Western Carriers (India) IPO
Open MainLineCurrent GMP
₹16 (+9.30%)
Price Band
₹ 163 – 172
Lot Size
87
Issue Size
₹492.88 Cr
Minimum Investment
₹14964 (87 Shares)
Listing Date
24 September 2024
Subscription
30.55x
About the Company
Western Carriers (India) stands as the largest private, multi-modal, rail-focused, asset-light logistics company in India by container volumes for Fiscal 2022. Dominating both domestic and EXIM (Export-Import) markets, the company achieved a market share of 7% and 3%, respectively, for container volumes during that period.
With a legacy spanning five decades, Western Carriers (India) brings extensive expertise in road, rail, sea, and river multi-modal transportation. Its Promoter, Rajendra Sethia, has been a key figure in the logistics sector since founding a rail-focused logistics business in 1972. This business was acquired by Western Carriers (India) in 2013, further cementing the company's leadership in the industry.
Adopting a scalable and asset-light model, Western Carriers (India) delivers innovative 3PL (third-party logistics) and 4PL (fourth-party logistics) solutions. The company specializes in managing the complexities of the supply chain with tailored, integrated, end-to-end logistics solutions. These offerings include a range of value-added services, ensuring a seamless experience for their clients.
Promoters
Promoters of the company
- Rajendra Sethia
- Kanishka Sethia
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
71.89%
Objects of the Issue
The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue less the Offer expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilised in the following manner:
- 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 purchase of:
- commercial vehicles
- 40 feet specialised containers and 20 feet normal shipping containers
- reach stackers
- General corporate purposes
Address / Contact Info
Western Carriers (India) Limited
2/6 Sarat Bose Road 2nd Floor,
Kolkata-700020 West Bengal, India
Phone: +91 33 2485 8519
Email: investors@westcong.com
Website: https://western-carriers.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 13 September 2024
IPO Close Date
Thursday, 19 September 2024
Basis of Allotment
Friday, 20 September 2024
Initiation of Refunds
Monday, 23 September 2024
Credit of Shares to Demat
Monday, 23 September 2024
Listing Date
Tuesday, 24 September 2024 — NSE & BSE
Important Dates
Open Date
13 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 359.01 | 279.08 | 157.12 |
| Total Borrowings | 266 | 210.47 | 150.4 |
EPS Pre
10.21%
EPS Post
7.88%
P/E Pre
16.85
P/E (Post Issue)
21.83x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 22.41 |
| ROCE % | 29.23 |
| Debt / Equity | 0.67 |
| RoNW % | 20.17 |
| PbW | 3.4 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 8596743 | 30 | 0 |
| Qualified Institutions | 5731163 | 20 | 0 |
| Non-Institutional | 4298372 | 15 | 0 |
| BNII | 2865581 | 10 | 2352 |
| SNII | 1432791 | 5 | 1176 |
| Retail Investors | 10029535 | 35 | 115282 |
| Total | 28655813 | 100 | 0 |
Subscription Status ( Thu, 19 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5898528 | 165092679 | 27.99x |
| Non-Institutional | 4490982 | 200769639 | 44.71x |
| BNII | 2993988 | 119345817 | 39.86x |
| SNII | 1496994 | 81423822 | 54.39x |
| Retail Investors | 10478957 | 271567107 | 25.92x |
| Total | 20868467 | 637429425 | 30.55x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 87 | 14,964.00 |
| Retail (Max) | 13 | 1,131 | 194,532.00 |
| S-HNI (Min) | 14 | 1,218 | 209,496.00 |
| S-HNI (Max) | 66 | 5,742 | 987,624.00 |
| B-HNI (Min) | 67 | 5,829 | 1,002,588.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Western Carriers (India) IPO is a Book-building IPO worth ₹492.88 crores. The price band is ₹163 to 172 per share. The IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Western Carriers (India) IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024
Western Carriers (India) IPO Price Band is ₹163 to 172.
Western Carriers (India) IPO lot size is 87, and the minimum amount required for application is ₹14964.
The minimum investment for Western Carriers (India) IPO is approximately ₹14964 based on the upper price band.
To apply for the Western Carriers (India) IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 19, 2024. After submission, funds are blocked until the basis of allotment of Western Carriers (India) IPO is finalised.
Western Carriers (India) IPO issue size is ₹492.88 crores.
Western Carriers (India) IPO allotment date is Sat, Jun 27, 2026.
The registrar for Western Carriers (India) IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Western Carriers (India) IPO through their official website or helpline.
The Western Carriers (India) IPO GMP (Grey Market Premium) is ₹16 as of Tue, Sep 24, 2024. Based on the upper price band of ₹172 per share, the estimated Western Carriers (India) IPO listing price is ₹188, indicating a potential listing gain of approximately 31% over the issue price.