Western Carriers India Ltd IPO

Western Carrier India IPO: Fresh issue of 2.33Cr shares for ₹400Cr, offer to sell 0.54Cr shares for ₹92.88Cr. Funds for debt repayment,capital expenditure & general purposes.

Important Details

Open Date : September 13, 2024 Close Date : September 18, 2024 Allotment Date: September 19, 2024 Listing Date: September 23, 2024

Important Details

IPO Price: INR 163-172 per share Lot Size: 87 Shares Total Issue Size: INR 492.88 crores

Fundamental Analysis

Western Carriers Indial IPO shows mixed performance: 1. Steady revenue increase. 2. Improved profitability & EPS. 3. Stronger liquidity. 4. Reduced debt reliance.

Peer Comparison.

Western Carriers India Ltd: Strong profitability and liquidity. Container Corporation of India Ltd: Robust performance. Mahindra Logistics: Negative returns. TCI Express: High earnings and solid equity returns

Objective

Western Carriers India Objective: 1. Prepay borrowings. 2. Buy commercial vehicles and containers. 3. Acquire reach stackers. 4. Support logistics growth

Risks And Challenges

Western Carriers India IPO Risks: 1. Reliance on key customers. 2. Logistics infrastructure disruptions. 3. Risks from payment delays/defaults. 4. Impact on cash flows & financial stability.