New Delhi, Oct 24 (PTI) Shares of Midwest Ltd on Friday ended with a premium of over 7 per cent against the issue price of Rs 1,065.

The stock started trading at Rs 1,165.10, up 9.39 per cent from the issue price on the BSE. During the day, it surged 11.69 per cent to Rs 1,189.50. Shares of the firm finally ended at Rs 1,141.10, up 7.14 per cent.

At the NSE, the stock listed at Rs 1,165, up 9.38 per cent. It ended at Rs 1,140.50, up 7.08 per cent.

The company’s market valuation stood at Rs 4,126.31 crore.

The Rs 451-crore initial public offering (IPO) of Midwest Ltd received 87.89-times subscription on the final day of bidding on Friday last week.

The public issue had a price band of Rs 1,014-1,065 per share.

The IPO comprised a fresh issue of shares worth Rs 250 crore and an offer-f

See Full Page