Western Carriers IPO Allotment Status: Latest GMP Details & Procedure to check status online

Western Carriers IPO Allotment Status: The public offer was over 30.57 times larger with 2.08 billion shares on offer and over 63.22 billion shares receiving bids. Western Carriers shares are scheduled to be listed on the BSE and the National Stock Exchange on Tuesday, September 24.

Western Carriers IPO Allotment Status

Western Carriers (India) Ltd.'s initial public offering (IPO) is expected to close on Friday, September 20. The mainboard issue was highly oversubscribed and closed on the final day of bidding on September 19. The public offering was over 30.57 times, with over 63.78 billion shares bid against 2.08 billion shares offered.

Issue Details 

• Issue opens Sept. 13.

• Issue closes: Sept. 19.
• Issue price: Rs 163–172 per share.
• Fresh issue: Rs 400 crore.
• Offer for sale: Rs 92.9 crore.
• Total issue size: Rs 492.9 crore.

Procedure To Check Western Carriers IPO Allotment Status On BSE Website

1. Open the BSE website at https://www.bseindia.com

Western Carriers IPO Allotment Status

2. Navigate to the BSE’s application status section: https://www.bseindia.com/investors/appli_check.aspx

3. Under issue type, select ‘equity’.

4. Select Western Carriers (India) Limited from the list.

5. Enter your PAN or IPO application number.

6. Click ‘search’ to discover the allotment status.

Also Read:- Northern Arc Capital IPO Allotment Status: Steps to check status on NSE, Kfin Technologies & latest GMP

Procedure To Check Western Carriers IPO Allotment On Link Intime

1. First, go to the website of the registrar which is Link Inktime India Private Limited (https://www.linkintime.co.in/)

2. Go to the investor services section.

3. In the next step, select public issues.

4. Among the IPOs, select Western Carriers Limited

5. Select an identifier from the list (PAN, Application Number, DP/Client ID, or Account Number/IFSC).

6. Enter the required details.

7. Click submit to check the status.

Western Carriers IPO Details

Western Carriers IPO is a book-built offering worth Rs 492.88 crore. It comprises of a fresh issue of 2.33 billion shares worth a total of Rs 400 crore and an offer for sale of 0.54 billion shares worth Rs 92.88 crore.

The price range for the IPO has been set at ₹163-₹172 per share. Ahead of the IPO, the company had raised Rs 148 crore from anchor investors.

Net proceeds from the IPO will be used to repay existing debt and to fund investments in purchasing commercial vehicles, containers, and reach stackers. A portion of the funds raised will be used for general corporate purposes.

Western Carriers is a logistics company with a customer base of over 1,600 in the metals and mining, oil and gas, pharmaceuticals, chemicals, consumer goods, utilities, and construction materials sectors.

The company's customers include Tata Consumer Products, Hindalco Industries, Tata Steel, Vedanta, HUL, Coca-Cola India and BALCO.