Apply This IPO

Best Margin

Zero Brokerage

24*7 Customer Support.

Fastest mobile support

---

Apply with Angel One

Apply with Zerodha

Pre-Apply with Upstox

Western Carriers (India) Limited IPO Details

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large investors with financial expertise, such as mutual funds, insurance companies, pension funds & hedge funds, who are the considered to have expertise & resources will evaluate investment opportunities QIBs are required to meet the certain investment norms set by the Securities & Exchange Board of India (SEBI) in order to participate in the IPO Initial Public Offering , and are the allowed to issue shares at the price of lower than the price offered to retail investors.

• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are usually individual investors, high net worth individuals (HNIs), or institutions without financial standards to be closed as QIBs. They are allowed to participate in IPOs at the same price as retail investors.

NII category has two subcategories:

1. sNII - sNII" means "small non-institutional investor". This sub-category includes investors who have created shares of ₹2 lakh and ₹10 lakh in IPO.

2. bNII - "bNII" means "large investor other than institutional investor". This sub-category includes the investors who have created the shares of IPO, worth more than ₹10 lakh in IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are the individual investors who apply for the share’s worth up to ₹2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.

• Employee (EMP)- In an IPO, the category of Employees (EMP) is reserved for the employees, directors & associate employees of the issuing company, and the shares to be allocated to this category by the issuing company is determined by the main administrator of the IPO.

• Others- A class of qualified shareholders.