Midwest IPO 2025: Huge Demand, Grey Market Buzz & Key Listing Details
Rubicon Research IPO Details: Allotment, Subscription, Share Price & Listing Date
Midwest IPO is creating a buzz with 88x subscription! Get the latest on listing date, grey market price, and how the funds will be used. Don’t miss important updates for October 2025.
Midwest shares will list on October 24, 2025. The company raised ₹451 crore. The IPO was very popular.
Subscription Details
Price per share: ₹1,014 to ₹1,065.
Investors wanted 27 crore shares. Only 31 lakh shares were available.
Non-institutional investors applied 168 times.
Institutional investors applied 140 times.
Retail investors applied 24 times.
Grey Market Price
Shares sell at ₹1,178 in grey market.
This is ₹103 more than IPO price.
Grey market prices are not official.
Use of Funds
Money will buy trucks.
Money will pay debts.
Money will help grow quartz business.
Money will pay company costs.
Important Dates
Allotment on October 20.
Shares credited on October 23.
Listing on October 24.
Refunds on October 23.
Financials
FY25 revenue: ₹626 crore.
FY25 assets: ₹1,058 crore.
FY25 profit: ₹122 crore.
The company is growing.
