Midwest Limited IPO
Mainboard₹ 14910 /14 Shares
15 Oct, 2025
Open Date17 Oct, 2025
Close Date20 Oct, 2025
Allotment Date24 Oct, 2025
Listing DateMidwest Limited IPO Issue Details
- Issue Price ₹1014-1065 per equity share
- Face Value ₹5 Per Equity Share
- Total Issue Size 42,34,740 shares(aggregating up to ₹451 crore)
- Fresh Share 23,47,417 shares(aggregating up to ₹250 crore)
- Offer For Sale 18,87,323 shares(aggregating up to ₹201 crore)
- Listing at BSE, NSE
- Lead Manager Dam Capital Advisors Ltd
Intensive Fiscal Services Pvt.Ltd
Motilal Oswal Investment Advisors Ltd - Registrar Kfin Technologies 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 |
| BHNI(min) | 68 | 952 | ₹10,13,880 |
Midwest Limited IPO Reservation
Midwest Limited IPO offers total NA shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,NA (NA%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| QIB Shares Offered | NA (NA%) | |
| NII (HNI) Shares Offered | NA (NA%) | |
| bNII < ₹10L | NA (NA%) | |
| sNII < ₹10L | NA (NA%) | |
| Retail Shares Offered | NA (NA%) | |
| Total Shares Offered | NA (NA%) |
Midwest Limited IPO Details
Midwest Limited IPO is a book-built issue of ₹451 crores, The total issue size is ₹451 crores. The IPO of Midwest Limited is priced at ₹1014-1065 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Oct 15, 2025 and ends on Oct 17, 2025. The allotment for Midwest Limited IPO will be finalized on Oct 20, 2025. Midwest Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 24, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Ltd. is the registrar of the issue.
Retail investors can bid for a minimum of 14 shares, extendable to 14,910. S-HNIs will be able to bid for 196 shares at ₹2,08,740, while B-HNIs can also apply for a bid of 952 shares at ₹10,13,880. The book-running lead manager for the IPO is/are Dam Capital Advisors Ltd, Intensive Fiscal Services Pvt.Ltd, Motilal Oswal Investment Advisors Ltd.
The total issue ₹451 crore, comprising a fresh issue of 23,47,417 shares ₹250 crore and having Offer for Sale (OFS) of 18,87,323 shares to mop up ₹201 crore.
The Midwest Limited IPO sets its price band at 1014-1065 for each share. A single application for Midwest Limited IPO must contain at least 14 shares. Sentiment investors need to invest a minimum of 14 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,910 In order to participate in the sNII, investors must purchase at least 14 lots of 196 shares for ₹2,08,740, while the bNII requires 68 lots of 952 shares for an investment of ₹10,13,880.
Midwest Limited Valuations
Midwest Limited Company Financials
| 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 |
About Midwest Limited Company
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
Pre Issue Share Holding : 95.83%
Post Issue Share Holding : 84.39%
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.
Contact Details
Midwest Limited
8-2-684/3/25 & 26, Road No.12, Banjara Hills, Hyderabad, Telangana, 500034
+91 4023305194
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Midwest Limited IPO - FAQs
Ans. Midwest Limited IPO is a Mainboard IPO. The issue is priced at ₹1014-1065 per equity share. The minimum order quantity is 14 Shares. The IPO opens on Oct 15, 2025, and closes on Oct 17, 2025. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Midwest Limited IPO opens on Oct 15, 2025 and closes on Oct 17, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Midwest Limited IPO is 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).
Ans. The Midwest Limited IPO price band is set between ₹1014-1065 per equity share.
Ans. To apply for Midwest Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Midwest Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Midwest Limited IPO is Oct 20, 2025.
Ans. The Midwest Limited IPO will be listed on Oct 24, 2025.
Ans. Follow the steps to check the Midwest Limited IPO allotment status online.
