Brace Port Logistics IPO Receives 42.21x Subscription on Day 1 So Far, Check GMP Today

Brace Port Logistics IPO: The initial public offering (IPO) of Brace Port Logistics Ltd was opened for public subscription on Monday, August 19. The price band of the SME IPO was fixed at Rs 76-80 per share. Till 4:22 pm on the first day of bidding on Monday, the 24.41-crore IPO received a 42.21 times subscription, garnering bids for 9,95,50,400 shares as against 23,58,400 shares on offer.

According to the latest data, the retail quota received a 65.54 times subscription, while the non-institutional investors category also got a 23.18 times subscription. The QIB category received a 6.59 times subscription.