Mumbai: Braceport Logistics Limited, a global provider of integrated ocean, air and specialized cargo logistics, has announced its plan to go public with an IPO on August 19, 2024, aiming to raise ₹ 24.41 crore, with shares to be listed on the issue. The issue size is up to 30,51,200 equity shares at face value of ₹ 10 each.
The net proceeds from the issue are set to be used to finance the company’s working capital requirement and general corporate purposes. The anchor bid will open on August 16, 2024 and the issue will open for subscription on August 19, 2024 and close on August 21, 2024. The Book Running Lead Manager to the issue is Holani Consultants Private Limited, the Registrar to the issue is Link Intime India Private Limited.
Mr. Sachin Arora, Managing Director, Brace Port Logistics Ltd. said, “As we announce our IPO, I am extremely proud of what our company has achieved over the last few years. With a strong foundation built on over two decades of industry expertise, Brace Port has established itself as a leader in providing highly customized and tailored supply chain solutions.
Our extensive global network, coupled with advanced technology systems, allows us to provide comprehensive logistics services across a wide range of industries from medical supplies to automotive accessories. The team is dedicated to overcoming challenges and ensuring the most efficient, cost-effective solutions for our customers.
(Anil Bedag)
