Western Carriers (India) fixes IPO price band at ₹163-172

About Western Carriers (India)

Western Carriers (India) is a leading provider of integrated multimodal logistics services in India. The company offers a wide range of services, including domestic and international freight forwarding, customs clearance, project logistics, warehousing, and distribution. Western Carriers has a strong presence in India, with a network of over 150 offices and warehouses. The company also has a presence in overseas markets, with offices in Dubai, Singapore, and Hong Kong.

The IPO

Western Carriers (India) is planning to raise ₹1,000 crore through an initial public offering (IPO). The company has fixed the price band for the IPO at ₹163-172 per share. The IPO will open on December 14, 2023, and close on December 16, 2023. The proceeds from the IPO will be used to expand the company's operations, including the purchase of new vehicles and equipment, the construction of new warehouses, and the development of new IT systems. The company also plans to use the proceeds to repay debt and for general corporate purposes.

Analysts' Views

Analysts are positive on the Western Carriers (India) IPO. They believe that the company is well-positioned to benefit from the growing demand for logistics services in India. The company's strong track record, experienced management team, and wide range of services are also seen as positives. Analysts expect Western Carriers (India) to perform well in the long term. They believe that the company is a good investment for investors with a long-term investment horizon.