The initial public offering (IPO) of Quartz processor Midwest received an exceptional response from investors, achieving a subscription rate of 32.60 times by 1:18 PM on the final day of bidding. The IPO attracted bids for more than 10.16 crore shares, substantially overshooting the 31.17 lakh shares available for subscription, indicating a robust demand across all investor categories.
The non-institutional investor segment demonstrated remarkable enthusiasm, subscribing 102.44 times, followed by retail investors at 16.98 times and qualified institutional buyers (QIBs) at 7.75 times. This high level of participation underscores significant interest in the company’s growth potential.
Opening on October 15, 2025, Midwest’s IPO comprises a fresh issue of shares worth ₹250 crore, alongside an offer for sale (OFS) of ₹201 crore, with a price band set between ₹1,014 and ₹1,065 per share. In advance of the public issue, the company secured ₹135 crore from anchor investors.
With the IPO heavily oversubscribed, attention now turns to the allotment process and the anticipated listing performance. Shares are expected to debut on the BSE and NSE on October 24, 2025.
Published on October 17, 2025.
