Midwest IPO Allotment Status OUT Today: Heavily OverSubscribed 92 Times; GMP Hints at Nearly 10% Profit on Lis

The Midwest IPO allotment status will be released today, October 20th after the issue received a massive response from investors during the three-day bidding period. The Rs. 451 crore IPO of Midwest Ltd. was subscribed an impressive 92.36 times overall. The Rs. 451 crore IPO is trading with a healthy premium of Rs. 101 in the grey market this morning, indicating positive listing expectations.

Massive Investor Interest in Midwest IPO

The Midwest IPO opened for subscription on October 15th, and closed on October 17th, attracting investors from all categories. The issue saw 25.52 times subscription in the retail segment, 146.99 times in the Qualified Institutional Buyers category, and a record 176.57 times in the Non-Institutional Investors category.

The IPO consists of both a fresh issue of 0.23 crore shares worth Rs. 250 crore and an offer for sale of 0.19 crore shares worth Rs. 201 crore, aggregating to a total issue size of Rs. 451 crore. The price band was fixed between Rs. 1,014 and Rs. 1,065 per share, and the tentative listing date on both BSE and NSE is October 24

Midwest IPO GMP and Expected Listing Price

According to Investorgain, the Midwest IPO grey market premium (GMP) is Rs. 101 as of October 20th. Based on the upper price band of Rs. 1,065, the estimated listing price is around Rs. 1,166 per share, implying a listing gain of approximately 9.48%. If the momentum continues, Midwest Ltd. is likely to make a strong debut on the exchanges.

How to Check Midwest IPO Allotment Status

Investors who applied for the IPO can check their Midwest IPO allotment status online once it is finalized by the official registrar, KFin Technologies Limited. The process is simple and can be done through multiple platforms.

Via KFin Technologies (Registrar Website)

Step 1: Visit https://kfintech.com
Step 2: Go to the IPO section and select 'Midwest India Industries Ltd'
Step 3: Enter your Application Number, PAN, or DP ID/Client ID
Step 4: Enter the captcha and click Submit to view your allotment status

Via BSE Website

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select 'Equity' under Issue Type
Step 3: Choose 'Midwest India Industries Ltd' from the dropdown menu
Step 4: Enter your Application Number or PAN and click Search

Via NSE Website

Step 1: Go to https://www.nseindia.com
Step 2: Under the 'Invest' tab, click 'Verify IPO Bids'
Step 3: Enter your PAN or Application Number and click Submit

Investors allotted shares will receive credit in their Demat accounts by October 23rd while refunds for unallotted applicants will also be processed around the same time.

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