Midwest IPO Allotment Update & What You Need to Know

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. The IPO was open for bids from 15 October 2025 to 17 October 2025.

Subscription Status (How Many People Applied)

• Day 1: Subscribed about 1.84× overall.
• Day 2: Crossed 6× subscription by afternoon.
• Day 3: Massive demand reached around 32× subscription overall.

The IPO 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 a leading producer and exporter of Black Galaxy Granite and Absolute Black Granite.
• The Grey Market Premium (GMP) has shown strong momentum, indicating investor optimism for 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

1. Keep your PAN number, application number, or DP ID ready.
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. Refunds will be processed automatically if not allotted.

Things to Consider / Risks

• High subscription reduces chances of allotment due to excess demand.
• A high GMP doesn’t guarantee profit on listing — actual market performance may differ.
• Valuations are relatively high despite solid growth prospects.
• The stone and mining sector faces regulatory and environmental risks.

What Should You Do?

If you’ve applied:

• Keep track of the allotment date (20 Oct) and check your status promptly.
• Monitor refund and demat credit updates around 23 Oct.

If you’re allotted shares:

• Prepare for the listing on 24 Oct. Decide whether to hold for long-term potential or book listing gains.

If you missed applying:

• Watch the listing performance to understand investor sentiment for upcoming IPOs.

The Midwest IPO has seen massive demand, strong subscription numbers, and a healthy grey-market buzz. Allotment results are expected soon, so investors should stay alert and check their status carefully. The upcoming listing on NSE and BSE will be a key event for investors and market watchers to gauge sentiment in the IPO market.