Western Carriers (India) Limited is opening its IPO on September 13, 2024, and closing on September 18, 2024. The IPO aims to raise approximately ₹492.88 crores through a Book Built Issue. This consists of a fresh issue of ₹400 crores and an offer for sale of up to 5,400,000 equity shares with a face value of ₹5 each.
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: 35%
- QIB Quota: 50%
- NII Quota: 15%
IPO Subscription Status
Track the live Western Carriers IPO Subscription Status for updates on the shares subscribed by QIB, NII, and retail investors.
Western Carriers IPO Market Lot
The minimum market lot for the Western Carriers (India) IPO is 87 shares, amounting to ₹14,964 per application. Retail investors can apply for up to 13 lots, which totals 1,131 shares or ₹194,532. Below is a table summarizing the market lot sizes:
| Application Type | 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
- 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) Limited
Western Carriers (India) Limited is India’s largest private, multimodal, rail-focused, 4PL asset-light logistics provider. With over 50 branches across India, the company offers 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. Its asset-light, scalable model and commitment to customer-centric service have made it a preferred logistics partner for many businesses.
Western Carriers IPO Financial Performance
The financial report highlights the company’s growth:
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 2022 | 1,475.79 | 1,392.43 | 61.13 | 490.33 |
| 2023 | 1,637.84 | 1,541.79 | 71.57 | 604.14 |
| 2024 | 1,691.41 | 1,583.13 | 80.35 | 754.01 |
Western Carriers IPO Valuation – FY2024
Key financial metrics for valuation include:
- Return on Equity (ROE): 22.41%
- Return on Capital Employed (ROCE): 29.23%
- EBITDA Margin: 9.01%
- PAT Margin: 4.77%
- Debt to Equity Ratio: 0.67
- Earnings Per Share (EPS): ₹10.21
- Net Asset Value (NAV): ₹50.62
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ in Crores) |
|---|---|---|---|---|---|
| Container Corporation of India Ltd. | 17.27 | 38.69 | 9.69 | 178.18 | 7,652.73 |
| Mahindra Logistics Ltd. | 5.16 | 70.84 | 5.85 | 82.18 | 4,083.03 |
| TCI Express Ltd. | 33.48 | 46.46 | 24.03 | 139.29 | 1,081.47 |
Objects of the Issue
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings.
- Funding capital expenditure for purchasing commercial vehicles, specialized containers, and reach stackers.
Western Carriers IPO Review
According to market analysts, Western Carriers IPO is a good option for long-term investment due to its strong financial performance and growth prospects.
IPO Grey Market Premium (GMP)
Stay updated on the Western Carriers IPO GMP. The grey market premium has started at ₹30 as of today.
Western Carriers IPO Allotment Details
The allotment will be finalized on September 19, 2024. To check the Western Carriers IPO Allotment Status, stay tuned.
Western Carriers IPO Registrar and Lead Managers
- Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: westerncarriers.ipo@linkintime.co.in
- Registrar Website
- Lead Managers: JM Financial Limited, Kotak Mahindra Capital Company Limited
Conclusion
Western Carriers IPO offers a promising opportunity for investors, supported by strong financials, a scalable business model, and a robust growth trajectory. Interested investors can apply for the IPO via their bank’s ASBA service or UPI through their stock broker.
FAQs About Western Carriers IPO
- What is Western Carriers IPO?
It is a main-board IPO to raise ₹492.88 crores, listed on BSE and NSE. - When is the Western Carriers IPO Listing Date?
The listing date is September 23, 2024. More details can be found on our IPO Listing Page.
