The initial public offering (IPO) of Midwest Ltd. continues to receive a robust response from investors. The bidding opened on October 15, 2025, and will close on October 17, 2025. The company, known for producing and exporting premium Black Granite, has set its IPO price band at ₹1,014–₹1,065 per share.

Midwest IPO GMP Today (October 16, 2025)

According to market observers, the Midwest IPO GMP (Grey Market Premium) today stands at ₹145 per share, showing an increase of ₹15 from yesterday’s ₹130.
Analysts attribute this rise in GMP to the strong investor demand and the recent rebound in Indian stock markets. The positive sentiment indicates strong listing expectations for the Midwest IPO.

Midwest IPO Subscription Status (Day 2)

As of 10:21 AM on Day 2, the Midwest IPO has been subscribed 3.02 times overall.
Here’s the segment-wise breakdown:

  • Retail investors: 2.45 times

  • Non-Institutional Investors (NII): 7.68 times

  • Qualified Institutional Buyers (QIB): 0.52 times

The IPO aims to raise ₹451 crore, which includes ₹250 crore through a fresh issue and ₹201 crore via an offer for sale (OFS). The shares will be listed on BSE and NSE.

Midwest IPO Review: Should You Subscribe?

According to experts, Midwest Ltd. shows promising growth potential backed by strong financial performance and expanding global demand for natural stone products.

BP Equities Review

BP Equities recommends a “Subscribe” rating, stating:

“Midwest has demonstrated healthy growth, with revenue and PAT CAGRs of 11.6% and 56.5% (FY23–25). Its strategic positioning and expansion projects support long-term profitability. At the upper price band, the valuation stands at a P/E of 27x FY25 earnings.”

Ventura Securities Review

Ventura Securities also assigns a “Subscribe” tag, highlighting the company’s strategic initiatives:

“Midwest’s expansion into quartz and rare earth mineral mining, alongside its growing granite business, enhances its long-term growth prospects. The firm’s FY25 granite sales volume rose to 108,892 cubic meters from 91,875 cubic meters in FY24.”

Additionally, Aditya Birla Money and Canara Bank Securities have also recommended subscribing to the IPO, citing its strong fundamentals and diversified growth strategy.
However, SBI Capital Securities has not rated this mainboard IPO.

⚠️ Disclaimer

This article is for educational purposes only. Investors are advised to consult certified financial experts before making investment decisions.