Midwest’s Rs 451 crore IPO enters its final bidding day with strong subscription, exceeding 11 times by Day 2. Despite a slight dip in grey market premium, it remains positive, suggesting a potential listing price around Rs 1,200. The company, a leading Black Galaxy Granite exporter, plans to use IPO funds for expansion and debt reduction.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets