Midwest IPO Allotment Update

What is the Midwest IPO?

Midwest Limited, a company in the natural stone and quartz processing industry, has launched an IPO to raise about ₹451 crore. The price band is set between ₹1,014 and ₹1,065 per share. It opened for bids from 15 October 2025 to 17 October 2025.

Subscription Status (How Many People Applied)

Here are the recent subscription details:

• On Day 1, it was subscribed to about 1.84 times overall.

• On Day 2, the IPO crossed 6× subscription by afternoon.

• On Day 3, the issue saw massive demand, reaching around 32× subscription overall.

• The issue received strong interest from all investor categories — retail, HNI, and institutional investors.

Allotment & Listing Dates to Watch

• Basis of Allotment: Expected on 20 October 2025.

• Refunds & Demat Credit: Around 23 October 2025.

• Listing Date: Expected on 24 October 2025 on NSE and BSE.

Why the Strong Demand?

• Midwest is one of India’s top producers and exporters of Black Galaxy Granite and Absolute Black Granite.

• The Grey Market Premium (GMP) has been showing strong momentum, indicating investor optimism about listing gains.

• The company’s plans to expand into quartz processing and solar energy integration have attracted long-term investors.

How to Check Midwest IPO Allotment Status

If you applied for the IPO, here’s how you can check your allotment:

1. Keep your PAN number, application number, or DP ID handy.

2. Visit the registrar’s website (KFin Technologies Ltd) or the NSE/BSE IPO allotment page.

3. After the basis of allotment is uploaded (around 20 October 2025), enter your details to check your status.

4. If allotted, shares should appear in your demat account around 23 October 2025. If not, refunds will be processed automatically.

Things to Consider / Risks

• High subscription means lower chances of allotment since demand exceeds supply.

• A high GMP doesn’t guarantee profit on listing — actual market performance may vary.

• Analysts have noted that while growth prospects are solid, valuations are on the higher side.

• The stone and mining sector can face regulatory and environmental risks that could impact operations.

What Should You Do?

If you’ve applied:

• Keep an eye on the allotment date (20 Oct) and check your status on time.

• Track refund and demat credit updates around 23 Oct.

If you’re allotted shares:

• Be ready for the listing on 24 Oct. Plan in advance whether to hold for long-term potential or book listing gains.

If you missed applying:

• You can still watch the listing performance to understand investor sentiment for upcoming IPOs.

The Midwest IPO GMP has witnessed massive investor demand, with strong subscription figures and a healthy grey-market buzz. Allotment results will be announced soon, so investors should stay alert and check their status carefully. The upcoming listing will be an important event for both investors and market watchers to gauge sentiment in the IPO market.