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Initial Public Offering of Western Carriers (India) Limited

Deal
September 25, 2024

JSA advised JM Financial Limited and Kotak Mahindra Capital Company Limited, the book running lead managers in relation to the initial public offering of equity shares of Western Carriers (India) Limited comprising a fresh issue of ₹ 4,000 million and an offer for sale by Rajendra Sethia, the Promoter Selling Shareholder, of 5,400,000 equity shares aggregating to ₹ 928.80 million.

As per news reports, the IPO was oversubscribed 31.69 times, with the QIB portion being oversubscribed 28.81 times, the NII portion being oversubscribed 46.68 times and the retail portion being oversubscribed 26.92 times.

Deal value: ₹ 4,928.80 million

Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partners – Pracheta Bhattacharya and Anshu Bansal, Senior Associate – Akash Joshi and Associates – Ayushi Pandit, Jeebitesh Bhattacharya, Reshmi Prabhakar and Junior Associate – Preeti Gokhale.

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Tags Banking and Finance, Capital Markets, JSA, Leading Law Firm, Leading Lawyers

Anshu Bansal Partner

Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).

Arka Mookerjee Partner

Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.

Pracheta Bhattacharya Partner

Pracheta practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space, ADR, GDR etc.).