{"id":45242,"date":"2024-09-13T13:24:03","date_gmt":"2024-09-13T07:54:03","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=45242"},"modified":"2025-11-10T13:33:18","modified_gmt":"2025-11-10T08:03:18","slug":"big-ipo-day-western-carrier-rs-492-88-crore-offer-3-sme-ipos-now-open-key-insights","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/big-ipo-day-western-carrier-rs-492-88-crore-offer-3-sme-ipos-now-open-key-insights\/","title":{"rendered":"Big IPO Day: Western Carrier \u20b9492.88 Crore Offer & 3 SME IPOs Now Open! Key Insights"},"content":{"rendered":"
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Investors are in for a treat today as the primary market welcomes diverse IPOs. From the logistics sector to specialized manufacturing, there’s something for everyone. Western Carriers (India) Limited, a prominent player in the logistics industry, is making its debut with a mainboard IPO. <\/p>\n\n\n\n

Meanwhile, three SME IPOs from Envirotech Systems Limited, Deccan Transcon Leasing Limited, and Popular Foundations Limited are also opening today. These companies are looking to raise a total of \u20b9608.05 crore.<\/p>\n\n\n\n

Let’s dive into the details of these exciting offerings.<\/p>\n\n\n\n

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IPO Full Form<\/a><\/div>\n<\/div>\n\n\n\n

<\/p>\n\n\n\n

Western Carriers (India)<\/strong><\/h2>\n\n\n\n
Offer Price<\/td>\u20b9163 \u2013 \u20b9172 per share<\/td><\/tr>
Face Value<\/td>\u20b95 per share<\/td><\/tr>
Opening Date<\/td>13 September 2024<\/td><\/tr>
Closing Date<\/td>18 September 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/td>28,655,813<\/td><\/tr>
Total Issue Size (in \u20b9)<\/td>\u20b9492.88 Cr<\/td><\/tr>
Issue Type <\/td>Book Built Issue IPO<\/a><\/td><\/tr>
Lot Size<\/td>87 Shares<\/td><\/tr>
Listing at <\/td>BSE<\/a>, NSE<\/a><\/td><\/tr><\/tbody><\/table>
Source: RHP<\/a><\/figcaption><\/figure>\n\n\n\n

Western Carriers (India) is offering 28,655,813 shares to the public, raising up to \u20b9492.88 crores. The IPO<\/a> includes a fresh issue of \u20b9400.00 crores and an offer for sale of \u20b992.88 crores. The shares will be listed on both BSE and NSE, increasing the company’s shareholding from 78,699,400 to 101,955,213. Investors can bid for a minimum of 87 shares and must bid in multiples of 87. The minimum lot size investment for sNII is 1,218 shares (\u20b9209,496), and for bNII, it is 5,829 shares (\u20b91,002,588).<\/p>\n\n\n\n

Objectives of the IPO<\/strong><\/h3>\n\n\n\n

The objectives outlined by Western Carriers (India) for the IPO<\/a> are:<\/p>\n\n\n\n