Western Carriers India IPO
Logistics/Rail - Listed on 24 September 2024
Western Carriers India IPO listing summary
Western Carriers India (Logistics/Rail) closed its IPO window in 2024 and listed on NSE and BSE on 24 September 2024 at an upper band issue price of Rs 172, opening at Rs 171 for a listing gain of -0.6% and closing day one at Rs 159.44 (-7.3% on closing basis). The IPO was subscribed 30.57x overall - QIB 27.99x, HNI/NII 44.71x, Retail 25.95x. The total issue size was Rs 492.88 Cr (Fresh Issue Rs 400 Cr, OFS Rs 92.88 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Western Carriers India IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +11.63% |
| Day 2 | Rs 50 | +17.44% |
| Day 3 | Rs 50 | +17.44% |
| Day 4 | Rs 50 | +23.26% |
| Day 5 | Rs 40 | +36.05% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Western Carriers India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Western Carriers India IPO - FAQs
What was the listing gain of Western Carriers India IPO?
Western Carriers India IPO listed at -0.6% versus the upper issue price of Rs 172 on 24 September 2024.
How many times was Western Carriers India IPO subscribed?
Western Carriers India IPO was subscribed 30.57x overall. QIB portion was subscribed 27.99x, HNI / NII 44.71x and Retail 25.95x.
What was the IPO GMP for Western Carriers India?
IPO GMP started at Rs 50 on Day 1 and moved to Rs 40 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.