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

The IPO of light logistics company Western Carriers Limited has opened today. Investors can bid for the shares till September 18. The company's shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 23. Western Carriers intends to raise a total of ₹492.88 crore through the issue. For this, the company is issuing 23,255,813 new shares worth ₹400 crore. At the same time, existing investors of the company are selling 5,400,000 shares worth ₹92.88 crore through Offer for Sale i.e. OFS. What is the minimum and maximum amount that can be invested? 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% shares are reserved for retail investors and the remaining 15% shares are reserved for non-institutional investors (NIIs). 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 across 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 metal, fast-moving consumer goods (FMCG), pharmaceuticals, chemical, engineering, oil and gas and retail sectors.

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