Western Carriers IPO: What GMP indicates ahead of issue opening tomorrow
IPO) of Western Carriers will open for public subscription on Friday. Ahead of the debut, the company's shares have no GMP in the unlisted market.
The IPO, which is priced in the range of Rs 163-172 apiece, will close on September 18 and the bidding for anchor investors will be done later today.
The issue consists of 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.
About 50% in the public offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
Proceeds from the fresh issue will be used to repay borrowings, fund capital expenditure towards the purchase of commercial vehicles, containers, and reach stackers, with the remainder allocated for general corporate purposes.
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Western Carriers has a pan-India presence through over 50 branch offices and four zonal offices
