Midwest IPO News: Midwest Limited, a quartz manufacturing company for solar glass and engineered stone industry, can launch its initial public offer (IPO) in the Indian stock market on Friday, October 24. The company has already alloted shares to lucky bidders on Tuesday.

The company is planning to raise Rs 451 crore through IPO. Investors have placed their bets in the company shares between October 15 and October 17. Acre investors had tried their luck on 14 October. Midwest Company mainly deals in mining, processing and export. The company has more than 20 mines. Which is spread in Telangana, Andhra Pradesh, Karnataka and Tamil Nadu.

Midwest IPO

The company has fixed the price band of the share between Rs 1014 and Rs 1065. The allotment of shares has been done on 20th October. Shares will be deposited in the demat accounts of investors on October 23. As far as distribution of shares is concerned, the company had reserved 50 percent of the issue for Qualified Institutional Buyers (QIBs). At the same time, 15 percent shares have been allotted for non-institutional investors (NIIs) and 35 percent for retail investors.

Company’s condition in gray market

There is enthusiasm in the gray market regarding the IPO of Midwest Company. On Wednesday, the company’s shares were trading at Rs 1165 in the gray market. Which is Rs 100 or about 10 percent more than the upper price band of shares fixed by the company. Investors are showing their interest in the shares of the company. If the situation continues like this, investors can get huge benefits on the day of IPO listing.

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Also read: There is going to be a flood of IPOs in the Indian stock market! 7 big companies got SEBI approval

Upcoming IPOs in India 2025: There is going to be a wave of IPOs (Initial Public Offerings) in the Indian stock market in the coming few months. Recently, the Securities and Exchange Board of India (SEBI) has given permission to seven companies to launch their IPOs. SEBI has given green signal to companies from various sectors for IPO. Which includes companies from different sectors like jewellery, chemicals, renewable energy and logistics.

PNGS Reva Diamond Jewellery, Asset Reconstruction Company (ARCIL), Safex Chemicals, Agcon Equipments International, Razon Solar, Shadowfax Technologies and Sudeep Pharma Company are preparing to launch their IPOs. These new IPOs will increase activity in the primary market and other investment options will be available to investors. Stock market investors can have a lot of expectations from the IPO of these companies which are well-known in their respective fields.

These companies are bringing their IPO

1. Gujarat’s Sudeep Pharma, which manufacturers calcium phosphate and special excipients, is preparing to launch an IPO worth Rs 95 crore. The company has also received regulatory approval from SEBI. The company will make both new shares and offer for sale for Rs 95 crore. The company will use the money raised from the IPO for its expansion, new technology and to fulfill other objectives of the company.

2. Razon Solar, a company working in the field of renewable energy, is preparing to launch an IPO worth Rs 1,500 crore. Experts believe that this could be one of the biggest public offerings related to clean energy this year.

3. Pune based company PNGS Reva Diamond Jewelery has got permission from SEBI to launch an IPO worth Rs 450 crore. The company will launch an IPO of new shares worth Rs 450 crore. The company aims to expand its business in Maharashtra and South India. Besides, the company is also working on other new plans.

4. Gurugram-based company Agcon Equipments International has received permission from SEBI to launch an IPO worth Rs 330 crore. The company is planning to buy new machinery and reduce the company’s debt with the money raised from the IPO.

5. Logistics and technology company Shadowfax Technologies is planning to raise Rs 1,200 crore through IPO.

Along with this, Safex Chemicals and Asset Reconstruction Company (ARCIL) is also preparing to launch an IPO.

Also read: Gold becomes expensive, demand for gold loan increases! Jewelery worth Rs 12 thousand crores was mortgaged in August itself