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Western Carriers (India) Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹172
Per Share
GMP
NIL
Grey Market
Est. Listing
₹172
Expected Price
Min. Application
₹29,928
2 lots × 87 shares
IPO Issue Details
Issue Price / Price Band₹172 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size87 Shares per Lot
Total Issue Size2,86,55,813 shares (aggregating up to ₹492.88 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 13 Sep 2024
Subscription CloseThu, 19 Sep 2024
Anchor AllotmentThu, 12 Sep 2024
Basis of AllotmentFri, 20 Sep 2024
Initiation of RefundsMon, 23 Sep 2024
Credit of Shares to DematMon, 23 Sep 2024
Listing DateTue, 24 Sep 2024
UPI Mandate Deadline2024-09-19
Application & Investment Details
Retail — Min (1 Lots)₹14,964 — 87 shares
Retail — Max (13 Lots)₹194,532 (13 Lots)
HNI — Min (14 Lots)₹2,09,496 — 1,218 shares
EPS (Pre-IPO)₹10.21
EPS (Post-IPO)₹7.88
P/E Ratio (Pre-IPO)16.85x
P/E Ratio (Post-IPO)21.83x
Pre-IPO Promoter Holding7,86,99,400 shares
Post-IPO Promoter Holding10,19,55,213 shares
Fresh Issue Shares2,32,55,813 shares (aggregating up to ₹400.00 Cr)
Offer for Sale Shares54,00,000 shares of ₹5 (aggregating up to ₹92.88 Cr)
About Western Carriers (India) Ltd.

Incorporated in March 2011, Western Carriers (India) Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company. The company offers fully customizable, multi-modal logistics solutions encompassing road, rail, water, and air transportation and a tailored range of value-added services.The company offers sectors such as metals, fast-moving consumer goods (“FMCG”), pharmaceuticals, chemicals, engineering, oil and gas and retail. The company's clientele includes Tata Steel Limited (“Tata Steel”), Hindalco Industries Limited (“Hindalco”), Jindal Stainless Limited (“JSL”), JSW Steel Coated Products Limited (“JSW”), Bharat Aluminium Company Limited(“BALCO”)and Vedanta Limited(“Vedanta”), Hindustan Unilever Limited (“HUL”), Hindustan Coca Cola Beverages Private Limited (“Coca Cola India”), Tata Consumer Products Limited (“Tata Consumer”), Gujarat Tea Processors and Packers Limited (“Wagh Bakri”) and CG Foods India Private Limited (“CG Foods”), Cipla Limited (“Cipla”), Materials Chemicals and Performance Intermediaries Private Limited (“MCPI”) (formerly, MCC PTA India Corp. Private Limited, a subsidiary of Mitsubishi Chemical Corporation), Haldia Petrochemicals Limited (“Haldia”) and Gujarat Heavy Chemicals Limited(“GHCL”)Oil and Gas Brahmaputra Cracker and Polymer Limited(“BCPL”)Utilities and others*Sheela Foam Limited(“Sleepwell”)and DHL Logistics Private Limited.The company provides chartering services to overseas destinations, stevedoring services at Indian ports, and coastal movement of cargo within India. They specialize in combining rail with road movements through an asset-light business model. The company manages and handles the supply chain for increased imports, exports, and production levels for a leading metals and resource group company.As of December 31, 2022, the company served a d over 1,100 customers.As of December 31, 2022, the company had 1,350 employees in various departments.

Objects of the Issue

Western Carriers (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
2
Funding of capital expenditure requirements of our Company towards purchase of: commercial vehicles; 40 feet specialised containers and 20 feet normal shipping containers; and reach stackers; and
3
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 7,86,99,400 shares
Post-IPO Promoter Holding 10,19,55,213 shares
Lock-in Period (30%)October 19, 2024
Lock-in Period (50%)December 18, 2024
Check AllotmentCheck Status →
Western Carriers (India) Ltd. — Live Price LIVE
₹172.00
INR · BSE
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Issue ₹172.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹172
GMPNIL
Est. Listing₹172
Lot Size87 shares
Min Amount₹29,928
Listing Date24 Sep 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹172
Listing Date24 Sep 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 28,655,813 100.00% ₹492.88 Cr
* Based on ₹172.00 (upper price band)
Lot Size & Investment Details
Lot Size
87
Shares
Issue Price
₹172.00
Per Share
Min Investment
₹14,964
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 87 ₹14,964
Retail (Max) 13 1,131 ₹194,532
sNII (Min) 14 1,218 ₹209,496
bNII (Min) 68 5,916 ₹1,017,552
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 1691.41 1637.84 1475.79
EBITDA N/A N/A N/A
Profit After Tax (PAT) 80.35 71.57 61.13
Net Worth 398.36 318.61 257.58
Total Assets 754.01 604.14 490.33
Reserves & Surplus 359.01 279.08 157.12
Total Borrowings 266.00 210.47 150.40
Key Ratios & Valuation
Issue Price ₹172
Face Value ₹5 Per Share
P/BV 3.40
RoE 22.41%
RoCE 29.23%
RoNW 20.17%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 0.67
Company Details
Company
Western Carriers (India) Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
2/6 Sarat Bose Road 2nd Floor, Kolkata-700020 Kolkata, West Bengal
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