Western Carriers (India) Limited IPO GMP

WESTERN CARRIERS (INDIA) 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 Fiscal 2023. They have several years of experience in road, rail and sea / river multi-modal movement for domestic as well as EXIM cargo in and out of India. 

Western Carriers (India), an Book Built Issue amounting to ₹492.88 Crores, consisting an Fresh Issue of 232.55 Lakh Shares worth ₹400.00 Crores and an Offer for Sale of 54 Lakh Shares totalling to ₹92.88 Crores. The subscription period for the Western Carriers (India) IPO opens on September 13, 2024, and closes on September 18, 2024. The allotment is expected to be finalized on or about Thursday, September 19, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, September 23, 2024.

The Share price of Western Carriers (India) IPO is set at ₹163 to ₹172 equity per share, with a minimum lot size of 87 shares. Retail investors are required to invest a minimum of ₹14,964, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,218 shares), amounting to ₹209,496.

Kotak Mahindra Capital Company Limited and JM Financial Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. 

Western Carriers (India) Limited IPO GMP Today
The Grey Market Premium of Western Carriers (India) Limited IPO is expected in the range of ₹55 to ₹60  based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Western Carriers (India) Limited IPO Live Subscription Status Today: Real-Time Updates
As of 03:51 PM on 16 September 2024, the Western Carriers (India) Limited IPO live subscription status shows that the IPO subscribed 4.19 times on its Second day of subscription period. Check the Western Carriers (India) Limited IPO Live Subscription Status Today at BSE.

Western Carriers (India) Limited IPO Anchor Investors Report
Western Carriers (India) has raised ₹147.86 Crore from Anchor Investors at a price of ₹172 per shares in consultation of the Book Running Lead Managers. The company allocated 85,96,743 equity shares to the Anchor Investors. Lock-in period for 50% shares allotted to Anchor Investors ends on October 19, 2024 (30 Days) and Lock-in-period for the Rest 50% ends of 18 December (90 Days). Check Full list of Western Carriers (India) Anchor Investors List

Note:- Equity Shares to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Western Carriers (India) Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Western Carriers (India) IPO allotment date is 19 September, 2024, Thursday. Western Carriers (India) IPO Allotment will be out on 19th September 2024 and will be live on Registrar Website from the allotment date. Check Western Carriers (India) Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Western Carriers (India) Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Western Carriers (India) Limited IPO
Western Carriers (India) Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1,635.00 Millions is required for Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company; 
2. ₹1,517.10 Millions is required for Funding of capital expenditure requirements of our Company towards purchase of: 
(i) commercial vehicles; 
(ii) 40 feet specialised containers and 20 feet normal shipping containers; and 
(iii) reach stackers; and 
3. General corporate purposes

Refer to Western Carriers (India) Limited RHP for more details about the Company.