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| Name | Western Carriers IPO | Western Carriers India IPO Review | Western Carriers India IPO GMP #ipo |
| Video Uploader | Video From CA Abhay Varn |
| Upload Date | This Video Uploaded At 13-09-2024 19:31:17 |
| Video Discription | WESTERN CARRIERS (INDIA) is the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes handled/operated by private players in Fiscal 2023. They have several years of experience in road, rail and sea / river multi-modal movement for domestic as well as EXIM cargo in and out of India. Western Carriers (India), an Book Built Issue amounting to ₹492.88 Crores, consisting an Fresh Issue of 232.55 Lakh Shares worth ₹400.00 Crores and an Offer for Sale of 54 Lakh Shares totalling to ₹92.88 Crores. The subscription period for the Western Carriers (India) IPO opens on September 13, 2024, and closes on September 18, 2024. The allotment is expected to be finalized on or about Thursday, September 19, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, September 23, 2024. The Share price of Western Carriers (India) IPO is set at ₹163 to ₹172 equity per share, with a minimum lot size of 87 shares. Retail investors are required to invest a minimum of ₹14,964, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,218 shares), amounting to ₹209,496. Kotak Mahindra Capital Company Limited and JM Financial Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. Western Carriers (India) Limited IPO GMP Today The Grey Market Premium of Western Carriers (India) Limited IPO is expected in the range of ₹ 95 to ₹ 105 based on the financial performance and subscription status of the company. Western Carriers (India) Limited IPO Live Subscription Status Today: Real-Time Updates As of 06:05 PM on 13 September 2024, the Western Carriers (India) Limited IPO live subscription status shows that the IPO subscribed 0.79 times on its first day of subscription period. Check the Western Carriers (India) Limited IPO Live Subscription Status Today at BSE. Western Carriers (India) Limited IPO Anchor Investors Report Western Carriers (India) has raised ₹147.86 Crore from Anchor Investors at a price of ₹172 per shares in consultation of the Book Running Lead Managers. The company allocated 85,96,743 equity shares to the Anchor Investors. Lock-in period for 50% shares allotted to Anchor Investors ends on October 19, 2024 (30 Days) and Lock-in-period for the Rest 50% ends of 18 December (90 Days). Check Full list of Western Carriers (India) Anchor Investors List Western Carriers (India) Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online Western Carriers (India) IPO allotment date is 19 September, 2024, Thursday. Western Carriers (India) IPO Allotment will be out on 19th September 2024 and will be live on Registrar Website from the allotment date. Objectives of Western Carriers (India) Limited IPO Western Carriers (India) Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 1. ₹1,635.00 Millions is required for Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company; 2. ₹1,517.10 Millions is required for Funding of capital expenditure requirements of our Company towards purchase of: (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers; and 3. General corporate purposes The Company's Promoter, Rajendra Sethia, established his logistics business as a rail-focused logistics business in 1972, which was later acquired by the Company in 2013. Over the last 50 years, the business has continued to evolve to provide end-to-end, customised, multi-modal logistics solutions across the supply chain integrating road, railway, water and air logistics along with a customised suite of value-added services. Financially, Western Carriers (India) revenue increased from ₹14,757.89 Millions in FY22 to ₹16,378.40 Millions in FY23 and currently at ₹16,914.10 Millions in FY24. Similarly, EBITDA increased from from ₹1,088.87 Millions in FY22 to ₹1,264.49 Millions in FY23 and currently at ₹1,518.24 Millions in FY24. The PAT increased from ₹611.29 Millions in FY22 to ₹715.65 Millions in FY23 and currently at ₹803.47 Millions in FY24. This indicates a steady financial performance. For the Western Carriers (India) IPO, the company is issuing shares at a pre-issue EPS of ₹10.21 and a post-issue EPS of ₹7.88. The pre-issue P/E ratio is 16.84x, while the post-issue P/E ratio is 21.82x against Industry P/E ratio is 32.51x. The company's ROCE for FY24 is 29.23% and ROE for FY24 is 22.41%. These metrics suggest that the IPO is fairly priced. The Grey Market Premium (GMP) of Western Carriers showing potential listing gains of 55% - 60%. Given the company's financial performance and the valuation of the IPO, we recommend only Risky Investors to Apply to the Western Carriers (India) Limited IPO for Listing gain or long term investment purposes. |
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