Midwest IPO Analyzed
Midwest, a company processing quartz, is planning to start trading on the stock market on October 24, 2025. Early signs show a good start to the IPO. The company raised a lot of money – ₹451.1 crore – by selling shares to the public. Investors really wanted these shares!
Key Points
- Midwest raised ₹451.1 crore through its IPO offering.
- Investors were 87.9 times oversubscribed, a very strong sign.
- Non-investors were most excited, booking 168% of their shares.
- Shares traded high in the grey market, suggesting a premium.
- The IPO was for 2.3 million new shares and 1.9 million existing ones.
- Funds will be used for plant expansion, trucks, and solar power.
The IPO was very popular. Investors wanted more than 87 times the number of shares offered. Non-investors (people who weren’t big institutional investors) were especially keen, snapping up 168% of the shares they asked for.
Before the stock officially starts trading, shares of Midwest were seen changing hands in a market that isn’t officially monitored – called the “grey market.” These shares were selling for around ₹1,170, which is ₹105 more than the initial price of ₹1,065. This suggests the stock might start trading higher.
Important Note: The grey market’s prices aren’t always correct. They’re just guesses based on what people are willing to pay.
IPO Details
The IPO split into two parts: 2.3 million new shares worth ₹250.1 crore, and 1.9 million existing shares worth ₹201 crore. The company set a price range of ₹1,014 to ₹1,065 for each share. Investors had to buy at least 14 shares.
The public offering ran from October 15 to October 17, 2025. Kfin Technologies is handling the paperwork for the IPO, and DAM Capital Advisors, Intensive Fiscal Services, and Motilal Oswal Investment Advisors are helping the company sell the shares.
The company plans to use the money from the IPO for a new quartz processing plant, buying electric trucks, and installing solar panels at its mining sites. A portion is also set aside for paying off debts.
The grey market’s predictions shouldn’t be taken as guarantees of how the stock will actually perform.
