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Western Carriers (India) Limited IPO (Western Carriers (India) IPO) Detail

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.

Western Carriers (India) IPO Details

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 Sale9,328,995 shares of ₹5
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue78,699,400

Western Carriers (India) IPO Reservation

Investor Category Shares Offered
QIB Shares OfferedNot more than 50.00% of the offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

Western Carriers (India) IPO Promoter Holding

Promoters of the company and Rajendra Sethia and Kanishka Sethia.
Share Holding Pre Issue 99.99%
Share Holding Post Issue

About Western Carriers (India) Limited

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.

Company Financials

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets572.14490.33425.22358.52
Revenue1,210.611,475.791,113.91,073.53
Profit After Tax55.0961.1344.5335.86
Net Worth302.31257.58196.65152.03
Reserves and Surplus218.16157.12112.5176.65
Total Borrowing191.01150.4135.6896.12
Amount in ₹ Crore

Objects of the Issue (Western Carriers (India) IPO Objectives)

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:

  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:
    1. commercial vehicles;
    2. 40 feet specialised containers and 20 feet normal shipping containers; and
    3. reach stackers; and
  3. General corporate purposes

Western Carriers (India) IPO Prospectus

Western Carriers (India) IPO Rating

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Western Carriers (India) Limited Contact Details

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/

Western Carriers (India) IPO Registrar

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 - Buy or Not

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Western Carriers (India) IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Western Carriers (India) IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Western Carriers (India) IPO listing date is not yet announced. The tentative date of Western Carriers (India) IPO listing is [.].
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