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Midwest IPO logo

Midwest IPO Subscription History

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Subscription Status  ·  Oct 15 – Oct 17, 2025  ·  ₹1,014–1,065

The Midwest IPO subscription has recorded exceptional investor demand with an overall subscription of 87.89× as of Oct 24, 2025, indicating that investors applied for 87.89 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.

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  • QIB (Qualified Institutional Buyers) subscribed 139.87×, heavyweight participation from mutual funds, foreign institutional investors (FIIs), and domestic banks. Strong QIB demand is widely regarded as one of the most reliable indicators of a successful listing.
  • HNI / NII category. Big NII (bids above ₹10 lakh) subscribed 192.06× and Small NII (below ₹10 lakh) subscribed 120.10×. High-net-worth investors are aggressively leveraging borrowed funds, signalling strong listing-gain expectations.
  • Retail investors subscribed 24.26×, demand vastly exceeds supply in the retail category. Allotment will be conducted via computerised lottery; each successful applicant is likely to receive exactly 1 lot.
QIB
139.87×
Qualified Institutional Buyers
NII
168.07×
Non-Institutional Investors
bNII
192.06×
Bids above ₹10L
sNII
120.10×
Bids below ₹10L
Retail
24.26×
Retail Individual Investors
Employees
24.44×
Employee Category
Total
87.89×
Heavily Oversubscribed

Live Subscription Data

Last updated: Oct 24, 2025, 9:12 PM IST

Overall
87.89×
Category Shares Offered Shares Bid For Times Subscribed
QIB
Qualified Institutional Buyers
887,572 124,148,388
139.87×
NII
Non-Institutional Investors
665,681 111,884,290
168.07×
bNII
Bids above ₹10L
443,788 85,234,128
192.06×
sNII
Bids below ₹10L
221,893 26,650,162
120.10×
Retail
Retail Individual Investors
1,553,255 37,683,548
24.26×
Employees
Employee Category
10,952 267,694
24.44×
Total
3,117,460 273,983,920
87.89×
Heavily Oversubscribed — 87.89× overall Allotment probability may be lower due to high demand

Day-wise Subscription History

Snapshot of each day's bidding activity

Fri, Oct 24, 2025
87.89×
Category Offered Bid For Times
QIB 887,572 124,148,388 139.87×
NII 665,681 111,884,290 168.07×
bNII 443,788 85,234,128 192.06×
sNII 221,893 26,650,162 120.10×
Retail 1,553,255 37,683,548 24.26×
Employees 10,952 267,694 24.44×
Total 3,117,460 273,983,920 87.89×

Frequently Asked Questions

What is the current subscription status of Midwest IPO?

As of October 24, 2025, the Midwest IPO has been subscribed 87.89 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.

When was the Midwest IPO subscription window open?

The Midwest IPO subscription window was open from October 15, 2025 to October 17, 2025. Investors could apply through their demat account or ASBA facility.

What is the price band and minimum investment for Midwest IPO?

The Midwest IPO has a price band of ₹1,014 to ₹1,065 per share, with a lot size of 14 shares. Minimum retail investment: ₹14,196 (lower band) or ₹14,910 (upper band).

What is the QIB subscription for Midwest IPO?

The QIB category has been subscribed 139.87 times. QIBs were offered 887,572 shares. Strong QIB subscription indicates high institutional confidence.

What is the Retail subscription for Midwest IPO?

Retail investors subscribed 24.26 times. Retail was offered 1,553,255 shares. High retail subscription reflects strong small-investor interest.

What is the NII subscription for Midwest IPO?

Overall NII: 168.07×. bNII (>₹10L): 192.06×, sNII (<₹10L): 120.10×. NII includes HNIs and corporate entities investing above ₹2 lakh.

How can I check my Midwest IPO allotment status?

Basis of allotment is on October 20, 2025. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.

When will Midwest IPO be listed?

Midwest IPO is expected to list on October 24, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.

What does 87.89× subscription mean for Midwest IPO?

A subscription multiple of 87.89× means investors have bid for 87.89 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.

What is the allotment probability for Midwest IPO retail investors?

Based on the current retail subscription of 24.26×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.

How to apply for Midwest IPO?

You can apply for Midwest IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Oct 15 to Oct 17, 2025.

What is the grey market premium (GMP) for Midwest IPO?

The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Midwest IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.

New to reading subscription numbers? Read our guide on IPO subscription explained.

IPO Details

Open Date
Oct 15, 2025
Close Date
Oct 17, 2025
Allotment
Oct 20, 2025
Listing Date
Oct 24, 2025
Price Band
₹1,014 – ₹1,065
Lot Size
14 shares
Min. Investment
₹14,910
Exchange
NSE,BSE
Registrar
KFin Technologies Limited
View Full IPO Details

What Happens Next

  1. Subscription Opens Done

    Oct 15, 2025
  2. Subscription Closes Done

    Oct 17, 2025
  3. Basis of Allotment Done

    Oct 20, 2025
  4. Listing on NSE,BSE Done

    Oct 24, 2025

Allotment Probability

Low–Moderate

Lottery-based allotment. Based on retail subscription of 24.26×.

Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.

Share Allocation

QIB 28.5%
NII 21.4%
Retail 49.8%
Total Shares 3,117,460

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Subscription Guide

≥ 10× Heavily Oversubscribed
1× – 10× Subscribed / Oversubscribed
0.5× – 1× Partially Subscribed
< 0.5× Under-subscribed

Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.