Allotment of initial public offerings (IPOs) of Arkade Developers and Western Carriers (India) is likely to be finalised today. Here's how you can check the allotment status of these IPOs online: IPO

The company’s IPO includes a fresh issue of equity worth Rs 400 crore and an offer-for-sale (OFS) of up to 54 lakh equity shares and aims to raise Rs 492.88 crore

Shares of Western Carriers are set to list on the BSE and the National Stock Exchange on Tuesday, September 24.

Investors are awaiting the share allotment results for the Western Carriers India IPO, which saw strong demand during its five-day bidding window. With the introduction of the new T+3 listing rule, the IPO allotment status is expected to be announced to.

Logistics company Western Carriers (India) ’s initial public offering (IPO) is opening for subscription today (Friday, September 13). The book-built issue, which aims to raise ₹492.88 crore, will conclude on Wednesday,

The IPO of Western Carriers India ran between September 13-19 as it had offered its shares in the fixed price band of Rs 163-172 per share with a lot size of 87 shares.

The initial public offer of Western Carriers (India) closed on September 19 and the company will likely to allot shares today. The investors who have applied to check the IPO allotment status on BSE website and on the website of registrar, Link Intime India. Investors can check the allotment status by providing PAN details and application number.

According to stock market observers, shares of the company are available at a premium of ₹52 in the grey market today

In the unlisted market, shares of Western Carriers are trading at a premium of ₹35, which was lower than the previous day's GMP of ₹50.

The Rs 493-crore initial share sale got bids for 63,57,12,654 shares, as against 2,08,68,467 shares on offer, as per NSE data.

Limited, which wraps up today, has generated a notable buzz in the Indian primary market. As of September 19, 2024, market observers report a strong response from investors, buoyed by recent economic developments including a significant rate cut by the US Federal Reserve.