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Western Carriers

Western Carriers (India) is a private, multi-modal, rail-based, asset-light logistics company, offering comprehensive 4PL services across India. Their scalable and asset-light business model enables them to provide customized, end-to-end 3PL and 4PL logistics solutions. Western Carriers specializes in simplifying complex logistics challenges by designing tailored, single-window, integrated supply chain solutions. These solutions include a wide array of value-added services, covering all aspects of the logistics process.

As of March 31, 2024, the company had a broad client base, serving over 1,647 customers and employing 1,427 permanent staff. They operated out of four zonal offices, more than 50 branch locations, and 16 leased warehouses. Their logistics network includes a fleet of over 400 GPS-enabled heavy vehicles, 100+ pieces of heavy equipment, and more than 500 shipping containers. Western Carriers provides both jumbo rakes, capable of carrying 1,500 to 2,000 metric tons of cargo in one trip, and smaller rakes with 20 wagons, allowing flexibility in cargo transport.

Western Carriers IPO Details

Signature Global IPO Details
Western Carriers IPO Dates
13 – 18 September 2024
Western Carriers Issue Price
INR 163 – 172 per share
Fresh issue
INR 400 crore
Offer For Sale
54,00,000 shares (INR 92.88 crore)
Total IPO Size
INR 492.88 crore
Minimum bid (size)
87 shares (INR 14,964)
Face Value
INR 5 per share
Retail Allocation
35%
Listing On
NSE, BSE

Western Carriers Financial Performance

Signature Global Financial Performance

FY22

FY23

FY24

Revenue

1,470.88

1,633.06

1,685.77

Expenses

1,392.43

1,541.77

1,583.13

Net income

61.13

71.57

80.35

Margin (%)

4.16

4.38

4.77

Figures in INR Crore unless specified otherwise

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