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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Western Carriers (India) Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹172
Per ShareLot Size
87 Shares
Minimum Investment
₹14,964
Issue Size
₹492.88 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Issue Type
Book Building
ISIN
INE0CJF01024
Western Carriers (India) Limited is the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes handled by private players in Fiscal 2023. Its domestic and EXIM market share, based upon container volumes handled, was 6% and 2%, respectively, in Fiscal 2023. The Company possesses expertise in facilitating multi-modal transportation across roads, railways, and waterways, catering to both domestic as well as EXIM cargo movements in and out of India. The Company endeavours to address complexities by creating customised, one-stop/single-window, end-to-end and integrated logistics solutions for its customers.
Logistics sector is a core enabler for the development of India to reach the government's vision of achieving a U.S.$5 trillion economy by the year 2025. Robust expansion led by an increase in public infrastructure spending through policies such as the NLP, the DFCs, Gati Shakti Master Plan (aims to reduce logistics costs to 7% to 8% of GDP). Demand drivers include surging domestic manufacturing and consumption, rise in MSMEs demand supported by Government initiatives such as `Aatmanirbhar Bharat' and ake in India' and an increasing adoption of integrated fulfilment services and digitised supply chains.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 28,655,813 equity shares of face value of Rs. 5 each ("Equity Shares") of Western Carriers (India) Limited (The "Company" or the "Issuer") for cash at a price of Rs. 172 per equity share (including a premium of Rs. 167 per equity share) (the "Offer Price") aggregating up to Rs. 492.88 crores (the "Offer") comprising a fresh issue of 23,255,813 equity shares by the company aggregating up to Rs. 400.00 crores (the "Fresh Issue") and an offer for sale of up to 5,400,000 equity shares aggregating to Rs. 92.88 crores (the "Offer for Sale") by Rajendra Sethia (the "Promoter Selling Shareholder" and such equity shares offered by the promoter selling shareholder, the "Offered Shares"). The offer shall constitute 28.11% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs.5 each and the offer price is 34.40 times the face value of the equity shares. The Offer Price is Rs. 172 per equity share of face value of Rs. 5 each. Bid cane be made for a minimum of 87 equity shares and in multiples of 87 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Western Carriers (India) Limited was incorporated as `Western Carriers (India) Private Limited' in Kolkata, West Bengal as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 23, 2011, issued by the Deputy Registrar of Companies, West Bengal. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on February 11, 2013 and consequently, the name of the Company was changed to its present name, `Western Carriers (India) Limited', and a fresh certificate of incorporation dated February 28, 2013 was issued by the Registrar of Companies, West Bengal at Kolkata ("RoC") to the Company. Rajendra Sethia, the Promoter Selling Shareholder, transferred his business carried under the name and style `Western Carriers' to the Company on a going concern basis with effect from July 1, 2013.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.