Western Carriers IPO will open today: Investors can bid till September 18, minimum investment ₹ 14,964

The Initial Public Offering (IPO) of light logistics company Western Carriers Limited has opened today. Investors can bid for shares till September 18. On September 23, the company's shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Western Carriers wants to raise a total of Rs 492.88 crore through this issue. For this, the company is issuing 23,255,813 fresh shares worth Rs 400 crore. At the same time, the existing investors of the company are selling 5,400,000 shares worth Rs 92.88 crore through Offer for Sale i.e. OFS. If you are also planning to invest money in it, then we are telling you how much you can invest in it. What is the minimum and maximum amount you can invest? 35% of the issue reserved for retail investors The company has reserved 50% of the issue for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). Western Carriers was established in 2011 Western Carriers (India) Limited was established in 2011. The company is a multi-modal, rail-focused 4PL asset-light logistics company. The company provides multi-modal logistics solutions along with road, rail, water and air transport and a range of value-added services. The company is headquartered in Kolkata. The company provides its services in metals, fast-moving consumer goods (FMCG), pharmaceuticals, chemicals, engineering, oil and gas as well as retail sectors. Tata Steel Limited, Hindalco Industries Limited, Jindal Stainless Limited, JSW Steel, Coated Products Limited, Bharat Aluminium Company Limited, Vedanta Limited and Hindustan Unilever Limited are its clients. What is an IPO? When a company issues its shares to the general public for the first time, it is called an Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings an IPO.

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