Western Carriers IPO is a book build issue of ₹492.88 crores. The issue is a combination of fresh issue of 2.33 crore shares aggregating to ₹400.00 crores and offer for sale of 0.54 crore shares aggregating to ₹92.88 crores.
Western Carriers IPO bidding started from Sep 13, 2024 and ended on Sep 19, 2024. The allotment for Western Carriers IPO was finalized on Sep 20, 2024. The shares got listed on BSE, NSE on Sep 24, 2024.
Western Carriers IPO price band is set at ₹172.00 per share . The lot size for an application is 87. The minimum amount of investment required by an retail is ₹14,181 (87 shares). The lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹2,09,496, and for bNII, it is 67 lots (5,829 shares), amounting to ₹10,02,588.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Western Carriers IPO RHP for detailed Information.
IPO Date | September 13, 2024 to September 19, 2024 |
Listing Date | September 24, 2024 |
Face Value | ₹5 per share |
Issue Price Band | ₹163 to ₹172 per share |
Issue Price Final | ₹172 per share |
Lot Size | 87 Shares |
Sale Type | Fresh Capital-cum-Offer for Sale |
Total Issue Size | 2,86,55,813 shares (aggregating up to ₹492.88 Cr) |
Fresh Issue | 2,32,55,813 shares (aggregating up to ₹400.00 Cr) |
Offer for Sale | 54,00,000 shares of ₹5 (aggregating up to ₹92.88 Cr) |
Issue Type | Bookbuilding IPO |
Listing At | BSE, NSE |
Share Holding Pre Issue | 7,86,99,400 shares |
Share Holding Post Issue | 10,19,55,213 shares |
Western Carriers (India) IPO offers total 2,86,55,813 shares. Out of which 1,43,27,906 (50.00%) allocated to QIB, 57,31,163 (20.00%) allocated to QIB, 42,98,372 (15.00%) allocated to NII, 1,00,29,535 (35.00%) allocated to RII and 85,96,743 (30.00%) allocated to Anchor investors.
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
QIB Shares Offered | 1,43,27,906 (50.00%) | NA |
− Anchor Investor Shares Offered | 85,96,743 (30.00%) | NA |
− QIB (Ex. Anchor) Shares Offered | 57,31,163 (20.00%) | NA |
NII (HNI) Shares Offered | 42,98,372 (15.00%) | NA |
− bNII > ₹10L | 28,65,581 (10.00%) | 2,352 |
− sNII < ₹10L | 14,32,791 (5.00%) | 1,176 |
Retail Shares Offered | 1,00,29,535 (35.00%) | 1,15,282 |
Total Shares Offered | 2,86,55,813 (100.00%) |
Western Carriers IPO raises ₹147.86 crore from anchor investors. Western Carriers IPO Anchor bid date is September 12, 2024. Western Carriers IPO Anchor Investors list
Bid Date | September 12, 2024 |
Shares Offered | 85,96,743 |
Anchor Portion Size (In Cr.) | 147.86 |
Anchor lock-in period end date for 50% shares (30 Days) | October 19, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | December 18, 2024 |
Western Carriers IPO opens on September 13, 2024, and closes on September 19, 2024.
IPO Open Date | Fri, Sep 13, 2024 |
IPO Close Date | Thu, Sep 19, 2024 |
Tentative Allotment | Fri, Sep 20, 2024 |
Initiation of Refunds | Mon, Sep 23, 2024 |
Credit of Shares to Demat | Mon, Sep 23, 2024 |
Tentative Listing Date | Tue, Sep 24, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 19, 2024 |
Investors can bid for a minimum of 87 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 87 | ₹14,964 |
Retail (Max) | 13 | 1,131 | ₹1,94,532 |
S-HNI (Min) | 14 | 1,218 | ₹2,09,496 |
S-HNI (Max) | 66 | 5,742 | ₹9,87,624 |
B-HNI (Min) | 67 | 5,829 | ₹10,02,588 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2011, Western Carriers (India) Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company. The company offers fully customizable, multi-modal logistics solutions encompassing road, rail, water, and air transportation and a tailored range of value-added services.
The company offers sectors such as metals, fast-moving consumer goods (“FMCG”), pharmaceuticals, chemicals, engineering, oil and gas and retail. The company's clientele includes Tata Steel Limited (“Tata Steel”), Hindalco Industries Limited (“Hindalco”), Jindal Stainless Limited (“JSL”), JSW Steel Coated Products Limited (“JSW”), Bharat Aluminium Company Limited(“BALCO”)and Vedanta Limited(“Vedanta”), Hindustan Unilever Limited (“HUL”), Hindustan Coca Cola Beverages Private Limited (“Coca Cola India”), Tata Consumer Products Limited (“Tata Consumer”), Gujarat Tea Processors and Packers Limited (“Wagh Bakri”) and CG Foods India Private Limited (“CG Foods”), Cipla Limited (“Cipla”), Materials Chemicals and Performance Intermediaries Private Limited (“MCPI”) (formerly, MCC PTA India Corp. Private Limited, a subsidiary of Mitsubishi Chemical Corporation), Haldia Petrochemicals Limited (“Haldia”) and Gujarat Heavy Chemicals Limited(“GHCL”)Oil and Gas Brahmaputra Cracker and Polymer Limited(“BCPL”)Utilities and others*Sheela Foam Limited(“Sleepwell”)and DHL Logistics Private Limited.
The company provides chartering services to overseas destinations, stevedoring services at Indian ports, and coastal movement of cargo within India. They specialize in combining rail with road movements through an asset-light business model. The company manages and handles the supply chain for increased imports, exports, and production levels for a leading metals and resource group company.
As of December 31, 2022, the company served a d over 1,100 customers.
As of December 31, 2022, the company had 1,350 employees in various departments.
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 |
Total Income | 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 market capitalization of Western Carriers IPO is ₹1753.63 Cr.
KPI as of Sun, Mar 31, 2024.
KPI | Values |
---|---|
ROE | 22.41% |
ROCE | 29.23% |
Debt/Equity | 0.67 |
RoNW | 20.17% |
Price to Book Value | 3.40 |
Pre IPO | Post IPO | |
---|---|---|
EPS Rs | 10.21 | 7.88 |
P/E (x) | 16.85 | 21.83 |
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:
[Dilip Davda] The company is the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears reasonably priced. Considering the rising demands for logistics due to ongoing expansions/infra developments/ rising business opportunities, the company is poised for bright prospects. Investors may park funds for medium to long term. Read detail review...
Listing Date | September 24, 2024 |
BSE Script Code | 544258 |
NSE Symbol | WCIL |
ISIN | INE0CJF01024 |
Final Issue Price | ₹172 per share |
NSE Listing Group | EQ |
BSE Listing Group | B |
Western Carriers (India) Ltd.
2/6 Sarat Bose Road
2nd Floor,
Kolkata-700020
Kolkata, West Bengal
Phone: +91 33 2485 8519
Email: investors@westcong.com
Website: https://western-carriers.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: westerncarriers.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Western Carriers IPO is a main-board IPO of 2,86,55,813 equity shares of the face value of ₹5 aggregating up to ₹492.88 Crores. The issue is priced at ₹172 per share. The minimum order quantity is 87.
The IPO opens on September 13, 2024, and closes on September 19, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Western Carriers IPO using UPI as a payment gateway. Zerodha customers can apply in Western Carriers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Western Carriers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Western Carriers IPO opens on September 13, 2024 and closes on September 19, 2024.
Western Carriers IPO lot size is 87, and the minimum amount required for application is ₹14,964.
You can apply in Western Carriers IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Western Carriers IPO will be done on Friday, September 20, 2024, and the allotted shares will be credited to your demat account by Monday, September 23, 2024. Check the Western Carriers IPO allotment status.
The Western Carriers IPO listing date is on Tuesday, September 24, 2024.
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