Western Carriers (India) Limited IPO

Western Carriers (India) Limited IPO opens on  September 13, 2024, and closes on September 18, 2024. The allotment for the Western Carriers (India) Limited IPO is anticipated to be completed on  Thursday, September 19, 2024. The IPO will be tentatively listed on the NSE and BSE on Monday, September 23, 2024.

Western Carriers (India) Limited IPO’s price band is Rs 163 to Rs 172 per share. The IPO is a book-built issue of  Rs 492.88 crores. The issue is a combination of a fresh issue of 2.33 crore shares.

Western Carriers (India) IPO Details

Western Carriers (India) IPO Lot Size

Investors can bid for a minimum of 87 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Western Carriers (India) IPO Objectives

The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue less the Offer expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilized in the following manner:

1. Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company;
2. General corporate purpose

About Western Carriers (India) Limited

Incorporated in March 2011, Western Carriers (India) Limited is a multi-modal, rail-focused 4PL logistics company offering customizable solutions across road, rail, water, and air transport. Specializing in sectors like metals, FMCG, pharmaceuticals, and chemicals, the company serves major clients including Tata Steel, Hindalco, and Cipla. Western Carriers excels in integrating rail with road movements through its asset-light model and provide chartering, stevedoring, and coastal cargo services. As of December 31, 2022, it boasts over 1,100 customers and employs 1,350 people across various departments.

Western Carriers (India) Limited Financial Information

Western Carriers (India) IPO Reservation

Western Carriers (India) IPO Timeline

Western Carriers (India) IPO opens on September 13, 2024, and closes on September 18, 2024.