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The IPO season is going on and many new opportunities are coming for you. Many IPOs are going on at this time and some new IPOs are also going to be launched. Today I am talking about the IPO of Western Carriers India Limited which is opening from today and will run till next week.
IPO Details:
Issue Size: Rs 492 crore
Fresh Issue: Rs 400 crore
Offer for Sale: Rs 92 crore
Company Introduction:
Western Carriers is a logistics company that provides multimodal transportation services, which includes road, rail, water, and air transportation. The company provides its services to various industries such as metal, FMCG, pharmaceuticals, chemicals, and retail sectors.
Financial Status:
Profit: In the last three years, the company’s profit has increased slightly from Rs 61 crore to around Rs 80 crore.
Net worth: Rs 398 crore
Reserves and cash: Rs 360 crore
Assets: Rs 750 crore
Debt: The company has some debt, but overall it is a small market cap company (Rs 150 crore).
IPO highlights:
Price band: ₹1613 to ₹1720 per share
Share lot size: 87 shares
Retail quota: 35%
Anchor investors:
Big investors like Kotak, Aditya Billa, Motilal Oswal, Citi Group have participated in this IPO.
Growth and market trends:
The performance of some companies in the logistics sector has not been good in the last one year. Although the future of Western Carriers is indicating growth in the long term, there is no significant impact on its performance in the short term.
Important Dates:
IPO Opening Date: 13th September 2024
IPO Closing Date: 18th September 2024
Allotment Date: 19th September 2024
Listing Date: 23rd September 2024
Hope this information helps you. If you have any questions or opinions about this IPO, do let us know in the comment section. If you are new to the channel, don’t forget to subscribe and like the video.
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