What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Western Carriers (India) Limited IPO allotment date?

The basis of allotment for Western Carriers (India) Limited IPO is scheduled to be finalized on 20 Sep 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 21 Sep 2024.

Western Carriers (India) Limited

ListedMainboard

Logistics / Transportation · NSE / BSE

Western Carriers (India) Limited, established in March 2011, is a rail-focused, asset-light logistics company offering customized multi-modal transportation solutions across road, rail, water, and air. It serves diverse industries like metals, FMCG, pharmaceuticals, chemicals, engineering, oil and gas, and retail, with major clients including Tata Steel, Hindalco, JSW, Vedanta, and Hindustan Unilever. The company also provides international chartering, stevedoring at Indian ports, and coastal cargo movement, specializing in rail-road logistics. Managing supply chains for top metal and resource groups, Western Carriers had over 1,100 customers and 1,350 employees as of December 31, 2022.

Price Band

₹163 – ₹172

Issue Size

₹493 Cr

Lot Size

87 shares

GMP

₹16

+9.3%

Est. Listing

₹188

at current GMP

Subscribed

31.92x

overall

Open

13 Sep 2024

19 Sep 2024

Allotment

20 Sep 2024

Refund

21 Sep 2024

Demat Credit

22 Sep 2024

Listing

24 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Western Carriers (India) Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

20 Sep 2024

Basis finalization

Refunds Initiate

21 Sep 2024

Mandate release

Demat Credit

22 Sep 2024

Shares in demat

Listing Debut

24 Sep 2024

Trading begins

How to Check Western Carriers (India) Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Western Carriers (India) Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Western Carriers (India) Limited Public Issue & Market Profile

Western Carriers (India) Limited is bringing an initial public offering (IPO) in the Logistics / Transportation sector with an aggregate issue size of ₹492.88 Crores. The shares are offered at a price band of ₹163 to ₹172 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-09-19, the basis of allotment is scheduled to be finalized on 2024-09-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.