WESTERN CARRIERS INDIA LIMITED

13 Sep 2024 - 19 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14964

Price Band

₹163-₹172

Issue Size

208.68 lakhs
Equity Shares

Lot Size

87

IPO Dates
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13 Sep 2024

Open Date

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19 Sep 2024

Close Date

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20 Sep 2024

Allotment Date

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24 Sep 2024

Listing Date

Western Carriers IPO is open for subscription starting Friday, Sep 13, 2024 and closing on Wednesday, Sep 18, 2024. The price of this upcoming IPO is decided at Rs 163 to Rs 172 per share.  The minimum lot size for the retail category is 87 shares. The minimum lot size for small NII is 14 lots consisting of 1218 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 5,829 shares.  The minimum investment required for retail category investors is Rs 14,880 (480 x 31 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,496 (172 x 1218 shares) for big non-institutional investors, it is Rs 10,02,588 (172 x 5,829 shares).  Western Carriers IPO is a book-built issue of Rs 492.88 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2.33 crore equity shares amounting to Rs 400 crores. The offer-for-sale is of 0.54 crore equity shares amounting to Rs 92.88 crores.  The allotment for this IPO is expected to be finalised on Thursday, September 19, 2024.  Western Carriers Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Monday, September 23, 2024.  Jm Financial Limited, Kotak Mahindra Capital Company Limited is the book-running lead manager of Western Carriers Limited. Link Intime India Private Limited is the registrar for this new IPO.

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About Western Carriers India Limited

Western Carriers was incorporated in March 2011, 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.  The company provides chartering services to overseas destinations, stevedoring services at Indian ports, and coastal movement of cargo within India. They specialise in combining rail with road movements through an asset-light business model. The company manages and handles the supply chain for increased imports, exports, and production levels for a leading metals and resource group company. As per the latest information available, Western Carriers has served over 1100 customers and has a team of 1350 employees.

Founded

2011

Managing Director

Rajendra Sethia and Kanishka Sethia

Parent Organization

IPO Objectives

The net proceeds from this IPO will be used for the repayment and prepayment of the borrowings taken in the past by the company. The remaining funds will be allocated for the expenditure in the commercial vehicles, 40 feet specialised containers and 20 feet normal shipping containers and reach stackers.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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