The Western Carriers India Ltd IPO GMP is gearing up to raise ₹492.88 crores via its Initial Public Offering (IPO). As a leading 4PL asset-light logistics provider in India, this company specializes in multimodal and rail-focused logistics solutions. The price band for the IPO is set between ₹163 to ₹172 per share, with a minimum lot size of 87 shares. The IPO will open on September 13, 2024, and close on September 18, 2024, presenting investors with an exciting opportunity to invest in one of India’s top logistics companies.
Western Carriers India Ltd IPO GMP Details
The Western Carriers India Ltd IPO GMP comprises two major components:
- Fresh Issue: ₹400 crores
- Offer for Sale (OFS): ₹92.88 crores
The IPO will be listed on both BSE and NSE, with a well-structured allocation:
- Retail Investor Quota: Not more than 35%
- Qualified Institutional Buyers (QIB) Quota: Not more than 50%
- Non-Institutional Investors (NII) Quota: Not more than 15%
This allocation strategy offers investors a clear pathway to participate in the Western Carriers India Ltd IPO GMP.
Important Dates for Western Carriers India Ltd IPO GMP
To stay informed about the Western Carriers India Ltd IPO GMP, here’s a table highlighting key dates:
| Event | Date |
|---|---|
| IPO Opens | September 13, 2024 |
| IPO Closes | September 18, 2024 |
| Basis of Allotment Finalized | September 19, 2024 |
| Refunds Initiated | September 20, 2024 |
| Shares Credited to Demat | September 21, 2024 |
| IPO Listing Date | September 23, 2024 |
Financials of Western Carriers India Ltd IPO GMP
The financial strength of Western Carriers India Ltd showcases its credibility. In FY 2022, the company recorded:
- Revenue: ₹1,475.79 crores
- Profit: ₹61.13 crores
- Total Assets (as of Dec 2022): ₹572.14 crores
These robust financials are crucial for assessing the potential returns of the Western Carriers India Ltd IPO GMP.
Western Carriers India Ltd IPO GMP Grey Market Premium (GMP)
As of September 10, 2024, the Western Carriers India Ltd IPO GMP stands at ₹0. Grey Market Premium (GMP) helps gauge demand before the stock’s official listing, and though currently zero, this may shift as the IPO progresses.
Promoters and Business Model of Western Carriers India Ltd IPO GMP
The promoters of Western Carriers India Ltd IPO GMP are Rajendra Sethia and Kanishka Sethia. With a scalable, asset-light model, the company serves industries such as:
- Metals
- FMCG
- Pharmaceuticals
- Chemicals
- Engineering
- Oil and Gas
- Retail
Top clients include Tata Steel, Hindalco, JSW, Cipla, and Coca-Cola India, making the Western Carriers India Ltd IPO GMP an enticing investment.
Why Invest in Western Carriers India Ltd IPO GMP?
Key Reasons:
- Market Leadership: Largest private, multimodal logistics company in India.
- Strong Financials: In FY 2022, the company reported ₹1,475.79 crores in revenue and ₹61.13 crores in profit.
- Scalable Asset-Light Model: Enables quick growth with minimal capital.
- Diverse Clientele: Serves major industries like FMCG, metals, and pharmaceuticals.
- Industry Growth: The logistics sector is set for significant expansion.
These factors make the Western Carriers India Ltd IPO GMP a compelling choice for investors seeking solid returns.
How to Invest in Western Carriers India Ltd IPO GMP?
To invest in the Western Carriers India Ltd IPO GMP, follow these steps:
- IPO Opens on September 13, 2024 and closes on September 18, 2024.
- The minimum investment is 87 shares per lot.
Ensure you are aware of the IPO timelines to make the most of this investment opportunity.
Conclusion: Why the Western Carriers India Ltd IPO GMP is Worth Your Attention
The Western Carriers India Ltd IPO GMP offers a robust investment opportunity in a well-established logistics company. With an asset-light business model, strong financial performance, and a diverse client base, Western Carriers India Ltd is primed for growth in India’s expanding logistics sector.
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