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Western Carriers (India) Ltd.

Western Carriers (India) Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹172
₹172
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹172
Based on GMP
Min. Investment
₹14,964
1 lot × 87 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
13 Sep 2024
Close Date
19 Sep 2024
Allotment
20 Sep 2024
Listing Date
24 Sep 2024
Exchange
NSE & BSE
Price Band
₹172
Listing Price
See chart
Allotment Status
Price Band
₹172
Per share
Face Value
₹5 per share
 
Lot Size
87 Shares
per lot
Issue Size
2,86,55,813 shares (aggregating up to ₹492.88 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,964
1 lot
Pre-IPO Holding
7,86,99,400 shares
Promoters
Post-IPO Holding
10,19,55,213 shares
Promoters
P/E (Pre)
16.85x
 
P/E (Post)
21.83x
 
EPS (Pre)
₹10.21
 
EPS (Post)
₹7.88
 
UPI Deadline
2024-09-19
Mandate
Anchor AllotmentThu, 12 Sep 2024
Basis of AllotmentFri, 20 Sep 2024
Refund InitiationMon, 23 Sep 2024
Demat CreditMon, 23 Sep 2024
Listing DayTue, 24 Sep 2024
UPI Mandate Deadline2024-09-19
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares2,32,55,813 shares (aggregating up to ₹400.00 Cr)
Offer for Sale54,00,000 shares of ₹5 (aggregating up to ₹92.88 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Western Carriers (India) Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 Sep 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
28,655,813
100% ₹492.88
IPO Shares Offered
Western Carriers (India) Ltd. IPO total issue size: ₹492.88 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 28,655,813 ₹492.88
100.00%
* Based on upper price band ₹172 per share
Lot Size & Investment
Lot Size
87
Shares per Lot
Issue Price
₹172.00
Upper Band
Min Investment
₹14,964
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2174₹29,928
Retail (Max — 13 Lots)131,131₹194,532
S-HNI (Min — 14 Lots)141,218₹209,496
B-HNI (Min — 68 Lots)685,916₹1,017,552
* Issue Price ₹172 × Lot Size 87 shares
IPO Schedule
Anchor
12 Sep 2024
✓ Done
IPO Open
13 Sep 2024
✓ Done
IPO Close
19 Sep 2024
✓ Done
Allotment
20 Sep 2024
✓ Done
Refunds
23 Sep 2024
✓ Done
Demat Credit
23 Sep 2024
✓ Done
Listing Day
24 Sep 2024
✓ Done
Western Carriers (India) Ltd. — Live Price LIVE
₹172.00
INR · BSE
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Issue ₹172.00 Live Price
About Western Carriers (India) Ltd.
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.
Objects of the Issue
1
Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
2
Funding of capital expenditure requirements of our Company towards purchase of: commercial vehicles; 40 feet specialised containers and 20 feet normal shipping containers; and reach stackers; and
3
General corporate purposes
Western Carriers (India) Ltd. Financials (Amount in Crore)
Revenue from Operations
₹1,475.8
31 Mar 2022
₹1,637.8
31 Mar 2023
₹1,691.4
31 Mar 2024
Profit After Tax (PAT)
₹61.1
31 Mar 2022
₹71.6
31 Mar 2023
₹80.4
31 Mar 2024
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 1691.41 1637.84 1475.79
EBITDA N/A N/A N/A
Profit After Tax (PAT) 80.35 71.57 61.13
Net Worth 398.36 318.61 257.58
Total Assets 754.01 604.14 490.33
Reserves & Surplus 359.01 279.08 157.12
Borrowings 266.00 210.47 150.40
EBITDA Margin (%) N/A
PAT Margin (%) N/A
P/BV Ratio
3.40
RoE
22.41%
RoCE
29.23%
RoNW
20.17%
Debt/Equity
0.67
Issue Structure & Shareholding
Total Shares Offered2,86,55,813 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding7,86,99,400 shares
Post-Issue Promoter Holding10,19,55,213 shares
P/BV Ratio3.40
RoE22.41%
RoCE29.23%
Debt / Equity0.67
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
JM Financial Ltd.
Kotak Mahindra Capital Co.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Western Carriers (India) Ltd. IPO subscribed?

Western Carriers (India) Ltd. IPO is subscribed 1.00 times by Sep 19, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Western Carriers (India) Ltd. IPO retail subscription status?

The Western Carriers (India) Ltd. IPO retail category is subscribed 1.00 times as of 19 Sep 2024. The retail portion is oversubscribed.

How to subscribe Western Carriers (India) Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 13 Sep 2024 and closes 19 Sep 2024. Min investment: ₹14,964 (1 lot = 87 shares). UPI mandate: 2024-09-19.

How many times Western Carriers (India) Ltd. IPO subscribed?

The Western Carriers (India) Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Western Carriers (India) Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Sep 2024. Refunds: on 23 Sep 2024.

When Western Carriers (India) Ltd. IPO will be listed?

The Western Carriers (India) Ltd. IPO listing date is 24 Sep 2024, Tuesday. Listed on: NSE & BSE. Issue price: ₹172. Estimated listing: ₹172. GMP: NIL.

When Western Carriers (India) Ltd. IPO close?

The Western Carriers (India) Ltd. IPO closes on 19 Sep 2024, Thursday. UPI mandate: 2024-09-19. Allotment: 20 Sep 2024. Listing: 24 Sep 2024.