Midwest IPO Details
Midwest IPO is a book-built issue of Rs 451 crore, consisting of 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.
The Hyderabad-based natural stone company, founded in 1981, is set to launch its initial public offering (IPO) on Wednesday, October.
Key Details
- IPO price band: Rs 1,014 to Rs 1,065 per share
- Minimum investment for retail investors: Rs 14,910 at the upper price band
- Grey market premium (GMP): Rs 0 as of 10:00 a.m on October
Note: GMP does not represent official data and is based on speculation.
The estimated listing price remains Rs 1,065, with no expected gain or loss per share on listing anticipated.
Author's summary: Midwest IPO launches with a price band of Rs 1,014 to Rs 1,065 per share.