31 Mar 2022
Assets490.33
Total Income1,475.79
Profit After Tax61.13
NET Worth257.58
Reserves and Surplus157.12
Total Borrowing150.40
At a glance
Updated 2026-08-24Western Carriers (India) is a Mainboard IPO with an issue size of ₹492.88 crore, proposed for listing on BSE, NSE. The offer opens on 13th Sep 2024 and closes on 19th Sep 2024. The issue structure includes a fresh issue of ₹400.00 crore and an offer-for-sale component of ₹92.88 crore. The current listing schedule points to 24th Sep 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹492.88 Cr
Fresh issue₹400.00 Cr
Offer for sale₹92.88 Cr
Face value₹5
Price band₹163.00–₹172.00
Allotment20th Sep 2024
Listing24th Sep 2024
Grey market
GMP page ↗Latest GMP₹16.00
GMP / upper price9.30%
Est. listing₹188.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens13th Sep 2024
Closes19th Sep 2024
Allotment20th Sep 2024
Refund23rd Sep 2024
Demat23rd Sep 2024
Listing24th Sep 2024
Subscription demand
Full bidding ↗Total31.69×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 87 | ₹14,964 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company | ₹163.50 Cr |
| Funding of capital expenditure requirements of the Company towards purchase of: (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers; and | ₹151.71 Cr |
| General corporate purposes | ₹47.73 Cr |
Financials
Full financials ↗31 Mar 2023
Assets604.14
Total Income1,637.84
Profit After Tax71.57
NET Worth318.61
Reserves and Surplus279.08
Total Borrowing210.47
31 Mar 2024
Assets754.01
Total Income1,691.41
Profit After Tax80.35
NET Worth398.36
Reserves and Surplus359.01
Total Borrowing266.00
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 22.41% |
| ROCE | 29.23% |
| Debt / Equity | 0.67% |
| RoNW | 20.17% |
| PAT Margin | 4.77% |
| Price to Book Value | 3.4 |
Valuation & shareholding
Pre-IPO EPS10.21
Post-IPO EPS7.88
Pre-IPO P/E16.85
Post-IPO P/E21.83
Promoter holding pre99.99%
Promoter holding post71.89%
Market cap₹1753.63 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission as applicable) | ₹23.60 Cr |
| Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs(2)(3) | — |
| Brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs(4)(5)(6) | ₹1.86 Cr |
| Fees payable to the Registrar to the Offer | ₹0.44 Cr |
| Other Expenses: (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹4.66 Cr |
| (ii) Fees payable to the Depositories | ₹0.06 Cr |
| (iii) Printing and stationery expenses | ₹1.27 Cr |
| (iv) Advertising and marketing expenses | ₹3.02 Cr |
| (v) Fees payable to Monitoring Agency | ₹0.24 Cr |
| (vi) Fees payable to legal counsels | ₹5.90 Cr |
| (vii) Fees payable to the auditors and independent chartered accountant | ₹0.89 Cr |
| (viii) Fees payable to the industry service provider | ₹0.47 Cr |
| (ix) Miscellaneous | ₹3.24 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.