Western Carriers (India) Ltd. has announced public offering of 28655814 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 167.00 per share. The gross proceeds of the issue are expected to be Rs 49,288.00 lakhs.

The company's initial public offer (IPO) will open on 13 September 2024 and is expected to close on 18 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 163.00-172.00 per share.

The IPO includes a fresh Issue of 28655814 Equity Shares of the Company at an price of Rs 172.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 87 shares with bids in multiples of 87.

Western Carriers (India) Ltd. anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Limited,JM Financial Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.