Logistics sector company Western Carriers is going to bring its IPO.
[ad_1]
Company submitted papers
Logistics company Western Carriers has submitted preliminary documents to the Securities and Exchange Board of India ie SEBI to raise around Rs 500 crore from the IPO. According to the DRHP filed with Sebi, apart from issuing fresh equity shares up to Rs 500 crore, promoter Rajendra Sethia proposes to make an offer for sale of up to 93.29 lakh equity shares under the IPO.
Ratan Tata: These two shares of Ratan Tata running at the speed of rocket, investors became millionaires, experts – buy
This is the company’s planning
The Kolkata-based company will use the funds raised through the IPO to repay a loan of Rs 200 crore. The company has proposed to meet the capital expenditure requirement of Rs 186 crore. In the 9 months ended December 2022, the company registered a revenue of Rs 1,206.90 crore, while the net profit stood at Rs 55.09 crore. Major customers of the company include JSW, HUL, Coca-Cola India, Tata Steel, Hindalco Industries, Vedanta, BALCO, Tata Consumer Products, Cipla, Haldia Petrochemicals, MCPI and Gujarat Heavy Chemicals etc.
According to the information, the company plans to buy commercial vehicles and specialized containers of 40 feet and normal shipping containers of 20 feet and reach stackers.
[ad_2]
Source link
