Midwest IPO allotment: Steps to check status on BSE, NSE and KFin Technologies

Midwest Ltd. is expected to finalise the share allotment status for its ₹451-crore initial public offering (IPO) on Monday, October 20, following a strong subscription.

The mainboard issue comprised a fresh issuance of 23 lakh shares, worth ₹250 crore, and an offer-for-sale (OFS) of 19 lakh shares, amounting to ₹201 crore. The issue, open for subscription from October 15 to 17, saw an overwhelming response with a total subscription of nearly 88 times, as investors bid for 27.4 crore shares against the 31.17 lakh shares on offer.

The Non-Institutional Investors (NIIs) segment led the rally with a subscription of 168 times, followed by a booking of 140 times by the Qualified Institutional Buyers (QIBs). The retail investors subscribed their segment 25.52 times. The price band for the IPO was fixed at ₹1,014–₹1,065 per share.

The Midwest IPO investors can check the share allotment status on the websites of the BSE, NSE and the issue registrar, KFin Technologies.

How to check Midwest IPO allotment status on BSE

1. Go to the BSE IPO allotment page.

2. Choose ‘Equity’ under the issue type.

3. Select ‘Midwest Ltd’ from the dropdown list.

4. Enter your Application Number or PAN.

5. Click on ‘Search’ to view your allotment details.

Steps to check IPO allotment status on KFin Technologies

1. Visit https://ipostatus.kfintech.com/.

2. Click on the link for Midwest IPO.

3. Select ‘Midwest’ from the dropdown.

4. Enter any of the following — PAN, Application Number, or Demat Account ID.

5. Click ‘Submit’ to check your allotment status.

Investors can also verify their allotment on the NSE website by using their PAN and Application Number.

After the finalisation of share allocation, refunds to non-allottees and credit of shares to successful bidders’ Demat accounts will be processed by October 23. Shares of Midwest Ltd are tentatively scheduled to be listed on the BSE and NSE on October 24.

About Midwest

Midwest Ltd is a leading player in the natural stone industry, involved in exploration, mining, processing, marketing, and export of natural stones. It is India’s largest producer and exporter of Black Galaxy Granite, with 20 operational mines, including 16 granite mines, 3 quartz mines, and one marble mine spread across Telangana, Andhra Pradesh, Karnataka and Tamil Nadu.