Western Carriers (India) IPO, Review, IPO Performance by IPOPlatform India

About Western Carriers (India)

Company Information

Western Carriers (India) Limited is the largest private, multi-modal, rail-focused, 4PL asset-light logistics company in India in terms of container volumes in Fiscal 2022. Its domestic and EXIM market share, based on container volumes handled, was 7% and 3%, respectively, in Fiscal 2022 (Source: 1Lattice Report). With five decades of experience in road, rail, and sea/river multi-modal movement for domestic and EXIM cargo in and out of India, accumulated through the combined experience of the company and its promoter, Rajendra Sethia, the company operates on a scalable, asset-light business model. This model allows it to provide differentiated 3PL and 4PL solutions, addressing complexities by creating customized, one-stop/single-window, end-to-end integrated logistics solutions for customers, which involve a variety of value-added services across the supply chain.

Object of Issue

Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
Funding of capital expenditure requirements of their Company towards purchase of
commercial vehicles
0 feet specialised containers and 0 feet normal shipping containers and
reach stackers and
General corporate purposes

Western Carriers (India) MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Sep, 2024

IPO Size :

492.88 Cr.

Market Cap :

1753.63 Cr.

IPO Subscription :

31.69 X

PE Multiple :

21.83

Merchant Banker :
Jm Financial Limited

IPO Registrar:
Link Intime India Private Limited

FAQs

1. What is Western Carriers (India) IPO?

Western Carriers (India) operates in Logistics and Multi-modal, Rail-focused, 4PL Asset-light Logistics Company. The Issue is listed on MainBoard in Sep, 2024. Western Carriers (India) IPO size was 492.88 Cr. with Issue price of 172.00 .

2. Who is the merchant banker of Western Carriers (India) IPO?

Merchant Banker(s) of Western Carriers (India) IPO: Jm Financial Limited , Kotak Mahindra Capital Company Limited

3. How many times Western Carriers (India) IPO was subscribed?

Western Carriers (India) IPO subscription was 31.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Western Carriers (India) IPO?

Western Carriers (India) IPO listed at a listing price of 159.45 against the offer price of 172.00.

5. What is the current market price of Western Carriers (India) IPO?

The current market price of Western Carriers (India) is 111.47.