The Western Carriers (India) IPO will open on September 13 and will close on September 18. Notably, this Book Built Issue aims to raise approximately ₹492.88 crores. Specifically, it comprises a fresh issue of ₹400 crores and an offer for sale of up to 5,400,000 equity shares, each with a face value of ₹5.
Table of contents
- Western Carriers (India) IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Western Carriers (India) IPO GMP (Grey Market Premium)
- Western Carriers (India) IPO Application Form PDF
- Western Carriers (India) IPO Subscription Status
- Western Carriers (India) IPO Allotment Status
- IPO Review
- Western Carriers (India) IPO Registrar
- Western Carriers (India) IPO Lead Manager
- Western Carriers (India) Limited Contact
- FAQ
Western Carriers (India) IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Western Carriers (India) Limited |
| Industry | Logistics and Supply Chain Management |
| IPO Issue Type | Book Built Issue |
| Open Date | September 13, 2024 |
| Close Date | September 18, 2024 |
| Total Issue Size | ₹492.88 Crores (28,655,813 Equity Shares) |
| Fresh Issue | ₹400 Crores (23,255,813 Equity Shares) |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹163 to ₹172 per share |
| Listing on | BSE & NSE |
| Lot Size | 87 Shares |
| Offer for Sale | ₹92.88 Crores (5,400,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Western Carriers (India) Limited is India’s largest private, multimodal, rail-focused, 4PL asset-light logistics provider. Operating through over 50 branches across India, the company utilizes a scalable, asset-light model. Additionally, they offer a diverse range of services, including single-window logistics, multimodal transportation, rail and road transport, cargo handling, customs house agency, ocean and air freight, and warehousing. By providing integrated and tailored solutions throughout the supply chain, Western Carriers ensures that clients receive efficient and timely services. Consequently, this has made them a preferred partner for many.
Incorporated in March 2011, Western Carriers (India) Limited is a multi-modal, rail-focused, 4PL asset-light logistics company. Moreover, they offer fully customizable logistics solutions that encompass road, rail, water, and air transportation, along with a range of value-added services.
The company serves various sectors, including metals, fast-moving consumer goods (FMCG), pharmaceuticals, chemicals, engineering, oil and gas, and retail. Their clientele includes major names such as Tata Steel Limited, Hindalco Industries Limited, Jindal Stainless Limited, JSW Steel Coated Products Limited, Bharat Aluminium Company Limited, Vedanta Limited, Hindustan Unilever Limited, Hindustan Coca-Cola Beverages Private Limited, Tata Consumer Products Limited, Gujarat Tea Processors and Packers Limited, CG Foods India Private Limited, Cipla Limited, Materials Chemicals and Performance Intermediaries Private Limited (formerly MCC PTA India Corp. Private Limited), Haldia Petrochemicals Limited, Gujarat Heavy Chemicals Limited, Brahmaputra Cracker and Polymer Limited, Sheela Foam Limited, and DHL Logistics Private Limited.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 18, 2024 |
| Basis of Allotment | September 19, 2024 |
| Refunds | September 20, 2024 |
| Credit to Demat Account | September 20, 2024 |
| IPO Listing Date | September 23, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹754.01 | ₹604.14 | ₹490.33 |
| Revenue | ₹1691.41 | ₹1637.84 | ₹1475.79 |
| Profit After Tax | ₹80.35 | ₹71.57 | ₹61.13 |
| Net Worth | ₹398.36 | ₹318.61 | ₹257.58 |
| Reserves and Surplus | ₹359.01 | ₹279.08 | ₹157.12 |
| Total Borrowing | ₹266 | ₹210.47 | ₹150.4 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,964 |
| Retail (Max) | 13 | 1,131 | ₹194,532 |
| S-HNI (Min) | 14 | 1,218 | ₹209,496 |
| B-HNI (Min) | 67 | 5,829 | ₹10,02,588 |
The objective of the Issue
- First, they will facilitate the prepayment or scheduled repayment of a portion of the company’s outstanding borrowings.
- Additionally, the funds will support capital expenditure needs, including the purchase of commercial vehicles, 40-foot specialized containers, 20-foot standard shipping containers, and reach stackers.
- Furthermore, the remaining funds will be allocated to general corporate purposes.
Company Promoters
- Mr. Rajendra Sethia
- Mrs. Kanishka Sethia
Western Carriers (India) IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Western Carriers (India) IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Western Carriers (India) Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Western Carriers (India) IPO Application Form PDF
To download the Western Carriers (India) IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Western Carriers (India) IPO Subscription Status
This IPO subscription kicks off on September 13, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Western Carriers (India) IPO Allotment Status
To check the Western Carriers (India) IPO allotment status go to the IPO registrar website Linkintime or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company’s expertise in delivering end-to-end logistics and tailored solutions provides it with a significant competitive edge.
- Given its strong execution capabilities and the ability to offer one-stop, single-window, end-to-end, and integrated logistics solutions in a market with substantial entry barriers, Western Carriers is strategically positioned to capitalize on favorable trends and initiatives within the Indian logistics industry.
Risks:
- However, there are risks to consider. Western Carriers may struggle to maintain the pace of its previous growth in future financial periods.
- Additionally, the company’s business and operational results could be negatively impacted if it fails to effectively implement its business plans and growth strategies.
- Furthermore, Western Carriers may face challenges in servicing its debt obligations promptly or in meeting the various financial and other covenants stipulated in its financing agreements.
Western Carriers (India) IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: ecorentacar.ipo@linkintime.co.in
Website: www.linkintime.co.in
Western Carriers (India) IPO Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone: +91 22 6630 3030
Email: westerncarriers.ipo@jmfl.com
Website: jmfl.com
Western Carriers (India) Limited Contact
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
FAQ
The Western Carriers (India) Ltd IPO includes a fresh issue of shares totaling up to ₹500 crore, in addition to an offer for sale of 93.29 lakh equity shares. The issue price, however, has yet to be announced.
The IPO is scheduled to open on September 13 for QIB, NII, and Retail Investors, and it will close on September 18.
Additionally, In terms of allocation, the IPO is divided as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
However, You can apply for the Western Carriers IPO online via ASBA through your bank account. Alternatively, you may use ASBA online via UPI through your stock brokers, or you can complete an offline application form through your stock brokers.
The IPO is set to list on September 23, and it will be available on both BSE and NSE.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
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