WESTERN CARRIERS INDIA LIMITED

IPO Details

Western Carriers IPO is open for subscription starting Friday, Sep 13, 2024 and closing on Wednesday, Sep 18, 2024. The price of this upcoming IPO is decided at Rs 163 to Rs 172 per share.  The minimum lot size for the retail category is 87 shares. The minimum lot size for small NII is 14 lots consisting of 1218 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 5,829 shares.  The minimum investment required for retail category investors is Rs 14,880 (480 x 31 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,496 (172 x 1218 shares) for big non-institutional investors, it is Rs 10,02,588 (172 x 5,829 shares).  Western Carriers IPO is a book-built issue of Rs 492.88 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 2.33 crore equity shares amounting to Rs 400 crores. The offer-for-sale is of 0.54 crore equity shares amounting to Rs 92.88 crores.  The allotment for this IPO is expected to be finalised on Thursday, September 19, 2024.  Western Carriers Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Monday, September 23, 2024.  Jm Financial Limited, Kotak Mahindra Capital Company Limited is the book-running lead manager of Western Carriers Limited. Link Intime India Private Limited is the registrar for this new IPO.