Western Carriers IPO Details
| IPO Open Date: | September 13, 2024 |
| IPO Close Date | September 18, 2024 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹163 to ₹172 Per Share |
| Issue Size: | Approx ₹492.88 Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx 5,400,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Western Carriers IPO IPO Market Lot
The Western Carriers (India) IPO minimum market lot is 87 shares with ₹14,964 application amount. The retail investors can apply up-to 13 lots with 1,131 shares or ₹194,532 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 87 | ₹14,964 |
| Retail Maximum | 13 | 1,131 | ₹194,532 |
| S-HNI Minimum | 14 | 1,218 | ₹209,496 |
| B-HNI Minimum | 67 | 5,829 | ₹10,02,588 |
Western Carriers IPO Dates
The Western Carriers (India) IPO date is September 13 and the close date is September 18. The Western Carriers (India) IPO allotment will be finalized on September 19 and the IPO listing on September 23.
| 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 |
Promoters of Western Carriers (India) IPO
The promoters of the company are Rajendra Sethia and Kanishka Sethia.
About Western Carriers (India) IPO
Western Carriers (India) Limited is India’s largest private, multimodal, rail-focused, 4PL asset-light logistics provider. It operates over 50 branches across India. The company runs on a scalable, asset-light model. They provide a variety of services, including single-window logistics, multimodal transportation, rail and road transport, cargo handling, customs house agency, ocean and air freight, and warehousing. They ensure that their clients receive integrated and tailored solutions throughout the supply chain. The company’s dedication to customer-centric service, efficiency, and on-time delivery has made it a preferred partner for many clients.
Western Carriers IPO Company Financial Report
The company reported revenue of ₹1,691.41 crores in 2024 against ₹1,637.84 crore in 2023. The company reported profit of ₹80.35 crores in 2024 against profit of ₹71.57 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,475.79 | ₹1392.43 | ₹61.13 | ₹490.33 |
| 2023 | ₹1,637.84 | ₹1541.79 | ₹71.57 | ₹604.14 |
| 2024 | ₹1,691.41 | ₹1583.13 | ₹80.35 | ₹754.01 |
Western Carriers IPO Valuation – FY2024
Check Western Carriers (India) IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 22.41% |
| ROCE: | 29.23% |
| EBITDA Margin: | 9.01% |
| PAT Margin: | 4.77% |
| Debt to equity ratio: | 0.67 |
| Earning Per Share (EPS): | ₹10.21 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.17% |
| Net Asset Value (NAV): | ₹50.62 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Container Corporation of India Limited | 17.27 | 38.69 | 9.69 | 178.18 | 7652.73 Cr. |
| Mahindra Logistics Limited | 5.16 | 70.84 | 5.85 | 82.18 | 4083.03 Cr. |
| TCI Express Limited | 33.48 | 46.46 | 24.03 | 139.29 | 1081.47 Cr. |
Objects of the Issue
- Prepayment or scheduled repayment 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 specialised containers and 20 feet normal shipping containers; and
- reach stackers; and
Western Carriers IPO Review
- IPO Watch – May Apply
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- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
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- Sharekhan –
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- Sushil Finance –
- Swastika Investmart – May Apply
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- Capital Market –
- BP Wealth –
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- Choice Broking –
Western Carriers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Jm Financial Limited
- Kotak Mahindra Capital Company Limited
Company Address
Western Carriers (India) IPO Limited
2/6 Sarat Bose Road
2nd Floor,
Kolkata-700020
Phone: +91 33 2485 8519
Email: [email protected]
Website: https://western-carriers.com/
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Note: The Western Carriers IPO price band and date are officially announced. The (Western Carriers IPO grey market premium) will be added to the IPO GMP page as it will start).
