Western Carriers IPO GMP: The IPO of logistics company Western Carriers (India) Limited has opened on 13 September. The IPO of this Kolkata-based company will close on 18 September. New shares worth up to Rs 500 crore will be issued in the IPO. At the same time, 54 lakh shares will be sold through Offer for Sale (OFS). On the first day of the IPO, it was subscribed to 0.85. The company had brought an offer for anchor investors on 12 September. Know the details of the IPO ahead.

How much is GMP (Western Carriers IPO GMP)

The price band of Western Carriers shares in the IPO is Rs 163-172, while according to IPO Watch, its GMP i.e. grey-market premium is Rs 55. The company's listing will take place on BSE and NSE on September 23 after the IPO.

What is the lot size of shares (Western Carriers IPO Lot Size)

The lot size in its IPO is 87 shares. That means one can apply for a minimum of 87 shares and then shares in multiples of this.

What is the process of IPO

• A company decides to launch an IPO and get listed on the stock exchanges
• They apply to market regulator SEBI to launch an IPO.
• After getting approval from SEBI, companies launch IPO. IPO has two parts
• In the first part, it sells shares to institutional investors (anchor investors, i.e., big companies, etc.)
• Then the IPO opens for the public, in which retail, HNI, etc. investors apply.
• After subscription, the company allots shares to the investors and the company gets listed on a fixed date.