Midwest IPO allotment status today: Check online on KFin Technologies, NSE, BSE; listing date, time revealed

Midwest IPO allotment status: The basis of allotment of quartz processor Midwest Limited will be finalised on Monday, October 20. The details will be out on the websites of the NSE, the BSE and the registrar, KFin Technologies.

The initial public offering was subscribed 87.89 times, with bids for 27,39,83,920 shares compared to 31,17,460 shares on offer, as per the BSE data.

The initial share sale was a combination of a fresh issue of shares aggregating to ₹250 crore and an offer-for-sale of ₹201 crore by promoters Guntaka Ravindra Reddy and Kollareddy Rama Raghava Reddy.

Of the fresh issue, the company will utilise ₹130.3 crore for Phase II expansion of its quartz facility under its arm Midwest Neostone, ₹56.2 crore for debt repayment, ₹25.7 crore for electric dump trucks, ₹3.2 crore for solar energy integration at select mines, and the rest for corporate general purposes.

With a price band of ₹1,014 to ₹1,065 per share, a lot consisted of 14 shares.

Midwest is engaged in the mining and processing of natural stone and has expanded beyond granite into quartz processing via its Phase I facility, serving the engineered stone and solar glass segments.

Midwest IPO allotment date and time

Midwest IPO allotment status is likely to be finalised on Monday, October 20, by late evening.

Midwest IPO allotment status online on NSE; step-by-step guide

• Visit the allotment page of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select the 'Equity & SME IPO bid details' option
• Pick 'MIDWESTLTD' from the 'Select Symbol' list
• Add PAN and application number
• Press the 'Submit' button

How to check Midwest IPO allotment status online on BSE

• Go to BSE's allotment portal on your browser: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as ‘Equity’
• Select ‘Midwest Limited’ from the list of IPO names
• Fill in your PAN and application number
• Hit the 'Search' button

Steps to check Midwest IPO allotment status online on KFin Technologies

• Visit this link: https://ipostatus.kfintech.com/
• From the 'Select IPO' menu, click on 'Midwest Ltd'
• Enter either your Demat, Application No or PAN
• Click on the 'Submit' button

Midwest IPO listing date and time

Shares of Midwest Ltd will be listed on the NSE and the BSE on Friday, October 24, at 10 am.

Midwest IPO GMP