August 19, 2024 - August 21, 2024

Brace Port Logistics IPO Subscription Details

Brace Port Logistics IPO Subscription Status Live

Brace Port Logistics IPO subscribed 657.81 times. The public issue subscribed 588.74 times in the retail category, 450.04 times in QIB, and 854.49 times in the NII category by August 21, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	450.04	358,400	16,12,92,800	1,290.34
Non-Institutional Buyers*	854.49	800,000	68,35,88,800	5,468.71
Retail Investors	588.74	1,200,000	70,64,89,600	5,651.92
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	657.81	2,358,400	1,55,13,71,200	12,410.97

Total Application : 441,557 (588.74 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 155,200 equity shares not included.

Brace Port Logistics IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 August 19, 2024	6.59	29.03	81.41	52.27
Day 2 August 20, 2024	16.83	106.16	231.26	156.24
Day 3 August 21, 2024	450.04	854.49	588.74	657.81

Brace Port Logistics IPO Shares Offered

Brace Port Logistics IPO is a public issue of 3,051,200 equity shares. The issue offers 1,200,000 shares to retail investors, 358,400 shares to qualified institutional buyers, and 800,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	537,600	4.30	17.62%
Market Maker	155,200	1.24	5.09%
QIB	358,400	2.87	11.75%
NII*	800,000	6.40	26.22%
Retail	1,200,000	9.60	39.33%
Total	3,051,200	24.41	100%

Brace Port Logistics IPO Anchor Investor Allocation

A total of 537,600 shares at a price of Rs 80 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Holani Venture Capital Fund	251,200	80	46.73	20,096,000
2	Meru Investment Fund PCC	158,400	80	29.46	12,672,000
3	Rajasthan Global Securities Pvt. Limited	128,000	80	23.81	10,240,000
		537,600		100	43,008,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Brace Port Logistics IPO Subscription FAQs

The Brace Port Logistics IPO is subscribed 657.81 by August 21, 2024.