The initial public offering (IPO) of Quartz processor Midwest being subscribed 32.60 times by 1.18 pm on the final day of bidding.
The issue attracted bids for over 10.16 crore shares against the 31.17 lakh shares available for subscription, reflecting strong investor appetite across all categories.
The non-institutional investor (NII) segment led the surge, subscribing a massive 102.44 times, followed by the retail investor category at 16.98 times and qualified institutional buyers (QIBs) at 7.75 times. The strong participation indicates broad-based interest in the company’s growth potential.
Midwest’s IPO, which opened on October 15, 2025,fresh issue of shares worth ₹250 crore and an offer for sale (OFS) of ₹201 crore at a price band of ₹1,014 to ₹1,065 per share.
Ahead of the public issue, the company raised ₹135 crore from anchor investors.
With the issue heavily oversubscribed, focus now shifts to the allotment process and the company’s listing performance. Shares will likely list on the BSE and NSE on October 24, 2025.