Western Carriers India IPO

The subscription close date of the Western Carriers India IPO has been extended from Wednesday to Thursday, i.e. from 18th to 19th September 2024, following bank holidays falling on 18th September 2024, i.e. on Wednesday.

However, no such information has been issued by Indian stock market exchanges. Still, the official website of the BSE has changed the subscription close date of Western Carriers India IPO from 18th to 19th of September.

When contacted, the company official confirmed the fresh development. The company mentioned the public issue closed on 19th September 2024, i.e., on Thursday, in its fresh advertisements published in various newspapers and other sources of advertisement.

The closing of the Western Carriers India IPO subscription has been extended to 19th September 2024 from 18th September 2024 due to the bank holidays falling on 18th September 2024 after Maharashtra State Government decided to shift the Eid-e-Milad Un Nabi holiday falling on Monday to Wednesday,” said the company representative, over WhatsApp Chat.

Western Carriers India IPO Updates

Bidding for the IPO opened on 13th September 2024, i.e., last Friday. The public issue will remain open up to 19th September 2024, i.e. this Thursday. The company has fixed the Western Carriers India IPO price band at ₹163 to ₹172 per equity share. The book build issue is proposed for listing on the BSE and the NSE. The firm hopes to collect ₹492.88 crore comprising fresh shares and an Offer for Sale (OFS).

After day one of bidding, the subscription status for Western Carriers India IPO reveals that investors are showing a strong response to the mainboard IPO. After the extension of one more day to the bidding date, investors in the primary market would have one additional day to apply for the book build issue as the Indian stock market will remain open on Wednesday and Thursday. The book build issue was subscribed 4.84 times after day 2 of bidding, with the retail portion booked 7.33 times, the NII segment filled 5.36 times, and the QIB portion received bids 0.03 times.

FAQs

What is the opening and closing date of the Western Carriers India IPO?

The IPO opened on 13th September 2024 and the subscription closing date has been extended to 19th September 2024 due to bank holidays on 18th September.