The Midwest IPO has garnered significant attention in the Indian stock market, with investors keenly observing its Grey Market Premium (GMP) as a potential indicator of listing gains. Understanding the GMP and other key details can help investors make informed decisions.
What is the Grey Market Premium (GMP)?
The GMP refers to the unofficial price at which IPO shares are traded before their official listing on the stock exchanges. A positive GMP indicates that the market anticipates a listing gain, while a negative GMP suggests the opposite. It's important to note that GMP is not an official metric and can be volatile.
Midwest IPO GMP Today
As of October 16, 2025, the Midwest IPO GMP stands at ₹175.5, reflecting a 16.43% premium over the upper price band of ₹1,065 per share. This surge in GMP suggests strong investor interest and positive market sentiment towards the IPO.
Subscription Status and Investor Interest
The IPO opened for subscription on October 15, 2025, with a price band set between ₹1,014 and ₹1,065 per share. On Day 1, the issue was subscribed 1.31 times, with 40.77 lakh shares bid against the total offer size of 31.17 lakh shares. By Day 2, the subscription increased to 1.84 times, indicating growing investor confidence.
Key Details of the Midwest IPO
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Issue Size: ₹451 crore
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Price Band: ₹1,014 to ₹1,065 per share
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Subscription Dates: October 15 to October 17, 2025
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Listing Date: October 24, 2025 (tentative)
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Use of Proceeds: Business expansion, working capital requirements, and potential debt repayment
Should You Invest?
The rising GMP and increasing subscription rates suggest a positive outlook for the Midwest IPO. However, investors should consider their individual risk tolerance and investment goals before proceeding. It's advisable to consult with a financial advisor to assess whether this IPO aligns with your investment strategy.
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