Midwest IPO Allotment Status: Will You Be Among the Lucky Investors?
Midwest IPO Allotment Status
Today could be the day that decides your luck if you applied for the highly anticipated Midwest IPO. The allotment process ends on October 20, 2025, and investors all over the country are eagerly checking their status.
People are very excited and nervous about the shares going public on October 24. Let’s see how this IPO went and how you can quickly find out how much you got.
Midwest IPO Key Takeaways
- Midwest Ltd IPO allotment results are being finalized on October 20, 2025.
- The issue saw a massive 87.89x overall subscription, led by strong NII and QIB participation.
- The company raised ₹451 crore, including ₹250 crore as a fresh issue for expansion and debt reduction.
- Listing date: October 24, 2025, on BSE and NSE.
- GMP dropped from ₹175.5 to ₹110, hinting at a modest 10% listing premium.
Midwest IPO A Record-Breaking IPO Performance
Midwest Ltd, a major exporter that makes up 64% of India’s Black Galaxy Granite exports, had one of the most oversubscribed IPOs this year.
The company also owns 15.7% of the production of Absolute Black Granite and runs 16 mines in Telangana and Andhra Pradesh. Recently, Midwest has started processing quartz for the solar glass and engineered stone markets.
A lot of investors were interested in the IPO, and by the end of bidding on October 17, it had been oversubscribed 87.89 times.
| Category | Shares Reserved | Bids Received | Subscription (x) |
|---|---|---|---|
| QIBs | 8,87,572 | 12,41,48,388 | 104.78 |
| NII | 6,65,681 | 11,18,84,290 | 158.15 |
| Retail | 15,53,255 | 3,76,83,548 | 21.06 |
| Total | 31,17,460 | 27,39,83,920 | 87.89 |
How the Funds Will Be Used?
The company plans to use the ₹451 crore it raised in the following ways:
- ₹130.3 crore to grow quartz facilities through its Midwest Neostone subsidiary.
- ₹56.2 crore to pay off debts.
- ₹25.7 crore to buy electric dump trucks.
- ₹3.2 crore for solar panels at mining sites.
- Promoters Guntaka Ravindra Reddy and Kollareddy Rama Raghava Reddy will offer the remaining ₹201 crore for sale.
The price range was between ₹1,014 and ₹1,065 per share, and the smallest lot size was 14 shares (₹14,910 at the top end). On October 14, anchor investors put in ₹135 crore. The company said that FY25 revenue rose 7% to ₹603 crore and PAT rose 33% to ₹100.3 crore.
Midwest IPO Grey Market Buzz and Investor Sentiment
The grey market got off to a strong start, with the GMP reaching ₹175.5. However, it dropped to ₹110 by October 19, which suggests a listing price of around ₹1,175, which is about 10% higher than the issue price.
Even though this drop happened, people still feel mostly positive because the company has strong exports and solid fundamentals.
Investors had a lot of different feelings on social media. Many people were excited about the “88x subscription” because they thought it would lead to big gains on the stock market.
Others, though, pointed out that retail investors had a 1 in 20 chance of winning. For non-institutional investors, the odds were even worse: 1 in 120.
Check Your Midwest IPO Allotment Status
You can check your allotment using any of the following methods:
On BSE:
- Visit the BSE IPO Allotment Page.
- Choose Equity under issue type.
- Select Midwest Limited from the dropdown.
- Enter your application number or PAN and captcha to view results.
On NSE:
- Go to NSE IPO Bids Verification.
- Choose Equity and SME IPO bids.
- Select Midwest Limited.
- Enter PAN and application details to check status.
Via Registrar (KFin Technologies):
- Visit KFinTech IPO Status.
- Select Midwest Limited in the IPO dropdown.
- Use your Application Number, PAN, or Demat ID.
- Enter captcha and submit.
Last Thoughts On Midwest IPO Allotment Status
By October 23, 2025, all refunds and credits will have been processed. People are likely to pay a lot of attention to the listing on October 24, especially during the Diwali holiday season.
Dam Capital Advisors, Intensive Fiscal Services, and Motilal Oswal are the book-running managers. KFin Technologies is the registrar.
Good luck to all investors; may your name be among those chosen!
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