The Midwest Ltd IPO is the latest public issue by Midwest Limited, a company engaged in natural stone and quartz processing. Headquartered in Telangana, Midwest Limited focuses on granite, quartz, and engineered stone products for both domestic and international markets. The IPO aims to raise ₹451 crore through a combination of fresh issue and offer-for-sale (OFS) by existing shareholders.
IPO Details: Price Band & Lot Size
The IPO price band has been fixed between ₹1,014 to ₹1,065 per share. The minimum lot size is 14 shares, meaning a retail investor must apply for at least one lot, amounting to an investment of ₹14,910 at the upper band. This pricing positions Midwest in the mid-cap category with a fair valuation considering its profitability and sector growth.
IPO Dates & Timeline
- IPO Open Date: October 15, 2025
- IPO Close Date: October 17, 2025
- Basis of Allotment: October 20, 2025 (tentative)
- Refunds & Share Credit: October 23, 2025
- Listing Date: October 24, 2025 (tentative, NSE & BSE)
Grey Market Premium (GMP)
The Midwest IPO GMP Grey Market indicates investor sentiment before listing. As per the latest updates, the GMP today stands around ₹170–₹175 per share, suggesting an expected listing gain of approximately 15–17% over the issue price. Earlier, the GMP had started at ₹125 on opening day and gradually strengthened with strong subscription demand. Based on this, the expected listing price is likely near ₹1,230–₹1,250 per share, though GMP is unofficial and subject to market volatility.
Corporate Events & Listing
The Midwest IPO comprises a fresh issue worth ₹250 crore and an OFS of ₹201 crore by existing promoters and shareholders. After successful subscription, the shares are expected to be listed on both NSE and BSE on October 24, 2025. The lead managers for the issue include top investment banks, and KFin Technologies is the registrar handling allotment and investor queries.
Dividend & Bonus
Currently, there are no dividend or bonus announcements associated with the IPO. The company’s focus remains on utilizing the raised capital for debt repayment, capacity expansion, and strengthening working capital. Investors should watch upcoming financial results for future dividend declarations post-listing.
Stock Price & Multibagger Potential
Given the strong subscription numbers and consistent GMP, Midwest Limited could list at a healthy premium. However, long-term returns depend on demand growth in engineered stone and quartz segments, export performance, and profitability margins. While some analysts see Midwest as a potential long-term compounder, calling it a “multibagger stock” would depend on sustained revenue growth and capital efficiency over multiple quarters.
Steps to Check IPO Allotment Status
Once the Midwest IPO closes, investors can check their allotment status using these steps:
- Visit the registrar’s official website (KFin Technologies).
- Go to the “IPO Allotment Status” section.
- Select Midwest Ltd IPO from the dropdown list.
- Enter your PAN, Application Number, or Demat Account ID.
- Click on “Submit” to view your allotment result.
The allotment status is expected to be available by October 20, 2025. Successful applicants will receive shares in their Demat accounts by October 23, 2025.
Disclaimer
This article is for informational and educational purposes only. It is not investment or financial advice. IPO investments carry risks, and Grey Market Premium (GMP) data is unofficial. Investors are advised to perform their own analysis or consult a financial advisor before investing.
Frequently Asked Questions (FAQs)
Q1: What is the Midwest IPO GMP today?
The Midwest IPO GMP today is around ₹170–₹175 per share, indicating possible listing gains of around 15–17% from the issue price band.
Q2: What is the price band and lot size for the Midwest IPO?
The IPO price band is ₹1,014 to ₹1,065 per share. The minimum lot size is 14 shares, making the minimum investment ₹14,910 for retail investors.
Q3: When will the Midwest IPO list on the stock exchange?
The shares of Midwest Limited are expected to list on NSE and BSE on October 24, 2025, subject to final confirmation from the exchanges.
