Western Carriers IPO to open on Sept 13: Price band, lot size and all you need to know

Western Carriers (India) IPO will be open for subscription from September 13 to September 18. The price band has been fixed at ₹163-₹172 per share.

The issue size is expected to be around ₹500 crore.

The fresh issue proceeds will be used to repay debt, fund capital expenditure requirements, and serve general corporate purposes.

Investors can apply for at least of 87 equity shares and in multiples thereof.

Kotak Mahindra Capital Company and JM Financial are the issue's book-running lead managers. The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE.

About Western Carriers

Western Carriers is a leading private, multi-modal, rail-focused, asset-light logistics firm with a customer base of 1,647 across several sectors such as FMCG, metals and mining, pharmaceutical, chemicals, oil and gas, building materials and utilities as of March 2024.

Some of its key customers are Hindalco Industries, Tata Steel, Vedanta, BALCO, Coca-Cola India, HUL, Tata Consumer Products, Cipla, Haldia Petrochemicals, Wagh Bakri, MCPI, BCPL, Gujarat Heavy Chemicals, and DHL.

As of fiscal 2024, the company's revenue from operations stood at ₹1,685 crore and net profit was ₹80 crore.