Western Carriers (India) Limited is set to launch its Initial Public Offering (IPO) on September 13, 2024. The company is a leading logistics and transportation services provider in India.
Key Details:
- Issue Type: Book-built Issue
- Issue Size: ₹492.88 crores
- Price Band: ₹163-₹172 per share
- Issue Open Date: September 13, 2024
- Issue Close Date: September 18, 2024
- Expected Listing Date: September 23, 2024
- Lead Managers: Axis Capital Limited, ICICI Securities Limited
- Registrar: Link Intime India Private Limited
Timeline
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 18 , 2024 |
| Basis of Allotment: | September 19, 2024 |
| Refunds: | September 20, 2024 |
| Credit to Demat Account: | September 20, 2024 |
| IPO Listing Date: | September 23, 2024 |
About Company
Western Carriers (India) Limited is a leading logistics and transportation services provider in India. The company offers a wide range of services, including road transportation, air freight, sea freight, and warehousing.
Core Business:
- Logistics and Transportation: Western Carriers provides comprehensive logistics and transportation solutions to businesses across various industries.
- Supply Chain Management: The company offers supply chain management services, including planning, execution, and control of the flow of goods.
Market Position:
- Western Carriers has a strong presence in the Indian logistics and transportation market.
- The company has a reputation for reliability, efficiency, and customer satisfaction.
- Western Carriers has a network of offices and warehouses across India to cater to the needs of its clients.
Future Outlook:
- The Indian logistics and transportation industry is expected to grow, driven by increasing e-commerce and industrialization.
- Western Carriers aims to expand its services, improve efficiency, and explore new market opportunities.
- The company may also invest in technology to enhance its operations and customer experience.
Here are some resources to learn more about company
Objective
The primary objectives of the Western Carriers (India) Limited IPO are:
- Raising Capital: The company aims to raise ₹492.88 crores through the IPO, which will be used for:
- Expansion: Funding the expansion of the company’s fleet and infrastructure.
- Working Capital: Meeting the day-to-day operational expenses of the business.
- General Corporate Purposes: Supporting other growth initiatives and strategic investments.
- Brand Visibility: The IPO will increase the visibility of Western Carriers (India) among investors and the general public, enhancing its brand recognition and credibility.
- Part Exit for Existing Shareholders: The IPO includes an Offer for Sale (OFS) component, allowing existing shareholders to partially exit their investment.
POSITIVE
- Growing Market: The Indian logistics and transportation industry is expected to grow, driven by increasing e-commerce and industrialization.
- Established Player: Western Carriers has a strong presence in the market with a focus on reliability and customer satisfaction.
- Diverse Service Offerings: The company provides a range of logistics and transportation services to cater to different customer needs.
NEGATIVE
- Competition: The logistics and transportation industry is highly competitive, with both organized and unorganized players.
- Fuel Costs: Fluctuations in fuel prices can impact profitability.
- Regulatory Changes: Changes in government regulations related to transportation or logistics can affect the industry.
Financial Review of Western Carriers (India) Limited
So, How Does Western Carriers India IPO Fare in Terms of Financials ?
| Period Ended | Assets | Revenue | PAT | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2024 | 754.01 | 1,691.41 | 80.35 | 398.36 | 359.01 | 266.21 |
| 31 Mar 2023 | 604.14 | 1,637.84 | 71.57 | 318.61 | 279.08 | 150.40 |
| 31 Mar 2022 | 490.33 | 1,475.79 | 61.13 | 257.58 | 157.12 | 103.47 |
Key Observations:
- Revenue Growth: The company has consistently increased its revenue over the past three years, indicating strong growth and market penetration.
- Profitability: Profit after tax (PAT) has also grown steadily, suggesting improved operational efficiency and cost management.
- Asset Growth: The company has invested in assets, as evidenced by the increase in total assets over the three years.
- Net Worth and Reserves: A healthy increase in net worth and reserves suggests a strong financial position.
- Debt: Total borrowing has increased, but it remains at a manageable level.
Western Carriers India IPO Valuation :
| KPI | Values |
|---|---|
| ROE | 22.41% |
| ROCE | 29.23% |
| Debt/Equity | 0.67 |
| RoNW | 20.17% |
Western Carriers India IPO – SWOT Analysis
Strengths
- Established Player: Western Carriers is a well-established player in the Indian logistics and transportation industry.
- Diverse Service Offerings: The company provides a range of services, catering to various customer needs.
- Strong Network: A well-established network of offices and warehouses across India.
- Focus on Customer Satisfaction: The company emphasizes reliability and customer service.
Weaknesses
- Competition: The logistics and transportation industry is highly competitive, with both organized and unorganized players.
- Fuel Costs: Fluctuations in fuel prices can impact profitability.
- Regulatory Changes: Changes in government regulations related to transportation or logistics can affect the industry.
Opportunities
- Growing Market: The Indian logistics and transportation industry is expected to grow, driven by increasing e-commerce and industrialization.
- Technological Advancements: Leveraging technology for improved efficiency and customer experience.
- Expanding Services: Exploring new services or markets, such as cold chain logistics or international transportation.
Threats
- Economic Downturns: A slowdown in the economy can impact demand for logistics and transportation services.
- Competition from New Entrants: New players entering the market can increase competition.
- Regulatory Challenges: Stricter regulations or compliance requirements can increase operational costs.
COMPETITIVE ANALYSIS: MARKET PEERS
P N Gadgil Jewellers Limited operates in a highly competitive jewellery market in India. Understanding its key competitors is essential for assessing the company’s market position and growth potential.
Key Competitors
- Delhivery: A leading logistics and transportation company with a strong presence in e-commerce delivery.
- Blue Dart Express: A subsidiary of FedEx, offering domestic and international express delivery services.
- Xpressbees: A technology-driven logistics company focusing on e-commerce shipments.T
- ransport Corporation of India (TCI): A large logistics and transportation company with a diverse range of services.
Western Carriers India IPO GMP
- Grey market premium as on 19-09-2024 = ₹ 35 / Share
Disclaimer:
- IPO Grey Market Premium (Western Carriers India IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.
Western Carriers India IPO
🔴 Live Subscription Status 🔴
19/09/2024 5:00 PM
| | NO OF SHARES OFFERED | Day 1 | Day 2 | Day 3 | Day 4 |
| Qualified Institutional Buyers(QIBs) | 57,31,163 | 0.00 | 0.03 | 0.14 | 27.99 |
| Non Institutional Investors(NIIs) | 42,98,372 | 0.40 | 5.62 | 20.92 | 44.58 |
| Retail Individual Investors(RIIs) | 1,00,29,535 | 1.54 | 7.84 | 18.60 | 25.43 |
| Employees | – | – | – | – | – |
| Total | 2,00,59,070 | 0.85 | 5.13 | 13.88 | 30.27 |
FINAL TAKEAWAY
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