Western Carriers (India) IPO GMP History
Western Carriers (India) IPO has been listed on September 24, 2024 at a listing price of ₹171, against the issue price of ₹172 — a loss of ₹1 (-0.58%). The GMP peaked at ₹59 on 16 September 2024 and reached a low of ₹10 on 21 September 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Western Carriers (India) IPO raised ₹492.88 Cr. through its IPO at a price band of ₹163 to ₹172 per share, with a lot size of 87 shares. The IPO was open for subscription from 13 Sep 2024 to 19 Sep 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:54 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Sep 2024 | ₹ 15 | ▲ | 9% | — | — |
| 21 Sep 2024 | ₹ 10 | ▼ | 6% | — | — |
| 20 Sep 2024 | ₹ 20 | ▼ | 12% | — | — |
| 19 Sep 2024 | ₹ 24 | ▼ | 14% | — | — |
| 17 Sep 2024 | ₹ 49 | ▼ | 28% | — | — |
| 16 Sep 2024 | ₹ 59 | ▲ | 34% | — | — |
| 13 Sep 2024 | ₹ 53 | — | 31% | — | — |
Western Carriers (India) IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 13 Sep 2024
- Close 19 Sep 2024
- Allotment 20 Sep 2024
- Refund/credit 23 Sep 2024
- Listing 24 Sep 2024
Western Carriers (India) IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹172 |
|---|---|
| GMP-based estimate (pre-listing) | ₹187 (+8.7%) |
| Listing gain / loss | −₹1 per share |
| Listing date | 24 Sep, 2024 |
| Actual listing price | ₹171 (-0.58%) |
Is Western Carriers (India) IPO GMP reliable?
Grey market premium for Western Carriers (India) IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Western Carriers (India) IPO full review for a fundamentals-based assessment before making any grey market trades.
Western Carriers (India) IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Western Carriers (India) IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Western Carriers (India) IPO
Western Carriers (India) Limited was incorporated as Western Carriers (India) Private Limited in Kolkata on 23 March 2011. As per the 1Lattice report, it is the largest private, multi-modal, rail-focused, 4PL asset-light logistics company in India by container volumes handled by private players in Fiscal 2023.
Its domestic and EXIM market shares by container volume were 6% and 2% in Fiscal 2023. It has years of experience moving goods by road, rail and sea or river for domestic and export-import customers.
Its promoters are Rajendra Sethia and Kanishka Sethia.
The IPO was Rs 492.88 crore, with Rs 400.00 crore of fresh issue and Rs 92.88 crore of offer for sale by Rajendra Sethia. Rs 163.50 crore was planned for repaying borrowings and Rs 151.71 crore for vehicles, containers and reach stackers.
Frequently asked
What is the GMP of Western Carriers (India) IPO?
The current Grey Market Premium (GMP) of Western Carriers (India) IPO is ₹ 15.
What is the Kostak Price of Western Carriers (India) IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Western Carriers (India) IPO is not available.
What is the Subject to Sauda Price of Western Carriers (India) IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Western Carriers (India) IPO?
Western Carriers (India) IPO listed on September 24, 2024 at ₹171, against the issue price of ₹172 — a loss of -0.58%.
How did the GMP of Western Carriers (India) IPO trend before listing?
The GMP of Western Carriers (India) IPO was rising in its final days before listing. The GMP peaked at ₹59 on 16 September 2024. View the day-wise table above for the complete GMP history.
Explore Western Carriers (India) IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
