Western Carriers IPO – Western Carriers (India) is a private multi-modal rail-based 4PL asset-light logistics company in India. The company operates on a scalable, asset-light business model that allows us to deliver value-added, end-to-end 3PL and 4PL solutions. The company seeks to resolve such complexities by engineering tailor-made, one-stop/single-window, end-to-end, and integrated logistics solutions, that encompass a range of supply chain-related value-added services for its customers.
Business has since adapted to provide end-to-end, bespoke, multi-modal logistics solutions through the supply chain combining road, rail, water, and air logistics with a customized suite of value-added services. As of 31 December 2022, the company served a diverse base of over 1,100 customers and employed 1,350 permanent staff members.
As of 31 December 2022, the company maintained four zonal offices, over 50 branch offices, and 15 warehouses, all on leased premises. On the same date, Western Carriers (India) boasted a fleet of over 400 GPS-enabled heavy commercial vehicles, more than 100 pieces of heavy equipment, and over 400 shipping containers. They offer customers jumbo rakes, capable of transporting 1,500-2,000 metric tons of cargo in a single trip, as well as mini rakes with 20 wagons.
Western Carriers (India) IPO Details
| Western Carriers IPO Dates | Coming soon |
| Western Carriers Issue Price | Coming soon |
| Fresh issue | INR 500 crore |
| Offer For Sale | 93,28,995 shares |
| Total IPO size | Coming soon |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Western Carriers (India) IPO open date is 2024 and the IPO will close on 2024. Western Carriers (India) IPO is a Book Built Issue. The company to raise around ₹[.] crores via IPO that comprises fresh issue of ₹500 crores and offer for sale up to 9,328,995 equity shares with face value of ₹5 each.
Western Carriers (India) IPO price band is ₹[.] per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Western Carriers (India) IPO to list on BSE, NSE on 2024. The allotment of Western Carriers (India) IPO date is 2024.
The company reported revenue of ₹1,475.79 crores in 2022 against ₹1,113.9 crore in 2021. The company reported profit of ₹61.13 crores in 2022 against profit of ₹44.53 crores in 2021. As per the financials the IPO investors should apply the IPO for a long term.
Western Carriers Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 1,067.3 | 1,110.1 | 1,470.9 | 1,206.9 |
| Expenses | 1,021.4 | 1,053.9 | 1,392.4 | 1,136.6 |
| Net income | 35.9 | 44.5 | 61.1 | 55.1 |
| Margin (%) | 3.36 | 6.98 | 13.95 | 15.06 |
