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Western Carriers (India)
Mainboard₹14,964 / 87 Shares
Western Carriers (India) IPO Details
The Western Carriers (India) IPO price band is set between ₹163-172 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 13 Sep, 2024 and closes on 19 Sep, 2024. Investors can check the allotment status on 20 Sep, 2024, while the listing date is tentatively scheduled for 24 Sep, 2024.
The total issue size is Total ₹492.88 Cr :#Fresh Issue : 23,255,813 shares, aggregating up to ₹400.00 Cr. Stay tuned for the latest Western Carriers (India) IPO review and GMP updates.
Western Carriers (India) IPO Review, Rating & Analysis
Western Carriers (India) IPO Review
NO REVIEWWestern Carriers (India) IPO Rating
Western Carriers (India) IPO Highlights
IPO Date
Sep 13, 2024 - Sep 19, 2024
Listing Date
24 Sep, 2024
Face Value
₹5 Per Equity Share
Price Band
₹163-172 per equity share
Lot Size
87 Shares
Fresh Issue
23,255,813 Shares
Offer for Sale
5,400,000 shares of ₹5
Listing At
BSE, NSE
Western Carriers (India) IPO Lot Size
The minimum market lot for Western Carriers (India) IPO is 87 shares with an application amount of ₹14,964. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,964 |
| Retail (Max) | 13 | 1131 | ₹1,94,532 |
| S-HNI (Min) | 14 | 1218 | ₹2,09,496 |
| S-HNI (Max) | 66 | 5742 | ₹9,87,624 |
| B-HNI (Min) | 67 | 5829 | ₹10,02,588 |
Western Carriers (India) IPO Timeline
Issue Price
₹163-172 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Jm Financial LimitedKotak Mahindra Capital Company LimitedIssue Size
Total ₹492.88 Cr :#Fresh Issue : 23,255,813 shares(aggregating up to ₹400.00 Cr) +
#OFS : 5,400,000 shares of ₹5(aggregating up to ₹92.88 Cr)
Western Carriers (India) IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 754.01 | 1691.41 | 80.35 | 398.36 | 359.01 | 266.00 |
| 31 Mar 23 | 604.14 | 1637.84 | 71.57 | 318.61 | 279.08 | 210.47 |
| 31 Mar 22 | 490.33 | 1475.79 | 61.13 | 257.58 | 157.12 | 150.4 |
All values are in ₹ Cr.
Western Carriers (India) IPO Valuations
EPS Pre IPO
₹10.21/-EPS Post IPO
₹7.88/-PE Pre IPO
16.85PE Post IPO
21.83ROE
22.41%ROCE
29.23%Debt Equity
0.67RoNW
20.17%PAT Margin
-Price to Book Value
3.40Promoters & Share Holding
Promoter(s) Name
- Rajendra Sethia
- Kanishka Sethia
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | 71.89% |
About Company
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
Western Carriers (India) IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,731,163 | 4,298,372 2,865,581 1,432,791 | 10,029,535 | 20,059,070 |
Day 1 -13-09-24 05:00 PM | 0.00 x | 0.38 0.25 x 0.62 x | 1.40 x | 0.78 x |
Day 2 -16-09-24 05:00 PM | 0.03 x | 5.35 4.23 x 7.57 x | 7.31 x | 4.83 x |
Day 3 -17-09-24 05:00 PM | 0.09 x | 12.74 10.22 x 17.80 x | 13.27 x | 9.43 x |
Day 4 -18-09-24 05:00 PM | 0.14 x | 20.93 17.22 x 28.35 x | 18.61 x | 13.89 x |
Day 5 -19-09-24 05:00 PM | 27.99 x | 44.58 39.86 x 54.00 x | 25.43 x | 30.28 x |
Retail:24.67x
BHNI:8.40x
SHNI:53.0x times
Company Contact Details
Western Carriers (India)
2/6 Sarat Bose Road, 2nd Floor, Kolkata-700020Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: westerncarriers.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions about Western Carriers (India) IPO
When will Western Carriers (India) IPO open for subscription?
The Western Carriers (India) IPO opens on 13 Sep, 2024 and closes on 19 Sep, 2024.
What is the investors portion for Western Carriers (India) IPO?
The investors' portion for QIB is 27.99 x, NII is 39.86 x, and Retail is 25.43 x.
How to apply for Western Carriers (India) IPO?
You can apply for Western Carriers (India) IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Western Carriers (India) IPO?
The issue size of Western Carriers (India) IPO is approx ₹Total ₹492.88 Cr :#Fresh Issue : 23,255,813 shares(aggregating up to ₹400.00 Cr) +#OFS : 5,400,000 shares of ₹5(aggregating up to ₹92.88 Cr) crores.
What is the price band of Western Carriers (India) IPO?
The price band for Western Carriers (India) IPO is ₹163 to ₹172 per equity share.
What is the lot size of Western Carriers (India) IPO?
The minimum bid (lot size) for Western Carriers (India) IPO is N/A shares with an investment of approx ₹14,964 .
What is the allotment date of Western Carriers (India) IPO?
The allotment date for Western Carriers (India) IPO is 20 Sep, 2024.
What is the listing date of Western Carriers (India) IPO?
The listing date for Western Carriers (India) IPO is expected to be 24 Sep, 2024.
What is the GMP of Western Carriers (India) IPO?
The latest Grey Market Premium (GMP) for Western Carriers (India) IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.