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The allotment for the Midwest IPO was completed on Monday, October 20. You can verify the allotment status on the Kfin Technologies website. Currently, the Midwest IPO’s GMP stands at ₹105. The IPO was available for subscription from October 15 to October 17 and received a robust response from investors: NIIs subscribed 168.07 times, QIBs 139.87 times, and Retail 24.26 times, totaling a subscription rate of 87.89 times. Refunds for those who did not receive shares will begin on Thursday, October 23, while shares for successful applicants will be credited to their demat accounts on the same day. The listing date is set for Friday, October 24.
Midwest operates 16 granite mines across Telangana and Andhra Pradesh, primarily producing Black Galaxy and Absolute Black granite for international real estate projects.