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Issue Open Date
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13-Sep-24
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Issue Closing Date
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19-Sep-24
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Application Money
|
100
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Allotment Money
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Price Band
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163
-
172
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Minimium Application No.
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87
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Issue Size (Shares)
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20868467
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Market Lot
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1
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Objective
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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.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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4490982
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200804700
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44.7128712606731
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Qualified Institutional Buyers
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5898528
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165092679
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27.988792966652
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Retail Individual Investors
|
10478957
|
271956519
|
25.9526324041601
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|
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Business Description
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.
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Promoter's Holding
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Total Share Capital
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78699320
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Offered to Public
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29939877
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Promoter's Holding (Pre-Issue)
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99.99
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Promoter's Holding (Post-Issue)
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Address |
2/6 Sarat Bose Road
2nd Floor
Kolkata,
West Bengal,
700020
Phone : 033-24858519
Email : accounts@westcong.com
Website : www.western-carriers.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
JM Financial Ltd.
Kotak Mahindra Capital Co Ltd
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Promoters |
Kanishka Sethia
Rajendra Sethia
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