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Western Carriers IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com, India`s Oldest Investment & IPO website. 
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Who is the promoter of Western Carriers IPO? 
RAJENDRA SETHIA AND KANISHKA SETHIA

What is the business of Western Carriers?

Western Carriers (India) Limited is one of the few players in the Indian logistics industry with the capability to deliver cost-efficient, time bound and bespoke services and solutions which include large container movement, multi-modal logistics and long-haul deliveries, vendor-coordination across the supply chain along with value-added services such as product packaging, cargo handling, customs clearance, pre-shipment inspection, containerization, in-plant logistics, inventory management and warehouse planning.
It is the largest private, multi-modal, rail focused, 4PL asset-light logistics company in India in terms of container volumes in Fiscal 2022. Its domestic and EXIM market share, based upon container volumes handled, was 7% and 3%, respectively, in Fiscal 2022. Through the combined experience of the Company and its Promoter, Rajendra Sethia, it has five decades of experience in road, rail and sea / river multi-modal movement for domestic as well as EXIM cargo in and out of India. 

It operates on a scalable, asset-light business model which enables it to provide differentiated 3PL and 4PL solutions. It endeavours to address complexities by creating customised, one-stop/single-window, end-to-end and integrated logistics solutions for its customers, which involve a variety of value-added services across the supply chain. Its Promoter, Rajendra Sethia, established his logistics business as a rail-focused logistics business in 1972, which was later acquired by our Company in 2013. Over the last 50 years, its business has continued to evolve to provide
It has long-standing relationships with customers across varied sectors such as metals, fast moving consumer goods (“FMCG”), pharmaceuticals, chemicals, engineering, oil and gas and retail.
These long-standing relationships have also contributed to the growth of our revenues from its existing customers.
For more information, click www.western-carriers.com

What is the object of Western Carriers IPO?
This is offer for sale and of fresh issue of capital. The company proposed to utilise the funds for
1. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company;
2. Funding of capital expenditure requirements of the Company towards purchase of: (i) commercial vehicles; (ii) 40 feet specialised containers and 20 feet normal shipping containers; and (iii) reach stackers

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Western Carriers IPO GMP