Midwest Limited IPO Oversubscribed: Retail Investors Lead the Way
Midwest Limited's Initial Public Offering (IPO) has sparked significant interest among investors. The price band for the IPO is set at Rs 1,014-1,065 per share, with a minimum lot of 14 shares. The total issue size is Rs 451 crore, comprising a fresh issue of Rs 250 crore and an offer for sale of Rs 201 crore.
The IPO received overwhelming responses from different investor categories. Retail investors subscribed 24.26 times, Non-Institutional Investors (NIIs) subscribed 168.07 times, and Qualified Institutional Buyers (QIBs) subscribed 139.87 times the issue size.
Investors can check their allotment status on the website https://ipostatus.kfintech.com/. After selecting 'Midwest Limited - IPO', they can enter their identification details and submit the form.
The Midwest IPO, with a post-issue market cap of Rs 3,851 crore at the upper band, has witnessed robust demand from various investor segments. The allotment status can be checked online, providing investors with ease and convenience.
