Western Carriers Sets Price Band

New Delhi: Logistics company Western Carriers (India) Ltd on Tuesday said it has fixed a price band of Rs 163 -172 per share for its Rs 493-crore initial public offering (IPO). The Kolkata-based company’s initial share-sale will be available for public subscription from September 13 to September 18 and the bidding for anchor investors will open for a day on September 12, the company announced.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.