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Western Carriers ( India ) IPO – GMP, Price

Western carriers India IPO

Western Carriers (India) Limited, founded in March 2011, is a logistics company that focuses on rail transport but uses multiple modes like road, water and air. Western Carriers specializes in logistics, warehousing, and transportation services

Issuance Period :

EventDate
IPO Subscription OpensSeptember 13, 2024
IPO Subscription ClosesSeptember 18, 2024
Allotment Finalization DateSeptember 19, 2024 (Thursday)
Tentative Listing DateSeptember 23, 2024 (Monday)
Stock Exchange ListingBSE, NSE

IPO Size :

Total amount to be raised Rs 492.88 Crores.

GMP ( Grey /market Premium )

DateCurrent GMP (₹)Percentage (%)
September, 16 2024
September , 2024
September , 2024
September , 2024
September , 2024

Lot Size :

Application TypeLotsSharesAmount
Retail (Min)187₹14,964
Retail (Max)131,131₹194,532
S-HNI (Min)141,218₹209,496
S-HNI (Max)665,742₹987,624
B-HNI (Min)675,829₹1,002,588

Western Carriers ( India ) IPO Details :

AttributeDetails
Company NameWestern Carriers (India) Limited IPO
Incorporation DateMarch 2011
Registrar to the Offer
Face Value₹5 per share
Price Band₹163 to ₹172 per share
Lot Size87 Shares
Total Issue Size28,655,813 shares
Fresh Issue23,255,813 shares
Offer for Sale5,400,000 shares
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue78,699,400 shares
Shareholding Post-Issue101,955,213 shares

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Objectives of the Issue :

Western Carriers ( India ) IPO Financial Information :

Financial Metric31 Mar 202431 Mar 202331 Mar 2022
Assets₹754.01 Cr₹604.14 Cr₹490.33 Cr
Revenue₹1,691.41 Cr₹1,637.84 Cr₹1,475.79 Cr
Profit After Tax₹80.35 Cr₹71.57 Cr₹61.13 Cr
Net Worth₹398.36 Cr₹318.61 Cr₹257.58 Cr
Reserves and Surplus₹359.01 Cr₹279.08 Cr₹157.12 Cr
Total Borrowing₹266 Cr₹210.47 Cr₹150.4 Cr

About Company :

Established in March 2011, Western Carriers (India) Limited is a diversified, rail-focused, 4PL property lighting export company. The company provides fully scalable, multi-modal logistics solutions covering road, rail, water, air transport and a range of value-added customized services.

Headquarters:
The companies registered address is 2/6 SARAT BOSE ROAD 2ND FLOOR, KOLKATA WB 700020 IN.

Industry
Transport

Services
The company provides chartering services to overseas destinations, stevedoring services in Indian ports and coastal freight transport within India They specialize in connecting railways to road transport through an asset-small business model. The company manages and manages the supply chain to increase import and export and production for a leading metals resource group company.

Customers
As of December 31, 2022, the Company served 1,100 customers.
some customers as below

SectorCompany
Steel & MetalTata Steel Limited
Hindalco Industries Limited
Jindal Stainless Limited
JSW Steel Coated Products Limited
Bharat Aluminium Company Limited (BALCO)
Vedanta Limited
Consumer GoodsHindustan Unilever Limited (HUL)
Hindustan Coca Cola Beverages Private Limited
Tata Consumer Products Limited
Gujarat Tea Processors and Packers Limited (Wagh Bakri)
CG Foods India Private Limited
PharmaceuticalsCipla Limited
Chemicals & PetrochemicalsMaterials Chemicals and Performance Intermediaries Private Limited (MCPI)
Haldia Petrochemicals Limited
Gujarat Heavy Chemicals Limited (GHCL)
Oil and GasBrahmaputra Cracker and Polymer Limited (BCPL)
Utilities & LogisticsSheela Foam Limited (Sleepwell)
DHL Logistics Private Limited
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