Last Day of Western Carriers (India) IPO: Did You Subscribe?

On the last day, Western Carriers (India) IPO recorded growing interest from various categories of investors. Western Carriers (India) IPO is a book-built issue of  ₹492.88 crores. The issue combines a fresh issue of 2.33 crore shares aggregating ₹400.00 crores and an offer for sale of 0.54 crore shares aggregating ₹92.88 crores.

Western Carriers (India) IPO opened for subscription on September 13, 2024, and closes on  September 19, 2024. The allotment for the Western Carriers (India) IPO is expected to be finalised on September 20, 2024. Western Carriers (India) IPO will list on BSE and NSE, with a tentative listing date of September 24, 2024.

On September 19, 2024, at 11:22 AM, Western Carriers (India) IPO subscribed 17.18 times. The public issue subscribed 21.82 times in the retail category, 0.21 times in QIB, and 28.99 times in the NII category.

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Western Carriers (India) IPO last GMP is ₹50, last updated Sep 19th 2024, 09:26 AM. With a price band of ₹172.00, Western Carriers (India) IPO’s estimated listing price is ₹222 (cap price + today’s GMP). The expected percentage gain/loss per share is 29.07%.

About Western Carriers (India) Ltd

Western Carriers (India) Ltd. (WCIL) is the largest private, multi-modal, rail-focused, 4PL asset-light logistics company in India in terms of container volumes handled/operated by private players in FY23. Its domestic and EXIM market share, based on container volumes handled, was 6% and 2%, respectively, in FY23. WCIL operates on a scalable, asset-light business model, which enables it to provide differentiated 3PL and 4PL solutions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.