Brace Port Logistics IPO Allotment Finalized, Check on Linkintime

Brace Port Logistics will finalize the IPO allotment status on August 22, 2024. On August 23, 2024, the company will initiate refunds and credit shares to Demat accounts. Brace Port Logistics will then list its shares on August 26, 2024. In the meantime, investors can check their IPO allotment status online through the Linkintime website, or alternatively, via their bank account or Demat login in offline mode. For further clarity, you can refer to the step-by-step guide provided here to check the IPO allotment status both online and offline.

Brace Port Logistics IPO Allotment Details

This IPO received an overwhelming response, with overall subscriptions reaching 657.81 times. Specifically, investors subscribed 450.04 times in the QIB category, 854.49 times in the NII category, and 588.74 times in the Retail category. The company aims to raise approximately ₹24.41 crores through the IPO. The IPO will list on the NSE with a price band set between ₹76 and ₹80 per equity share.

Considering the retail subscription, the basis of allotment for the Brace Port Logistics IPO is likely to be around 1:588 (approximately).

Allotment Links

How to check the Allotment Status on Linkintime?

1. First, log on to the Brace Port Logistics IPO page on Linkintime.com.
2. Next, from the drop-down menu, select the IPO name: “Brace Port Logistics.”Then, choose one of the following options: PAN Number, Application Number, or DP ID.
3. After making your selection, enter the relevant details (PAN, Application, or Demat Account Number).
4. Once you’ve filled in the information, click the ‘Search’ button.
5. Finally, your status will appear on your screen, whether you’re using a mobile device or a desktop.

Steps to Check the Allotment Status of Brace Port Logistics IPO in Your Demat Account

1. First, contact your broker or log in to your Demat or trading account.
2. Next, verify whether the stock has been credited to your account.
3. If you have received the allotment, then the credited shares will appear in your Demat account.

How to check the Brace Port Logistics IPO Allotment Status in the Bank Account?

1. First, log in to the bank account from which you applied for the Brace Port Logistics IPO.
2. Next, navigate to the Balance Tab.
3. If you receive an allotment, we will debit the amount from your account.
4. If you do not receive an allotment, we will release the amount back to you.
5. Additionally, if you receive an allotment, you will get an SMS stating: “Dear Customer, we have debited your account with Bank Name (Account Number: 00001) with INR 00000.00 on Date.” Info: IPOName. The available balance is INR 000000.”

Please note: The IPO allotment and refund process for Brace Port Logistics is managed by the IPO Registrar. For any questions regarding the allotment date and time, kindly reach out to the registrar directly.

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