Western Carriers (India) IPO subscription status started on September 13, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹492.88 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹163 to ₹172 per equity share.
The IPO consists of a minimum market lot of 87 Shares requiring an application amount of ₹14,964. Western Carriers (India) is a Mainboard IPO that will be listed on the NSE & BSE.
Also read: Western Carriers (India) IPO: Dates, Pricing and Allotment 2024
Table of contents
IPO Overview
Western Carriers (India) Limited is India’s largest private, multimodal, rail-focused, 4PL asset-light logistics provider. Operating through over 50 branches across India, the company utilizes a scalable, asset-light model. Additionally, they offer a diverse range of services, including single-window logistics, multimodal transportation, rail and road transport, cargo handling, customs house agency, ocean and air freight, and warehousing. By providing integrated and tailored solutions throughout the supply chain, Western Carriers ensures that clients receive efficient and timely services. Consequently, this has made them a preferred partner for many.
Incorporated in March 2011, Western Carriers (India) Limited is a multi-modal, rail-focused, 4PL asset-light logistics company. Moreover, they offer fully customizable logistics solutions that encompass road, rail, water, and air transportation, along with a range of value-added services.
The company serves various sectors, including metals, fast-moving consumer goods (FMCG), pharmaceuticals, chemicals, engineering, oil and gas, and retail. Their clientele includes major names such as Tata Steel Limited, Hindalco Industries Limited, Jindal Stainless Limited, JSW Steel Coated Products Limited, Bharat Aluminium Company Limited, Vedanta Limited, Hindustan Unilever Limited, Hindustan Coca-Cola Beverages Private Limited, Tata Consumer Products Limited, Gujarat Tea Processors and Packers Limited, CG Foods India Private Limited, Cipla Limited, Materials Chemicals and Performance Intermediaries Private Limited (formerly MCC PTA India Corp. Private Limited), Haldia Petrochemicals Limited, Gujarat Heavy Chemicals Limited, Brahmaputra Cracker and Polymer Limited, Sheela Foam Limited, and DHL Logistics Private Limited.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Western Carriers (India) IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|
| QIB | 0.00 | 0.03 | 0.10 | 0.14 | 28.81 |
| NII | 0.40 | 5.62 | 13.33 | 21.91 | 46.68 |
| RII | 1.54 | 7.84 | 13.97 | 19.69 | 26.92 |
| Total | 0.85 | 5.13 | 9.87 | 14.58 | 31.69 |
Western Carriers (India) IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Western Carriers (India) IPO Form
To apply for the Western Carriers (India) IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 13, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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