Western Carriers (India) Ltd - IPO

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