Western Carriers India IPO will open for subscription from 13 September 2024. The company aims for an issue size of ₹492.88 Cr through this IPO.
Company Overview
| Full name | Western Carriers India Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://western-carriers.com/ |
About Company
Western Carriers (India) is a private multi-modal rail-based 4PL asset-light logistics company in India. The company operates on a scalable, asset-light business model that allows us to deliver value-added, end-to-end 3PL and 4PL solutions. The company seeks to resolve such complexities by engineering tailor-made, one-stop/single-window, end-to-end, and integrated logistics solutions, that encompass a range of supply chain-related value-added services for its customers.
Business has since adapted to provide end-to-end, bespoke, multi-modal logistics solutions through the supply chain combining road, rail, water, and air logistics with a customized suite of value-added services. As of 31 March 2024, the company served a diverse base of over 1,647 customers and employed 1,427 permanent staff members.
As of 31 March 2024, the company maintained four zonal offices, over 50 branch offices, and 16 warehouses, all on leased premises. On the same date, Western Carriers (India) boasted a fleet of over 400 GPS-enabled heavy commercial vehicles, more than 100 pieces of heavy equipment, and over 500 shipping containers. They offer customers jumbo rakes, capable of transporting 1,500-2,000 metric tons of cargo in a single trip, as well as mini rakes with 20 wagons.
The Objectives of the Issue
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
- Funding of capital expenditure requirements of our Company towards the purchase of:
- commercial vehicles;
- 40 feet specialized containers and 20 feet normal shipping containers; and
- reach stackers; and
- General corporate purposes
Western Carriers India IPO Timetable
| IPO Opening date | 13 September 2024 |
| IPO Closing | 18 September 2024 |
| Basis of Allotment | 19 September 2024 |
| Initiation Refund | 20 September 2024 |
| Credit to Demat Account | 20 September 2024 |
| Listing Date | 23 September 2024 |
Western Carriers India IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹492.88 Cr – 28,655,813 shares |
| Fresh Issue | ₹400 Cr – 23,255,813 shares |
| Offer for sale | ₹92.88 Cr – 5,400,000 shares |
| Face value | ₹5 per share |
| Price Band | ₹163 to ₹172 per share |
| Lot size | 87 Shares |
| Shareholding pre-issue | 78,699,400 |
| Shareholding post-issue | 101,955,213 |
| Listing Exchange | BSE & NSE |
Western Carriers India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,964 |
| Retail (Max) | 13 | 1131 | ₹194,532 |
| S-HNI (Min) | 14 | 1,218 | ₹209,496 |
| S-HNI (Max) | 66 | 5,742 | ₹987,624 |
| B-HNI (Min) | 67 | 5,829 | ₹1,002,588 |
Western Carriers India Offer Documents
Western Carriers India IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Western Carriers India Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 1,470.88 | 1,633.06 | 1,685.77 |
| Expenses | 1,392.43 | 1,541.77 | 1,583.13 |
| Net income | 61.13 | 71.57 | 80.35 |
| Margin (%) | 4.16 | 4.38 | 4.77 |
Western Carriers India Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post Issue) | |
| EPS | 7.77 | 9.09 | 10.21 | 10.21 |
| PE Ratio | – | – | – | – |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 23.73 | 22.46 | 20.17 |
| NAV | 32.73 | 40.48 | 50.62 |
| ROCE (%) | 33.40 | 29.71 | 29.23 |
| EBITDA (%) | 7.40 | 7.74 | 9.01 |
| Debt/Equity | 0.58 | 0.66 | 0.67 |
Company Promoters
- Rajendra Sethia
- Kanishka Sethia
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Western Carriers India Offer GMP Update
Coming Soon
Western Carriers India IPO Subscription Update
Coming Soon
Western Carriers India IPO Allotment Status
Western Carriers IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Western Carriers India IPO Listing Details
| Listing Date | 23 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Western Carriers India IPO Lead Manager(s)
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
Western Carriers India Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: westerncarriers.ipo@linkintime.co.in
Website: www.linkintime.co.in
Western Carriers India Contact Details
WESTERN CARRIERS (INDIA) LIMITED
2/6 Sarat Bose Road, 2nd Floor, Kolkata
700 020, West Bengal, India
Phone: +91 33 2485 8519
Email: investors@westcong.com
Website: www.western-carriers.com
Western Carriers India IPO FAQs
How many shares in Western Carriers IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Western Carriers Public Offer?
The best way to apply for Western Carrier’s public offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Western Carriers IPO GMP today?
Western Carriers IPO GMP today is ₹ per share.
What is Western Carrier’s kostak rate today?
Western Carrier’s kostak rate today is ₹ NA per application.
What is Western Carriers Subject to Sauda rate today?
Western Carriers Subject to Sauda rate today is ₹ per application.
Final thoughts
Western Carriers India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
