IPO Synopsis

Western Carriers (India) Ltd
Registered Office: # 2/6 Sarat Bose Road,2nd Floor,Kolkata-700020, West Bengal
Tel. No: +91 33 2485 8519
Fax No:
Email: investors@westcong.com
Website: www.western-carriers.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
13-Sep-2024 19-Sep-2024 ₹172.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 87 Further Multiples of :87
(₹ Cr) Lead Managers to the Issue
Project Cost 0.00 JM Financial Ltd
Project Financed through Current Offer 492.88 Kotak Mahindra Capital Company Ltd
Post Issue Equity Share Capital 50.98
Issue Price 172.00
Projects
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
Promoted By
Rajendra Sethia
Kanishka Sethia
Listing At
BSE
NSE
Registrar To The Issue