UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Sep 13 - Sep 19, 2024 |
Offer Price | ₹ 163-172 |
Lot Size | 87 |
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Western Carriers (India) Limited IPO
Mainboard LiveOffer Date: Sep 13, 2024 - Sep 19, 2024
Exp. Premium: 49-50 (28.49%)
₹ 14964 /87 Shares
Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Western Carriers IPO Closing date has been revised to 19th Sep,2024 due to Bank Holiday on 18th Sep, 2024
Western Carriers (India) IPO Live Subscription Details
Date
:18 Sep 2024,05:00:00 PM
QIBs
:0.14
NII
:NII (bids above ₹10L): 17.22x
NII (bids below ₹10L): 28.35x
NII Total: 20.93
NII (bids below ₹10L): 28.35x
NII Total: 20.93
Retail
:18.61x
Total
:13.89 times
Western Carriers (India) IPO Details
13 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateIssue Price
₹163-172 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket 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 LimitedKotak 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
13.89 timesWestern 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 |
Total No. of Applications: 21,58,470 (Approx)
Western Carriers (India) Valuations
EPS Pre IPO
₹10.21/-EPS Post IPO
₹7.88/-P/E Pre IPO
16.85P/E Post IPO
21.83RoNW
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
Read MoreWestern 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.
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-700020Registrar 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.
