Western Carriers IPO GMP Today, Listing Date, Allotment Date

Dear investors check out here Western Carriers IPO GMP Today. We regularly update Grey Market Premium Today About all IPO. Western Carriers IPO GMP today is ₹35.

Western Carriers IPO is open on Friday, September 13, 2024. and close on Thursday, September 19, 2024. Western Carriers’ IPO total issue size is 28,655,813 shares (aggregating up to ₹492.88 Cr), and Western Carriers IPO price is ₹163 to ₹172 per share. The IPO will be listed on BSE and NSE. Western Carriers Limited IPO listing on Monday, September 23, 2024.

Western Carriers IPO Date

IPO Open Date: Friday, September 13, 2024
IPO Close Date: Wednesday, September 18, 2024
Basis of Allotment: Thursday, September 19, 2024
Initiation of Refunds: Friday, September 20, 2024
Credit of Shares to Demat: Friday, September 20, 2024
Listing Date: Monday, September 23, 2024
Cut-off time for UPI mandate confirmation: 5 PM on September 18, 2024

Western Carriers Limited About

Incorporated in March 2011, Western Carriers (India) Limited is a versatile, rail-focused logistics company offering comprehensive multi-modal solutions across road, rail, water, and air transportation. Specializing in a 4PL asset-light model, the company delivers fully customizable logistics services tailored to the needs of various industries, including metals, FMCG, pharmaceuticals, chemicals, engineering, oil and gas, and retail.

Western Carriers (India) Limited boasts an impressive clientele, featuring industry giants like Tata Steel, Hindalco Industries, Jindal Stainless, JSW Steel Coated Products, Bharat Aluminium Company (BALCO), and Vedanta. Additionally, the company serves prominent brands such as Hindustan Unilever, Coca-Cola India, Tata Consumer Products, Wagh Bakri, CG Foods, Cipla, MCPI (formerly a subsidiary of Mitsubishi Chemical Corporation), Haldia Petrochemicals, Gujarat Heavy Chemicals (GHCL), Brahmaputra Cracker and Polymer (BCPL), Sheela Foam (Sleepwell), and DHL Logistics.

The company extends its expertise to international chartering services, stevedoring at Indian ports, and coastal cargo movement within India. By leveraging an asset-light model, Western Carriers seamlessly integrate rail and road transportation, effectively managing the supply chain for leading metals and resource companies, especially in the face of growing imports, exports, and production demands.

As of December 31, 2022, Western Carriers served over 1,100 customers and employed 1,350 people across various departments. The company reported a 3% increase in revenue and a 12% rise in profit after tax (PAT) for the fiscal year ending March 31, 2024, compared to the previous year.

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Western Carriers IPO GMP Today Price | Gray Markets Price Today

As Per the last update on September 19, 2024, at 11:00 AM, the latest GMP (Gray Markets Price) for Western Carriers IPO is ₹35. The base price of the IPO is ₹172.00, with an estimated listing price of ₹207 (20.35%) (cap price + today’s GMP). This suggests an expected profit/loss per share of 20%.