The allotment for Western Carriers India’s IPO is set to be finalized today, September 20. Investors who participated in the IPO will receive alerts or emails regarding the status of their application by Monday, September 23. The logistics company had opened its IPO for bidding from September 13 to 19, offering shares at a price band of ₹163-172 per share with a lot size of 87 shares. The IPO raised ₹492.88 crore, including a fresh issue of up to ₹400 crore and an offer-for-sale (OFS) of up to 54 lakh shares.
The IPO was well received, with an overall subscription of 30.57 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 27.99 times, while the non-institutional investors (NIIs) subscribed 44.71 times. Retail investors showed interest as well, with their portion subscribed 25.95 times.
The grey market premium (GMP) for Western Carriers India has been fluctuating, currently standing at ₹20 per share, indicating a listing gain of nearly 12%. However, the GMP was higher earlier, around ₹57-60 on the first day of bidding.
How to Check Western Carriers India IPO Allotment Status on BSE:
- Visit the BSE allotment page.
- Select ‘Equity’ under ‘Issue Type.’
- Choose ‘Western Carriers India Limited’ from the ‘Issue Name’ drop-down menu.
- Enter your application number and PAN.
- Verify the captcha and click ‘Search.’
How to Check Allotment Status on Link Intime:
- Go to the Link Intime IPO status page.
- Select ‘Western Carriers India Limited’ from the IPO drop-down.
- Choose Application Number, Demat Account, or PAN as the selection type.
- Enter the details and fill the captcha.
- Click ‘Submit.’
Western Carriers India is expected to list on both the BSE and NSE on Tuesday, September 24.
