Western Carriers set to raise Rs 5 billion through IPO

Western Carriers Limited, a logistics player, is set to launch its IPO, which includes a fresh issue of Rs 5 billion and an offer for sale (OFS) of up to 5.4 million shares. The price band for the issue is set between Rs 163 and Rs 172 per share. The company plans to allocate Rs 1.63 billion from the fresh issue towards debt repayment, Rs 1.52 billion to meet capital expenditure requirements, with the remaining funds designated for general corporate purposes.