
✓
Open
13 Sep 2024
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Close
19 Sep 2024
3
Allotment
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Listing
Tue, Sep 24, 2024
Price Band
₹163 to ₹172
Issue Size
2,86,55,813 shares (agg. up to ₹493 Cr)
Lot Size
87 Shares
Listing Date
Tue, Sep 24, 2024
Latest GMP
₹16
Est. Gain
9.3%
✦ AI Insight
GMP Trend
24-09-2024₹16Est. ₹188+9.3%
23-09-2024₹16Est. ₹188+9.3%
22-09-2024₹10Est. ₹182+5.81%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 22.51x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 754.01 | 604.14 | 490.33 |
| Total Income | 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 | 266.00 | 210.47 | 150.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Deccan Transcon Leasing Ltd. | SME | ₹65.06 Cr | ₹108 | 15.72 | ₹110.25 | +2.08% | ₹20.80 (-0.95%) |
| Rapid Multimodal Logistics Ltd. | SME | ₹8.49 Cr | ₹84 | 13.12 | ₹108.10 | +28.69% | ₹132.50 (+0.38%) |
| Brace Port Logistics Ltd. | SME | ₹24.41 Cr | ₹80 | 13.49 | ₹159.60 | +99.50% | ₹61.50 (+2.41%) |
| Afcom Holdings Ltd. | SME | ₹73.83 Cr | ₹108 | 14.33 | ₹215.45 | +99.49% | ₹1,389.15 (-1.68%) |
| Ashapura Logistics Ltd. | SME | ₹52.66 Cr | ₹144 | 11.54 | ₹175.75 | +22.05% | ₹53.75 (-3.15%) |
| Premier Roadlines Ltd. | SME | ₹40.36 Cr | ₹67 | 15.7 | ₹91.35 | +36.34% | ₹46.25 (+0.54%) |
| GConnect Logitech & Supply Chain Ltd. | SME | ₹5.60 Cr | ₹40 | 1.5 | ₹44.10 | +10.25% | ₹10.00 (+0.00%) |
| Sahara Maritime Ltd. | SME | ₹6.88 Cr | ₹81 | 15.03 | ₹81.16 | +0.20% | ₹22.00 (-2.22%) |
| S J Logistics (India) Ltd. | SME | ₹48.00 Cr | ₹125 | 14.14 | ₹183.75 | +47.00% | ₹336.65 (+1.25%) |
| Marinetrans India Ltd. | SME | ₹10.92 Cr | ₹26 | 14.53 | ₹31.00 | +19.23% | ₹14.15 (+4.81%) |
| Committed Cargo Care Ltd. | SME | ₹24.95 Cr | ₹77 | 10.94 | ₹86.10 | +11.82% | ₹330.00 (-2.37%) |
| Oneclick Logistics India Ltd. | SME | ₹9.91 Cr | ₹99 | 0.51 | ₹133.00 | +34.34% | ₹430.00 (+1.42%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company | 163.50 |
| 2 | 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; and | 151.71 |
| 3 | General corporate purposes | 47.73 |
About Western Carriers IPO
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 (“Hald
Contact Details
Western Carriers (India) Ltd. Address2/6 Sarat Bose Road2nd FloorKolkata, West Bengal, 700020+91 33 2485 8519investors@westcong.comVisit Website