Midwest IPO Day 3: GMP, Subscription Status & Review

The Midwest IPO has become one of the most talked-about public issues this week. Investors are showing strong interest as the Midwest IPO subscription status continues to rise, and the Midwest IPO GMP today reflects growing excitement in the market. Let’s understand the key updates, investor sentiment, and expert opinions before deciding whether to apply or not.

What Is the Midwest IPO All About?

The Midwest Ltd IPO opened for subscription on October 15, 2025, and will close on October 17, 2025. The company, known for its strong presence in Black Galaxy Granite exports, plans to raise ₹451 crore through this issue. Out of this, ₹250 crore will come from fresh shares and ₹201 crore through an offer for sale (OFS).

Midwest Ltd has diversified into new segments like quartz and HMS (High-Metal Silicate), aiming to cater to fast-growing industries such as solar glass, electric vehicles (EVs), aerospace, and semiconductors. This move could help the company grow faster and reduce dependence on traditional granite exports.

Midwest IPO GMP Today

According to market observers, the Midwest IPO Grey Market Premium (GMP) today is around ₹175, up from ₹145 yesterday. This ₹30 rise shows strong investor confidence. Over the last two sessions, the Midwest IPO GMP has increased from ₹130 to ₹175, showing clear momentum.

Experts believe this GMP rise is linked to two main factors —

1. The strong Midwest IPO subscription status.

2. The positive trend in the stock market, where Nifty 50 recently crossed key resistance levels of 25,300 and 25,500.

With the index expected to reach 25,800–26,300, analysts think the sentiment around the Midwest IPO may stay positive till listing.

Midwest IPO Subscription Status

As of the end of Day 2, the Midwest IPO has been subscribed to 11.73 times overall, showing strong demand across all investor categories.

• Retail investors: 8.19 times

• Non-Institutional Investors (NII): 33.20 times

• Qualified Institutional Buyers (QIB): 1.68 times

These numbers suggest that both retail and HNI investors have shown huge interest in the IPO. The final Day 3 numbers are expected to be even higher.

Midwest IPO Review: Expert Opinions

Several brokerage firms have shared their views on the Midwest IPO, and most experts are positive about the company’s long-term potential.

🔹 Aditya Birla Money

They have given the issue a “Subscribe for Long-Term” tag. While the IPO is priced at a P/E of 30x, which seems a bit high, the firm believes Midwest’s diversification into high-growth areas like EVs and solar glass will improve future profitability.

🔹 Canara Bank Securities

This firm also recommends a “Subscribe” rating for long-term investors. Despite a higher valuation (around 27x compared to peers’ 12x), Midwest’s strong leadership in granite exports and consistent profit margins make it a promising bet.

🔹 BP Equities and Ventura Securities

Both have given a “Subscribe” rating, while SBI Capital Securities remains neutral, suggesting investors weigh valuation risks against growth potential.

Midwest IPO Allotment and Listing Date

The Midwest IPO allotment date is expected around October 18, 2025. However, since it falls on a Saturday, the final share allocation might happen by October 20, 2025 (Monday). The Midwest IPO listing date is most likely to be October 25, 2025, considering stock market holidays on October 22 and 23.

Should You Apply for the Midwest IPO?

If you are a long-term investor, analysts suggest subscribing to the Midwest IPO. The company’s move toward new-age materials, green energy, and industrial diversification could boost future earnings.

However, if you are a short-term investor, note that the valuation is on the higher side. While the Midwest IPO GMP today looks promising at ₹175, listing gains are never guaranteed. Market volatility and global cues can affect short-term performance.

In simple terms:

• Apply for long-term if you believe in industrial growth and sustainability.

• Be cautious if you are aiming only for listing gains.

The Midwest IPO has captured market attention with its strong subscription numbers, rising GMP, and positive expert reviews. While the valuation is slightly stretched, the company’s solid fundamentals, growth prospects, and leadership in the granite export segment make it a worthwhile long-term investment.

As always, investors should check their risk appetite and consult a financial advisor before making any IPO decision.