Western Carriers (India) IPO
Western Carriers (India) IPO is listed on BSE and NSE, priced at ₹163–₹172 per share. The stock debuted at ₹171. The IPO had a lot size of ₹87 shares and a minimum investment of ₹14,964.
Western Carriers (India) Limited IPO
- IPO Dates
- Sep 13, 2024 – Sep 19, 2024
- Price band
- ₹163-172 per equity share
- Minimum Investment
- ₹14,964
- Issue size
- ₹492.88 Cr
- Lot size
- 87
- Allotment Date
- Sep 20, 2024
- Listing
- Sep 24, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 13, 2024
Open Date
Completed
-
Sep 19, 2024
Close Date
Completed
-
Sep 20, 2024
Allotment Date
Completed
-
Sep 24, 2024
Listing Date
Completed
Price Summary
- Last closing
- 99.20 (-42.33%)
- 52 week high
- 147.29
- 52 week low
- 77.02
- Last update
Western Carriers (India) IPO Essentials
Western Carriers (India) IPO Details
Western Carriers (India) IPO is priced at ₹163-172 per share with a total issue size of 492.88 crore. The IPO has a lot size of 87 shares and is listed on BSE and NSE.
- Issue price
- ₹163-172 per equity share
- Lot size
- 87 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Total ₹492.88 Cr :
#Fresh Issue : 23,255,813 shares(aggregating up to ₹400.00 Cr) +
#OFS : 5,400,000 shares of ₹5(aggregating up to ₹92.88 Cr) - Total issue size
- 2,86,55,813 shares
(aggregating up to ₹492.88 crore) - Fresh issue
- 2,32,55,813 shares
(aggregating up to ₹400 crore) - Offer for sale (OFS)
- 54,00,000 shares
(aggregating up to ₹92.88 crore) - Listing at
- BSE, NSE
- List price
- 171.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Jm Financial Limited, Kotak Mahindra Capital Company Limited
Market Lot Size
Investors can bid for a minimum of 87 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 87 | ₹14,964 |
| Retail(max) | 13 | 1,131 | ₹1,94,532 |
Western Carriers (India) IPO Reservation
Western Carriers (India) IPO reservation details show category-wise allocation of shares. Out of the total 2,86,55,813 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 85,96,743 (30%) | |
| QIB Shares Offered | 57,31,163 (20%) | |
| NII (HNI) Shares Offered | 42,98,372 (15%) | |
| bHNI > ₹10L | 28,65,581 (10%) | 2,352 |
| sHNI < ₹10L | 14,32,791 (5%) | 1,176 |
| Retail Shares Offered | 1,00,29,535 (35%) | 1,15,282 |
| Total Shares Offered | 2,86,55,813 (100%) |
Western Carriers (India) IPO Analytics
Western Carriers (India) IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Western Carriers (India) IPO Subscription Status
Western Carriers (India) IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,731,163 |
4,298,372
2,865,581
1,432,791
|
10,029,535 | 20,059,070 |
|
Day 1
13-09-24 05:00 PM
|
0.00 x |
0.38x
0.25x
0.62x
|
1.40 x | 0.78 x |
|
Day 2
16-09-24 05:00 PM
|
0.03 x |
5.35x
4.23x
7.57x
|
7.31 x | 4.83 x |
|
Day 3
17-09-24 05:00 PM
|
0.09 x |
12.74x
10.22x
17.80x
|
13.27 x | 9.43 x |
|
Day 4
18-09-24 05:00 PM
|
0.14 x |
20.93x
17.22x
28.35x
|
18.61 x | 13.89 x |
|
Day 5
19-09-24 05:00 PM
|
27.99 x |
44.58x
39.86x
54.00x
|
25.43 x | 30.28 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 28,59,078 (Approx) | Retail:24.67x BHNI:8.40x SHNI:53.0x | ||
Western Carriers (India) Valuations
Earnings
- EPS Pre IPO
- ₹10.21/-
- EPS Post IPO
- ₹7.88/-
- P/E Pre IPO
- 16.85
- P/E Post IPO
- 21.83
Returns
- ROE
- 22.41%
- ROCE
- 29.23%
- RoNW
- 20.17%
Fundamentals
- Debt / Equity
- 0.67
- Price / Book
- 3.40
Western Carriers (India) Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-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 & Surplus | 359.01 | 279.08 | 157.12 |
| Total Borrowing | 266.00 | 210.47 | 150.4 |
Western Carriers (India) Company & Offer Insights
About Western Carriers (India)
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
Western Carriers (India) Promoter(s)
Rajendra Sethia, Kanishka Sethia are the company's promoters of Western Carriers (India).
Western Carriers (India) IPO Issue Objectives
- •
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
- •
- Funding of capital expenditure requirements of our Company towards purchase of:commercial vehicles,40 feet specialised containers and 20 feet normal shipping containers; andreach stackers
- •
- General corporate purposes
Western Carriers (India) IPO - Anchor Investors
Western Carriers IPO: Firm garners ₹148 crore from anchor investors.
Aditya Birla Sun Life Insurance Company, Kotak Mahindra Life Insurance Company, Motilal Oswal Mutual Fund (MF), Kotak MF, Aditya Birla Sun Life MF, Nippon India MF, BNP Paribas, Societe Generale and Citigroup Global Markets Mauritius are among the anchor investors.
Western Carriers (India) IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Western Carriers (India) Limited | 7.77 | 7.77 | 50.62 | N/A | 20.17 | N/A | Consolidated |
| Container Corporation Of India Ltd. | 17.27 | 17.27 | 193.87 | 47.73 | 10.42 | 5 | Consolidated |
| Mahindra Logistics Ltd | 5.16 | 5.14 | 69.99 | -62.93 | -10.33 | 6.93 | Consolidated |
| TCI Express Limited | 33.48 | 33.45 | 183.57 | 32.48 | 18.71 | 6.08 | Consolidated |
Notes:
- Basic/Diluted EPS refers to the Basic/Diluted EPS sourced from the financial statements of the respective peer group companies for the Financial Year ended March 31, 2024.
- NAV per equity share refers to total equity attributable to the equity shareholders as of the end of the Financial Year divided by the number of Equity Shares outstanding at the end of the year.
- The P/E ratio for the peer group has been computed based on the closing market price of equity shares on BSE as of September 4, 2024, divided by the Diluted EPS for the Financial Year ended March 31, 2024.
- RoNW is calculated as profit after tax attributable to the company's equity shareholders divided by Net Worth attributable to the company's equity shareholders.
- The net worth attributable to the company's owners is the total value of the paid-up share capital, reserves, and securities premium account minus accumulated losses, deferred expenditure, and miscellaneous expenditures not written off.
Western Carriers (India) IPO - Strengths and Risks
Western Carriers (India) IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Western Carriers (India)
+91 33 2485 8519
2/6 Sarat Bose Road, 2nd Floor, Kolkata-700020
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Western Carriers (India) IPO is a book-built IPO worth ₹492.88 crore. The price band is ₹163–₹172 per share. The IPO opens on Sep 13, 2024 and closes on Sep 19, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Western Carriers (India) IPO is ₹163 to ₹172 per share.
The lot size of Western Carriers (India) IPO is 87 shares.
The minimum investment for Western Carriers (India) IPO is approximately ₹14,964 based on the upper price band .
Western Carriers (India) IPO opens on Sep 13, 2024 and closes on Sep 19, 2024.
The allotment date of Western Carriers (India) IPO is Sep 20, 2024.
Western Carriers (India) IPO is expected to be listed on Sep 24, 2024, on BSE and NSE .
Western Carriers (India) IPO listed on Sep 24, 2024. It was issued at ₹171.0(NSE) and is currently around ₹99.20 as on 15-May-2026 3:30 PM, which is approximately -42.3% versus issue price. The 52-week high is ₹147.29.
Based on listing and post-listing performance, Western Carriers (India) IPO delivered around -42.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Western Carriers (India) IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Western Carriers (India) IPO valuation snapshot: P/E 21.83, EPS ₹7.88/-, P/B 3.40, RoNW 20.17%, and market cap N/A.
To apply for Western Carriers (India) IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Western Carriers (India) IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Western Carriers (India) IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Western Carriers (India) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Western Carriers (India) IPO allotment status on IPO Ji for quick and easy access.