On Friday, September 20, 2024, Western Carriers announced the allotment status of the Initial Public Offering (IPO), adding a layer of intrigue and curiosity among the investors who subscribed for this IPO. Not to mention, the Western Carriers IPO garnered significant attention with many investors desperately wanting to invest in it. In the wake of its popularity ahead of its listing, Western Carriers IPO was subscribed multiple times, making it one of the most attracted IPOs this month.
Western Carriers IPO Overview:
Since it was immensely subscribed by a large number of people with the expectation of booking profit on its listing date, they have been eagerly scrounging the weblogs to check if they were among the few lucky investors who were allotted the Western Carriers IPO. However, we have made it easier for you by detailing how to check the allotment status along with other imperative details such as its gray market price, the market’s reaction to this IPO, and more. It would be best if you went through the article to the end. Scroll down the page.
- IPO Open Date: September 16, 2024
- IPO Close Date: September 19, 2024
- Allotment Date: September 20, 2024
- Listing Date: September 24, 2024
Western Carriers IPO Subscription
In recent months, IPOs have gained significant attraction in the market as everyone wants to book the listing gain, resulting in every IPO being over-subscribed. The same also happened with the Western Carriers IPO which received an overwhelming response from the investors, resulting in being subscribed 31.69 times. The breakdown of the subscription rates are as Qualified Institutional Buyers (QIBs) 27.99x, Non-Institutional Investors 44.67x, and Retail Individual Investors (RIIs) 25.77x. The higher is subscription rate, the higher is interest among the investors showing strong market confidence in the business model of Western Carriers.
- Qualified Institutional Buyers (QIBs): 27.99x
- Non-Institutional Investors: 44.67x
- Retail Individual Investors (RIIs): 25.77x
Western Carriers IPO Price Band
Western Carries India Limited company announced its IPO (Western Carriers IPO) with a price band of Rs 163 to Rs 172 per share and an IPO size of Rs 492.88 crore. The IPO could be subscribed from September 16, 2024, to September 19, 2024. On September 20, 2024, the company announced the allotment status of its share. As per the reports, the face value of Western Carriers is Rs 5 per share. Do you know when will the IPO be listed? It is scheduled to be listed on September 24, 2024.
- IPO Size: ₹492.88 crore
- Price Band: ₹163 to ₹172 per share
- Face Value: ₹5 per share
Western Carriers IPO Grey Market Premium
For the uninitiated, Western Carriers is one of the leading companies in the logistics sector. It focuses on multimodal and rail logistic services. Western Carriers operates with a diverse client base including chemicals, pharmaceuticals, FMCG, and other industries. Considering the business model and growth rate of Western Carriers, the gray market price for the Western Carriers IPO was anticipated to be Rs 20, reflecting the strong market performance on its listing. Therefore, the investors got attracted and lured by it and invested in the hope of booking the listing gain.
Check Western Carriers IPO Allotment Status
In case, you also subscribed to the Western Carriers IPO and are scrambling to the web to learn how to check the allotment status, we have guides on how to check it. You need to first visit the Link Intime Official website and go to the Public Issues option where you need to find the “Western Carriers IPO allotment status”. After clicking on it, you will be asked to enter your PAN number or application number. Submit the details and check your allotment status.
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- Visit the Link Intime’s website.
- Go to the “Public Issues” section.
- Click on the link for “Western Carriers IPO Allotment Status.”
- Enter PAN or application number.
- Submit the form to view your allotment status.
The investment experts and market analysts seemed to be optimistic about the performance of Western Carriers after its listing, thanks to the company’s impressive performance in the sector of logistics and robust demand for supply chain solutions. However, we do not encourage the readers to invest in Western Carriers, this information about Western Carriers is from the brokerage companies and market analysts. Stay tuned to this website for more details and further updates.
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