Western Carriers (India) Ltd. IPO: Key Details

We are the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes in Fiscal 2022. Our domestic and EXIM market share, based upon container volumes handled, was 7% and 3%, respectively, in Fiscal 2022 (Source: 1Lattice Report). Through the combined experience of our Company and our Promoter, Rajendra Sethia, we have five decades of experience in road, rail and sea / river multi-modal movement for domestic as well as EXIM cargo in and out of India. The metrics set out below reflect the scale and growth of our operations.

Western Carriers (India) Ltd. IPO Details

IPO Date September 13, 2024 to September 19, 2024
Listing Date September 24 2024
Face Value ₹5 per share
Price Band ₹163 to ₹172 per share
Lot Size 87 Shares
Total Issue Size 20868467 Shares
Issue Type Book building
Listing At NSE  BSE 
Share holding pre issue 78699320
Share holding post issue -

Western Carriers (India) Ltd. IPO Promoter Holding

The promoter of the company is Rajendra Sethia, Kanishka Sethia,

Share Holding Pre Issue 99.99%
Share Holding Post Issue

Western Carriers (India) Ltd. IPO Objectives

1. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company;2. 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; and3. General corporate purposes.

Western Carriers (India) Ltd. IPO Prospectus

Western Carriers (India) Ltd. Lead Managers

  • JM Financial Ltd.
  • Kotak Mahindra Capital Co Ltd

Western Carriers (India) Ltd. IPO Contact Information

  • Sapna Kochar
  • Phone: +91 33 2485 8519
  • Email: investors@westcong.com

Western Carriers (India) Ltd. IPO Registrar

  • Name: MUFG Intime India Pvt Ltd.
  • Phone: ++91 810 811 8484
  • Email: helpdesk@linkintime.co.in