{"id":19314,"date":"2025-10-20T05:16:42","date_gmt":"2025-10-20T05:16:42","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/10\/20\/midwest-ipo-gmp-falls-allotment-likely-to-be-finalised-today-a-step-by-step-guide-to-check-status-ipo-news\/"},"modified":"2025-10-20T05:16:42","modified_gmt":"2025-10-20T05:16:42","slug":"midwest-ipo-gmp-falls-allotment-likely-to-be-finalised-today-a-step-by-step-guide-to-check-status-ipo-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/20\/midwest-ipo-gmp-falls-allotment-likely-to-be-finalised-today-a-step-by-step-guide-to-check-status-ipo-news\/","title":{"rendered":"Midwest IPO GMP Falls: Allotment Likely To Be Finalised Today, A Step-By-Step Guide To Check Status | Ipo News"},"content":{"rendered":"


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Last Updated:<\/span>

The Midwest IPO allotment is likely to be finalised in the evening today, October 20. The allotment status can be checked online by following these steps:<\/h2>\n
\"Midwest<\/p>\n

Midwest IPO Allotment Status.<\/p>\n<\/figure>\n

Midwest IPO Allotment Today:<\/strong> The basis of allotment of the Midwest IPO, which closed on Friday, is likely to be finalised today, Monday, October 20. Once finalised, investors will receive bank debit messages. They can also check the Midwest IPO<\/a> allotment status on the websites of the BSE and the NSE, as well as on the portal of registrar Kfin Technologies.<\/p>\n

Meanwhile, its GMP has fallen to 9.48% on Monday, as compared with nearly 13% last week.<\/p>\n

The Rs 451-crore mainboard initial public offering (IPO) of quartz processor Midwest, which was open between October 15 and October 17, received a strong 92.36x subscription, garnering bids for 27,40,31,674 shares as against the 29,67,136 shares on offer. Its retail category received a 25.52x subscription, while the NII (non-institutional investor) quota has received a 176.57x subscription. The QIB category received a 146.99x subscription.<\/p>\n

Midwest IPO Allotment Status<\/strong><\/p>\n

The Midwest IPO allotment is likely to be finalised in the evening today, October 20. The allotment status can be checked online by following these steps:<\/p>\n

1) Go to the official BSE website via the URL \u2014 https:\/\/www.bseindia.com\/investors\/appli_check.aspx<\/a>.<\/p>\n

2) Under \u2018Issue Type\u2019, select \u2018Equity\u2019.<\/p>\n

3) Under \u2018Issue Name\u2019, select \u2018Midwest Ltd\u2019 in the dropbox.<\/p>\n

4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the \u2018Permanent Account Number\u2019 option.<\/p>\n

5) Then, click on the \u2018I am not a robot\u2019 to verify yourself and hit the \u2018Search\u2019 option.<\/p>\n

Your share application status will appear on your screen.<\/p>\n

On Kfin Technologies\u2019 Portal<\/strong><\/p>\n

You can also visit directly on the registrar Kfin Technologies\u2019 portal \u2014 https:\/\/ipostatus.kfintech.com\/<\/a> and check the Midwest IPO allotment status.<\/p>\n

On NSE\u2019s Website<\/strong><\/p>\n

The allotment status can also be checked on the NSE\u2019s website at https:\/\/www.nseindia.com\/invest\/check-trades-bids-verify-ipo-bids<\/a>.<\/p>\n

Midwest IPO Listing Date<\/strong><\/p>\n

The Midwest IPO listing is scheduled to take place on October 24 on both the BSE and the NSE.<\/p>\n

Midwest IPO GMP Today<\/strong><\/p>\n

According to market observers, unlisted shares of Midwest Ltd have fallen to Rs 1,166 apiece in the grey market, compared with the upper IPO price of Rs 1,065. It means a grey market premium (GMP) of 9.48%, indicating mild listing gains for investors as of now.<\/p>\n

The GMP had stood at nearly 13% on the last day of bidding on Friday morning.<\/p>\n

The GMP is based on market sentiments and keeps changing. \u2018Grey market premium\u2019 indicates investors\u2019 readiness to pay more than the issue price.<\/p>\n

The IPO will be listed on both the BSE and the NSE on October 24.<\/p>\n

Midwest IPO Price & Lot Size<\/strong><\/p>\n

The price band of the IPO has been fixed in the range of Rs 1,014 to Rs 1,065 apiece. The lot size for the issue was 14. It means a retail investor needed to apply for a minimum 14 shares (a lot) and in multiple thereof. The minimum investment required is Rs 14,910, on the upper price of the IPO.<\/p>\n

Midwest IPO: More Details<\/strong><\/p>\n

The Rs 451-crore IPO is a combination of a fresh issue of shares worth Rs 250 crore and an offer-for-sale (OFS) of Rs 201 crore.<\/p>\n

Of the fresh issue, Rs 130.3 crore will go towards Phase II expansion of its quartz facility under subsidiary Midwest Neostone, Rs 25.7 crore for electric dump trucks, and Rs 3.2 crore for solar energy integration at select mines.<\/p>\n

Additionally, Rs 56.2 crore will be used to repay borrowings, with the remainder earmarked for general corporate purposes.<\/p>\n

Brokerage notes on the Midwest Granite IPO paint a mixed picture, with some analysts recommending investors to subscribe while others urge caution due to valuation concerns.<\/p>\n

Midwest Ltd has said it has mobilised Rs 135 crore from anchor investors, just a day before its initial share-sale opening for public subscription.<\/p>\n

As of June 2025, the company\u2019s consolidated borrowings stood at Rs 270.1 crore.<\/p>\n

With over four decades in the natural stone industry, the company has expanded beyond granite into quartz processing through its Phase I plant, catering to the engineered stone and solar glass segments. It is further diversifying into heavy mineral sands exploration as well as the processing of rare earth elements.<\/p>\n

Telangana-based Midwest operates 16 granite mines across Telangana and Andhra Pradesh, producing premium Black Galaxy found exclusively in a single village in Andhra Pradesh and Absolute Black granite, both widely used in global real estate projects.<\/p>\n

For FY2025, net profit stood at Rs 133.3 crore, while revenue was Rs 626.2 crore.<\/p>\n

Midwest is expected to make its stock market debut on October 24.<\/p>\n

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\"Mohammad<\/figure>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Follow News18 on Google<\/a>. Join the fun, play QIK games on News18<\/a>. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
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October 20, 2025, 10:23 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> ipo<\/a> Midwest IPO GMP Falls: Allotment Likely To Be Finalised Today, A Step-By-Step Guide To Check Status<\/span><\/div>\n
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Last Updated:October 20, 2025, 10:23 IST The Midwest IPO allotment is likely to be finalised in the evening today, October 20. The allotment status can be checked online by following these steps: Midwest IPO Allotment Status. Midwest IPO Allotment Today: The basis of allotment of the Midwest IPO, which closed on Friday, is likely to…<\/p>\n","protected":false},"author":1,"featured_media":552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-19314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/19314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=19314"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/19314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/552"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=19314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=19314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=19314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}