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Midwest IPO Allotment: The initial public offering of Midwest Ltd closed its initial public offering (IPO) for public subscription on October 17, 2025. The company, a leading producer and exporter of Black Galaxy Granite, opened its IPO subscription on October 15 and received strong demand from investors, with the issue being subscribed 87.89 times at the end of the bidding window.

The basis of allotment is likely to be finalised today, October 20, followed by the crediting of shares to the respective demat accounts of successful subscribers and the initiation of refunds to unsuccessful bidders. The stock is expected to list in the secondary market on October 24, 2025.

Investors can check their allotment status online on the websites of BSE, NSE, or the issue registrar, Kfin Technologies.

Here's how you can check your allotment status online step-by-step:

1) Visit the NSE website

2) Select 'Equity and SME IPO bid details'

3) Choose 'Midwest Limited' from the dropdown list

4) Enter your PAN and application number

5) Click submit

1) Go to the BSE website

2) Select 'Equity' under issue type

3) Choose 'Midwest Limited'

4) Enter your application number or PAN

5) Click search to view your allotment status

1) Visit Kfin Technologies website

2) Select 'Midwest Limited' from the dropdown menu

3) Enter your PAN, application number, or demat account details

4) Click submit

Overall, investors bid 27.39 crore shares against the total shares on offer. The subscription includes bids from institutional buyers, institutional investors and retail investors categories who booked the issue 139.87 times, 168.07 times and 24.26 times, respectively.

In terms of shares, QIBs, NIIs, and RIIs bid 12.41 crore shares, 11.18 crore, and 3.76 crore shares, respectively, against their allotted portions.

The Midwest IPO is a book-built issue of Rs 451 crore, comprising a fresh issue of 2.3 million equity shares worth Rs 250 crore and an offer-for-sale (OFS) of 1.9 million equity shares worth Rs 201 crore.

Through OFS, the company's promoter Kollareddy Rama Raghava Reddy and the promoter group Guntaka Ravindra Reddy are offloading their shares worth Rs 181 crore and Rs 20 crore, respectively.

Price band: Rs 1,014 to Rs 1,065 per share

Face value: Rs 5 per equity share

Subscription date: From October 15 to October 17, 2025

Lot size: 14 shares

Listing date: October 24, 2025 (Tentative)

Established in 1981, Midwest Limited operates in the granite mining and processing industry, with its headquarters in Hyderabad. The company specialises in the exploration, mining, processing, and export of premium granites and quartz-based materials.

Financially, the company's revenue from operations increased to Rs 626.18 crore from Rs 585.62 crore in FY25. The profit after tax (PAT) of the company also increased to Rs 133.30 crore from Rs 100.32 crore for the same financial year.

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