Western Carriers (India) Limited
Western Carriers (India) IPO is a book built issue of ₹492.88 Cr (4,92,87,99,836). The issue is a combination of fresh issue of 2.33 Cr (2,32,55,813) shares aggregating to ₹400.00 Cr (3,99,99,99,836) and offer for sale of 54.00 Lakh (54,00,000) shares aggregating to ₹92.88 Cr (92,88,00,000).
Western Carriers (India) IPO bidding started from Sep 13, 2024 and ended on Sep 18, 2024. The allotment for Western Carriers (India) IPO was finalized on Sep 19, 2024. The shares got listed on BSE on Sep 23, 2024.
Western Carriers (India) IPO price band is set at ₹163 to ₹172 per share. The minimum lot size for an application is 87 Shares. The minimum amount of investment required by retail investors is ₹14,181.
Refer to Western Carriers (India) IPO RHP for detailed information.
IPO date
Sep 13,2024 - Sep 18,2024
Listing Date
Sep 23,2024
Face value
₹5
Price Band
₹163 to ₹172 per share
Lot
₹87 Shares
Total Issue Size
2.87 Cr (2,86,55,813)
aggregating up to ₹492.88 Cr (4,92,87,99,836)
Fresh Issue
2.33 Cr (2,32,55,813)
aggregating up to ₹400.00 Cr (3,99,99,99,836)
Offer for sale
54.00 Lakh (54,00,000)
aggregating up to ₹92.88 Cr (92,88,00,000)
Issue Type
Book Building
IPO Type
Listing At
BSE
Fri, Sep 13, 2024
IPO Open
Wed, Sep 18, 2024
IPO Close
Thu, Sep 19, 2024
Basis of Allotment
Fri, Sep 20, 2024
Initiation of Refunds
Fri, Sep 20, 2024
Credit of Shares to Demat
Mon, Sep 23, 2024
Listing
Western Carriers (India) IPO last GMP is ₹10, last updated Sep 22,2024. With the price band of 172.00, Western Carriers (India) IPO 's estimated listing price is ₹182 (cap price + today's GMP).The expected percentage gain/loss per share is 5.81%.
Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
---|---|---|---|---|
22-Sep-24 | 172.00 | 10 | 182(5.81%) | 22-Sep-2024 15:27 |
21-Sep-24 | 172.00 | 10 | 182(5.81%) | 21-Sep-2024 23:25 |
20-Sep-24 | 172.00 | 20 | 192(11.63%) | 20-Sep-2024 23:31 |
19-Sep-24 | 172.00 | 20 | 192(11.63%) | 19-Sep-2024 23:31 |
18-Sep-24 | 172.00 | 50 | 222(29.07%) | 18-Sep-2024 23:32 |
17-Sep-24 | 172.00 | 50 | 222(29.07%) | 17-Sep-2024 23:24 |
16-Sep-24 | 172.00 | 56 | 228(32.56%) | 16-Sep-2024 23:32 |
15-Sep-24 | 172.00 | 57 | 229(33.14%) | 15-Sep-2024 23:29 |
14-Sep-24 | 172.00 | 57 | 229(33.14%) | 14-Sep-2024 23:25 |
13-Sep-24 | 172.00 | 57 | 229(33.14%) | 13-Sep-2024 23:32 |
12-Sep-24 | 172.00 | 0 | 172(0.00%) | 12-Sep-2024 23:32 |
11-Sep-24 | 172.00 | 0 | 172(0.00%) | 11-Sep-2024 23:30 |
10-Sep-24 | 172.00 | 0 | 172(0.00%) | 10-Sep-2024 23:30 |
09-Sep-24 | 0 | (0.00%) | 9-Sep-2024 06:03 | |
08-Sep-24 | 0 | (0.00%) | 8-Sep-2024 06:04 | |
07-Sep-24 | 0 | (0.00%) | 7-Sep-2024 06:04 | |
06-Sep-24 | 0 | (0.00%) | 6-Sep-2024 06:03 | |
05-Sep-24 | 0 | (0.00%) | 5-Sep-2024 06:04 | |
04-Sep-24 | 0 | (0.00%) | 4-Sep-2024 14:32 |
Application | Lots | Shares | Amount |
---|---|---|---|
Retail(Min) | 1 | 87 | ₹14,964 |
Retail(Max) | 1 | 87 | ₹14,964 |
HNI(Min) | 2 | 174 | ₹29,928 |
Incorporated in March 2011, 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.
The company offers sectors such as metals, fast-moving consumer goods (“FMCG”), pharmaceuticals, chemicals, engineering, oil and gas and retail. The company's clientele includes Tata Steel Limited (“Tata Steel”), Hindalco Industries Limited (“Hindalco”), Jindal Stainless Limited (“JSL”), JSW Steel Coated Products Limited (“JSW”), Bharat Aluminium Company Limited(“BALCO”)and Vedanta Limited(“Vedanta”), Hindustan Unilever Limited (“HUL”), Hindustan Coca Cola Beverages Private Limited (“Coca Cola India”), Tata Consumer Products Limited (“Tata Consumer”), Gujarat Tea Processors and Packers Limited (“Wagh Bakri”) and CG Foods India Private Limited (“CG Foods”), Cipla Limited (“Cipla”), Materials Chemicals and Performance Intermediaries Private Limited (“MCPI”) (formerly, MCC PTA India Corp. Private Limited, a subsidiary of Mitsubishi Chemical Corporation), Haldia Petrochemicals Limited (“Haldia”) and Gujarat Heavy Chemicals Limited(“GHCL”)Oil and Gas Brahmaputra Cracker and Polymer Limited(“BCPL”)Utilities and others*Sheela Foam Limited(“Sleepwell”)and DHL Logistics Private Limited.
The company provides chartering services to overseas destinations, stevedoring services at Indian ports, and coastal movement of cargo within India. They specialize 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 of December 31, 2022, the company served a d over 1,100 customers.
As of December 31, 2022, the company had 1,350 employees in various departments.
Western Carriers (India) Limited
2/6 Sarat Bose Road
2nd Floor,
Kolkata-700020
Phone: +91 33 2485 8519
Email: [email protected]
Website: https://western-carriers.com/
Promoters of the company and Rajendra Sethia and Kanishka Sethia.