Midwest IPO

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 (10.80%)
Overall Subscription
92.36x
Issue Size
₹451.00 Cr
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Live Subscription by Application

CategoryApplications OfferedApplications ReceivedSubscription
QIB8,44,5797860.00x
FII
-56-
DFI
-53-
MF
-16-
Other
-661-
NII3,2332,17,32467.22x
bNII
2,15587,32040.52x
Corporate
-715-
Individual
-82,431-
Other
-4,174-
sNII
1,0781,30,004120.60x
Corporate
-263-
Individual
-1,23,508-
Other
-6,233-
Retail1,05,60921,13,13420.01x
Cut-off price
-17,02,442-
Fixed price
-4,10,692-
Employee74112,69017.13x
Cut-off price
-10,294-
Fixed price
-2,396-
Total9,54,16223,43,9342.46x

Live Subscription by Shares

CategoryShares OfferedShares AppliedSubscription
QIB8.45 L12.41 Cr146.99x
FII
-3.05 Cr-
DFI
-4.89 Cr-
MF
-1.03 Cr-
Other
-3.45 Cr-
NII6.34 L11.19 Cr176.57x
bNII
4.22 L8.52 Cr201.77x
Corporate
-7.30 L-
Individual
-8.05 Cr-
Other
-40.52 L-
sNII
2.11 L2.67 Cr126.17x
Corporate
-57.15K-
Individual
-2.53 Cr-
Other
-12.47 L-
Retail14.79 L3.77 Cr25.49x
Cut-off price
-3.07 Cr-
Fixed price
-69.63 L-
Employee10.37K2.68 L25.81x
Cut-off price
-2.10 L-
Fixed price
-57.85K-
Total29.67 L27.40 Cr92.34x

Subscription Summary

QIB
Shares Applied:146.99x
Applications Offered:0.00x
NII
Shares Applied:176.57x
Applications Offered:67.22x
Retail
Shares Applied:25.49x
Applications Offered:20.01x
Employee
Shares Applied:25.81x
Applications Offered:17.13x

Quick Stats

Total Categories4
IPO TypeMainboard
StatusListed

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Data Last Updated

20 Oct 2025, 01:26 pm

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Understanding Subscription Categories

QIB

Qualified Institutional Buyers

Includes FII, DFI, Mutual Funds, and other qualified institutions.

NII

Non-Institutional Investors

High net-worth individuals: bNII (₹10L+) and sNII (₹2L-₹10L).

Retail

Retail Individual Investors

Retail investors with applications up to ₹2 lakh per PAN.

Frequently Asked Questions

What is the current subscription status of Midwest IPO?
The current overall subscription for Midwest IPO is 92.36x. This indicates the total demand relative to the shares offered. Higher subscription typically suggests strong investor interest.
How to check Midwest IPO subscription status?
You can check Midwest IPO subscription status on IPOwiz, BSE website, NSE website, or your broker's platform. Subscription data is updated regularly during the IPO period from 15 October 2025 to 17 October 2025.
What do subscription numbers mean?
Subscription numbers show how many times the IPO is oversubscribed. For example, 92.36x means the IPO received 92.36x times more applications than shares available. Higher subscription in retail category generally means lower allotment chances.
When does Midwest IPO subscription close?
The subscription for Midwest IPO closes on 17 October 2025. Applications must be submitted before the closing time on this date. Late applications will not be accepted.
What is the difference between QIB, NII, and Retail subscription?
QIB (Qualified Institutional Buyers) includes mutual funds, FIIs, and other institutions. NII (Non-Institutional Investors) includes high net-worth individuals investing above ₹2 lakh. Retail includes individual investors with applications up to ₹2 lakh. Each category has separate subscription quotas.
How does subscription affect allotment chances?
Higher subscription in your category means lower allotment chances. For example, if retail subscription is 92.36x, it means there are 92.36x times more applications than shares available, making allotment competitive.
When will Midwest IPO allotment be finalized?
The allotment for Midwest IPO will be finalized and announced on 20 October 2025. You can check your allotment status on the registrar's website, BSE, NSE, or your demat account after this date.
What happens after subscription closes?
After subscription closes on 17 October 2025, the company and registrar process all applications. Allotment is finalized by 20 October 2025, and shares are credited to successful applicants' demat accounts before the listing date on 24 October 2025.
Can I apply after subscription closes?
No, you cannot apply after the subscription closes on 17 October 2025. All IPO applications must be submitted during the subscription period from 15 October 2025 to 17 October 2025. Late applications are automatically rejected.
What is the issue size and lot size for Midwest IPO?
The issue size for Midwest IPO is ₹451.00 Cr, and the lot size is 14 shares. The price range is ₹1014.0 - ₹1065.0. You must apply in multiples of the lot size.