Midwest Ltd., one of India’s leading granite exporters, officially lists its IPO today (NSE). The IPO was priced at ₹1,065 per share and received an overwhelming ~92× subscription, reflecting strong investor confidence.
Key Details Of Midwest Ltd. IPO
| Parameter | Details |
|---|---|
| IPO Price | ₹1,014 – ₹1,065 per share |
| Subscription | ~92× overall |
| Lot Size | 14 shares (~₹14,910 at upper band) |
| Listing Date | 24 October 2025 |
| Grey Market Premium (GMP) | ₹100 – ₹110 (indicative ~10% listing gain) |
The IPO included a combination of fresh issue and offer-for-sale (OFS), raising a total of ₹451 crore. The strong oversubscription indicates that investors are bullish about Midwest Ltd.’s growth prospects, global reach, and leadership in the granite export market.
Also Read: Grey Market Premium (GMP) in IPO – Meaning, Calculation & Latest Updates
Why Investors Are Excited
- Strong Business Fundamentals: Midwest Ltd. specialises in exporting premium granite varieties such as Black Galaxy and Absolute Black, which are highly demanded internationally.
- Global Presence: The company has an extensive international distribution network, supplying natural stones to clients across the US, Europe, and the Middle East.
- Positive Market Sentiment: The Grey Market Premium (GMP) of ₹100–₹110 suggests that the IPO could see a ~10% gain on listing, making it attractive for investors seeking first-day gains.
- Long-Term Growth Potential: The company’s consistent revenue growth and expanding export footprint make it a compelling investment for long-term investors.
Important Things to Consider
While the market sentiment is highly positive, investors should also be aware of potential risks:
- Price Fluctuations: The actual listing price may differ from the expected GMP due to market volatility.
- Industry Risks: Being in the natural stone sector, risks include mining approvals, reserve quality, and global market demand fluctuations.
- Valuation Considerations: Investors should evaluate whether the IPO is priced fairly relative to the company’s financials and peer performance.
Conclusion
The Midwest Ltd. IPO is making a promising debut on India’s stock exchanges today. With a high subscription rate, strong fundamentals, and a positive Grey Market Premium, the first day of trading is anticipated to attract significant investor attention. Both retail and institutional investors will be closely monitoring the stock’s performance on its debut day.
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