Western Carriers (India) Limited is a Kolkata-based, largest logistics company in India. The company offers various services in logistics solutions, including customs house agency, multimodal transportation, road transportation, rail transport, ocean and air freight. It has planned to raise ₹492.88 crore through the public issue. which is going to be open on September 13, 2024 and close on September 18, 2024. The share allotment date is September 19, 2024 and the listing date is September 23, 2024.
Western Carriers (India) IPO is a fresh-issue and book-built issue initial public offering (IPO), with a total issue size of ₹492.88 crore for 2.86 crore shares. Whereas fresh issue is ₹400 crore for 2.32 crore shares, and ₹92.88 crore for 54 lakh shares. The price band of the Western Carriers Limited IPO is set at ₹163 to ₹172 per share and it will be listed on BSE & NSE.
Table of Contents
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Western Carriers (India) Limited IPO.
Western Carriers (India) IPO Details
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹163 to ₹172 per share |
| Lot Size | 87 Shares |
| Total Issue Size | ₹492.88 crore for 2,86,55,813 shares |
| Fresh Issue | ₹400 crore for 2,32,55,813 shares |
| Offer for Sale | ₹92.88 crore for 54,00,000 shares |
| Issue Type | Book Built Issue IPO |
| Overall Subscription | 9.02x |
| Listing At | BSE, NSE |
| QIB Shares | Offered 50% |
| Retail Shares | Offered 35% |
| NII Shares | offered 15% |
Western Carriers (India) IPO Important Dates
The opening date of the Western Carriers (India) IPO is Friday, September 13, 2024 and the closing date is Wednesday, September 18, 2024. The basic allotment date of the IPO is Thursday, September 19, 2024 and the listing date is Monday, September 23, 2024.
All the important dates regarding the Western Carriers (India) Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
Western Carriers IPO GMP Today
The last updated Grey Market Premium (GMP) for the Western Carriers Limited IPO is up to ₹107.
The following table displays the trend of the Western Carriers (India) Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 16, 2024 | ₹163-₹172 | ₹107 |
| September 15, 2024 | ₹163-₹172 | ₹107 |
| September 14, 2024 | ₹163-₹172 | ₹97 |
| September 13, 2024 | ₹163-₹172 | ₹97 |
| September 12, 2024 | ₹163-₹172 | ₹95 |
| September 11, 2024 | ₹163 to ₹172 | ₹97 |
Western Carriers IPO Lot Size
Western Carriers IPO offers a minimum of 87 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 14 lots and a maximum of 66 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,964 |
| Retail (Max) | 13 | 1131 | ₹194,532 |
| S-HNI (Min) | 14 | 1,218 | ₹209,496 |
| S-HNI (Max) | 66 | 5,742 | ₹987,624 |
| B-HNI (Min) | 67 | 5,829 | ₹1,002,588 |
Step by step guide to apply Western Carriers (India) Limited IPO?
Following is the step-by-step guide for applying for Western Carrier IPO:
Net Banking:
- Login to Internet Banking: Access your Internet banking account using your credentials.
- Browse to the IPO Section: Once logged in, go to the ‘Investments’ or ‘IPO’ section.
- Select the “Western Carriers (India) Limited IPO”: Locate and select the Western Carriers IPO from the list of available IPOs.
- Fill out the IPO bid form: Enter the required details, such as your bid quantity, price, CDSL ID, and DP account information.
- Make Payment and Confirm Application: Complete the payment process as per the instructions and submit your application. If the IPO is not allotted to you, you will receive a full refund.
Angel One:
Here’s a step-by-step guide for applying to the Western Carriers Limited IPO using the Angel One app:
- Install the Angel One app:
- Click here to Download the Angel One app from the App Store (for iOS) or Google Play Store (for Android).
- Install and open the app on your device.
- Create an Account: or Log In to Your Account:
- Open the Angel One app.
- Tap on “Sign Up” or “Create Account.” After creating your account, log in using your username and password.
- Navigate to the IPOs section:
- Once logged in, look for the “IPOs” option on the main dashboard or menu.
- Select Western Carriers (India) Limited and then click on “Apply Now.”
- Choose the lot size you want to apply for.
- Enter your UPI ID, where the payment for the IPO will be processed.
- Click on “Apply for IPO.”
- Review your application details and click on “Apply for IPO” for the last step confirmation.
By following these steps, you will have successfully applied for the Western Carriers (India) Limited IPO through the Angel One app.
About Western Carriers (India) Limited
Western Carriers (India) Limited is a Kolkata-based, largest logistics company in India. The company offers various services in logistics solutions, including customs house agency, multimodal transportation, road transportation, rail transport, ocean freight, and air freight. The company was established in India in March 2011, and now it owns more than 70 branches in India. It has over 30 years of experience in logistics and supply chain management.
Western Carriers (India) Limited Financial Reports
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | Change | Change % |
|---|---|---|---|---|
| Total Assets | ₹754.01 crore | ₹604.14 crore | +₹149.87 crore | +24.80% |
| Revenue | ₹1,691.41 crore | ₹1,637.84 crore | +₹53.57 crore | +3.27% |
| Profit After Tax (PAT) | ₹80.35 crore | ₹71.57 crore | +₹8.78 crore | +12.27% |
| Total Borrowing | ₹266.00 crore | ₹210.47 crore | +₹55.53 crore | +26.39% |
| Return on Assets (ROA) | 10.65% | 11.84% | -1.19% | -10.06% |
| Debt-to-Assets Ratio | 35.28% | 34.83% | +0.45% | +1.29% |
| Revenue Growth Rate | N/A | N/A | +₹53.57 crore | +3.27% |
| Net Profit Margin | 4.75% | 4.37% | +0.38% | +8.69% |
Western Carriers (India) Limited Contact Details
2/6 Sarat Bose Road
2nd Floor, Kolkata, PIN-700020
Phone: +91-3324858519
Email: [email protected]
FAQs
1. What is the GMP price of the Western Carriers (India) Limited IPO?
The current GMP price of the Western Carriers Limited IPO is ₹107.
2. On which exchange will the Western Carriers IPO be listed?
Western Carriers IPO shares are to be listed on the BSE and NSE.
3. When is the allotment date for the Western Carriers (India) Ltd. IPO?
The allotment date of the Western Carriers Limited IPO is September 19, 2024.
4. What are the opening and closing dates of the Western Carriers IPO?
Western Carriers IPO will open on September 13, 2024 & close on September 18, 2024.
5. When is the listing date for the Western Carriers (India) Limited IPO?
Western Carriers (India) Limited IPO’s listing date is September 23, 2024.
6. What is Western Carriers (India) IPO?
Western Carriers (India) Limited is a book-built issue IPO that opens on September 13, 2024, and closes on September 18, 2024. It will be listed on September 23, 2024, at BSE and NSE.
7. How to apply for Western Carriers IPO?
You can easily apply for Western Carriers IPO with your Demat account & Internet banking.
Conclusion
Western Carriers (India) Limited is experienced company in logistics and supply chain management. In FY2024 the company reported financial information show a strong position for this IPO.
To get more information and regular updates on the Western Carriers Limited IPO, keep in touch with The Invest Advisory.