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Midwest Ltd’s Quartz Processor IPO Opens Strong with ₹135 Cr Anchor Investment

Midwest Ltd’s Quartz Processor IPO Opens Strong with ₹135 Cr Anchor Investment

Author:

Global Cryptocurrency

Published:

2025-10-15 08:02:01

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BTCCSquare news:

Midwest Ltd's ₹451-crore initial public offering began subscription today, securing ₹135 crore from anchor investors ahead of the public launch. The granite producer allocated shares at ₹1,065 apiece to institutional players including Goldman Sachs and Edelweiss Life Insurance, with domestic mutual funds claiming nearly half the anchor portion.

The IPO structure combines a ₹250 crore fresh issue with a ₹201 crore offer for sale, pricing shares between ₹1,014-1,065. Subscription runs through October 17, 2025, though the listing exchange remains unspecified in regulatory filings. Market observers note the strong anchor participation signals institutional confidence in the building materials sector.

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