Western Carriers India IPO Allotment to be Finalized Today

The highly anticipated IPO allotment for Western Carriers (India) Limited is likely to be confirmed today, September 20, 2024. Investors who participated in the IPO can view their allotment status online via the BSE website or through the registrar’s portal, Link Intime India Private Limited.

Key Subscription Figures

The Western Carriers India IPO saw strong demand during the five-day bidding period, being oversubscribed by 30.57 times. Here's a breakdown of the subscription:

• Retail Investors: 25.95 times
• Non-Institutional Investors (NII): 44.71 times
• Qualified Institutional Buyers (QIB): 27.99 times

This robust subscription has helped maintain steady demand in the grey market, with shares trading at a premium of ₹51 today.

How to Check IPO Allotment Status

Investors can check their IPO allotment status online using either the BSE website or Link Intime’s portal. Here’s a step-by-step guide for both:

Checking Allotment on BSE Website:

1. Visit the BSE's IPO status page: bseindia.com/investors/appli_check.aspx
2. Select 'Equity' under 'Issue Type.'
3. Choose "Western Carriers (India) Limited" from the drop-down menu.
4. Enter your application number or PAN.
5. Verify by clicking ‘I’m not a robot’ and click ‘Search.’
6. Your allotment status will be displayed.

Checking Allotment on Link Intime Website:

1. Go to the Link Intime allotment page: linkintime.co.in/initial_offer/public-issues.html
2. Select the PAN option.
3. Enter your PAN number and click 'Submit.'
4. Your allotment status will be displayed.

Grey Market Premium (GMP)

According to market observers, the grey market premium for Western Carriers India shares remains steady at Rs. 51 per share. The IPO's decent subscription status and positive market sentiment are believed to be driving this stability.

Also read: Northern Arc Capital IPO Allotment to be Finalized Today

Next Steps for Investors

• If you are allotted shares, they will be credited to your Demat account soon.
• In case you are not allotted shares, the refund process will be initiated.

The IPO listing date for Western Carriers India is expected soon after the allotment process is completed, with investors hoping for a positive debut in the stock market.