Western Carriers (India) Limited IPO
Western Carriers (India) Limited was a mainboard IPO in the Logistics Solution Provider sector, offered at ₹163–₹172 per share to raise ₹493 crore. The issue was subscribed 30.57× overall (QIBs 27.99×, NIIs 44.71×, retail 25.95×). It listed on 24 Sep 2024 at ₹171 and closed its first day at ₹159, a listing loss of -7.3% versus the ₹172 issue price. It now trades around ₹94 (-45.3% versus the issue price).
Frequently asked questions
- How many times was the Western Carriers (India) Limited IPO subscribed?
- The Western Carriers (India) Limited IPO was subscribed 30.57× overall — 27.99× in the QIB category, 44.71× among non-institutional investors, 25.95× in retail.
- What were the Western Carriers (India) Limited IPO listing gains?
- Western Carriers (India) Limited listed on 24 Sep 2024 at ₹171, closing its first day at ₹159 — a listing loss of -7.3% versus the ₹172 issue price.
- What were the retail allotment odds for the Western Carriers (India) Limited IPO?
- Retail was subscribed 25.95×, so a single-lot application had roughly a 3.9% chance of allotment (about 1 in 26), and allotment was finalised on 20 Sep 2024.
- What was the price band and lot size of the Western Carriers (India) Limited IPO?
- The price band was ₹163–₹172 per share, with a minimum lot of 87 shares (₹14,964 at the upper band).
- Who were the registrar and lead manager for the Western Carriers (India) Limited IPO?
- Link Intime India Private Limited was the registrar, and JM Financial was the book-running lead manager.