Western Carriers IPO - Issue Details, Outlook, Financials, Peer Comparison, Strengths, Risks & More: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Research Report.Western Carriers India Ltd. launched its initial public offering today and will conclude on Sept. 18. The Kolkata-based multi-modal, rail-focused, 4PL asset-light logistics company has set the price band in the range of Rs 163-172 per share. The minimum order lot for bidding is 66.The Rs 492.9 crore IPO consists of a fresh issue of Rs 400 crore and an offer for sale of shares worth Rs 92.9 crore..Object of the issueRepayment or pre-payment of borrowingsFunding of capital expenditure requirementsGeneral corporate purposes..Outlook and Valuation: Western Carriers India a leading private rail-focused 4PL logistics provider, is strategically positioned to capitalise on the expanding Indian logistics market. Operating under an asset-light model, the company delivers multi-modal logistics solutions across road, rail, water, and air transport, serving a diverse client base. With a solid financial track record, Western Carriers has achieved a 7% CAGR in revenue and an 18% CAGR in Ebitda from FY22 to FY24, underscoring its operational efficiency and profitability. The company also has reported an return on equity and return on capital employed of 22% and 29% respectively in FY24. The company’s strengths lie in its extensive pan-India network, strong client relationships, and alignment with key government initiatives like PM Gati Shakti. Currently valued at an adjusted PE ratio of 22 times, which is below the industry average, Western Carriers presents an favorable valuation. Considering its strong growth prospects and strategic positioning, we recommend a “Subscribe” rating for the IPO..Click on the attachment to read the full IPO report:.Western Carriers IPO - Issue Details, Financials, Growth Strategies, Risks, Valuation And More: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Western Carriers IPO - Issue Details, Outlook, Financials, Peer Comparison, Strengths, Risks & More: DRChoksey

The Rs 492.9 crore IPO opened today and the company has set the price band in the range of Rs 163-172 per share.

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Western Carriers IPO - Issue Details, Outlook, Financials, Peer Comparison, Strengths, Risks & More: DRChoksey

The Rs 492.9 crore IPO opened today and the company has set the price band in the range of Rs 163-172 per share.

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