The Brace Port Logistics IPO, which opened for subscription on August 19, 2024, has garnered significant interest. As of the latest updates, the IPO has been subscribed over 48 times on the first day. The IPO price band is set between ₹76 and ₹80 per share, with the grey market premium (GMP) currently around ₹92, suggesting a strong listing potential of approximately ₹172 per share, which is 115% higher than the upper end of the issue price.

This IPO is part of the SME segment and will remain open until August 21, 2024. The allotment is scheduled for August 22, with the listing on the NSE SME platform expected on August 26, 2024