Western Carriers (India) IPO Subscription Status
Western Carriers (India) IPO was subscribed 31.69 times when bidding closed on 19 Sep 2024: QIB 28.81x, NII 46.68x, Retail 26.92x.
The Western Carriers (India) IPO has been subscribed 31.69x times overall. Retail investors have shown interest with bids for 26.92x the shares available. The Non-Institutional Investor (NII) category has been subscribed 46.68x. Within NII, Big HNI (B-HNI) subscribed 41.65x and Small HNI (S-HNI) subscribed 56.73x. Qualified Institutional Buyers (QIBs) have subscribed 28.81x. Data last updated on 10 Nov, 06:54 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 13 Sep, 2024 and closes on 19 Sep, 2024. The shares are expected to list on stock exchanges on 24 Sep, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 28.81x |
| NII | - of - - | 46.68x |
bHNI — bid amount above ₹10 Lakh |
- - | 41.65 |
sHNI — bid amount ₹2–10 Lakh |
- - | 56.73 |
| Retail | - of - - | 26.92x |
| TOTAL | - - | 31.69x |
Western Carriers (India) IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 27 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 28.81x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 5-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
19 Sep 2024
Day 5 |
31.69x | ▼ | |
|
QIB28.81x
BHNI41.65x
SHNI56.73x
Retail26.92x
|
|||
|
18 Sep 2024
Day 4 |
13.89x | ▼ | |
|
QIB0.14x
BHNI17.22x
SHNI28.35x
Retail18.61x
|
|||
|
17 Sep 2024
Day 3 |
9.43x | ▼ | |
|
QIB0.09x
BHNI10.22x
SHNI17.8x
Retail13.27x
|
|||
|
16 Sep 2024
Day 2 |
4.83x | ▼ | |
|
QIB0.03x
BHNI4.23x
SHNI7.57x
Retail7.31x
|
|||
|
13 Sep 2024
Day 1 |
0.78x | ▼ | |
|
QIB-
BHNI0.25x
SHNI0.62x
Retail1.4x
|
|||
Western Carriers (India) IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Western Carriers (India) IPO?
As of IPO close date (19 Sep, 2024), the Western Carriers (India) IPO is subscribed 31.69x times. Retail category is 26.92x, and NII is 46.68x subscribed.
When is the allotment date for Western Carriers (India) IPO?
The allotment for Western Carriers (India) IPO is expected to be finalized on 20 September, 2024.
What is the GMP of Western Carriers (India)?
The Grey Market Premium (GMP) for Western Carriers (India) is currently ₹15, indicating a potential listing gain of 9%.
When will Western Carriers (India) IPO list on the stock market?
Western Carriers (India) is scheduled to list on BSE and NSE on 24 September, 2024.
What are the chances of getting allotment in Western Carriers (India) IPO?
The retail category is oversubscribed at 26.92x, meaning allotment is by lottery. Statistically, approximately 1 in 27 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 28.81x mean for Western Carriers (India) IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 28.81x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Western Carriers (India) IPO allotment status?
After the allotment date (20 Sep, 2024), you can check your Western Carriers (India) IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Western Carriers (India) IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
