Suspense Crime Sach Ka Dam
The IPO of Western Carriers (India) Limited, a multi-modal, rail-focused, 4PL asset-light logistics company, has opened for subscription (bidding) from Friday. Bidding for this IPO is open from September 13 to September 18, 2024. A minimum bid of Rs 14,964 will be required to bid for one lot in this IPO. It has one lot of 87 shares. The issue size of Western Carriers IPO is Rs 492.88 crore. The company has fixed a price band of Rs 163-172 for this.
Raised Rs 148 crore from anchor investors
According to the news, Western Carriers (India) Limited has raised Rs 148 crore from anchor investors even before the bidding for this IPO began. According to the exchange filing, the company has allotted 85,96,743 shares to 15 anchor investors at the upper price band of ₹172. Kotak Mahindra, Motilal Oswal, and Aditya Birla Sun were among the participants in the anchor book round. The shares for this IPO have been reserved 15% for non-institutional investors, 35% for retail investors, and 50% for qualified institutional buyers. The registrar for the IPO is Link Intime India Private Limited, while the book-running lead managers are JM Financial Limited and Kotak Mahindra Capital Company Limited.
the financial result of the company
The company has witnessed a steady increase in its revenue from operations and profit after tax (PAT) over the last few years. According to Groww, revenue from operations grew from Rs 1,067.29 crore in FY20 to Rs 1,110.11 crore in FY21 and Rs 1,470.87 crore in FY22, while PAT grew from Rs 35.86 crore in FY20 to Rs 44.53 crore in FY21 and Rs 61.13 crore in FY22.
What do Western Carriers do?
Western Carriers offer end-to-end integrated logistics solutions and provide value-added services across the supply chain. Western Carriers offers solutions and claims to meet the specific needs of its customers, including options such as inventory planning, warehouse planning and management, and cargo and material handling and packaging. The company also offers custom house clearance, pre-shipment inspection, and containerization services.
