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Western Carriers IPO Lists at ₹171 on NSE, ₹170 on BSE—A 1.16% Drop!

Western Carriers (India) shares debuted today, listing at ₹171 on NSE, slightly below the IPO price of ₹172, and at ₹170 on BSE, reflecting a 1.16% discount from the issue price.
Western Carriers IPO Lists at ₹171 on NSE, ₹170 on BSE—A 1.16% Drop!

Western Carriers (India) shares debuted today at ₹171 on NSE, a slight discount to the ₹172 IPO price. On BSE, they listed at ₹170, a 1.16% discount. The ₹492.88 crore IPO ran from September 13-19, 2024.

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The Western Carriers (India) IPO saw strong demand, with a 31.69 times overall subscription. It received bids for 63.57 crore shares versus 2 crore on offer. Retail investors subscribed 26.92 times, NIIs 46.68 times, and QIBs 28.81 times.

Western Carriers Limited is India’s largest private, multimodal, rail-focused 4PL logistics company. In fiscal 2023, it managed 6% of domestic and 2% of EXIM container volumes. Founded in 1972, it offers customized end-to-end logistics solutions across road, rail, water, and air, integrating various services for customers.

The objective of The Western Carriers (India) IPO is to raise capital by offering shares to the public, enabling the company to fund expansion, reduce debt, and enhance its market visibility, while providing investors the opportunity to own equity in the company.

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