22 Oct 2025 | 5 Mins Read
GMP advises caution on Midwest IPO ahead of listing, check key details
Flipitmoney
Midwest's Rs 451 crore IPO to list on BSE and NSE on October 24, following a 92.36 times subscription with the QIB portion subscribed 146.99 times and retail investors 25.52 times. The company plans to utilise proceeds for its expansion. Key promoters hold 84.58% of the pre-offer share capital with Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy selling shares in the OFS segment.