Western Carriers IPO Date, Review, Price, Allotment Details

Western Carriers (India) IPO open date is September 13 and the IPO will close on September 19. Western Carriers (India) IPO is a Book Built Issue. The company to raise around ₹492.88 crores via IPO that comprises fresh issue of ₹400 crores and offer for sale up to 5,400,000 equity shares with face value of ₹5 each.

Western Carriers (India) IPO price band is ₹163 to ₹172 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Western Carriers (India) IPO to list on BSE, NSE on September 23. The allotment of Western Carriers (India) IPO date is September 19.

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. As per the financials the IPO investors should apply the IPO for a long term.

Western Carriers (India) IPO

Western Carriers IPO Details

IPO Open Date:September 13, 2024
IPO Close DateSeptember 19, 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.

ApplicationLot SizeSharesAmount
Retail Minimum187₹14,964
Retail Maximum131,131₹194,532
S-HNI Minimum141,218₹209,496
B-HNI Minimum675,829₹10,02,588

Western Carriers IPO Dates

The Western Carriers (India) IPO date is September 13 and the close date is September 19. The Western Carriers (India) IPO allotment will be finalized on September 20 and the IPO listing on September 24.

IPO Open Date:September 13, 2024
IPO Close Date:September 19, 2024
Basis of Allotment:September 20, 2024
Refunds:September 23, 2024
Credit to Demat Account:September 23, 2024
IPO Listing Date:September 24, 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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Container Corporation of India Limited17.2738.699.69178.187652.73 Cr.
Mahindra Logistics Limited5.1670.845.8582.184083.03 Cr.
TCI Express Limited33.4846.4624.03139.291081.47 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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  • 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/

Western Carriers IPO FAQs

What is Western Carriers IPO?

Western Carriers IPO is a main-board IPO. The company is going to raise ₹492.88 Crores via IPO. The issue is priced at ₹163 to ₹172 pr equity share. The IPO is to be listed on BSE & NSE.

When Western Carriers IPO will open for subscription?

The IPO is to open on September 13 for QIB, NII, and Retail Investors. The IPO will close on September 19.

What is Western Carriers IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Western Carriers IPO?

You can apply for Western Carriers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Western Carriers IPO Issue Size?

Western Carriers IPO issue size is ₹492.88 crores.

What is Western Carriers IPO Price Band?

Western Carriers IPO Price Band is ₹163 to ₹172.

What is Western Carriers IPO Lot Size?

The minimum bid is 87 Shares with ₹14,964 amount.

What is the Western Carriers IPO Allotment Date?

Western Carriers IPO allotment date is September 20, 2024.

What is the Western Carriers IPO Listing Date?

Western Carriers IPO listing date is September 24, 2024. The IPO is to list on BSE and NSE.

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).
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