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Western Carriers (India) Ltd

Registered Office: # 2/6 Sarat Bose Road,2nd Floor, Kolkata - 700020, West Bengal, India.
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 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 through Current Offer 492.88  
Post Issue Equity Share Capital 50.98  
Issue Price 172.00  

Project

  • 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

MUFG Intime India Pvt Ltd

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.