Midwest IPO listing, Oct. 24 -- Shares of Midwest Limited witnessed a positive listing on Friday, October 24, following a strong response to its initial public offering (IPO). Midwest share price was listed at Rs.1,165 on both the BSE and the National Stock Exchange (NSE), a premium of 9.39% or Rs.100, over the issue price of Rs.1,065.

The listing was largely in line with expectations as signalled by the grey market premium (GMP). Midwest IPO GMP today was Rs.115 ahead of the listing, signalling a listing pop of 10.8%.

The company's IPO had witnessed a blockbuster response, having been subscribed 87.89 times on the final day of the bidding process.

Midwest IPO, open for bidding from October 15 to October 17, received bids for 27,39,83,...