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Western Carriers (India) Ltd

Registered Office : # 2/6 Sarat Bose Road,2nd Floor,Kolkata West Bengal 700020 Phone : +91 33 2485 8519
Fax :

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

Opens On

Closes On

13-Sep-2024

19-Sep-2024

Money Payable On

Application

Allotment

172.00

0.00

Minimum Application for shares in Nos : 87.0 Further Multiples of : 87.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

492.88

50.98

172.00

JM Financial Ltd

Kotak Mahindra Capital Company Ltd

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

Registrar to the Issue

MUFG Intime India Pvt Ltd