The much-anticipated Midwest Plastics IPO has reached its crucial final stage, with share allotment expected to be finalized today. Investors who participated in the public offering are eagerly awaiting confirmation of their share allocation amid strong market interest.
What Investors Need to Know About Midwest IPO Allotment
The ₹100 crore public issue, which closed recently after receiving overwhelming response from investors, is now in the allotment phase. Successful applicants will receive shares directly in their demat accounts, while unsuccessful bidders will see their funds refunded.
Step-by-Step Guide to Check Allotment Status
- Visit the registrar's website - KFin Technologies Limited is handling the allotment process
- Select "Midwest Plastics Limited" from the dropdown menu of ongoing IPOs
- Choose your identification method - PAN number, application number, or DP client ID
- Submit details and view your allotment status instantly
Grey Market Premium Signals Strong Listing
Market sources indicate that Midwest Plastics shares are commanding a healthy premium in the grey market, suggesting potential listing gains for successful allottees. The GMP has been steadily climbing, reflecting strong investor confidence in the company's prospects.
What Happens After Allotment?
Once the allotment is complete, shares are expected to be credited to successful applicants' demat accounts by Thursday. The stock is scheduled to make its trading debut on both BSE and NSE on Friday, marking an important milestone for the plastic packaging solutions provider.
Investors who didn't receive allocation in the IPO can consider buying shares from the secondary market once listing occurs. However, market experts advise caution and proper research before making any investment decisions.
