Western Carriers (India) Limited

Company Profile
Company Name Western Carriers (India) Limited
Open Date 13-09-2024
Close Date 18-09-2024
Exchange BSE, NSE
Lot Size 87 Shares
Issue Price ₹163 to ₹172 per share
Issue Size 28,655,813 shares
Application Amount ₹ 14,964 – ₹ 1,94,532 (87 to 1,131 shares)
Recommendation Apply

Western Carriers (India) Limited was originally formed and incorporated on March 23, 2011. The registered office is located at Kolkata, West Bengal. The company 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 had 1,427 permanent employees as of March 31, 2024.

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Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24
Revenue 1,470.88 1,633.06 1,685.77
EBITDA 103.98 121.69 146.07
Net Profit 61.14 71.58 80.23
RoCE 32.62% 29.39% 29.05%
ROE 23.75% 22.48% 20.14%
P/E 22.14 18.92 16.85

Tentative Timeline

Opening Date 13/09/2024
Closing Date 18-09-2024
Basis of Allotment 19-09-2024
Initiation of Refunds 20-09-2024
Credit of Shares to Demat 20-09-2024
Listing Date 23-09-2024

Objects of the Issue

Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
Funding of capital expenditure requirements of the Company towards purchase of (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers
General Corporate Purposes

Contact Information

Registered Office Western Carriers (India) Limited 2/6 Sarat Bose Road 2nd Floor, Kolkata-700020
Phone +91 33 2485 8519
Email investors@westcong.com
Website http://www.western-carriers.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email westerncarriers.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 71.89%

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