IPO

Western Carriers (India) Ltd. IPO

Western Carriers (India) Ltd., established in 2011, operates in the Logistics - Warehousing/Supply Chain/Others sector. The company's IPO opened on September 13, 2024 and closed on September 18, 2024, ... Read more

Min Investment
₹ 14,964 / 87 shares
Price Range
₹163 - ₹ 172
Bidding Dates
13 Sep '24 - 18 Sep '24
Total Issue Value
492.88 Cr
Lot Size
87
Total Issue Size
492.88 Cr
Listing At
BSE, NSE
Subscription
32.44 times
BSE Price
114.05 (-33.69%)
NSE Price
114.05 (-33.69%)

IPO Timeline

  • 13 Sep 2024
    Bidding Starts
  • 18 Sep 2024
    Bidding Ends
  • 19 Sep 2024
    Allotment Finalization
  • 23 Sep 2024
    Listing

About Western Carriers (India) Ltd.

We are the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes handled by private players in Fiscal 2023. Our domestic and EXIM market share, based upon container volumes handled, was 6% and 2%, respectively, in Fiscal 2023 (Source: ... Read more

Parent organisation
Founded
Western Carriers (India) Ltd.
2011

Western Carriers (India) Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 85,96,744 (30%)
Non Institutional Investors 42,98,372 (15%)
Qualified Institutional Buyers (QIBs) 57,31,163 (20%)
Retail Individual Investors (RIIs) 1,00,29,535 (35%)

Western Carriers (India) Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 1,691.51 Cr 80.33 Cr 359.07 Cr
31 Mar 2023 1,637.83 Cr 71.55 Cr 279.13 Cr

Western Carriers (India) Ltd. Background

Major Events And Milestones
  • 2013
    Rajendra Sethia, the Promoter Selling Shareholder, transferred his proprietorship business carried under the name and style ‘Western Carriers’ to our Company on a going concern basis with effect from July 1, 2013
  • 2015
    The license to transact business as customs broker all over India was endorsed in the name of Western Carriers (India) Limited by the Commissioner of Customs, Custom House, Kolkata, West Bengal
    Our Company became supply partner for EXIM movement for a large steel company
  • 2018
    Our Company became supply chain partner for EXIM movement for a large zinc company
  • 2019
    Our Company was certified by the Central Board of Indirect Tax and Customs, Ministry of Finance as compliant with international supply chain security standards and was granted the Authorised Economic Operator-LO (Customs Broker) certification
  • 2020
    Our Company achieved turnover of approximately ?10,000 million in Fiscal 2020
  • 2022
    Our Company received an order from a large aluminum company to cater to its integrated multimodal logistics requirement
Western Carriers (India) Ltd. Object of Issues

1. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
2. Funding of capital expenditure requirements of our Company towards purchase of (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers
3. General corporate purposes

Western Carriers (India) Ltd. IPO Listing Details
Listing Date
23 Sep 2024
BSE Script Code
WESTCARR
NSE Symbol
WESTCARR
ISIN
INE0CJF01024
Final Issue Price
₹ 172
Western Carriers (India) Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 172.00 ₹ 172.00
Open ₹ 170.00 ₹ 171.00
Low ₹ 158.50 ₹ 158.51
High ₹ 177.00 ₹ 177.00
Last Trade ₹ 159.45 ₹ 159.44
Western Carriers (India) Ltd. Company Promoters

1. Rajendra Sethia
2. Kanishka Sethia

Industry Overview

Logistics sector is a core enabler for the development of India to reach the government’s vision of achieving a U.S.$5 trillion economy by the year 2025. Robust expansion led by an increase in public infrastructure spending through policies such as the NLP, the DFCs, Gati Shakti Master Plan ... Read more

Western Carriers (India) Ltd. IPO Registrar
Link Intime India Pvt. Ltd.
C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (West), Mumbai Maharashtra - 400083
8108114949
Western Carriers (India) Ltd. IPO Lead Manager(s)
JM Financial Ltd.
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai Maharashtra - 400025
66303030

FAQs

When does Western Carriers (India) Ltd. IPO opens and closes?

Western Carriers (India) Ltd. IPO opens from 13th September to 18th September 2024.

What is the size of Western Carriers (India) Ltd. IPO?

The size of the Western Carriers (India) Ltd. IPO is ₹492.88 Cr.

What is the price range of Western Carriers (India) Ltd. IPO?

The price range of Western Carriers (India) Ltd. IPO is at ₹163 to ₹172 per share.

What is the minimum investment and lot size required for the Western Carriers (India) Ltd. IPO?

The minimum investment required is ₹14,964 and minimum lot size is 87 shares.

When is Western Carriers (India) Ltd. IPO listing date?

The Western Carriers (India) Ltd. IPO will be listed on 23rd September 2024.

What is the objective of Western Carriers (India) Ltd. IPO?

1. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
2. Funding of capital expenditure requirements of our Company towards purchase of (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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