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Out of the three companies, only Western Carriers' stock was listed at a discount i.e. at a lower price. The issue price was kept at Rs 172 per share. At the same time, the premium on listing in the grey market was only Rs 10. The issue opened on September 13. The issue was subscribed more than 30 times.

The listing of the stock was slow. But after this the stock reached a high of Rs 177 in the first 5 minutes.

 

 

Western Carriers IPO- The price band of the IPO was ₹ 163 to ₹ 172 per share. The money raised from the IPO will be used to repay the 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 metal and mining, oil and gas, medicine, chemicals, FMCG. It has more than 1,600 customers. The company's customers include Tata Consumer Products, Hindalco Industries, Tata Steel, Vedanta, HUL, Coca-Cola India and Balco. 

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