Western Carriers (India) IPO (Western Carriers (India) Limited IPO)
Western Carriers (India) IPO open for bidding on 13th September 2024 and ends on 19th September 2024.
Western Carriers (India) Limited, established in 2011, is a leading logistics company offering multi-modal solutions across road, rail, sea, and air transportation. The company focuses on asset-light operations while providing end-to-end logistics solutions for both domestic and international clients.
The company has built long-standing relationships with major clients in sectors such as metals, FMCG, pharmaceuticals, and oil and gas, handling 6% of the domestic market and 2% of the EXIM market based on container volumes in Fiscal 2023.
Western Carriers operates a customized supply chain, including value-added services like warehouse management, cargo handling, and customs clearance, catering to the unique needs of its clients across industries. The company’s commitment to on-time delivery and technological integration helps it maintain its competitive edge in a fragmented market.
For more details refer to Western Carriers (India) IPO RHP and Western Carriers (India) IPO Pulse Score
Western Carriers (India) IPO Details
| IPO Date | 13th September 2024 to 19th September 2024 |
| Listing Date | 24th September 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹163 to ₹172 per share |
| Lot Size | 87 Shares |
| Total Issue Size | 2,94,65,210 shares (aggregating up to ₹492.88 Cr) |
| Fresh Issue | 2,40,65,210 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 54,00,000 shares of ₹5 (aggregating up to ₹92.88 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 85,96,743(29.2%) |
| QIB | 58,98,528(20%) |
| NII | 44,90,982(15.2%) |
| bNII | 29,93,988(10.1%) |
| sNII | 14,96,994(5.1%) |
| Retail | 1,04,78,957(35.6%) |
| Total | 2,94,65,210(100%) |
Western Carriers (India) IPO Timeline
| IPO Open | 13th September 2024 |
| IPO Close | 19th September 2024 |
| Basis Of Allotment | 20th September 2024 |
| Initiation of Refunds | 23th September 2024 |
| Credit of Shares to Demat | 23th September 2024 |
| Listing Date | 24th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹1753.63 Cr | P/E Ratio- Pre IPO | 16.85 |
| RoNW | 20.17% | P/E Ratio- Post IPO | 21.83 |
| RoCE | 29.23% | P/B Ratio | 3.4 |
| Debt to Equity | 0.67 | PAT Margin% | 4.77 |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Western Carriers (India) IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of 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 and 20 feet normal shipping containers; and (iii) reach stackers; and
- General corporate purposes.
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