Western Carriers (India) Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹163 - ₹172
- Lot size
- 87 shares
- Issue amount
- ₹492.88 cr
- Total subscription
- 31.92×
- Opens
- 13 Sept 2024
- Closes
- 19 Sept 2024
- Allotment
- 20 Sept 2024
- Listing
- 24 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 2,86,55,813 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,181
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹92.88 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,964
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,86,99,400
- Shares after issue
- 10,19,55,213
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 87 | ₹14,964 |
| sHNI | 14 | 1,218 | ₹2,09,496 |
| bHNI | 67 | 5,829 | ₹10,02,588 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 2,353 | 19,767 |
| HNIs (2-10L) | 1,176 | 64,223 |
| RETAIL | 1,15,282 | 28,44,367 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 98.58 | 2,839.59 |
| RETAIL | 172.51 | 4,714.76 |
| NIB | 73.93 | 3,457.8 |
| HNIs 2+ | 24.64 | 1,405.05 |
| HNIs 10+ | 49.29 | 2,052.75 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.21 | 9.09 | 7.77 |
| ROE | 22.41 | 24.84 | 26.92 |
| ROCE | 29.23 | 29.71 | 33.4 |
| RONW | 20.17 | 22.46 | 23.73 |
| PRE IPO(PE) | 16.85 | 0 | 0 |
| POST IPO(PE) | 21.83 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Western Carriers (India) Limited, established in March 2011, is a rail-focused, asset-light logistics company offering customized multi-modal transportation solutions across road, rail, water, and air. It serves diverse industries like metals, FMCG, pharmaceuticals, chemicals, engineering, oil and gas, and retail, with major clients including Tata Steel, Hindalco, JSW, Vedanta, and Hindustan Unilever. The company also provides international chartering, stevedoring at Indian ports, and coastal cargo movement, specializing in rail-road logistics. Managing supply chains for top metal and resource groups, Western Carriers had over 1,100 customers and 1,350 employees as of December 31, 2022.
Strengths
- Tailored Solutions: Specializes in providing customized logistics services and managing complex projects efficiently.
- Seamless Multi-Modal Transport: Offers end-to-end logistics solutions using road, rail, water, and air transportation for smooth deliveries.
- Trusted by Customers: Builds strong, long-term relationships with a diverse range of clients across multiple industries.
Risk factors
- Reliance on Key Customers: Afcons depends heavily on major clients, especially in the metals and FMCG sectors. If these clients face challenges, it could impact the company’s business.
- Leadership Matters: The company’s success is closely linked to its key leaders. Any changes in leadership could affect its operations and decision-making.
- Managing Growth: Expanding the business and executing plans effectively is crucial. Struggles in these areas could impact operations and financial performance.
Promoters
Rajendra Sethia
Kanishka Sethia
Registrar & documents
Lead manager
Jm Financial Limited, Kotak Mahindra Capital Company
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2/6 Sarat Bose Road, 2nd Floor, Kolkata-700020
+91 33 2485 8519
[email protected]Company website ↗Understanding WCIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.