Today was the last day to apply for Western Carriers India Limited IPO. In the unlisted market, shares of Western Carriers are trading at a premium of ₹25, which was lower than the previous day’s GMP of ₹50.
Western Carriers India Limited IPO was subscribed 18.61 times on Thursday, the third and last day of bidding. We can see strong demand from non-institutional investors (NIIs) and retail investors.
Western Carriers India raised ₹148 crore from various anchor investors before its IPO opening, including Aditya Birla Sun Life Insurance Company, Kotak Mahindra Life Insurance Company, Societe Generale, Citigroup Global Markets Mauritius, and Motilal Oswal Mutual Fund.
Western Carriers India IPO GMP Today
According to Investorgain.com, Western Carriers India Limited IPO last GMP is ₹25, with an estimated listing price of ₹197 (cap price + today’s GMP), and an expected percentage gain/loss per share of 14.53%.
Western Carriers India IPO details
Western Carriers India IPO, open for subscription since September 13, closes on September 19. The allotment for the Western Carriers India Limited IPO is expected on September 20. It will tentatively be listed on BSE and NSE on September 24, 2024.
Western Carriers India Limited IPO is a book-built issue of Rs 492.88 crores. Western Carriers (India) IPO combines a fresh issue of 2.33 crore shares with an offer for sale of 0.54 crore shares, totaling Rs 492.88 crores.
Western Carriers (India) IPO price ranges from ₹163 to ₹172 per share, with a minimum lot size of 87 shares and a minimum amount of investment required by retail investors is ₹14,964.
Jm Financial Limited and Kotak Mahindra Capital Company Limited are the lead managers for the Western Carriers (India) IPO, while Link Intime India Private Ltd is the registrar for this issue.
Western Carriers (India) was incorporated in March 2011. Some of its key customers are Tata Steel, Hindalco Industries, Vedanta, BALCO, HUL, Coca-Cola India, Tata Consumer Products, Wagh Bakri, Cipla, Haldia Petrochemicals, MCPI, Gujarat Heavy Chemicals, BCPL, and DHL, among others.
The company’s revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.
Western Carriers India IPO Date
Western Carriers India IPO opens on September 13, 2024, and closes on September 19, 2024.
- IPO Open Date: Friday, September 13, 2024
- IPO Close Date: Thursday, September 19, 2024
- Allotment date: September 20, 2024
- Initiation of Refunds: Monday, September 23, 2024
- Credit of Shares to Demat: Monday, September 23, 2024
- Listing Date: Tuesday, September 24, 2024
Western Carriers India IPO Allotment Status on BSE
Step1: Go to the allotment page of the official website of BSE- https://www.bseindia.com/investors/appli_check.aspx
Step 2: Under ‘Issue Type’ select ‘Equity’.
Step 3: Choose Western Carriers India Limited from the IPO Name dropdown menu.
Step 4: Enter your application number or PAN.
Step 5: Verify your identity and click search
Your PN Western Carriers India Limited IPO Allotment Status will be displayed on the screen.
Western Carriers India IPO Allotment Status on NSE
Step 1: Visit the official website of NSE- https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
Step 2: One needs to register with PAN by clicking on the ‘Click here to sign up’ option on the NSE website.
Step 3: Enter your password, username, and captcha code.
Step 4: Check your IPO allotment status on the next page
For individuals who were not allotted shares, the refund process will start on Monday, September 23. Individuals who were allotted shares will get the shares in their demat accounts on the same day.
How to check the allotment status of Western Carriers India Limited IPO on Link Intime
- Visit the official website of Link Intime India here – https://linkintime.co.in/Initial_Offer/public-issues.html
- please select the company name from the dropdown
- Select either PAN, Application Number, DP/Client ID, or Account Number/IFSC to verify your allotment status. Enter the required information as per your selection above.
- Enter the required information as per your selection above.
- Click the “Submit” button to check your allotment status.
