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The mainboard IPO of Midwest Ltd, India's top black galaxy granite exporter received strong demand from investors with the period to subscribe closing on October 17.

The IPO bidding opened for subscription on October 15 - Oct 17. The allotment date is expected to likely be October 20, as per a market tracking site.

With the public listing date slated for October 24, and Midwest shares will be listed on both the Indian stock market exchange indices, BSE Sensex and NSE Nifty.

After the basis of share allotment is finalised, the mining exploration company will credit the equity shares into the demat of eligible allotment holders on Oct 23, and so would process of returning back refunds to unsuccessful bidders on the same day.

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