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IPO Status: Open [13th Sep 2024 to 19th Sep 2024]
Western Carriers (India) IPO, a Mainline IPO of ₹492.88 Cr opens for subscription from 13-09-2024 to 19-09-2024. The IPO consists of ₹400.00 Cr fresh issue and ₹92.88 Cr offer for sale.
The face value is Rs 5 and the price band is fixed at 163.00-172.00 per share. You can apply to the Western Carriers (India) Mainline IPO for a minimum lot of 87 shares amounting of Rs 14964.
The tentative listing date on the exchange (BSE, NSE) is 24-09-2024.Stay tuned with us to get more details about Western Carriers (India) Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 13th Sep 2024 |
| IPO Issue Closing Date: | 19th Sep 2024 |
| IPO Issue Price: | ₹163.00-172.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹492.88 Cr |
| Offer for Sale: | ₹92.88 Cr |
| Fresh Issue: | ₹400.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.99% |
| Promoter Holding Post IPO: |
Get important updates regarding Western Carriers (India) IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2024 |
| Refunds Initiation* | 23rd Sep 2024 |
| Credit of Shares to Demat* | 23rd Sep 2024 |
| IPO Listing Date* | 24th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹163.00-172.00 |
| Market Lot: | 87 Shares |
| 1 Lot Amount: | ₹14964 |
| Min Small HNI Lots(2-10 Lakh): | 1218 shares (14 lots) - ₹209496 |
| Min Big HNI Lots(10+ Lakh): | 5829 shares (67 lots) - ₹1002588 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 18-09-2024 | 172.00 | 50 | 3300/46200 | ₹222 (29.07%) | 19-Sep-2024 0:32 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in March 2011, Western Carriers (India) Limited is a multimodal, rail-focused 4PL asset-light logistics company in India. With the combined experience of the company and its founder, Rajendra Sethia, it has over five decades of experience in multimodal transportation by road, rail and sea/river for domestic and EXIM cargoes in and out of India.
The company operates with a scalable, asset-friendly business model that enables us to offer differentiated 3PL and 4PL solutions. The company strives to manage complexity by developing customised, end-to-end and integrated one-stop logistics solutions for its customers, encompassing a variety of value-added services along the supply chain.
The company offers customised "one-stop-shop" ‘3PL and 4PL logistics solutions that meet customers' requirements. Customers can choose from a range of customised value-added solutions, such as inventory planning, warehouse planning and management, freight and material handling and packing, customs clearance, pre-shipment inspection and containerization.
Over the years, customers such as Tata Steel, Hindalco and BALCO have recognised the quality of services and the ability to implement end-to-end solutions. In particular, the company was recognised by Tata Steel for its outstanding contribution in the “Support for New Trials” category. in 2021, it received the monthly ‘CEO Award for ‘Best Business Partner from BALCO and in 2022 a Recognition Award for Excellence and Punctuality from Hindalco in Belagavi. For the financial year 2022, the company received the "Most Valued Partner - Transport" award from JCAPCPL (a joint venture between Tata Steel and Nippon Steel Corporation)".
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Logistics Solution Provider | ₹492.88 Cr | https://western-carriers.com/ |
The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue less the Offer expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilised in the following manner:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 5,731,163 (28.57%) | 4,298,372 (21.43%) | 10,029,535 (50%) | 20,059,070 | |
| 1 | 13th Sep 2024 19:04 | 0.00x | 0.40x | 1.54x | 0.85x |
| 2 | 16th Sep 2024 19:04 | 0.03x | 5.62x | 7.84x | 5.13x |
| 3 | 17th Sep 2024 19:04 | 0.10x | 13.33x | 13.97x | 9.87x |
| 4 | 18th Sep 2024 19:04 | 0.14x | 21.91x | 19.69x | 14.58x |
Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 754.01 | 604.14 | 490.33 | |||||||||||||||||||||||||||
| Revenue | 1,691.41 | 1,637.84 | 1,475.79 | |||||||||||||||||||||||||||
| Profit After Tax | 80.35 | 71.57 | 61.13 | |||||||||||||||||||||||||||
| Net Worth | 398.36 | 318.61 | 257.58 | |||||||||||||||||||||||||||
| Reserves and Surplus | 359.01 | 279.08 | 157.12 | |||||||||||||||||||||||||||
| Total Borrowing | 266 | 210.47 | 150.4 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Western Carriers (India) Limited | 7.77 | 7.77 | 50.62 | 20.17 | Consolidated | |
| Container Corporation Of India Ltd. | 17.27 | 17.27 | 193.87 | 47.73 | 10.42 | Consolidated |
| Mahindra Logistics Ltd | 5.16 | 5.14 | 69.99 | -62.93 | -10.33 | Consolidated |
| TCI Express Limited | 33.48 | 33.45 | 183.57 | 32.48 | 18.71 | Consolidated |
Last Updated on 19-Sep-2024 00:32:53
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Western Carriers (India) IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Western Carriers (India) IPO with Zerodha.
Alternate approch to apply in Western Carriers (India) IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Western Carriers (India) IPO Review and Important Updates
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To subscribe or apply in Western Carriers (India) IPO, you can use the following methods:
| Western Carriers (India) IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Western Carriers (India) IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Western Carriers (India) IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Western Carriers (India) IPO. Most of the Syndicate Banks provide access to apply in Western Carriers (India) IPO via ASBA process. You must have your net banking access, DP ID information to apply in Western Carriers (India) IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Western Carriers (India) IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Western Carriers (India) IPO Review and Important Updates
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Applying in Western Carriers (India) IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Western Carriers (India) IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Western Carriers (India) IPO, please refer article >> Link
Western Carriers (India) IPO Review and Important Updates
Steps to download the online application form for Western Carriers (India) IPO
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Western Carriers (India) IPO is going to be list on 24-09-2024.
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Western Carriers (India) IPO Allotment Date is 20-09-2024.
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