Western Carriers (India) Limited IPO
Company Overview Incorporated in March 2011, Western Carriers (India) Limited is a multi-modal, rail-focused, fourth-party logistics (4PL) company with an asset-light business model. The company provides fully customizable logistics solutions across road, rail, water, and air transportation, along with a range of value-added services. Specializing in supply chain management, Western Carriers handles increased import, export, and production demands, particularly for a major metals and resource conglomerate.
Industry Sectors
Western Carriers serves a diverse range of sectors, including:
Metals
FMCG
Pharmaceuticals
Chemicals
Engineering
Oil and Gas
Retail
Clientele
The company boasts a prominent client list, including Tata Steel, Hindalco, Jindal Stainless, JSW Steel, Vedanta, Hindustan Unilever, Coca-Cola India, and Cipla, among others.
Logistics Services
Western Carriers offers a comprehensive suite of logistics services, including:
Chartering and stevedoring services
Coastal cargo movement
A specialized combination of rail and road transportation, utilizing an asset-light model
IPO Objectives
The primary objectives of the IPO are to:
Repay outstanding borrowings
Fund capital expenditure projects
Support general corporate purposes
Western Carriers ( India ) Limited: Key IPO Details
IPO Dates: 13 to 19 September, 2024
Price Band: ₹163 to ₹172 per share
Lot Size: 87 shares
Total Issue Size: ₹492.88 crores
Retail Quota: 35%
GMP: 12% (For informational purposes only)
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