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₹ 14964
₹163- ₹172
87
₹171
-1
19 Sep 2024
Download23 Sep 2024
24 Sep 2024
Application Details
The Western Carriers (India) IPO is scheduled to open on September 13, 2024, and will close on September 18, 2024. The company is offering shares with a face value of ₹5 each, priced in a range of ₹163 to ₹172 per share. Investors can participate in the IPO with a minimum lot size of 87 shares. The total issue size is 28,655,813 shares, aggregating up to ₹492.88 crore, which includes a fresh issue of 23,255,813 shares worth ₹400.00 crore and an offer for sale of 5,400,000 shares totaling ₹92.88 crore. This IPO follows a book-built issue process and will be listed on both BSE and NSE.
The timetable for the Western Carriers (India) IPO includes several key dates: the IPO will open on Friday, September 13, 2024, and close on Wednesday, September 18, 2024. The basis of allotment will be finalized on Thursday, September 19, 2024, with refunds initiated on Friday, September 20, 2024, and shares credited to demat accounts the same day. The listing is expected on Monday, September 23, 2024. For retail investors, the minimum application is for one lot of 87 shares, amounting to ₹14,964, while the maximum application is for 13 lots, or 1,131 shares, totaling ₹1,94,532.
About Western Carriers (India) Limited
Company Overview
Incorporated in March 2011, Western Carriers (India) Limited is a leading multi-modal, rail-focused, 4PL asset-light logistics company based in India. The company specializes in providing fully customizable, multi-modal logistics solutions encompassing road, rail, water, and air transportation, along with a tailored range of value-added services. Operating on a scalable, asset-light model, Western Carriers (India) Limited offers a wide variety of services, including single-window logistics, multimodal transportation, rail and road transport, cargo handling, customs house agency, ocean and air freight, and warehousing.
Services and Operations
Western Carriers (India) Limited provides comprehensive logistics services that include chartering services to overseas destinations, stevedoring services at Indian ports, and the coastal movement of cargo within India. The company combines rail and road movements through its asset-light business model and specializes in managing and handling the supply chain for increased imports, exports, and production levels for leading companies in the metals and resource sectors.
The company holds custom house agency licenses in its own name at major ports in India and is active at ports like Jawaharlal Nehru Port Trust, Vizag Port Trust, and Gangavaram Port. Western Carriers is one of the largest platinum business associates of CONCOR in terms of railway twenty-foot equivalent units (TEUs), contributing approximately 6% of domestic railway TEUs and 4% of export-import market railway TEUs to CONCOR in FY2024.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.