JSA advised JM Financial Limited and Kotak Mahindra Capital Company Limited, the lead managers for the initial public offering of equity shares of Western Carriers (India) Limited.
This offering includes a fresh issue of ₹4,000 million and an offer for sale by Promoter Rajendra Sethia, totaling 5,400,000 equity shares worth ₹928.80 million.
According to news reports, the IPO was oversubscribed by 31.69 times, with the Qualified Institutional Buyers (QIB) portion oversubscribed 28.81 times, the Non-Institutional Investors (NII) portion 46.68 times, and the retail portion 26.92 times.
The total deal value reached ₹4,928.80 million.
JSA’s transaction team included 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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