Western Carriers IPO subscribed by 10 times so far on day 4, GMP down to 29%. Check details
IPO) of Western Carriers was subscribed by 10 times so far on the fourth day of the bidding process attracting a strong demand from retail and non institutional investors (NIIs).
The portion reserved for the retail investors as well as the NIIs received a solid response and was booked a little over 14 times so far around 10:30 am today.
The quota reserved for qualified institutional buyers (QIBs) was booked by just 10%. In all, 5.91 lakh share bids were received from QIBs around this time against 58,98,528 shares available for booking.
The IPO comprises a fresh equity sale of Rs 400 crore and an offer for sale (OFS) of up to 54 lakh shares by promoter selling shareholder Rajendra Sethia.
Western Carriers IPO price band
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