Western Carriers (India) Limited (MAINBOARD)
Sep 13, 2024 - Sep 19, 2024
| Price | ₹163 - ₹172 |
| Premium | ₹16 |
|---|---|
| Lot size | 87 |
| Allotment | Sep 20, 2024 |
| Listing | Sep 24, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 87 | 14964 | 115282 |
| sHNI | 14 | 1218 | 209496 | 1176 |
| bHNI | 67 | 5829 | 1002588 | 2353 |
Last updated on 19-Sep-2024 19:59:11
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 5731164 | 165092679 | 28.81 |
| HNIs | 4298372 | 201034989 | 46.77 |
| HNIs 10+ | 2865581 | 119345817 | 41.65 |
| HNIs 2+ | 1432791 | 81689172 | 57.01 |
| Retail | 10029535 | 274113771 | 27.33 |
| Total | 20059071 | 640241439 | 31.92 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2353 | 19767 | 8.4 |
| HNIs (2-10L) | 1176 | 64223 | 54.61 |
| Retail | 115282 | 2844367 | 24.67 |
| Total Applications: 2928357 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 98.58 | 2839.59 | 28.81 |
| FIIs | - | 1528.03 | - |
| DIIs | - | 817.9 | - |
| Mutual funds | - | 254.57 | - |
| Others | - | 104.09 | - |
| HNIs | 73.93 | 3457.8 | 46.77 |
| HNIs 10+ | 49.29 | 2052.75 | 41.65 |
| HNIs 2+ | 24.64 | 1405.05 | 57.01 |
| Retail | 172.51 | 4714.76 | 27.33 |
| Total | 345.02 | 11012.15 | 31.92 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹6.65 | @8% ₹7.6 | @9% ₹8.55 | @10% ₹9.5 | @11% ₹10.45 | @12% ₹11.4 |
Western Carriers (India) IPO Details
| Total Issue Size | [28,655,813] shares (aggregating up to ₹[492.88 ] Cr) |
| Fresh Issue | [23,255,813] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 5400000 shares of ₹5 (aggregating up to ₹[92.88] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 78,699,400 |
| Share holding post issue | 101,955,213 |
Western Carriers (India) IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 22.41% | 24.84% | 26.92% |
| ROCE | 29.23% | 29.71% | 33.40% |
| RONW | 20.17% | 22.46% | 23.73% |
| EPS (Diluted) | 10.21 | 9.09 | 7.77 |
| P/E Pre IPO | 16.85 | ||
| P/E Post IPO | 21.83 |
Financial Statement (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 754.01 | 604.14 | 490.33 |
| Revenue | 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 | 210.47 | 150.4 |
| Amount in Crore | |||
About Company
Incorporated in March 2011, Western Carriers (India) Limited is a multi-modal, rail-focused, 4PL asset-light logistics company providing fully customizable logistics solutions across road, rail, water, and air transportation, along with value-added services. The company caters to various sectors, including metals, FMCG, pharmaceuticals, chemicals, engineering, oil and gas, and retail. Their prominent clientele includes Tata Steel, Hindalco, JSW, BALCO, Vedanta, Hindustan Unilever, Coca Cola India, Cipla, Haldia Petrochemicals, and many others. Western Carriers also offers international chartering services, stevedoring at Indian ports, and coastal cargo movements within India, specializing in rail-road combinations through its asset-light model. The company manages supply chains for leading metal and resource groups and, as of December 31, 2022, served over 1,100 customers, employing 1,350 people across various departments.
Kotak Mahindra Capital Company Limited
Customized End-to-End Solutions: Expertise in delivering tailored logistics services and executing complex projects.
Comprehensive Multi-Modal Capabilities: Offers integrated logistics solutions across road, rail, water, and air transportation.
Strong Customer Relationships: Maintains a diverse and loyal customer base across various industries.
Customer Dependency: Heavy reliance on key customers, especially in the metals and FMCG sectors, poses risks if their performance declines.
Dependence on Leadership: The company's success is highly tied to its promoters and key management personnel, and losing them could impact operations.
Growth Management: Challenges in managing growth or executing business plans could adversely affect operations and financial performance.
Phone: +91-22-4918 6270
Email: westerncarriers.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html