Allotment of shares for Western Carriers (India) Limited (IPO) is going to be completed on September 20
On Friday, September 20, the allocation of shares for Western Carriers (India) Ltd.’s initial public offering (IPO) is scheduled to be completed. September 19, the last day of bidding, saw a robust subscription for the mainboard issue. With bids for nearly 63.78 crore shares vs 2.08 crore shares, the public offer was booked over 30.57 times.
| Company | Value | Change | %Change |
|---|---|---|---|
| NTPC | 428.05 | ₹4.10 | 0.97 |
| Kotak Mahindra | 1,874.00 | ₹2.05 | 0.11 |
| Titan Company | 3,793.00 | ₹12.05 | 0.32 |
| Nestle | 2,644.00 | ₹9.80 | 0.37 |
| HUL | 2,924.80 | ₹13.05 | 0.45 |
The demand for subscriptions was driven by non-institutional investors (NIIs), who booked their quota 44.71 times. There were 25.95 bookings for the Western Carriers IPO’s retail segment. 27.99 bookings were made by qualified institutional buyers for their category.
To see the status of the Western Carriers IPO share allocation on the BSE website, follow these steps:
1. Go to https://www.bseindia.com to access the BSE website.
2. Go to https://www.bseindia.com/investors/appli_check.aspx, the BSE’s application status section.
3. Choose “equity” under “issue type.”
4. From the list, choose Western Carriers (India) Limited.
5. Type in your application number for an IPO or PAN.
6. Select “Search” to find out the status of the allocation.
How to use the registrar’s site to verify the progress of the allocation of shares in Western Carriers Limited’s IPO:
1. Start by visiting Link Inktime India Private Limited’s website (https://www.linkintime.co.in/), which is the registrant.
2. Proceed to the area for investor services.
3. Choose public problems for the next phase.
4. Choose Western Carriers Limited as one of the IPOs.
5. Choose an identifier (Account Number/IFSC, DP/Client ID, Application Number, or PAN) from the list.
6. Type in the necessary information.
7. To see the status, click submit.
On the NSE website, you can also see the share allotment data for the Western Carriers IPO.
Details of Western Carriers’ IPO
The book-built Western Carriers IPO is worth ₹492.88 crores. It includes an offer to sell 0.54 crore shares, worth ₹92.88 crores, and a new issuance of 2.33 crore shares, worth ₹400 crores.
Price range for the IPO was ₹163–₹172 per share.
The business received ₹148 crore from anchor investors prior to the IPO launch.
The net proceeds from the initial public offering (IPO) will be used to pay off current obligations and finance capital expenditures for the acquisition of reach stackers, commercial vehicles, and containers. The money generated will be used for general company objectives to the extent possible.
Western Carriers is a logistics firm that serves more than 1,600 clients in the construction materials, chemicals, FMCG, pharmaceutical, mining, and oil and gas industries.
Tata Consumer Products, Hindalco Industries, Tata Steel, Vedanta, HUL, Coca-Cola India, and BALCO are among the company’s clients.
