The Midwest IPO grey market premium (GMP) is currently around Rs 175 to Rs 180 as of October 16, 2025, indicating the unlisted shares are trading at about Rs 1,190 to Rs 1,245 per share in the grey market.
This represents a 16-17% premium over the IPO’s upper price band of Rs 1,065 per share. The strong GMP suggests positive investor sentiment and an expected listing gain once the shares are listed on the stock exchanges,
tentatively scheduled
for October 24, 2025.Key details about the Midwest IPO GMP and grey market are:The IPO price band: Rs 1,014 to Rs 1,065 per share.GMP on Oct 16, 2025: Rs 175-180, up from Rs 130-145 on Oct 15.Indicative listing price based on GMP: approx. Rs 1,245.IPO subscription status:
oversubscribed about 6.9 times with strong
demand among retail and non-institutional investors.IPO is a mainboard issue raising about Rs 451 crore.Shares in the grey market show investor expectation of around 17% listing gains.The IPO listing date is expected on October 24,
2025.Midwest Limited operates in natural stones mining and processing, including Black Galaxy Granite.Thus, the Midwest IPO GMP currently reflects a significant premium, suggesting favorable market expectations for listing gains in the grey market for those interested in the IPO
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