IPO SYNOPSIS

Western Carriers (India) Ltd
Registered Office:
# 2/6 Sarat Bose Road,2nd Floor,
Kolkata - 700020,
West Bengal, India.
Initial public offering of 28,655,813 equity shares of face value of (₹) 5 each ("Equity Shares") of Western Carriers (India) Limited (The "Company" or the "Issuer") for cash at a price of (₹) 172 per equity share (including a premium of (₹) 167 per equity share) (the "Offer Price") aggregating up to (₹) 492.88 crores (the "Offer") comprising a fresh issue of 23,255,813 equity shares by the company aggregating up to (₹) 400.00 crores (the "Fresh Issue") and an offer for sale of up to 5,400,000 equity shares aggregating to (₹) 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 (₹)5 each and the offer price is 34.40 times the face value of the equity shares. The Offer Price is (₹) 172 per equity share of face value of (₹) 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-24
19-Sep-24
172.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 87     Further Multiples of : 87
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
JM Financial Ltd
Project Financed
492.88
 
Post Issue
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
No Data Available!!!
×
Let's Chat
close
refresh
close
refresh