Midwest IPO, Oct. 13 -- The initial public offering of Midwest will open for public subscription on Wednesday, October 15, and will remain open till Friday, October 17. The Rs.451 crore mainboard IPO is a combination of a fresh issue of nearly 23 lakh shares to raise Rs.250 crore and an offer for sale of 19 lakh shares for Rs.201 crore.

Midwest IPO price band has been set at Rs.1,014-1,065. As much as 50 per cent of the net offer is reserved for qualified institutional buyers (QIBs), while retail investors have been offered 35 per cent of the net issue; the remaining 15 per cent is reserved for non-institutional investors (NIIs).

Midwest IPO share allotment is expected to be finalised on Monday, October 20. Successful bidders can expect...