Western Carriers IPO GMP Today, Western Carriers IPO Grey Market Premium Updates | Western Carriers IPO, Latest target, Opening gain
Western Carriers IPO began on 13 September 2024. It will close on 18 September 2024. The Total IPO Size is ₹492.88 Crore Approx. The company set its IPO price is ₹163 to ₹172 per share Per Share. There are three basic categories in Western Carriers IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Incorporated in March 2011, Western Carriers 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 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.
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.
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.
Western Carriers (India) IPO Details:
| Issuer | Western Carriers IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 13 September, 2024 | |
| Issue Closes: 18 September, 2024 | ||
| Price Brand | ₹163 to ₹172 per share | |
| Issue Size | ₹492.88 Cr | |
| Face Value | ₹5 per share | |
| Market Lot | 87 Shares | |
| Retail (Max) | ₹1,94,532 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 28,655,813 Shares | |
Western Carriers IPO GMP Rates day by day
Western Carriers IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹ 14,964 |
| Retail (Max) | 13 | 1131 | ₹ 194,532 |
| S-HNI (Min) | 14 | 1,218 | ₹ 209,496 |
| S-HNI (Max) | 66 | 5,742 | ₹ 987,624 |
| B-HNI (Min) | 67 | 5,829 | ₹ 1,002,588 |
Western Carriers (India) IPO Date, Allotment & Listing:
| Western Carriers (India) IPO Opening Date: | September 13, 2024 |
| Western Carriers (India) IPO Closing Date: | September 18, 2024 |
| Basis of Allotment: | September 19, 2024 |
| Initiation of Refunds: | September 20, 2024 |
| Credit to Demat Account: | September 20, 2024 |
| Listing Date: | September 23, 2024 |
Western Carriers Limited Financial Information (Restated)
Western Carriers (India) Limited’s revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 754.01 | 604.14 | 490.33 | |||||||||||||||||||||||||||
| Revenue | 1,691.41 | 1,637.84 | 1,475.79 | |||||||||||||||||||||||||||
| Profit After Tax | 80.35 | 71.57 | 61.13 | |||||||||||||||||||||||||||
| Net Worth | 398.36 | 318.61 | 257.58 | |||||||||||||||||||||||||||
| Reserves and Surplus | 359.01 | 279.08 | 157.12 | |||||||||||||||||||||||||||
| Total Borrowing | 266 | 210.47 | 150.4 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 22.41% |
| ROCE | 29.23% |
| Debt/Equity | 0.67 |
| RoNW | 20.17% |
Objects of the Issue (Western Carriers 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:
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
- 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
- General corporate purposes
Western Carriers IPO ALLOTMENT STATUS
How to Apply for Western Carriers IPO?
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How to Apply Western Carriers IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Western Carriers”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Western Carriers IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Western Carriers”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Western Carriers IPO?
Western Carriers (India) IPO is a main-board initial public offering of 28,655,813 Equity shares of the face value of ₹5 aggregating up to ₹492.88 Crores. The issue price of the IPO is ₹163 to ₹172 Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on September 13, 2024 and closes on September 18, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Western Carriers IPO opens on September 13, 2024 and closes on September 18, 2024.
How to apply for Western Carriers (India) IPO?
You can apply in Western Carriers IPO online using either UPI or ASBA as payment method . 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.
When Western Carriers IPO allotment?
The finalization of Basis of Allotment for Western Carriers (India) IPO will be done on September 19, 2024, and the allotted shares will be credited to your demat account by September 20, 2024.
Check the Western Carriers (India) IPO allotment status.
When is Western Carriers IPO listing date?
The Western Carriers IPO listing date is not yet announced. The tentative date of Western Carriers (India) IPO listing is September 23, 2024.
What is the lot size of Western Carriers IPO?
Western Carriers lot size is 87 Shares and the minimum order quantity is 1 Share.