Western Carriers IPO Details: All You Need To Know About The IPO Before Subscribing

Kanishka Sethia, Director & CEO, and Rajendra Sethia, CMD of Western Carriers, discuss the company's upcoming IPO. The issue will be open from September 13th to 18th, with a price band set at Rs 163-172 per share. The IPO includes a fresh issue of Rs 400 crore and an offer for sale of Rs 92.9 crore, bringing the total issue size to Rs 492.9 crore. At the upper end of the price band, the company's market value is expected to be Rs 1754 crore.
In this conversation, the Sethias elaborate on how the proceeds from the IPO will be utilised, including Rs 163.50 crore for the prepayment of outstanding borrowings and Rs 151.71 crore for funding capital expenditure. They also share their vision for Western Carriers' growth post-listing and the strategies that will drive the company's future success.

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