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Western Carriers (India) IPO is a book built issue. The issue comprises of fresh issue of Rs 500.00 crore and offer for sale of 0.93 crore shares.
Western Carriers (India) IPO dates are yet to be announced.
Western Carriers (India) IPO price bands are yet to be announced.
Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Western Carriers (India) IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Western Carriers (India) IPO DRHP for detailed information.
IPO Date | to |
Listing Date | [.] |
Face Value | ₹5 per share |
Price | [.] to [.] per share |
Lot Size | |
Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
Fresh Issue | [.] shares (aggregating up to ₹500.00 Cr) |
Offer for Sale | 9,328,995 shares of ₹5 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 78,699,400 |
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Share Holding Pre Issue | 99.99% |
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.
Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | ||||||||||||||||||||||||||||||||||||
Assets | 572.14 | 490.33 | 425.22 | 358.52 | ||||||||||||||||||||||||||||||||||||
Revenue | 1,210.61 | 1,475.79 | 1,113.9 | 1,073.53 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 55.09 | 61.13 | 44.53 | 35.86 | ||||||||||||||||||||||||||||||||||||
Net Worth | 302.31 | 257.58 | 196.65 | 152.03 | ||||||||||||||||||||||||||||||||||||
Reserves and Surplus | 218.16 | 157.12 | 112.51 | 76.65 | ||||||||||||||||||||||||||||||||||||
Total Borrowing | 191.01 | 150.4 | 135.68 | 96.12 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Crore |
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:
Western Carriers (India) Limited
2/6 Sarat Bose Road
2nd Floor,
Kolkata-700020
Phone: +91 33 2485 8519
Email: investors@westcong.com
Website: https://western-carriers.com/
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
Western Carriers (India) IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The Western Carriers (India) IPO open and close dates are not available as of now.
Link Intime India Private 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 (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Western Carriers (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Western Carriers (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Western Carriers (India) IPO dates are not announced. Please check back again after some time.
Western Carriers (India) IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Western Carriers (India) IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Western Carriers (India) IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Western Carriers (India) IPO allotment status.
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