The allotment of shares in the IPO of Western Carriers (India) Limited will be finalized on Friday, September 20. On the last day of bidding, September 19, the mainboard issue closed with strong subscription. Bids came for more than 63.78 crore shares against 2.08 crore shares. The retail portion of the Western Carriers IPO was subscribed 25.95 times. The price band of the IPO is ₹163 to ₹172 per share. Before the IPO opened, the company raised ₹148 crore from anchor investors. The gray market premium can be 20 per cent i.e. Rs 35 per share.

1. Open the BSE website at https://www.bseindia.com

2. Visit https://www.bseindia.com/investors/appli_check.aspx 3. Under Issues, select 'Equity' 4. Select Western Carriers (India) Limited from the list 5. Enter your PAN or IPO application number 6. Click on 'Search' to check the allotment status. How to check Western Carriers Limited IPO allotment on Registrar's portal 1. First, visit the website of the registrar which is Link Inktime India Private Limited (https://www.linkintime.co.in/) 2. Go to Services 3. From IPO, select Western Carriers Limited 5. Click on PAN, Application Number, DP/Client ID, or Account Number/IFSC from the list 6. Enter the required data 7. Click on Submit to check the status. You can check the share allotment for Western Carriers IPO on the NSE website. Know about Western Carriers IPO The price band of the IPO is ₹163 to ₹172 per share. Before the IPO opened, the company raised ₹148 crore from anchor investors. The proceeds from the IPO will be used to repay debt and purchase commercial vehicles, containers and reach stackers. A part of the amount raised will be used for general corporate purposes. What does Western Carriers do? It is a logistics company. It deals with logistics of goods like metals and mining, oil and gas, pharmaceuticals, chemicals, FMCG. It has more than 1,600 customers. The company's clients include Tata Consumer Products, Hindalco Industries, Tata Steel, Vedanta, HUL, Coca-Cola India and Balco.