The initial public offering of logistics company Western Carriers (India) Ltd, which opened for public subscription on Friday, is witnessing its second day of bidding on Monday. The price band of the Rs 492.88-crore IPO has been fixed at Rs 163 to Rs 172 per share for the public issue. Till 12:03 pm on the second day of bidding on Monday, the IPO received a 2.53 times subscription garnering bids for 5,08,30,533 shares as against the 2,00,59,070 shares on offer.