Ahmedabad : September 11, 2024: Western Carriers (India) Limited (“Company”), shall open its Bid/Offer in relation to its initial public offering of Equity Shares on Friday, September 13, 2024.The offering includes a fresh issue of Equity Shares aggregating up to ₹ 4,000 million (“Fresh Issue”) and an offer for sale by Rajendra Sethia (“Promoter Selling Shareholder”) aggregating up to 5,400,000 Equity Shares (“Offer for Sale”, together with the Fresh Issue, the “Offer”).The Anchor Investor Bid/Offer Period shall be on Thursday, September 12, 2024 and the Bid/Offer will close on Wednesday, September 18, 2024.The price band of the Offer is ₹ 163 to ₹ 172 per Equity Share (“Price Band”).Bids can be made for a minimum of 87 Equity Shares and in multiples of 87 Equity Shares thereafter (“Bid Lot”).The Company proposes to utilize net proceeds from the Fresh Issue towards i) prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company (up to ₹ 1,635.00 million); ii) funding of capital expenditure requirements of the Company towards purchase of commercial vehicles, 40 feet specialised containers and 20 feet normal shipping containers and reach stackers (up to ₹ 1,517.10 million) and balance towards general corporate purposes (“Objects of Offer”).The Equity Shares are being offered through the red herring prospectus of the Company dated September 7, 2024 (“Red Herring Prospectus” / “RHP”) filed with the Registrar of Companies, West Bengal at Kolkata (“RoC”), Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).