Midwest IPO GMP - Live Grey Market Premium

Listed
Midwest IPO

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.

Issue Price
1065
Current GMP
115
GMP %
+10.80
Est. Listing Price
1180
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IPO Details

Price Range
₹1014.0 - ₹1065.0
Issue Size
₹451.00 Cr
Lot Size
14 shares
IPO Type
Mainboard
Open Date
15 Oct 2025
Close Date
17 Oct 2025
Allotment Date
20 Oct 2025
Listing Date
24 Oct 2025

GMP Timeline

DateIPO PriceGMPEst. Price% Change
20 Oct 2025Live
1065
115
1180
+10.80
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
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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.

Back to GMP TrackerView Full IPO Details

Frequently Asked Questions

What is GMP (Grey Market Premium)?
GMP (Grey Market Premium) is the premium at which IPO shares are traded in the unofficial market before official listing. It indicates market sentiment and expected listing price. A positive GMP suggests strong demand, while negative GMP indicates weak market sentiment.
What is the current GMP for Midwest IPO?
The current GMP for Midwest IPO is ₹115. This represents a 10.80% premium over the issue price of ₹1065.
What is the estimated listing price based on current GMP?
Based on the current GMP of ₹115 and issue price of ₹1065, the estimated listing price for Midwest IPO is ₹1180. However, the actual listing price may differ based on market conditions on 24 October 2025.
How is GMP calculated?
GMP is determined by market demand and supply in the unofficial grey market. It's the difference between the expected listing price and the issue price. Higher GMP indicates strong demand and investor confidence, while lower or negative GMP suggests weak demand.
Is GMP reliable for IPO investment decisions?
GMP provides market sentiment but shouldn't be the sole factor for investment decisions. It's unofficial and can change daily. Consider company fundamentals, financials, market conditions, and your risk appetite before investing. GMP is a reference indicator, not a guarantee.
Can GMP change before listing?
Yes, GMP is highly volatile and can change daily based on market conditions, subscription levels, overall market sentiment, and news about the company. The GMP you see today may be different tomorrow, and it can change until 24 October 2025.
What happens if GMP is negative?
A negative GMP indicates the stock may list below the issue price, suggesting weak market demand. However, actual listing price may differ from GMP predictions, and negative GMP doesn't guarantee a loss.
How does GMP affect IPO subscription?
High GMP often correlates with high subscription rates as investors expect good listing gains. However, this isn't always true. Some IPOs with high GMP may have lower subscription if investors are cautious. GMP reflects market sentiment, which can influence subscription behavior.
What is the estimated profit based on GMP?
For a lot size of 14 shares, the estimated profit based on current GMP of ₹115 is ₹1,610. This is calculated as: Lot Size × GMP × Number of Lots. Note: This is an estimate and actual listing price may vary.