Western Carriers India IPO Details
Issue Date
--
Price Range
₹163 - ₹172
Lot Size
87
IPO Size
₹492.88 Cr
Western Carriers India IPO Listing Details
Listing On
24 Sep'24
Issue Price
₹172
Listed Price
₹ 171
Retail Gain/Listing Gain
▼-0.58%
Schedule of Western Carriers India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
24/09/2024
Western Carriers India Company Background
Western Carriers is the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes handled/operated in FY23
The company provides a customised one stop/single window, end-to-end and integrated logistics solutions by road, rail and sea / river or via multiple modes for domestic as well as EXIM cargo arriving in and departing from India
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Western Carriers India Competitive Strengths
Experience in delivering customised, end-to-end services
Western Carriers is one of the few players in the Indian logistics industry that can deliver cost-efficient, time bound and customised services.
They provide large container movement, logistics and long-haul deliveries, vendor-coordination across the supply chain along with value-added services such as product packaging, cargo handling, customs clearance, pre-shipment inspection, containerization, in-plant logistics, just in time inventory management and warehouse planning (Source: 1Lattice Report)
Comprehensive and integrated multi-modal, end-to-end logistics solutions
The company’s multi-modal logistics solutions, which includes road, railway, water and air logistics services, minimises the loss of time, risk of loss, pilferage, and damage to cargo at trans-shipment points, reduces multiple layers of documentation and procedures, and helps reduce costs. The company also provides chartering services to overseas destinations, stevedoring services at Indian ports and coastal movement of cargo within India
Strong customer relationships with a diverse customer base
As of March 31, 2024, the company served a diverse base of 1,647 customers in diverse industries such as metals and mining, FMCG, pharmaceuticals, chemicals, oil and gas, utilities and others (which includes building material, textile, power, electrical equipment and retail). In addition, their revenue from top 10 customers in FY24, 23 and 22 was 71.97%, 67.15%, and 71.80% respectively.
Risk Factors
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The company depends on a few key customers for a majority of their revenues, which exposes them to a high risk of customer concentration. Any decrease in revenues from these customers can hurt the business.
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Several factors like congestion in road/rail/sea/air routes, poor logistics infrastructure, natural calamities or government regulations can hurt the business.
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The company needs significant working capital to run their business. Any inability to meet their working capital requirements can hurt the business.
Key Strategies
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Grow relationships with our existing customers
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Acquire new customers and expand into new sectors and new geographies
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Continued focus on improving margins
Western Carriers India Limited Key Financials
Here are the key financials for Western Carriers (India) Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for Western Carriers (India) Ltd IPO?
Here are the steps to apply for Western Carriers (India) Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Western Carriers India IPO FAQs
The Western Carriers India IPO opens for subscription from [-] to [-], with a total issue size of ₹492.88 Cr. The IPO price band is ₹163 to ₹172 per share with a lot size of 87. The company aims to list the shares on BSE & NSE on 24-09-2024.
The Western Carriers India IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Western Carriers India IPO is 87 equity shares, requiring a minimum investment of ₹14964 for retail investors applying in the IPO.
The price band of the Western Carriers India IPO has been fixed at ₹163 to ₹172 per equity share.
You can apply for the Western Carriers India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Western Carriers India IPO allotment will take place on [-].
You can check the Western Carriers India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Western Carriers India shares will list on the stock exchanges on 24-09-2024.
You can find detailed information about the Western Carriers India IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The Western Carriers (India) Limited IPO has an issue size of ₹492.88 crores. The IPO opens for subscription on 13/09/2024 and closes on 18/09/2024.
Link Intime India Private Limited is the registrar for this IPO.
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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