Western Carriers (India) Ltd
Price Range
₹163 - ₹172
Min. Quantity
87
Closes on
19 September 2024
Min. investment
₹14,964/1,131 Shares
Western Carriers (India) Ltd IPO Timeline
Western Carriers (India) Limited was incorporated as Western Carriers (India) Private Limited' in Kolkata, West Bengal dated March 23, 2011. Subsequently, Company converted into a Public Limited and the name of the Company was changed to Western Carriers (India) Limited', through a fresh Certificate of Incorporation dated February 28, 2013 issued by the RoC, to Company. The Company is a player in the Indian logistics industry and is engaged in providing single, multimodal and other transportation services, warehousing and other ancillary services.
| Event | Date |
|---|---|
| Western Carriers (India) Ltd IPO Opening Date | 13 September 2024 |
| Western Carriers (India) Ltd IPO Closing Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refunds | 23 September 2024 |
| Credit of Shares to Demat | 23 September 2024 |
| Western Carriers (India) Ltd IPO Listing Date | 24 September 2024 |
Western Carriers (India) Ltd IPO Details
| Western Carriers (India) Ltd IPO Date | 13 September 2024 to 19 September 2024 |
| Western Carriers (India) Ltd IPO Face Value | ₹5 per share |
| Western Carriers (India) Ltd IPO Price | ₹163 to ₹172 per share |
| Western Carriers (India) Ltd IPO Lot Size | 87 |
| Issue Size | Shares of ₹5 (aggregating up to ₹492.88 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹400 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹92.88 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 58,98,528 of the Net Offer |
| Retail Shares Offered | Not less than 1,04,78,957 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 44,90,982 of the Net Offer |
| Company Promoters | Rajendra Sethia, Kanishka Sethia |
Western Carriers (India) Ltd IPO Lot Size
The Western Carriers (India) Ltd IPO lot size is 87 shares. A retail-individual investor can apply for up to 13 lots (1,131 shares or ₹1,94,532).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 87 | ₹14,964 |
| Maximum | 13 | 1,131 | ₹1,94,532 |
- Strengths
- Risks
- Opportunities
- Experience in delivering customised, end-to-end services and executing complex and customised projects.
- Comprehensive and integrated multi-modal, end-to-end logistics solutions.
- Strong customer relationships with a diverse customer base.
- Strategically positioned to capitalise on a fast-growing logistics market in India.
- Scaled, asset-light business model with successful track record of delivering growth and profitability and experience of its Promoters and the Company.
Company Financials
Western Carriers (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 754.07 | 1,691.51 | 80.33 |
| 03-2023 | 595.67 | 1,637.83 | 71.55 |
| 03-2022 | 484.91 | 1,475.79 | 61.12 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company
- Funding of capital expenditure requirements of the company towards purchase of (I) commercial vehicles (ii) 40 feet specialised containers & 20 feet normal shipping container and (iii) reach stackers
- General corporate purposes
Western Carriers (India) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | - |
Western Carriers (India) Ltd IPO Subscription Status (Bidding Detail)
The Western Carriers (India) Ltd IPO is subscribed 30.57 times on 19 September 2024 05:00:00 PM. The public issue subscribed 25.95 times in the retail category, 27.99 times in the QIB category, and 44.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 27.99 | 44.71 | 25.95 | - | 30.57 |
Western Carriers (India) Ltd IPO Prospectus
Western Carriers (India) Ltd IPO Listing Date
| Listing Date | 24 September 2024 |
| BSE Script | 544258 |
| NSE Symbol | WCIL |
| Listing In | BSE, NSE |
| ISIN | INE0CJF01024 |
| IPO Price | ₹172 |
| Face Value | ₹5 |
Company Contact Information
# 2/6 Sarat Bose Road2nd Floor,Kolkata-700020
Phone: +91 33 2485 8519
Email: investors@westcong.com
Website: www.western-carriers.com
Western Carriers (India) Ltd IPO Registrar
Western Carriers (India) Ltd IPO Lead Manager(s)
- JM Financial Ltd
- Kotak Mahindra Capital Company Ltd
FAQ
What is the issue size of Western Carriers (India) Ltd IPO?
I have pre-applied for Western Carriers (India) Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.