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Western Carriers IPO IPO

Mainline13 Sep 202419 Sep 2024
Open
13 Sep 2024
Close
19 Sep 2024
3
Allotment
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

24-09-202416Est. ₹188+9.3%
23-09-202416Est. ₹188+9.3%
22-09-202410Est. ₹182+5.81%

Live Subscription

CategorySubscription (times)
Total22.51x

Restated Financials (₹ Cr.)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets754.01604.14490.33
Total Income1,691.411,637.841,475.79
Profit After Tax80.3571.5761.13
NET Worth398.36318.61257.58
Reserves and Surplus359.01279.08157.12
Total Borrowing266.00210.47150.40
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Deccan Transcon Leasing Ltd.SME₹65.06 Cr₹10815.72₹110.25+2.08%₹20.80 (-0.95%)
Rapid Multimodal Logistics Ltd.SME₹8.49 Cr₹8413.12₹108.10+28.69%₹132.50 (+0.38%)
Brace Port Logistics Ltd.SME₹24.41 Cr₹8013.49₹159.60+99.50%₹61.50 (+2.41%)
Afcom Holdings Ltd.SME₹73.83 Cr₹10814.33₹215.45+99.49%₹1,389.15 (-1.68%)
Ashapura Logistics Ltd.SME₹52.66 Cr₹14411.54₹175.75+22.05%₹53.75 (-3.15%)
Premier Roadlines Ltd.SME₹40.36 Cr₹6715.7₹91.35+36.34%₹46.25 (+0.54%)
GConnect Logitech & Supply Chain Ltd.SME₹5.60 Cr₹401.5₹44.10+10.25%₹10.00 (+0.00%)
Sahara Maritime Ltd.SME₹6.88 Cr₹8115.03₹81.16+0.20%₹22.00 (-2.22%)
S J Logistics (India) Ltd.SME₹48.00 Cr₹12514.14₹183.75+47.00%₹336.65 (+1.25%)
Marinetrans India Ltd.SME₹10.92 Cr₹2614.53₹31.00+19.23%₹14.15 (+4.81%)
Committed Cargo Care Ltd.SME₹24.95 Cr₹7710.94₹86.10+11.82%₹330.00 (-2.37%)
Oneclick Logistics India Ltd.SME₹9.91 Cr₹990.51₹133.00+34.34%₹430.00 (+1.42%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company163.50
2Funding 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; and151.71
3General corporate purposes47.73

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