Midwest shares are set to be listed on October 24, 2025, after raising ₹451 crore through its IPO, which experienced significant popularity. The subscription details indicate a price range of ₹1,014 to ₹1,065 per share, with investors requesting 27 crore shares while only 31 lakh shares were available. Non-institutional investors subscribed 168 times, institutional investors 140 times, and retail investors 24 times. In the grey market, shares are trading at ₹1,178, which is ₹103 more than the IPO price, although these prices are unofficial. The funds raised will be allocated for purchasing trucks, settling debts, expanding the quartz business, and covering company expenses.
Key dates include allotment on October 20, shares being credited on October 23, and refunds on October 23. For FY25, the company projects revenues of ₹626 crore, assets of ₹1,058 crore, and profits of ₹122 crore, indicating a growth trajectory.
