The much-awaited Midwest Ltd IPO closed for subscription on October 17, 2025, drawing an impressive response from investors.
Known for producing and exporting Black Galaxy Granite, the company’s issue was subscribed 87.89 times, reflecting strong investor confidence.
The IPO allotment results are likely to be finalized today, October 20, followed by the credit of shares to demat accounts and refunds for those who didn’t get shares.
The stock is expected to list on October 24, 2025.
How to Check Midwest IPO Allotment Status
Investors can check their allotment status online through the BSE, NSE, or Kfin Technologies websites.
On NSE:
Visit the NSE IPO page.
Choose Equity and SME IPO bid details.
Select Midwest Limited from the list.
Enter your PAN or application number and submit.
On BSE:
Go to the BSE IPO status page.
Select Equity and choose Midwest Limited.
Enter your details and click Search to view your allotment.
On Kfin Technologies:
Visit the Kfin Technologies website.
Select Midwest Limited.
Enter PAN, application number, or demat account details and submit.
Strong Investor Demand and Issue Details
The IPO saw bids for 27.39 crore shares, with QIBs subscribing 139.87 times, NIIs 168.07 times, and RIIs 24.26 times their respective quotas.
The ₹451 crore IPO included a fresh issue worth ₹250 crore and an offer-for-sale (OFS) of ₹201 crore by promoters Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy.
Price Band: ₹1,014 – ₹1,065 per share
Face Value: ₹5 per share
Lot Size: 14 shares
Listing Date: October 24, 2025 (tentative)
About Midwest Limited
Founded in 1981 and headquartered in Hyderabad, Midwest Limited operates in granite mining and exports.
Its revenue grew from ₹585.62 crore to ₹626.18 crore, while profit after tax rose from ₹100.32 crore to ₹133.30 crore in FY25 — signaling strong business growth.
With solid financials and robust investor interest, all eyes are now on October 24, when Midwest makes its stock market debut.
