Midwest IPO, Oct. 15 -- The initial public offering (IPO) of Midwest, which opened on Wednesday, October 15, received a strong response from investors, as it sailed through on the first day itself. The bidding was led by the non-institutional and retail investors.

The issue will remain open for bidding till October 17.

As of 5:00 pm, Midwest IPO was subscribed 1.84 times. Within this, the Qualified Institutional Buyers (QIB) portion was subscribed 0.50 times, the Non-Institutional Investors (NII) segment saw robust interest with 4.17 times subscription, and the Retail Individual Investors (RII) category was subscribed 1.60 times. Lastly, the employee quota was subscribed 2.54 times.

Midwest IPO received bids for 57,33,840 shares as aga...