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Midwest IPO Allotment Status To Be Out Soon! Here’s How You Can Check Status Online
The initial public offering (IPO) of Midwest concluded its subscription process on October 17. The mainboard issue continued its impressive run as it was oversubscribed 87 times on Friday, led by demand from non-institutional investors.
The IPO was booked 87.89 times on Friday
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QIBs: 139.87 times
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NIIs: 168.07 times
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RIIs: 24.26 times
The price band for the IPO is set between Rs 1014 and Rs 1065 per share.
The company, which launched its Initial Public Offering (IPO) on October 15, is a book-built issue valued at Rs 451 crore. This includes a fresh issue of 0.23 crore shares worth Rs 250 crore and an offer for sale (OFS) of 0.19 crore shares worth Rs 201 crore.
Dam Capital Advisors Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar for this issue.
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