Midwest IPO
Engineering - Listed on 24 October 2025
Midwest IPO listing summary
Midwest (Engineering) closed its IPO window in 2025 and listed on NSE and BSE on 24 October 2025 at an upper band issue price of Rs 1065, opening at Rs 1165 for a listing gain of +9.4% and closing day one at Rs 1140.5 (+7.1% on closing basis). The IPO was subscribed 87.86x overall - QIB 139.87x, HNI/NII 168.05x, Retail 24.21x. The total issue size was Rs 451 Cr (Fresh Issue Rs 250 Cr, OFS Rs 201 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Midwest IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +1.88% |
| Day 2 | Rs 20 | +1.88% |
| Day 3 | Rs 120 | +11.27% |
| Day 4 | Rs 175 | +16.43% |
| Day 5 | Rs 150 | +14.08% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Midwest IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Midwest IPO - FAQs
What was the listing gain of Midwest IPO?
Midwest IPO listed at +9.4% versus the upper issue price of Rs 1,065 on 24 October 2025.
How many times was Midwest IPO subscribed?
Midwest IPO was subscribed 87.86x overall. QIB portion was subscribed 139.87x, HNI / NII 168.05x and Retail 24.21x.
What was the IPO GMP for Midwest?
IPO GMP started at Rs 20 on Day 1 and moved to Rs 150 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.