Midwest shares debut with 9% listing gain after Rs 451 crore IPO sees strong demand
Shares of Midwest made a strong debut on Thursday, opening at ₹1,165, up 9.39% from the issue price, following overwhelming investor demand during its initial...
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Shares of Midwest made a strong debut on Thursday, opening at ₹1,165, up 9.39% from the issue price, following overwhelming investor demand during its initial...
The company has developed deep expertise in creating products and solutions for specialized disciplines across IT Infrastructure, IT Enabled Services (IteS) and Cloud and Data Management Services
Out of the total allocation of 2,25,00,000 equity shares to the anchor investors, 75,00,000 equity shares were allocated to 7 domestic mutual funds through a total of 15 schemes amounting to Rs. 270 crore i.e. 33.33% of the Total Anchor Book Size.
The shares surged almost 195% post listing. As of 10:15 AM, Vibhor Steel Tubes share price was up 193% (vs issue price) at Rs 442.50 on the NSE.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, February 22, 2024, for subscription and close on Monday, February 26, 2024.
The fourth quarter of 2023 emerged as the standout period of the year, accounting for nearly 40% of the total listings in 2023.