Midwest Limited’s initial public offering (IPO), which opened for subscription on October 15, 2025, has garnered significant attention in the grey market, reflecting robust investor enthusiasm. The grey market premium (GMP) for the IPO has surged to ₹175.5, indicating a potential listing price of approximately ₹1,240.5 per share, which is about 16.5% higher than the upper issue price of ₹1,065.
IPO Details
- Price Band: ₹1,014 to ₹1,065 per equity share (face value ₹5)
- Issue Size: ₹451 crore
- Fresh Issue: ₹250 crore
- Offer for Sale (OFS): ₹201 crore
- Subscription Dates: October 15–17, 2025
- Listing Date: October 24, 2025 (tentative)
- Listing Exchanges: BSE and NSE
Subscription Status
As of October 16, 2025, the IPO has been subscribed 8.42 times overall. The retail portion has been subscribed 6.56 times, the non-institutional investor (NII) segment 22.44 times, and the qualified institutional buyer (QIB) portion 1.16 times.
Grey Market Insights
The GMP of ₹175.5 reflects a strong demand for Midwest Limited’s shares in the unregulated grey market. This premium suggests that investors are willing to pay above the issue price, anticipating a favorable listing. Market observers attribute this surge in GMP to the IPO’s positive subscription status and a rebound in the Indian stock market, which has bolstered investor sentiment.
Investment Outlook
Analysts have expressed optimism about the company’s prospects. BP Equities recommends a “SUBSCRIBE” rating, citing Midwest Limited’s established market position and the growing global demand for natural and engineered stone products. The company has demonstrated healthy compound annual growth rates (CAGR) in revenue and profit after tax (PAT) over FY23–25, indicating strong financial performance.
The surge in GMP for Midwest Limited’s IPO indicates strong investor confidence and anticipation of a favorable listing. While the grey market provides an informal gauge of investor sentiment, it is essential for potential investors to consider the company’s fundamentals and long-term prospects before making investment decisions. As the IPO subscription period concludes on October 17, 2025, investors will await the allotment and listing to assess the company’s market debut.
Also read:Hyundai Venue Spotted: A Clear Look at the Next-Gen Compact SUV
Last Updated on: Thursday, October 16, 2025 3:53 pm by Sakethyadav | Published by: Sakethyadav on Thursday, October 16, 2025 3:53 pm | News Categories: News
About Us: Republic Post covers the latest News on Current News, Business, Sports, Tech, Entertainment, Lifestyle, Automobiles, and more, led by Editor-in-Chief Ankur Srivastava. Stay connected on Facebook, Instagram, LinkedIn, X (formerly Twitter), Google News, and Whatsapp Channel.
Disclaimer: At Republic Post, we are committed to providing accurate, reliable, and thoroughly verified information, sourced from trusted media outlets. For more details, please visit our About, Disclaimer, Terms & Conditions, and Privacy Policy. If you have any questions, feedback, or concerns, feel free to contact us through email.
Contact Us: rishidharqitech@gmail.com
About The Author
Leave a Reply Cancel reply