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 current subscription status of Western Carriers (India) Limited IPO?

Western Carriers (India) Limited IPO has received a total subscription of 31.92 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

31.92x

Total Demand

QIB Multiplier

28.81x

Institutions & Funds

NII / HNI

46.77x

High Net-Worth

Retail (RII)

27.33x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 31.92x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	5,731,164	165,092,679	28.81x
NIB	4,298,372	201,034,989	46.77x
HNIs(10L +)	2,865,581	119,345,817	41.65x
HNIs (2-10L)	1,432,791	81,689,172	57.01x
RETAIL	10,029,535	274,113,771	27.33x
Total	24,357,443	841,276,428	31.92x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 24.65x

Category	Applications Reserved	Applications Received	Times Subscribed
HNIs (10L+)	2,353	19,767	8.40x
HNIs (2-10L)	1,176	64,223	54.61x
RETAIL	115,282	2,844,367	24.67x
Total Applications	118,811	2,928,357	24.65x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Western Carriers (India) Limited IPO is ₹16 per equity share. Based on the upper price band of ₹163 to ₹172 per equity share, the estimated listing price is ₹188 (+9.3% expected listing 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, the expected profit per application lot is approx ₹1,392 (+9.3% gain). Minimum application cost is approx ₹14,964.

What is the issue size and price band for Western Carriers (India) Limited IPO?

The Western Carriers (India) Limited IPO aggregate issue size is ₹492.88 Crores with an equity price band set at ₹163 to ₹172 per equity share. The retail lot size is 87 shares requiring a minimum capital outlay of approx. ₹14,964.

How can I check Western Carriers (India) Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 31.92x (Retail: 27.33x, QIB: 28.81x, NII: 46.77x). You can track live multiples directly on our dedicated subscription page.

Where and when will Western Carriers (India) Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-09-20. Investors can verify status using PAN card or application number.

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

Western Carriers (India) Limited shares are scheduled to list on NSE and BSE on 2024-09-24.