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Shares of Midwest Ltd list at around 10% premium on debut
Midwest Ltd listed at a roughly 10% premium over its IPO price, marking a strong debut for the issue amid mixed broader market sentiment.
Shares of Midwest Ltd, a quartz-processing firm, were listed on India’s stock exchanges today after its public offering in mid-October. The allotment price was ₹1,065, and the shares opened at approximately ₹1,165 on the BSE and NSE — representing a roughly 10% premium for investors. Grey-market premiums had indicated similar gains ahead of listing. The successful debut is being viewed as positive for the IPO market, though broader equity-market sentiment remains cautious amid global macro risks and domestic profit-taking. Investors will now watch liquidity and follow-on performance.