Midwest IPO Day 2 LIVE Updates: Midwest IPO subscription began on October 15, with a price band of ₹1,014 to ₹1,065. The firm aims to raise ₹451 crore and has garnered ₹135 crore from anchor investors. Midwest IPO GMP today is ₹175.5.
Midwest IPO Day 2 LIVE Updates: Issue subscribed 1.84x so far. GMP hints over 16% listing pop.Check review, key details
Midwest IPO GMP today is ₹175.5. This indicates Midwest share price is trading at a premium of ₹175.5 in the grey market on Thursday, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Midwest share price was indicated at ₹1,240.5 apiece, which is 16.48% higher than the IPO price of ₹1,065.
According to the grey market activities over the last seven sessions, today’s IPO GMP shows an upward trend and is anticipated to have a robust listing. The minimum GMP recorded is ₹0.00, whereas the maximum GMP stands at ₹175.50, as per experts.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
