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Midwest share price: Midwest, India's largest Black Galaxy Granite producer, debuted on stock exchanges at a 9.4% premium, reflecting strong investor demand for its Rs 451 crore IPO. The company's integrated model, global reach, and robust financial performance, including significant revenue and profit growth, position it as a strong player in the natural stone sector. Shares of Midwest listed at a 9.4% premium at Rs 1,165 on both NSE and BSE on Friday. The Rs 451 crore IPO generated strong inv ...Read More >
The allotment for Midwest's Rs 451 crore IPO will be finalised on Monday and investors who applied for the issue can soon check whether they have received shares. The issue received a massive response from investors, subscribing 92.36 times overall, led by strong demand from institutional and non-institutional investors. The IPO consisted of a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 201 crore, priced between Rs 1,014-1,065 per share. The company is expected to list on both ...Read More >
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives. Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on ...Read More >
New Delhi, Oct 16 (PTI) The initial public offer of Midwest Ltd got subscribed 11.72 times on the second day of bidding on Thursday. The three-day IPO received 3,65,44,382 shares against 31,17,460 shares on offer, as per NSE data. The quota for non-institutional investors garnered 33.19 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 8.19 times. The portion for Qualified Institutional Buyers (QIBs) received 1.84 times subscription. The initial publi ...Read More >
AICC in-charge for Andhra Pradesh Manickam Tagore and YSR Congress President Jagan Reddy Amaravati: AICC in-charge for Andhra Pradesh Manickam Tagore on Wednesday hit back at former Chief Minister and YSR Congress Party president Y.S. Jagan Mohan Reddy after he alleged that Leader of Opposition in Lok Sabha Rahul Gandhi is in touch with Chief Minister N. Chandrababu Naidu through hotline. The Congress MP said that the people of Andhra Pradesh know that Chandrababu Naidu, Prime Minister Narend ...Read More >
Speaking in Nellore, Reddy said that there was an undeclared emergency-like situation in the state National Democratic Alliance (NDA) members on Friday hit out at YSR Congress Party (YSRCP) chief and former Andhra Pradesh chief minister Jagan Mohan Reddy for his recent remarks during a visit to Nellore. They also rejected his claims of vindictive politics by the NDA government. Speaking in Nellore, Reddy said that there was an undeclared emergency-like situation in the state. He slammed the co ...Read More >
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