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.

What is the estimated listing price for Western Carriers (India) Limited IPO?

Based on the upper price band of ₹172 and current GMP of ₹16, the estimated listing price is ₹188 (approx. 9.3% gain).

What is the expected profit per lot for Western Carriers (India) Limited IPO?

With a lot size of 87 shares and current GMP of ₹16, expected profit per retail application lot is approximately ₹1,392.

IPO GreyPremiumLIVE

Grey Market Intelligence

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

Live Grey Market Premium

Western Carriers (India) Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹16+9.3%

Issue Price (Upper)

₹172

Band: ₹163 – ₹172

Estimated Listing Price

₹188

Upper price + GMP

Lot Size

87 shares

Min investment ₹14,964

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹16	9.3%	₹188
30 Oct 2026	+₹16	9.3%	₹188
29 Oct 2026	+₹14	8.4%	₹186

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Western Carriers (India) Limited IPO GMP today?

The latest grey market premium for Western Carriers (India) Limited IPO is ₹16, which indicates an expected listing price of ₹188.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.