Midwest IPO GMP - Live Grey Market Premium
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Midwest Ltd. is a four-decade-old natural stone industry specialist, India’s largest producer and exporter of Black Galaxy Granite (holding around 64% of India’s export market share in FY25) and also the largest producer of Absolute Black Granite. The company's core business involves exploration, mining, processing, and export of these premium dimensional stones from its 16 captive granite mines across Telangana and Andhra Pradesh. Additionally, it manufactures **Diamond Wire** cutting tools and, as of September 2025, has commenced operations at its new **Quartz Processing Plant** for diversification. Midwest operates across the entire value chain from mine to distribution, serving 17 countries globally, including China, Italy, and Sweden.
IPO Details
GMP Timeline
| Date | IPO Price | GMP | Est. Price | % Change |
|---|---|---|---|---|
20 Oct 2025Live | 1065 | 101 | 1166 | +9.48 |
19 Oct 2025 | 1065 | 101 | 1166 | +9.48 |
18 Oct 2025 | 1065 | 110 | 1175 | +10.33 |
17 Oct 2025 | 1065 | 110 | 1175 | +10.33 |
16 Oct 2025 | 1065 | 145 | 1210 | +13.62 |
15 Oct 2025 | 1065 | 175 | 1240 | +16.43 |
14 Oct 2025 | 1065 | 145 | 1210 | +13.62 |
13 Oct 2025 | 1065 | 0 | 1065 | 0.00 |
12 Oct 2025 | 1065 | 0 | 1065 | 0.00 |
11 Oct 2025 | 1065 | 0 | 1065 | 0.00 |
10 Oct 2025 | 1065 | 0 | 1065 | 0.00 |
Important Notes About Grey Market Premium
Grey Market Premium (GMP) is an unofficial value that indicates investor sentiment before the IPO listing. It is the premium amount at which IPO shares are traded in the grey market before they are officially listed on the stock exchange.
GMP fluctuates based on market conditions and investor sentiment. A positive GMP suggests the market expects the stock to list above its issue price, while a negative GMP suggests it may list below the issue price.
The actual listing price may differ from the estimated price based on GMP due to market conditions on the listing day. GMP is not an official indicator and should not be the sole basis for investment decisions.
IPOwiz updates the GMP values regularly, but these values are sourced from unofficial channels and should be used as a reference only.