Midwest Limited IPO Massively Oversubscribed, Market Cap Hits Rs 3,851 Crore
Midwest Limited's Initial Public Offering (IPO) has witnessed overwhelming response from investors. The issue, priced between Rs 1,014 and Rs 1,065 per share, was subscribed 139.87 times by Qualified Institutional Buyers (QIBs), 168.07 times by Non-Institutional Investors (NIIs), and 24.26 times by Retail investors. Following the issue, Midwest's market capitalisation stands at Rs 3,851 crore.
The IPO, with a total size of Rs 451 crore, comprised a fresh issue of Rs 250 crore and an Offer for Sale (OFS) of Rs 201 crore. Investors could apply for a minimum of 14 shares. Midwest's IPO allotment status can be checked online at https://ipostatus.kfintech.com/. Select 'Midwest Limited - IPO', enter identification details, and click 'Submit'.
In comparison, EV Digital Invest's IPO in Europe saw an issue price of €14.00 per share, with 495,000 shares issued. However, no issuing bank was named for either Midwest or EV Digital Invest's IPOs.
Midwest Limited's IPO has been a resounding success, attracting significant interest from various investor segments. Post the issue, Midwest's market capitalisation has reached Rs 3,851 crore. Investors can now check their allotment status online.
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