Business Standard

Western Carriers (India) Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

492.88 cr

Price Range (₹)

172

Lot Size

87

Min Investment (₹)

14,964.00

Listing Exchange

MumbaiNSE

Open Date

13-Sept-2024

Close Date

19-Sept-2024

Listing Date

24-Sept-2024

Western Carriers (India) Ltd News

    The Shares of Western Carriers (India) Ltd have now been listed.

    Western Carriers (India) Ltd IPO Details

    Initial public offering of 28,655,813 equity shares of face value of Rs. 5 each (Equity Shares) of Western Carriers (India) Limited (The Company or the Issuer) for cash at a price of Rs. 172 per equity share (including a premium of Rs. 167 per equity share) (the Offer Price) aggregating up to Rs. 492.88 crores (the Offer) comprising a fresh issue of 23,255,813 equity shares by the company aggregating up to Rs. 400.00 crores (the Fresh Issue) and an offer for sale of up to 5,400,000 equity shares aggregating to Rs. 92.88 crores (the Offer for Sale) by Rajendra Sethia (the Promoter Selling Shareholder and such equity shares offered by the promoter selling shareholder, the Offered Shares). The offer shall constitute 28.11% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs.5 each and the offer price is 34.40 times the face value of the equity shares.The Offer Price is Rs. 172 per equity share of face value of Rs. 5 each.Bid cane be made for a minimum of 87 equity shares and in multiples of 87 equity shares thereafter.

    Objective of issue

    Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company. Funding of capital expenditure requirements of the company towards purchase of (I) commercial vehicles (ii) 40 feet specialised containers & 20 feet normal shipping container and (iii) reach stackers. General corporate purposes.

    Western Carriers (India) Ltd Contact Details

    Western Carriers (India) Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investors@westcong.com

    Website - www.western-carriers.com