Incorporated in 2011, Western Carriers (India) Ltd is a multi-modal logistics firm offering customisable solutions across road, rail, water, and air, serving sectors like metals, FMCG, and pharma.
The Western Carriers IPO opened for subscription on September 13, 2024, and will close on September 19, 2024.
The total issue size of ₹492.88 crore comprises a fresh issue of 2.33 crore shares worth ₹400 crore and an offer for sale of 0.54 crore shares worth ₹92.88 crores.
The price band is set at ₹163 to ₹172 per share, with a minimum investment of ₹14,964 for a lot of 87 shares.
The funds raised in the IPO will be used for loan repayments, funding capital expenditures like buying commercial vehicles, containers, reach stackers, and for general corporate purposes.
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