Western Carriers (India) IPO GMP : Western Carriers (India) IPO GMP is Open on 13 September 2024 and Close on 18 September 2024. Western Carriers (India) IPO to Raise 28,655,813 shares (Approx ₹492.88 Cr) via IPO. The Fresh issue of 23,255,813 shares (Approx ₹400.00 Cr) and The Offer For Sale is 5,400,000 shares of ₹5 (Approx ₹92.88 Cr).
We operate on a scalable, asset-light business model which enables us to provide differentiated 3PL and 4PL solutions. We endeavour to address complexities by creating customised, one-stop/single-window, end-to-end and integrated logistics solutions for our customers, which involve a variety of value-added services across the supply chain.
Established his logistics business as a rail-focused logistics business in 1972, which was later acquired by our Company in 2013. Over the last 50 years, our business has continued to evolve to provide end-to-end, customised, multi-modal logistics solutions across the supply chain integrating road, railway, water and air logistics along with a bespoke suite of value-added services.
We believe that our technological capabilities play a key role in helping us effectively manage our operations, maintaining operational and fiscal controls, and supporting our efforts to enhance client service levels and deliver shipments on time. According to the 1Lattice Report, we have been at the forefront of integrating modern technology into our services.
Our experienced management team has project execution and development skills, which enable us to execute projects efficiently. Further, our understanding of customers’ supply chain, regional market dynamics for multi-modal transportation, long-standing relationships with our customers and our connection with the Indian Railways enables us to deliver cost and time effective solutions for our customers.
Over the next few years, we intend to enhance our scope of engagement with existing customers by strengthening our existing service offerings, adding new offerings, servicing newer geographies, providing additional value-added services and offering time and cost saving solutions to them. Furthermore, we intend to continue to grow our share ofour customers’ spend on logistics by expanding the levels of our engagement with them across multiple plants, locations and geographies and the sectors that our customers operate in.
We plan to leverage our performance, customer referrals and our expertise in core segments to add affiliates and business partners of our existing customers, or their new manufacturing facilities, locations and geographies, as well as to acquire new customers in sectors we do not currently service.
Western Carriers (India) IPO Date & Price Band Details
| IPO Open Date | 13 Sep 2024 |
|---|---|
| IPO Close Date | 18 Sep 2024 |
| IPO Size | 28,655,813 shares (Approx ₹492.88 Cr) |
| Fresh Issue | 23,255,813 shares (Approx ₹400.00 Cr) |
| Offer For Sale | 5,400,000 shares of ₹5 (Approx ₹92.88 Cr) |
| Lot Size | 87 Shares |
| IPO Face Value | ₹5 Per Equity Share" |
| IPO Price Band | ₹163 to ₹172 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Western Carriers (India) IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 87 | ₹14,964 |
| Retail Maximum | 13 | 1,131 | ₹1,94,532 |
| S-HNI Minimum | 14 | 1,218 | ₹2,09,496 |
| B-HNI Minimum | 68 | 5,916 | ₹10,17,552 |
Object of the Issue
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company.
- Funding of capital expenditure requirements of our Company towards purchase of: (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers.
- General corporate purposes.
Western Carriers (India) IPO Allotment & Listings (Details)
| IPO Open Date | 13 Sep 2024 |
|---|---|
| IPO Close Date | 18 Sep 2024 |
| Basis of Allotment | 19 Sep 2024 |
| Refunds | 20 Sep 2024 |
| Credit to Demat Account | 20 Sep 2024 |
| IPO Listing Date | 23 Sep 2024 |
Western Carriers (India) Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| Dec 2022 | ₹1210.61 | ₹1136.64 | ₹55.09 |
| 2022 | ₹1475.79 | ₹1392.43 | ₹61.13 |
| 2021 | ₹1113.90 | ₹1053.88 | ₹44.53 |
Our Company Promoters
- Rajendra Sethia
- Kanishka Sethia
Qualitative Factors
- Experience in delivering customised, end-to-end services and executing complex and bespoke projects.
- Comprehensive and integrated multi-modal, end-to-end logistics solutions.
- Strong customer relationships with a diverse customer base.
- Strategically positioned to capitalise on a fast-growing logistics market in India.
- Scaled, asset-light business model with successful track record of delivering growth and profitability and experience of our Promoters and our Company.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Western Carriers | 5.00 | 7.77 | [.] | 23.73 | 32.73 | 14,708.75 |
| Peer Group | ||||||
| Container Corporation of India | 5.00 | 17.27 | 38.69 | 9.69 | 178.18 | 76,527.30 |
| Mahindra Logistics | 10.00 | 5.16 | 70.84 | 5.85 | 82.18 | 40,830.30 |
| TCI Express | 2.00 | 33.48 | 46.46 | 24.03 | 139.29 | 10,814.70 |
Also Read: PN Gadgil Jewellers IPO
Western Carriers (India) Company Contact Details
2/6 Sarat Bose Road 2nd Floor, Kolkata 700 020
West Bengal, India
Tel: +91 33 2485 8519
E-mail: investors@westcong.com
Contact Person: Sapna Kochar
Website: www.western-carriers.com
Western Carriers (India) Lead Manager
JM Financial Limited
7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi,
Mumbai 400 025 Maharashtra, India
Telephone: +91 22 6630 3030/ +91 22 6630 3262
E-mail : westerncarriers.ipo@jmfl.com
Investor grievance e-mail : grievance.ibd@jmfl.com
Website : www.jmfl.com
Contact Person : Prachee Dhuri
Kotak Mahindra Capital Company Limited
27 BKC, 1st Floor, Plot No. C – 27 “G” Block,
Bandra Kurla Complex Bandra (East),
Mumbai 400 051 Maharashtra, India
Telephone: +91 22 4336 0000
E-mail: westerncarriers.ipo@kotak.com
Website: www.stmentbank.kotak.com
Investor Grievance ID: kmccredressal@kotak.com
Contact Person: Ganesh Rane
Western Carriers (India) IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg Vikhroli West,
Mumbai 400 083 Maharashtra, India
Tel: +91 81 0811 4949
E-mail: westerncarriers.ipo@linkintime.co.in
Investor grievance e-mail: westerncarriers.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
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