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Western Carriers (India) Ltd

Logistics

Offer Period :

13th to 19th Sep 2024

Western Carriers (India) Ltd. is India's largest private, multi-modal, rail-focused, asset-light logistics company based on container volumes in FY 2022. Read more...The company held a 7% share in the domestic market and 3% in the EXIM market. With five decades of experience, it offers road, rail, ocean/coastal, river, and air logistics services, along with chartering services to overseas destinations and stevedoring at Indian ports. The firm also handles coastal cargo movement within India. Read less

Western Carriers (India) Ltd IPO Details

IPO Date 13th to 19th Sep 2024 Minimum Investment ₹14964 / 1 Lots
Listing Date 2024-09-24 Maximum Investment ₹194532 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹492.88 Crores
Price ₹172 to ₹172 per share Fresh Issue ₹400 Crores
Lot Size 1 Lots (87 Shares) Offer For Sale ₹ 92.88
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 13th to 19th Sep 2024
Listing Date 2024-09-24
Face Value ₹5 per share
Price ₹172 to ₹172 per share
Lot Size 1 Lots (87 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14964 / 1 Lots
Maximum Investment ₹194532 / 13 Lots
Total Issue Size ₹492.88 Crores
Fresh Issue ₹400 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

13th Sep

IPO Starts

19th Sep

IPO Ends

20th Sep

Allotment Date

23rd Sep

Initiation of Refund

23rd Sep

Credit of Shares to Demat Account

24th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 0
Public Group 0.01 0

Western Carriers (India) Ltd IPO Reservation

QIB Shares Offered 5731163(20%)
NII (HNI) Shares Offered 4298372(15%)
Retail Shares Offered 10029535(35%)
Anchor Investor Shares Offered 8596744(30%)
Total Shares Offered 28655814
Total Shares With Anchor Investor 28655814

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Western Carriers (India) Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 81 0811 4949
Email Id westerncarriers.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Western Carriers (India) Ltd IPO Lead Manager

1. JM Financial Ltd

2. Kotak Mahindra Capital Company Ltd

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Western Carriers (India) Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 57,31,163 1,78,785 8,68,708.0
Non Institutional Investors (NIIs) 42,98,372 2,94,33,579 8,68,708.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 28,65,581 1,57,40,997 8,68,708.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 14,32,791 1,36,92,582 8,68,708.0
Retail Individual Investors (RIIs) 1,00,29,535 8,72,49,081 8,68,708.0
Total 2,00,59,070 11,68,61,445 8,68,708.0

Strength of Western Carriers (India) Ltd

1. Experience in delivering customised, end-to-end services and executing complex and customised projects.

2. Comprehensive and integrated multi-modal, end-to-end logistics solutions.

3. Strong customer relationships with a diverse customer base.

4. Strategically positioned to capitalise on a fast-growing logistics market in India.

5. Scaled, asset-light business model with successful track record of delivering growth and profitability and experience of its Promoters and the Company.

Risks Involved

1. The company depends on a limited number of key customers for a majority of its revenues, which exposes the company to a high risk of customer concentration. Particularly, the company depends significantly on customers in the metals and FMCG industries and are highly dependent on the performance of these industries. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.

2. The company operates in the Indian logistics industry and may be adversely affected by certain factors affecting the growth of this industry. Additionally, its business is dependent on the company ability to utilise the logistics infrastructure in an uninterrupted manner. Any disruption or deficiencies in the logistics infrastructure, including those affecting freight and container traffic could impair its operations and adversely affect the company's business and results of operations. Any damage to its brand image or reputation may adversely affect the company's growth.

3. There may be delays or defaults in payment by its customers or the tightening of payment periods by thirdparty service providers which could negatively affect its cash flows. As a result, the company experience significant working capital requirements and its inability to meet the company working capital requirements may materially and adversely affect its business, cash flows and financial condition.

4. The company depends on its network partners, third-party service providers and vendors /suppliers in certain aspects of its operations and unsatisfactory services provided by them or failures to maintain relationships with them could disrupt its operations.

5. The company has a long-standing relationship with an Indian rail container logistics provider, which is currently controlled by the Government. If there is a change in control in this Indian rail container logistics provider, it could adversely affect its relationship with it and its may not be able to enter into arrangements with other third-party service providers at favourable terms and in a timely manner which could materially and adversely affect its business and operations and financial condition.

6. The company is highly dependent on its Promoters, the company Key Managerial Personnel and its Senior Management and any inability on the company part to retain or find suitable replacements for such personnel could adversely affect its business, results of operations and financial condition.

7. There have been past instances of non-compliance under the provisions of the Companies Act. An adjudication order has been issued imposing penalty on the Company and certain of its officers. Any other penalties that may be imposed or other regulatory actions that may be taken in this regard, could adversely impact itsr reputation, business and the company results of operations.

8. There have been past instances of certain delays in form filing under the provisions of the Companies Act. Any proceedings that may be initiated in this regard, or any adverse outcome of such proceedings, including penalties or other regulatory actions, could adversely impact its reputation, business and our results of operations.

9. The objects of the Offer has not been appraised by any bank or financial institution and the company cannot assure you that the objects of the Offer will be achieved within the expected time frame, or at all, and any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.

10. Its Promoter, Chairman and Managing Director, Rajendra Sethia and its Promoter, Whole-time Director and Chief Executive Officer, Kanishka Sethia were directors of a listed company, Western Conglomerate Limited, whose shares were suspended from being traded on the Calcutta Stock Exchange during the term of their directorship in that company.

About Western Carriers India IPO

Western Carriers India Limited, a key player in the Indian logistics sector, is set to launch its IPO. The company's core business revolves around providing end-to-end logistics solutions, including transportation, warehousing, and value-added services across multiple industries. This IPO presents an opportunity for investors to participate in a company that has established itself as a market leader with a strong presence in India. With the funds raised, the company aims to enhance its infrastructure and expand its operational capabilities.

 

The IPO offers an opportunity for both retail and institutional investors to own a stake in a company with a strong track record. Given the rising demand for efficient logistics solutions in India, Western Carriers India Limited is well-positioned to capitalize on the growth prospects in this sector.

 

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2021
Total Assets 754.01 604.14 425.21
Total Liabilities 754.01 604.14 425.21
Total Expenses 1583.13 1541.79 1053.88
Total Revenue 
1691.41 1637.84 1113.9
Profit After Tax 80.35 71.57 44.53
EBITDA 151.82 126.45 84.62
Adjusted EBITDA 0 0 0

Western Carriers (India) Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-24 544258 WCIL
INE0CJF01024
₹172 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹172 ₹172
Open ₹170 ₹171
Low ₹158.5 ₹158.51
High ₹177 ₹177
Low ₹158.5 ₹158.51

Frequently Asked Questions

What is Western Carriers (India) Ltd IPO?

Answer Field

Western Carriers (India) Ltd IPO is a Mainboard IPO of 2,86,55,814 equity shares of a face value of ₹5 aggregating up to ₹492.88 Crores. The issue is priced at ₹172 to ₹172 per share. The minimum order quantity is 87 Shares. The IPO opens on September 13, 2024, and closes on September 19, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Western Carriers (India) Ltd IPO will open?

Answer Field

The Western Carriers (India) Ltd IPO opens on September 13, 2024 and closes on September 19, 2024.

What is the lot size of Western Carriers (India) Ltd?

Answer Field

Western Carriers (India) Ltd lot size is 87 shares, and the minimum amount required is ₹14,964.

How to apply for Western Carriers (India) Ltd IPO?

Answer Field

You can apply in Western Carriers (India) Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Western Carriers (India) Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Western Carriers (India) Ltd IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.

When is Western Carriers (India) Ltd IPO listing date?

Answer Field

The Western Carriers (India) Ltd listing date is September 24, 2024.

Who is the registrar of Western Carriers (India) Ltd IPO?

Answer Field

The registrar of Western Carriers (India) Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Kotak Mahindra Capital Company Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Western Carriers (India) Ltd IPO?

Answer Field

The fresh issue size is ₹400 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Western Carriers (India) Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 87 shares and ₹14,964 amount.

How can I approve the UPI mandate request for Western Carriers (India) Ltd IPO?

Answer Field

To apply for Western Carriers (India) Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Western Carriers (India) Ltd?

Answer Field

The price of each Western Carriers (India) Ltd share will be ranging in between ₹172 to ₹172 per share.

What is the cut-off time for the UPI mandate for Western Carriers (India) Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 19, 2024.

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