Brace Port Logistics made a strong stock market debut on August 26, listing at ₹152 per share on the NSE SME platform, a 90% premium over its IPO price of ₹80.
Despite this impressive start, the stock's gains were lower than expected, as the grey market had predicted a 145% premium. The company's public offer, entirely a fresh issue of 30.51 lakh shares worth ₹24.41 crore, saw significant investor interest, being subscribed 657.81 times.