Midwest Limited’s Rs 451 crore IPO, priced at Rs 1,014–1,065 per share, opens October 15. With 50% allocated to QIBs, the issue includes a fresh issue of Rs 250 crore and an offer for sale of Rs 201 crore, marking India’s largest quartz and granite producer’s market debut.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise