Western Carriers (India) IPO GMP Today
The Western Carriers (India) IPO GMP is ₹16 (+9.3% over the upper price band of ₹172) as of 24 Sep 2024, giving an estimated listing price of ₹188 per share. On a minimum application of 87 shares, that is an estimated gain of ₹1,392. GMP has fallen by ₹41 since tracking began on 13 Sep.
Last updated
- Issue Price
- ₹172
- GMP
- ₹16
- GMP %
- +9.3%
- Est. listing
- ₹188
- Est. gain / application
- +₹1,392
Western Carriers (India) IPO GMP trend
Tracked for 12 days. High ₹57 on 13 Sep, low ₹10 on 22 Sep.
Western Carriers (India) IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (87 sh) |
|---|---|---|---|---|---|
| (latest) | ₹16 | -₹4 | 9.30% | ₹188 | +₹1,392 |
| ₹20 | +₹10 | 11.63% | ₹192 | +₹1,740 | |
| ₹10 | 0 | 5.81% | ₹182 | +₹870 | |
| ₹10 | -₹6 | 5.81% | ₹182 | +₹870 | |
| ₹16 | -₹4 | 9.30% | ₹188 | +₹1,392 | |
| ₹20 | -₹30 | 11.63% | ₹192 | +₹1,740 | |
| ₹50 | 0 | 29.07% | ₹222 | +₹4,350 | |
| ₹50 | -₹6 | 29.07% | ₹222 | +₹4,350 | |
| ₹56 | -₹1 | 32.56% | ₹228 | +₹4,872 | |
| ₹57 | 0 | 33.14% | ₹229 | +₹4,959 | |
| ₹57 | 0 | 33.14% | ₹229 | +₹4,959 | |
| ₹57 | — | 33.14% | ₹229 | +₹4,959 |
Est. listing = upper price band (₹172) + GMP. Est. gain = GMP × 87 shares (1 lot, the minimum application).
Western Carriers (India) IPO subscription status
| QIB | 27.99x |
|---|---|
| bNII | 39.86x |
| sNII | 54.39x |
| Retail | 25.92x |
| Total | 30.55x |
Reading the Western Carriers (India) IPO GMP
The grey market premium is the price above the issue price at which Western Carriers (India) IPO shares are informally traded before listing. A GMP of ₹16 on an upper band of ₹172 suggests the shares could open around ₹188, if grey market sentiment holds until listing day.
GMP is not set by the company, the exchanges or SEBI. It moves daily with market conditions and subscription demand. Check it together with the subscription numbers and the company's financials before applying.
Western Carriers (India) IPO GMP: FAQs
- What is Western Carriers (India) IPO GMP today?
- The latest grey market premium (GMP) for the Western Carriers (India) IPO is ₹16 as of 24 September 2024, which is 9.30% over the upper price band of ₹172.
- What is the expected listing price of Western Carriers (India) IPO?
- Based on the current GMP, the estimated listing price of Western Carriers (India) IPO is ₹188 per share (₹172 issue price + ₹16 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Western Carriers (India) IPO?
- The lot size is 87 shares. The minimum application is 1 lot, which costs ₹14,964 at the upper price band.
- Is IPO GMP reliable?
- GMP reflects unofficial trades before listing and changes daily with market mood and subscription demand. It is a useful sentiment indicator but often differs from the actual listing price, so use it alongside the company's financials and subscription data.
GMP is an unofficial indicator compiled from grey market sources and is not investment advice. Actual listing prices can differ significantly. Read the offer document before investing.