Brace Port Logistics Ltd - IPO

Brace Port Logistics Ltd IPO Details

Initial public offer of 30,51,200* equity shares of face value of Rs. 10/- each (Equity Shares) of Brace Port Logistics Limited (The Company or Company or Issuer) for cash at a price of Rs. 80/- per equity share (including a share premium of Rs. 70/- per equity share), aggregating to Rs. 24.41 crores** (The Issue). This issue includes a reservation of 1,55,200 equity shares aggregating to Rs. 1.24 crores (constituting up to 1.37 % of the post-issue paid up equity share capital of the company) for subscription by the market maker (Market Maker Reservation Portion). The issue less market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.00 % and 25.63 % respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 80/- is 8.00 times of the face value of the equity shares.

Objective of issue

Funding the working capital requirement of the company. General corporate purposes.

Brace Port Logistics Ltd Contact Details

Brace Port Logistics Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@braceport-logistics.com

Website - www.braceport-logistics.com