Midwest Limited IPO
Midwest Limited IPO is listed on BSE and NSE, priced at ₹1014–₹1065 per share. The stock debuted at ₹1165, delivering a listing gain of 9.4%. The IPO had a lot size of ₹14 shares and a minimum investment of ₹14,910.
Midwest Limited IPO
- IPO Dates
- Oct 15, 2025 – Oct 17, 2025
- Price band
- ₹1014-1065 per equity share
- Minimum Investment
- ₹14,910
- Issue size
- ₹451 Cr
- Lot size
- 14
- Allotment Date
- Oct 20, 2025
- Listing
- Oct 24, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Oct 15, 2025
Open Date
Completed
-
Oct 17, 2025
Close Date
Completed
-
Oct 20, 2025
Allotment Date
Completed
-
Oct 24, 2025
Listing Date
Completed
Price Summary
- Last closing
- 1,318.10 (23.77%)
- 52 week high
- 1,859.90
- 52 week low
- 1,048.50
- Last update
Midwest Limited IPO Subscription Details
View Subscription DetailsMidwest Limited IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Midwest Limited IPO Essentials
Midwest Limited IPO Details
Midwest Limited IPO is priced at ₹1014-1065 per share with a total issue size of 451 crore. The IPO has a lot size of 14 shares and is listed on BSE and NSE.
- Issue price
- ₹1014-1065 per equity share
- Lot size
- 14 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Total 451.0 Cr :
#Fresh Issue : 23,47,417 shares(aggregating up to ₹250.0 Cr) +
#OFS : 18,87,323 shares of ₹5(aggregating up to ₹201.0 Cr) - Total issue size
- 42,34,740 shares
(aggregating up to ₹451 crore) - Fresh issue
- 23,47,417 shares
(aggregating up to ₹250 crore) - Offer for sale (OFS)
- 18,87,323 shares
(aggregating up to ₹201 crore) - Listing at
- BSE, NSE
- List price
- 1165.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Ltd.
- Lead manager
-
Dam Capital Advisors Ltd, Intensive Fiscal Services Pvt.Ltd, Motilal Oswal Investment Advisors Ltd
Market Lot Size
Investors can bid for a minimum of 14 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 14 | ₹14,910 |
| Retail(max) | 13 | 182 | ₹1,93,830 |
| sHNI(min) | 14 | 196 | ₹2,08,740 |
| sHNI(max) | 67 | 938 | ₹9,98,970 |
| sHNI(min) | 68 | 952 | ₹10,13,880 |
Midwest Limited IPO Reservation
Midwest Limited IPO reservation details show category-wise allocation of shares. Out of the total 4234741 shares, approximately 20% are reserved for QIB, 14.96% for NII, 34.91% for retail investors, 0.24% for employees, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1267605 (30%) | |
| QIB Shares Offered | 844579 (20%) | |
| NII (HNI) Shares Offered | 633655 (14.96%) | |
| bHNI > ₹10L | 422437 (10%) | 2155 |
| sHNI < ₹10L | 211218 (5%) | 1078 |
| Retail Shares Offered | 1478529 (34.91%) | 105609 |
| Employee Shares Offered | 10373 (0.24%) | |
| Total Shares Offered | 4234741 (100%) |
Midwest Limited IPO Analytics
Midwest Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Midwest Limited IPO Subscription Status
Midwest Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 92.34x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,44,579 |
6,33,655
4,22,437
2,11,218
|
14,78,529 | 29,67,136 |
|
Day 1
15-10-25 05:00 PM
|
0.52 x |
4.43x
4.22x
4.85x
|
1.74 x | 1.97 x |
|
Day 2
16-10-25 05:00 PM
|
1.93 x |
35.11x
35.65x
33.73x
|
8.76 x | 12.42 x |
|
Day 3
17-10-25 05:00 PM
|
146.99 x |
176.57x
201.77x
126.17x
|
25.49 x | 92.34 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 2341035 (Approx) | 40.51x | 120.56x | 19.98x |
Midwest Limited Valuations
Earnings
- EPS Pre IPO
- ₹39.42/-
- EPS Post IPO
- ₹26.97/-
- P/E Pre IPO
- 27.01
- P/E Post IPO
- 39.49
Returns
- ROE
- 19.42%
- ROCE
- 18.84%
- RoNW
- 22.11%
- PAT Margin
- 17.17%
Fundamentals
- Debt / Equity
- 0.43
- Price / Book
- 6.50
- Market Cap
- 3851.02 Cr.
Midwest Limited Financials( In Crs.)
| 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 1082.81 | 1058.70 | 757.12 | 656.00 |
| Revenue | 146.47 | 643.14 | 603.33 | 522.23 |
| Profit After Tax | 24.38 | 133.30 | 100.32 | 54.44 |
| Net Worth | 577.03 | 553.69 | 421.93 | 334.92 |
| Reserves & Surplus | 625.60 | 602.26 | 484.86 | 408.88 |
| Total Borrowing | 270.11 | 236.61 | 120.48 | 149.08 |
Midwest Limited Company & Offer Insights
About Midwest Limited
Midwest Limited, a company which was established in 1981, is involved in exploration, mining, processing, marketing, distribution, and export of natural stones. The company is a producer and exporter of the unusual granite variety known as Black Galaxy Granite for its shining golden flakes.
Midwest Limited has 16 granite quarries spread over 6 Telangana and Andhra Pradesh locations that yield a variety of granites, such as:
Black Galaxy, Absolute Black and Tan Brown.
The firm also operates a single granite processing unit in both the Telangana and Andhra Pradesh states, which allows for large-scale granite product processing and finishing. Apart from the operating mines, Midwest Limited has established a robust resource base of 25 places in Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu for future operations of mining.
Midwest Limited Promoter(s)
Mr. Kollareddy Rama Raghava Reddy, Mr. Kollareddy Ramachandra, Mrs. Kukreti Soumya, Mrs. Uma Priyadarshini Kollareddy are the company's promoters of Midwest Limited.
Midwest Limited IPO Issue Objectives
- •
- Funding capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant.
- •
- Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary
- •
- Capital expenditure for integration of solar energy at certain Mines of the Company
- •
- Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM
- •
- General corporate purposes.
Midwest Limited IPO - Anchor Investors
Midwest IPO: Nine investors take anchor book shares worth Rs 135 crore.
Goldman Sachs and Axis Mutual Fund invested the most in the anchor book, each of them selecting 3.28 lakh shares for Rs 35 crore, followed by ABSL Umbrella Ucits Funds that bought 1.4 lakh shares for Rs 15 crore.
Other buying entities in the company through the anchor book included Sun Life Aditya Birla India Fund, Kotak Mahindra AMC, Edelweiss MF, ITI Mutual Fund, Edelweiss Life Insurance Company, and Swadha India.
Midwest Limited IPO - Strengths and Risks
Midwest Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Midwest Limited
+91 4023305194
8-2-684/3/25 & 26, Road No.12, Banjara Hills, Hyderabad, Telangana, 500034
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Midwest Limited IPO is a book-built IPO worth ₹451 crore. The price band is ₹1014–₹1065 per share. The IPO opens on Oct 15, 2025 and closes on Oct 17, 2025. It will be listed on BSE and NSE. Kfin Technologies Ltd. is the registrar.
The price band of Midwest Limited IPO is ₹1014 to ₹1065 per share.
The lot size of Midwest Limited IPO is 14 shares.
The minimum investment for Midwest Limited IPO is approximately ₹14,910 based on the upper price band .
Midwest Limited IPO opens on Oct 15, 2025 and closes on Oct 17, 2025.
The allotment date of Midwest Limited IPO is Oct 20, 2025.
Midwest Limited IPO is expected to be listed on Oct 24, 2025, on BSE and NSE .
Midwest Limited IPO listed on Oct 24, 2025. It was issued at ₹1165.0(NSE) and is currently around ₹1318.10 as on 14-May-2026 3:30 PM, which is approximately 23.8% versus issue price. The 52-week high is ₹1,859.90.
Based on listing and post-listing performance, Midwest Limited IPO delivered around 23.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Midwest Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Midwest Limited IPO valuation snapshot: P/E 39.49, EPS ₹26.97/-, P/B 6.50, RoNW 22.11%, and market cap 3851.02 Cr.
To apply for Midwest Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Midwest Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Midwest Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Midwest Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Midwest Limited IPO allotment status on IPO Ji for quick and easy access.