Western Carriers (India) Limited IPO

Mainboard

Logistics Solution Provider

Listed On: Sep 24, 2024 at ₹ 171.0(NSE)

₹ 14964 /87 Shares

Check Allotment

Price Summary

Last Closing

117.90 (-31.45%)

52 Week High

177.00

52 Week Low

116.20

Last Update

21-Nov-2024 3:30 PM

Western Carriers (India) IPO Details

13 Sep, 2024

Open Date

19 Sep, 2024

Close Date

20 Sep, 2024

Allotment Date

24 Sep, 2024

Listing Date

Issue Price

₹163-172 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

171.0(NSE)

Listing Date

2024-09-24

Market Lot

Retail : 87 Shares (₹14,964/-)
S-HNI : 1,218 Shares (₹2,09,496/-)
B-HNI : 5,829 Shares (₹10,02,588/-)

Lead Manager

Jm Financial Limited
Kotak Mahindra Capital Company Limited

Issue Size

Total ₹492.88 Cr :
#Fresh Issue : 23,255,813 shares(aggregating up to ₹400.00 Cr) +
#OFS : 5,400,000 shares of ₹5(aggregating up to ₹92.88 Cr)

Retail Portion

35% (Number of Retail Applications: 1,15,282 Approx),
(Number of S-HNI Applications : 1,176 Approx),
(Number of B-HNI Applications : 2,353 Approx)

Subscription

30.28 times

IPO Docs

DRHP RHP ANCHOR

Western Carriers (India) IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	5,731,163	4,298,372 2,865,581 1,432,791	10,029,535	20,059,070
Day 1 - 13-09-24 05:00 PM	0.00 x	0.38 0.25 x 0.62 x	1.40 x	0.78 x
Day 2 - 16-09-24 05:00 PM	0.03 x	5.35 4.23 x 7.57 x	7.31 x	4.83 x
Day 3 - 17-09-24 05:00 PM	0.09 x	12.74 10.22 x 17.80 x	13.27 x	9.43 x
Day 4 - 18-09-24 05:00 PM	0.14 x	20.93 17.22 x 28.35 x	18.61 x	13.89 x
Day 5 - 19-09-24 05:00 PM	27.99 x	44.58 39.86 x 54.00 x	25.43 x	30.28 x

Total No. of Applications: 28,59,078 (Approx)

Retail Subscription on the basis of Applications: Retail:24.67x BHNI:8.40x SHNI:53.0x times

Western Carriers (India) Valuations

EPS Pre IPO

₹10.21/-

EPS Post IPO

₹7.88/-

P/E Pre IPO

16.85

P/E Post IPO

21.83

RoNW

20.17%

Western Carriers (India) Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	754.01	604.14	490.33
Revenue	1,691.4180.35	1,637.84	1,475.79

About The Company

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

Western Carriers (India) - Strength and Weakness

Strength

The company’s expertise in providing end-to-end logistics and bespoke solutions to customers provides it with a significant competitive advantage.

Given the execution capabilities and ability to provide one-stop/single-window, end-to-end and integrated customised logistics solutions in a market with inherent entry barriers, Western Carriers are strategically positioned to benefit from certain favourable trends and initiatives in the Indian logistics industry.

Weakness

Western Carriers may be unable to sustain the pace of its past growth in future financial periods. Further, its business and the results of operations may be adversely affected if it is unable to successfully implement our business plans and growth strategies.

Western Carriers (India) - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Western Carriers (India)	3.40	21.8	20.17%	1,691
Container Corporation of India	4.85	45.2	10.9%	8,834
Mahindra Logistics	6.92	N/A	(-10.4)%	5,633
TCI Express	6.22	35.8	20.2%	1,242

Western Carriers (India) - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Rajendra Sethia
Kanishka Sethia

Western Carriers (India) IPO - Issue Objectives

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; andreach stackers
General corporate purposes

Western Carriers (India) IPO - Anchor Investors

Western Carriers IPO: Firm garners ₹148 crore from anchor investors.

Aditya Birla Sun Life Insurance Company, Kotak Mahindra Life Insurance Company, Motilal Oswal Mutual Fund (MF), Kotak MF, Aditya Birla Sun Life MF, Nippon India MF, BNP Paribas, Societe Generale and Citigroup Global Markets Mauritius are among the anchor investors.

Other Details

Company Contact Details

Western Carriers (India)

2/6 Sarat Bose Road, 2nd Floor, Kolkata-700020

Phone: +91 33 2485 8519

Email: investors@westcong.com

Website: https://western-carriers.com/

Registrar Contact Details

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

Western Carriers (India) IPO - FAQs

Ans. Western Carriers (India) Limited IPO is a Mainboard IPO. The issue is priced at ₹163-172 per equity share. The minimum order quantity is 87 Shares. The IPO opens on Sep 13, 2024, and closes on Sep 19, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Western Carriers (India) Limited IPO opens on Sep 13, 2024 and closes on Sep 19, 2024.

Ans. The size of Western Carriers (India) Limited IPO is Total ₹492.88 Cr : #Fresh Issue : 23,255,813 shares(aggregating up to ₹400.00 Cr) + #OFS : 5,400,000 shares of ₹5(aggregating up to ₹92.88 Cr).

Ans. The IPO price band is set between ₹163-172 per equity share.

Ans. To apply for Western Carriers (India) Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Western Carriers (India) Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Western Carriers (India) Limited IPO is Sep 20, 2024.

Ans. The Western Carriers (India) Limited IPO will be listed on Sep 24, 2024.

Ans. Follow the steps to check the allotment status for Western Carriers (India) Limited IPO here.