look news india
IPO: Western Carriers (India) Limited IPO will next open on September 13, 2024 and close on September 18. The company has fixed a price band of Rs 163-172 per equity share for this subscription. Investors can bid for 87 equity shares and in multiples of 87 equity shares thereafter.
This comprises a fresh issue of equity shares aggregating up to Rs 4,000 million through a Fresh Issue and an offer for sale of up to 5,400,000 equity shares through an Offer for Sale.
The company will use the funds raised through its public offering to repay outstanding debt, meet general business purposes and meet capital expenditure requirements.
The Company plans to list equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) as part of its initial public offering. JM Financial Limited and Kotak Mahindra Capital Company Limited are the 'Book Running Lead Managers' ('BRLMs') for the offer.