The Western Carriers (India) IPO is scheduled to open on September 13 and close on September 18. This IPO is a Book Built Issue through which the company aims to raise approximately ₹492.88 crores. The offering includes a fresh issue of shares worth ₹400 crores and an offer for sale of up to 5,400,000 equity shares, each with a face value of ₹5.
The price band for the Western Carriers (India) IPO is set between ₹163 and ₹172 per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) is 50%, and for High Net-worth Individuals (HNI) is 15%. The shares are expected to be listed on both BSE and NSE on September 23, with the allotment date set for September 19.
Financially, the company reported a revenue of ₹1,691.41 crores in 2024, up from ₹1,637.84 crores in 2023. The profit also rose to ₹80.35 crores in 2024, compared to ₹71.57 crores in 2023. Given these financial indicators, investors may consider subscribing to the IPO for long-term growth prospects.In terms of financial performance, the company reported a revenue of ₹1,475.79 crores in 2022, up from ₹1,113.9 crores in 2021. Net profit also saw an increase, reaching ₹61.13 crores in 2022 compared to ₹44.53 crores in 2021. Given the company’s steady growth, investors may consider this IPO for a long-term investment.
Western Carriers IPO Objectives:
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; and
- reach stackers; and
- General corporate purposes
Western Carriers IPO Review (Apply or Not)
- Update soon
Western Carriers IPO Date & Price Band 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 Lot Size:
The minimum market lot for the Western Carriers (India) IPO is 87 shares, requiring an application amount of ₹14,964. Retail investors have the option to apply for up to 13 lots, which equates to 1,131 shares or an investment of ₹194,532.
| 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 Timeline:
The Western Carriers (India) IPO will open on September 13 and close on September 18. The allotment of shares will be finalized on September 19, and the IPO is scheduled to be listed on the stock exchanges 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 |
Western Carriers IPO GMP Today:
Update soon
Promoters of Western Carriers (India) IPO
The company is promoted by Rajendra Sethia and Kanishka Sethia.
About Western Carriers (India) Limited
Western Carriers (India) Limited is the largest private multimodal, rail-focused, 4PL asset-light logistics provider in India. With a network of over 50 branches nationwide, the company operates on a scalable, asset-light model. Their range of services includes single-window logistics, multimodal transportation, rail and road transport, cargo handling, customs house agency, ocean and air freight, and warehousing. Western Carriers is committed to delivering integrated and customized supply chain solutions, ensuring a seamless experience for its clients. Their focus on customer-centric service, operational efficiency, and timely deliveries has established them as a trusted partner for many clients.
Western Carriers IPO Company Financial Report
The company reported revenue of ₹1,475.79 crores in 2022 against ₹1,113.9 crores in 2021. The company reported a profit of ₹61.13 crores in 2022 against a profit of ₹44.53 crores in 2021.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹1113.90 | ₹1053.88 | ₹44.53 | ₹425.22 |
| 2022 | ₹1475.79 | ₹1392.43 | ₹61.13 | ₹490.33 |
| Dec 2022 | ₹1210.61 | ₹1136.64 | ₹55.09 | ₹572.14 |
Western Carriers IPO Valuation – FY2022
Check Western Carriers (India) IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 26.92% |
| ROCE: | 33.40% |
| EBITDA Margin: | 7.40% |
| PAT Margin: | 4.16% |
| Debt to equity ratio: | 0.58 |
| Earning Per Share (EPS): | ₹7.77 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.73% |
| Net Asset Value (NAV): | ₹32.73 |
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. |
Western Carriers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: westerncarriers.ipo@linkintime.co.in
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: investors@westcong.com
Website: https://western-carriers.com/
Western Carriers IPO FAQs
What are the IPO dates for Western Carriers (India)?
The Western Carriers (India) IPO will open on September 13, 2024, and close on September 18, 2024.
What is the price band for the Western Carriers (India) IPO?
The price band for the Western Carriers (India) IPO is set at ₹[.] per share.
What is the lot size for applying to the Western Carriers (India) IPO?
The minimum lot size for the Western Carriers (India) IPO is [.] shares. Retail investors can apply for a maximum of 13 lots.
What is the total issue size of the Western Carriers (India) IPO?
The IPO aims to raise around ₹[.] crores, which includes a fresh issue of ₹400 crores and an offer for sale of up to 5,400,000 equity shares.
What are the allotment and listing dates for the Western Carriers (India) IPO?
The share allotment for the Western Carriers (India) IPO will be finalized on September 19, 2024, and the shares are expected to be listed on the BSE and NSE on September 23, 2024.
Who are the promoters of Western Carriers (India) Limited?
The promoters of Western Carriers (India) Limited are Rajendra Sethia and Kanishka Sethia.
What is the shareholding pattern of the company before and after the IPO?
The shareholding pattern will be provided in the RHP (Red Herring Prospectus). Generally, it shows the promoter and public shareholding before and after the IPO.
