Western Carriers (India) Limited IPO
Western Carriers (India) Limited IPO
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Having completed its public offering, Western Carriers (India) Limited's is now listed and trading on the NSE, BSE exchange as of 24-09-2024. The IPO raised cumulative capital of 2,86,55,813 Shares, including 2,32,55,813 Shares in primary capital infusion and ₹92.88 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹163 to ₹172 and minimum investment requirement of 87 shares. subscription activity between 13-09-2024 and 19-09-2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 20-09-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Western Carriers IPO About Company
Western Carriers (India) Limited, established in March 2011, is a rail-focused, asset-light logistics company offering customized multi-modal transportation solutions across road, rail, water, and air. It serves diverse industries like metals, FMCG, pharmaceuticals, chemicals, engineering, oil and gas, and retail, with major clients including Tata Steel, Hindalco, JSW, Vedanta, and Hindustan Unilever. The company also provides international chartering, stevedoring at Indian ports, and coastal cargo movement, specializing in rail-road logistics. Managing supply chains for top metal and resource groups, Western Carriers had over 1,100 customers and 1,350 employees as of December 31, 2022.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Western Carriers IPO Strength Factors
- Tailored Solutions: Specializes in providing customized logistics services and managing complex projects efficiently.
- Seamless Multi-Modal Transport: Offers end-to-end logistics solutions using road, rail, water, and air transportation for smooth deliveries.
- Trusted by Customers: Builds strong, long-term relationships with a diverse range of clients across multiple industries.
Western Carriers IPO Risk Factors
- Reliance on Key Customers: Afcons depends heavily on major clients, especially in the metals and FMCG sectors. If these clients face challenges, it could impact the company’s business.
- Leadership Matters: The company’s success is closely linked to its key leaders. Any changes in leadership could affect its operations and decision-making.
- Managing Growth: Expanding the business and executing plans effectively is crucial. Struggles in these areas could impact operations and financial performance.
Western Carriers IPO Lead Manager(s)
- Jm Financial Limited
- Kotak Mahindra Capital Company
Western Carriers IPO Promoter(s)
- Rajendra Sethia
- Kanishka Sethia
Western Carriers IPO FAQs
Western Carriers (India) Limited IPO subscribed 31.92 times. The public issue subscribed 27.33 times in the retail category,28.81times in QIB, and 41.65 times in the HNI (10+) category byNovember 20, 2025 7:20:09 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Western Carriers IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Western Carriers IPO FAQs
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