The initial public offering (IPO) of Midwest Ltd closed on October 17, 2025, and investors are keenly awaiting the allotment status, which is expected to be finalized on October 20, 2025. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 24, 2025.
Subscription Status and Issue Details
The ₹451 crore IPO was subscribed 87.89 to 92.36 times overall. The IPO includes a fresh issue of shares valued at ₹250 crore and an offer for sale (OFS) of ₹201 crore. The price band for the IPO was set at ₹1,014 to ₹1,065 per share, with a face value of ₹5 per share.
The category for Non-Institutional Investors (NIIs) was subscribed the most, followed by Qualified Institutional Buyers (QIBs) and retail investors. Employee also showed active participation.
The proceeds from the fresh issue will be used for expansion of its quartz facility, purchase of electric dump trucks, solar energy integration, repayment of debt, and general corporate purposes.
Grey Market Premium (GMP) Trends
The grey market premium (GMP) for Midwest IPO has seen fluctuations. On October 17, 2025, the GMP was reported to be around ₹145 to ₹175.5, suggesting a potential listing price of approximately ₹1,210 to ₹1240.5. However, it is important to note that GMP is an unofficial indicator and is subject to change based on market conditions.
How to Check Allotment Status Online
Investors can check their allotment status through the following methods:
-
Registrar's Website (Kfin Technologies Ltd.):
- Visit the official website of Kfin Technologies Limited.
- Select "Midwest" from the company list.
- Enter your Client ID, Application Number, or PAN.
- Click on Submit to view your allotment status.
-
BSE Website:
-
Go to the BSE IPO Allotment page.
- Select "Equity" under the Issue Type.
- Choose "Midwest" from the Issue Name dropdown.
- Provide your Application Number and PAN.
- Click "I am not a robot" and submit.
-
NSE Website:
-
Visit the NSE IPO allotment page.
- Select "Equity and SME IPO bids".
- Choose "Midwest" from the Issue Name dropdown.
- Provide your Application Number or PAN.
- Click on Submit.
-
IPO Ji App/Website:
-
Launch the IPO Ji app or visit their website.
- Navigate to the IPO Allotment Page.
- Create a free account by providing your PAN and Demat details.
- Choose Midwest Limited IPO from the list.
- Click on the Check Status button.
GMP Falls
It's important to note some reports indicate a fall in GMP. As of October 17, 2025, one report stated the GMP stood at ₹17.75 per share. This discrepancy highlights the volatile nature of GMP and the importance of not relying solely on this figure for investment decisions.
Important Dates
- Allotment Finalization: October 20, 2025.
- Listing Date: October 24, 2025.
Investors are advised to keep their Demat account details handy and refer to the official websites of BSE, NSE, and Kfin Technologies for accurate and updated information regarding the allotment status.
