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2 min read | Updated on September 21, 2024, 10:06 IST
SUMMARY
Western Carriers IPO allotment status: As the subscription period has concluded, investors will be keen to check the Western Carriers IPO allotment status, which has been finalised. The status can be checked on the official websites of registrar Link Intime India, the NSE and the BSE.
Western Carriers (India) Limited is the largest private, multimodal, rail-focused, 4PL asset-light logistics company.
According to the consolidated bidding data on NSE, the initial share sale received bids for 63.57 crore shares against 2.08 crore equity shares on offer.
Category | Number of times subscription |
---|---|
Qualified Institutional Buyers (QIBs) | 27.99 |
Non-institutional investors | 44.67 |
Retail Individual Investors (RIIs) | 25.77 |
The Kolkata-based company's ₹492.88 crore IPO, which had a price band of ₹163-₹172 per share, was a combination of a fresh issue of shares worth ₹400 crore and an offer-for-sale of shares worth ₹93 crore.
Shares will be credited to the Demat accounts of successful investors on September 23, and the refund for unsuccessful investors will be initiated on the same day. Western Carriers' IPO listing date is September 24.
Western Carriers is a major logistics company, with over 1,600 clients in varied sectors such as FMCG, metals and mining, building materials, chemicals, pharmaceuticals, oil and gas, and utilities as of March 2024.
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