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Western Carriers (India) Limited
Issue Size (Net)
up to Rs.492.88 Cr
Price Band
Rs.163 to Rs.172 per share
Issue Opens
September 13, 2024
Issue Closes
September 18, 2024

Company Highlights

1.Company Information

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.

2. Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
2.Funding of capital expenditure requirements of our Company towards purchase of: commercial vehicles;
40 feet specialised containers and 20 feet normal shipping containers; and reach stackers;

3. Western Carriers (India) IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: westerncarriers.ipo@linkintime.co.in

Website:https://linkintime.co.in/initial_offer/public-issues.html

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
754.01
1,691.41
80.35
398.36
359.01
266
31-Mar-23
604.14
1,637.84
71.57
318.61
279.08
210.47
31-Mar-22
490.33
1,475.79
61.13
257.58
157.12
150.4
Amount in Rs. Crore

Western Carriers (India) IPO Details

Issue Opening Date
September 13, 2024
Issue Closing Date
September 18, 2024
Face Value
Rs.5 per share
Price
Rs.163 to Rs.172 per share
Lot Size
87 Shares
Issue Size
28,655,813 shares (aggregating up to Rs.492.88 Cr)
Fresh Issue
23,255,813 shares (aggregating up to Rs.400.00 Cr)
Offer for Sale
5,400,000 shares of Rs.5 (aggregating up to Rs.92.88 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Western Carriers (India) IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Friday, September 13, 2024
Closing 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
Cut-off time for UPI mandate confirmation
5 PM on September 18, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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