Western Carriers Share Price Live Update at 3:35 pm: Western Carriers shares declined 6.7% to settle at ₹159.4 a unit on the NSE after listing at a 0.5% discount.
Western Carriers Share Price Live Update at 2:57 pm: Price information
- Current price: ₹160.9 (-5.9%)
- Issue price: ₹172
- Open: ₹171
- High: ₹177
- Low: ₹160.6
Western Carriers Share Price Live Update at 1:48 pm: How will the company use IPO proceeds?
The money raised from the fresh issue will be used to prepay debt, purchase equipment and for general corporate purposes.
Western Carriers Share Price Live Update at 1:04 pm: The stock was trading at ₹164, down by 4% from the listing price.
Western Carriers Share Price Live Update at 12:26 pm: The market capitalisation of Western Carriers stands at ₹1,669.92 crore as the stock falls 4.2%.
Western Carriers Share Price Live Update at 11:47 am: Western Carriers shares were down 4.6% to ₹163 a unit on the National Stock Exchange.
Western Carriers Share Price Live Update at 11:23 am: Trading stats
- Stock price: ₹164.3 (-3.8%)
- Traded volume (Lakhs): 119.4
- Traded value: ₹204.5 crore
- Total market capitalisation: ₹1,689.4 crore
Western Carriers Share Price Live Update at 11:01 am: Price information
- Current price: ₹167.3 (-2.1%)
- Issue price: ₹172
- Open: ₹171
- High: ₹177
- Low: ₹164.3
Western Carriers Share Price Live Update at 10:27 am: Western Carriers shares further declined 0.27% after listing at 0.5% discount on the NSE.
Western Carriers Share Price Live Update at 10:11 am: Shares of logistics firm
Western Carriers gained 0.7% to ₹172.2 a unit on the NSE after debuting at a discount of 0.5% on the National Stock Exchange (NSE).
Western Carriers Share Price Live Update at 10:01 am: Western Carriers shares are listed at ₹171 apiece on the National Stock Exchange at a discount of 0.5% to the issue price of ₹172. It opened at ₹170, down 1.1%, on the BSE.
Western Carriers Share Price Live Update at 9:46 am: Western Carriers shares listed at ₹170 a unit on the BSE at a discount of 1.16% to the issue price of ₹172.
Western Carriers IPO Listing Live Update at 9:32 am: What was Western Carriers' CAGR growth in revenue and profit between FY22 and FY24?
The logistics company's CAGR (Compound annual growth rate) rose 4% in its revenue from operations and 9% in its profit between FY22 and FY24.
Western Carriers IPO Listing Live Update at 9:20 am: Financials
| Particulars | FY22 | FY23 | FY24 |
|---|
| Revenue | ₹1,470 crore | ₹1,633 crore | ₹1,685 crore |
| Net Profit | ₹61.1 crore | ₹71.5 crore | ₹80.3 crore |
Western Carriers IPO Listing Live Update at 9:05 am: Shares of logistics company Western Carriers (India) Ltd will be listed on the NSE and the BSE at 10 am on Tuesday.
Western Carriers IPO Listing LIVE: Western Carriers (India) Ltd shares will debut on the National Stock Exchange (NSE) and the BSE on Tuesday, September 24.
The initial share sale garnered 30.46 times the
subscription during the three-day bidding period, led by non-institutional investors who placed bids for 44.67 times the reserved quota for them. The qualified institutional buyers (QIBs) category was subscribed 27.99 times, and the retail investors portion received 25.77 times the subscription. The
allotment status was finalised on Friday, September 20.
The ₹492.88 crore IPO, which had a price range of ₹163 to ₹172 per share, was a combination of a fresh issue of ₹400 crore and an offer-for-sale (OFS) component of up to 54 lakh shares valued at ₹93 crore.
Proceeds from the IPO will be used for debt payment, funding capital expenditure requirements and serving general corporate purposes.
Western Carriers Share Price: About the company
Western Carriers is a multimodal, rail-focused, asset-light logistics firm. It has a customer base of, 1,647 across sectors like metals and mining, chemicals, FMCG, oil and gas, pharmaceutical, utilities and building materials.
Some of its key customers are Vedanta, BALCO, Tata Steel, Hindalco Industries, Tata Consumer Products, HUL, Coca-Cola India, Wagh Bakri, Haldia Petrochemicals, Cipla, and Gujarat Heavy Chemicals.
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