Midwest IPO GMP: Day 2 IPO Live Updates

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Posted by : sachet | Thu Oct 16 2025

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The Midwest IPO GMP is ₹175.5 as of 16th October 2025. It is a book-building IPO of ₹451.00 crore, comprising a fresh issue of 0.23 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 24th October 2025. The face value of Midwest shares is ₹10 per share, and the IPO price band is set at ₹1014 to ₹1065 per share. Retail investors can bid for a minimum of 1 lot of 14 shares, worth ₹14,910.

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Midwest IPO Grey Market Premium

As of 15th October 2025, the GMP for the Midwest IPO stands at ₹175.5 per share. Thus, the estimated listing price would be ₹1240.5. This indicates that the estimated listing gain in this IPO could be 16.48%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the Midwest IPO GMP updates.

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Listing Gains
16-10-2025	₹1065.00	₹175.50	₹1240.5	16.48%
15-10-2025	₹1065.00	₹175.50	₹1240.5	16.48%
14-10-2025	₹1065.00	₹145.00	₹1210	13.62%
13-10-2025	₹1065.00	₹0.00	₹1065.00	0.00%
12-10-2025	₹1065.00	₹0.00	₹1065.00	0.00%
11-10-2025	₹1065.00	₹0.00	₹1065.00	0.00%
10-10-2025	₹1065.00	₹0.00	₹1065.00	0.00%

Midwest IPO Details

IPO Open Date	15th October 2025
IPO Close Date	17th October 2025
IPO Allotment Date	20th October 2025
Refund Initiation	23rd October 2025
Issue Size	16,00,000 shares(aggregating up to ₹10.56 Cr)
Fresh Issue	23,47,417 shares(aggregating up to ₹250.00 Cr)
Offer for sale	18,87,323 shares of ₹5(aggregating up to ₹201.00 Cr)
Face Value	₹5per share
Lot Size	14 shares
Issue Price Final	₹1014 to ₹1065 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & NSE
Listing Date	17th October 2025

Explanation

Midwest IPO: Midwest Limited has announced that the issue price is set at ₹1014 to ₹1065 per share. With this IPO, the company allows retail investors to bid for one lot of 14 shares worth ₹14,910. The face value of Midwest Limited shares is ₹10 per share. The shares of Midwest Limited will be listed on BSE and NSE on its tentative listing day, 24th October 2025. Scroll down to view GMP updates and reviews of the Midwest IPO.

Objectives of the Midwest IPO

The primary aim of the Midwest IPO is to raise ₹451 crore. On the other hand, the Midwest has decided to utilise these funds in different ways.

To fund the capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant.
Capital expenditure for the purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary
Capital expenditure for the integration of solar energy at certain Mines of the Company.
To Pre-payment/re-payment of, in part or in full, certain outstanding borrowings of the Company and APGM.
To meet the General corporate purposes.

Midwest IPO Registrar

Kfin Technologies Limited is the registrar for the Midwest IPO, responsible for managing allotment and initiating refunds. For any queries regarding the Midwest allotment and refund, please contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222, 04079611000.

Midwest IPO Review

The Midwest IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Midwest Limited’s revenue increased by 7% from ₹603.32 crore in March 2024 to ₹133.30 crore in March 2025. Moreover, the company’s PAT rose by 33% from ₹100.32 crores to ₹133.30 crores.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Midwest IPO or not.

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Midwest IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	27.01
EPS (Earnings Per Share)	39.42
RoNW	22.11%
ROCE	18.84%
ROE	19.42%
EBITDA Margin	27.43%
Price to Book Value	6.50
Market Capitalisation	₹3851.02 Cr

The P/E ratio of Midwest Limited’s shares is 27.01, and its Earnings Per Share (EPS) stands at 39.42. Thus, the Midwest IPO can deliver gains on its tentative listing date, 24th October 2025.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Mittal Solutions Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	27.01	39.49
EPS	39.42	26.97

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FAQs on Midwest IPO

What is the GMP of the Midwest IPO?

Ans. As of 16th October 2025, the Midwest (Grey Market Premium) stands at ₹175.5. This suggests that the estimated listing price could be 1240.5.

What is the issue price of the Midwest IPO?

Ans. The Midwest IPO price range is ₹1,014 to ₹1,065 per share. Retail investors can apply for a minimum of 1 lot, each consisting of 14 shares, worth ₹14,910. Moreover, HNIs are required to bid for a minimum of 14 lots (196 shares) worth ₹2,08,740.

Who is the registrar of the Midwest IPO?

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Midwest IPO, download the Midwest IPO RHP and Midwest IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.