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Western Carriers (India) IPO Date, Review, Price, Allotment Details
Western Carriers (India) IPO is opening for subscription on September 13, 2024, and closing on September 18, 2024. This Main-board IPO aims to raise ₹492.88 Crores, with a consists of ₹400.00 Crores fresh issue and ₹92.88 Crores offer for sale of 5,400,000 equity shares, each with a face value of ₹10. The price band for the Western Carriers (India) IPO is fixed at ₹163 – ₹172 Per Share, with a market lot of 87 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Western Carriers (India) IPO Allotment will done on September 19, 2024, and Western Carriers (India) IPO listing date is September 23, 2024.
Western Carriers (India) Company Profile
Established in March 2011, Western Carriers (India) Limited is a multimodal, rail-focused 4PL asset-light logistics company. With over five decades of combined experience, the company provides end-to-end logistics solutions for domestic and EXIM cargo via road, rail, and sea. Offering customized 3PL and 4PL services, they handle inventory planning, freight management, customs clearance, and more.
Key Clients & Awards
Western Carriers serves major clients like Tata Steel, Hindalco, and BALCO, earning recognition for excellence and punctuality. Notable awards include Tata Steel’s “Support for New Trials” (2021) and Hindalco’s “Recognition Award” (2022).
IPO Strengths
- Expertise in delivering complex, integrated logistics solutions.
- Strong customer relationships with a diverse client base.
- Scalable, asset-light business model with a proven growth record.
Western Carriers (India) IPO GMP
| Company Name | Type Status | IPO Price | GMP(₹ %) | IPO Size (Crore) | IPO Open Date | IPO Close Date |
|---|---|---|---|---|---|---|
| Spinaroo Commercial | SME IPO Closed | 51 | 0 (0%) | ₹10.17 Cr | 28-Mar | 3-Apr |
| Infonative Solutions | SME IPO Closed | 79 | 0 (0%) | ₹24.71 Cr | 28-Mar | 3-Apr |
| Aten Papers & Foam | SME IPO Closed | 0 (0.0%) | ₹31.68 Cr | 28-Mar | 2-Apr | |
| Retaggio Industries | SME IPO Closed | 25 | 0 (0%) | ₹15.50 Cr | 27-Mar | 2-Apr |
| Identixweb | SME IPO Closed | 54 | 0 (0%) | ₹16.63 Cr | 26-Mar | 28-Mar |
| Shri Ahimsa Naturals | SME IPO Closed | 118 | 12 (10.17%) | ₹73.81 Cr | 25-Mar | 27-Mar |
| ATC Energies | SME IPO Closed | 119 | 21 (17.65%) | ₹63.76 Cr | 25-Mar | 27-Mar |
| Desco Infratech | SME IPO Closed | 150 | 18 (12%) | ₹30.75 Cr | 24-Mar | 26-Mar |
| Active Infrastructures | SME IPO Closed | 181 | 0 (0%) | ₹77.83 Cr | 21-Mar | 25-Mar |
| Rapid Fleet | SME IPO Closed | 192 | 0 (0%) | ₹43.87 Cr | 21-Mar | 25-Mar |
| Grand Continent Hotels | Main IPO Closed | 133 | 0 (0%) | ₹74.46 Cr | 20-Mar | 24-Mar |
| Divine Hira Jewellers | SME IPO Listed @90.00 (0%) | 90 | 15 (16.67%) | ₹31.84 Cr | 17-Mar | 19-Mar |
| Paradeep Parivahan | SME IPO Listed @78.40 (-20%) | 98 | 0 (0%) | ₹44.86 Cr | 17-Mar | 19-Mar |
| Super Iron Foundry | SME IPO Listed @107.95 (-0.05%) | 108 | 15 (13.89%) | ₹68.05 Cr | 11-Mar | 13-Mar |
| PDP Shipping & Projects | SME IPO Listed @108.25 (-19.81%) | 135 | 0 (0%) | ₹12.65 Cr | 10-Mar | 12-Mar |
| NAPS Global India | SME IPO Listed @108.00 (20%) | 90 | 0 (0%) | ₹50.11 Cr | 4-Mar | 6-Mar |
| Balaji Phosphates | SME IPO Listed @75.00 (7.14%) | 70 | 0 (0%) | ₹50.11 Cr | 28-Feb | 4-Mar |
| Shreenath Paper | SME IPO Listed @35.20 (-20%) | 44 | 3 (6.82%) | ₹23.36 Cr | 25-Feb | 28-Feb |
| Nukleus Office Solutions | SME IPO Listed @187.20 (-20%) | 234 | 0 (0%) | ₹31.70 Cr | 24-Feb | 27-Feb |
| Beezaasan Explotech | SME IPO Listed @146.00 (-16.57%) | 175 | 1 (0.57%) | ₹59.93 Cr | 21-Feb | 25-Feb |
| Swasth Foodtech | SME IPO Listed @94.00 (0%) | 94 | 0 (0%) | ₹14.92 Cr | 20-Feb | 24-Feb |
| HP Telecom India | SME IPO Listed @115.05 (6.53%) | 108 | 0 (0%) | ₹34.23 Cr | 20-Feb | 24-Feb |
| Royalarc Electrodes | SME IPO Listed @ 120.00 (0%) | 120 | 0 (0%) | ₹36.00 Cr | 14-Feb | 18-Feb |
| Tejas Cargo | SME IPO Listed @ 175.00 (4.17%) | 168 | 0 (0%) | ₹105.84 Cr | 14-Feb | 18-Feb |
| Quality Power | Main IPO Listed @ 430.00 (1.18%) | 425 | 5 (1.18%) | ₹858.70 Cr | 14-Feb | 18-Feb |
| L.K. Mehta Polymers | SME IPO Listed @ 71.10 (0.14%) | 71 | 5 (7.04%) | ₹7.38 Cr | 13-Feb | 17-Feb |
| Shanmuga Hospital | SME IPO Listed @ 54.00 (0%) | 54 | 3 (5.56%) | ₹20.62 Cr | 13-Feb | 17-Feb |
| Maxvolt Energy | SME IPO Listed @ 180.00 (0%) | 180 | 0 (0%) | ₹54.00 Cr | 12-Feb | 14-Feb |
| Voler Car | SME IPO Listed @ 90.00 (0%) | 90 | 5 (5.56%) | ₹27.00 Cr | 12-Feb | 14-Feb |
| Hexaware Technologies | Main IPO Listed @ 745.50 (5.3%) | 708 | 0 (0%) | ₹8750.00 Cr | 12-Feb | 14-Feb |
| PS Raj Steels | SME IPO Listed @ 145.00 (3.57%) | 140 | 3 (2.14%) | ₹28.28 Cr | 12-Feb | 14-Feb |
| Chandan Healthcare | SME IPO Listed @ 165.10 (3.84%) | 159 | 0 (0%) | ₹107.36 Cr | 10-Feb | 12-Feb |
| Ajax Engineering | Main IPO Listed @ 576.00 (-8.43%) | 629 | -3 (-0.48%) | ₹1269.35 Cr | 10-Feb | 12-Feb |
| Eleganz Interiors | SME IPO Listed @ 122.00 (-6.15%) | 130 | 5 (3.85%) | ₹78.07 Cr | 7-Feb | 11-Feb |
| Solarium Green | SME IPO Listed @ 202.00 (5.76%) | 191 | 5 (2.62%) | ₹105.04 Cr | 6-Feb | 10-Feb |
| Readymix Construction | SME IPO Listed @ 123.00 (0%) | 123 | 0 (0%) | ₹37.66 Cr | 6-Feb | 10-Feb |
| Amwill Healthcare | SME IPO Listed @ 88.85 (-19.95%) | 111 | 0 (0%) | ₹59.98 Cr | 5-Feb | 7-Feb |
| Ken Enterprises | SME IPO Listed @ 85.00 (-9.57%) | 94 | 5 (5.32%) | ₹83.65 Cr | 5-Feb | 7-Feb |
Western Carriers (India) IPO Objectives
The funds raised through the IPO will be utilized for:
- Prepayment or repayment of borrowings.
- Capital expenditures for purchasing commercial vehicles, containers, and reach stackers.
- General corporate purposes.
Western Carriers (India) IPO Key Details
- Western Carriers (India) IPO Open Date: September 13, 2024
- Western Carriers (India) IPO Close Date: September 18, 2024
- Western Carriers (India) IPO Size: Approximately ₹492.88 Crores, 5,400,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- Western Carriers (India) IPO Price Band: ₹163 – ₹172 Per Equity Share
- Western Carriers (India) IPO Listing on: NSE & BSE
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Western Carriers (India) IPO Timeline
- Western Carriers (India) IPO Open Date: September 13, 2024
- Western Carriers (India) IPO Close Date: September 18, 2024
- Basis of Allotment: September 19, 2024
- Refunds: September 20, 2024
- Credit to Demat Account: September 20, 2024
- Western Carriers (India) IPO Listing Date: September 23, 2024
How to Apply for Western Carriers (India) IPO
Investors can apply for the Western Carriers (India) IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Western Carriers (India) Financial Performance (in Crores)
- Year 2022: Revenue ₹1,475.79, Expense ₹1,392.43, Profit After Tax ₹61.13, Assets ₹490.33
- Year 2023: Revenue ₹1,637.84, Expense ₹1,541.79, Profit After Tax ₹71.57, Assets ₹604.14
- Year 2024: Revenue ₹1,691.41, Expense ₹1,583.13, Profit After Tax ₹80.35, Assets ₹754
Western Carriers (India) Valuation FY2023
- Return on Equity (ROE): 22.41%
- Return on Capital Employed (ROCE): 29.23%
- EBITDA Margin: 9.01%
- PAT Margin: 4.77%
- Debt to Equity Ratio: 0.67
- Earnings Per Share (EPS): ₹10.21
- Net Asset Value (NAV): ₹50.62
Western Carriers (India) Peer Group
- Container Corporation of India Limited: EPS: 17.27, P/E Ratio: 38.69, RoNW: 9.69%, NAV: 178.18, Income: ₹7652.73 crores
- Mahindra Logistics Limited: EPS: 5.16, P/E Ratio: 70.84, RoNW: 5.85%, NAV: 82.18, Income: ₹4083.03 crores
- TCI Express Limited: EPS: 33.48, P/E Ratio: 46.46, RoNW: 24.03%, NAV: 139.29, Income: ₹1081.47 crores
Western Carriers (India) Company Promoters
- Rajendra Sethia
- Kanishka Sethia.
Western Carriers (India) IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: westerncarriers.ipo@linkintime.co.in
Western Carriers (India) IPO Allotment Status Check
- Check the Western Carriers (India) IPO allotment status on the Link Intime India website.
Western Carriers (India) IPO Allotment Link
- Check the Western Carriers (India) IPO allotment on the Check ipo Allotment website.
Western Carriers (India) IPO Lead Managers (Merchant Bankers)
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
Western Carriers (India) Company Address
2/6 Sarat Bose Road
2nd Floor,
Kolkata,West Bengal-700 020 India
Website: https://western-carriers.com/
Phone: +91 33 2485 8519
Email: investors@westcong.com
Western Carriers (India) IPO FAQs
What is Western Carriers (India) IPO?
Western Carriers (India) IPO is a Main-board IPO. They are going to raise ₹492.88s via IPO. The issue is priced at ₹163 – ₹172 Per equity share. The IPO is to be listed on NSE & BSE.
When will the Western Carriers (India) IPO open?
The IPO is to open on September 13, 2024, for NII, and Retail Investors.
What is Western Carriers (India) IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Western Carriers (India) IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Western Carriers (India) IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Western Carriers (India) IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Western Carriers (India) IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Western Carriers (India) IPO Size?
Western Carriers (India) IPO size is ₹492.88 Crore.
What is Western Carriers (India) IPO Price Band?
Western Carriers (India) IPO Price Band is ₹163 – ₹172 Per equity share.
What is Western Carriers (India) IPO Minimum and Maximum Lot Size?
The IPO bid is 87 Shares with ₹14,964.
What is Western Carriers (India) IPO Allotment Date?
Western Carriers (India) IPO allotment date is September 19, 2024.
What is Western Carriers (India) IPO Listing Date?
Western Carriers (India) IPO listing date is September 23, 2024. The IPO to list on NSE & BSE.
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