book-built issue. It has no OFS (offer for sale) portion and the entire issue will consist of fresh shares. The management wants to raise a total amount of Rs 37.44 crore by selling 46.8 lakh equity shares for the purpose.
Price band for Forcas Studio
The price band for Forcas Studio IPO has been fixed between Rs 77 and Rs 80 per share. A retail investor can apply for a minimum 1,600 equity shares, which will entail investment of Rs 1.28 lakh.
Brace Port IPO GMP details
It is a book-built issue that doesn’t have any OFS component. It will mop up Rs 24.41 crores by issuing 30.51 lakh fresh shares. The issue is open from August 19 to 21, 2024. The allotment for shares will be finalised on August 22, 2024. The listing is expected on August 26, 2024. Brace Port Logistics IPO GMP is at Rs 118, as per investorgain. The stock is likely to make its debut at Rs 198, which means at a premium of around 147 per cent gain.
Brace Port price band
The price band of each equity share is Rs 76-80 per share. One can apply for a minimum lot of 1,600 shares, which will cost Rs 1.28 lakh.
Brace Port revenue, PAT
The revenue of Brace Port for FY24, FY23, FY22 and FY21 stood at Rs 5,524.59 crore, 7,093.66 crore, Rs 5,419.57 crore and 706.25 crore respectively. The PAT in these FYs were Rs 489.13 crore, Rs 618.09 crore, Rs 322.39 crore and Rs 22.57 crore.
Brace Port business
Set up in November 2020, Brace Port Logistics offers ocean cargo logistics services, air freight and warehousing facilities. The company has clients in Germany, Vietnam, UAE, Hongkong and Bangladesh. Brace Port is especially active in the domains of perishables, automotive, pharmaceuticals, sports goods, electronics, and consumer durables.
The GMP of Forcas Studio is Rs 83 on August 21, 2024. The GMP of Brace Port Logistics is Rs 92. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
