Midwest Ltd
Price Range
₹1,014 - ₹1,065
-
Min. Quantity
14 Shares
Closes on
17 October 2025
-
Min. investment
₹14,910
Midwest Ltd IPO Timeline
Midwest Limited was incorporated on December 11, 1981 as Midwest Granite Private Limited', a Private Limited Company by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, the name of the Company was changed to Midwest Private Limited' and a fresh Certificate of Incorporation dated July 2, 2024 was issued by the Registrar of Companies. The status then converted into a Public Limited Company and the name was changed to Midwest Limited' and a fresh Certificate of Incorporation dated August 28, 2024 was issued by the Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| Midwest Ltd IPO Opening Date | 15 October 2025 |
| Midwest Ltd IPO Closing Date | 17 October 2025 |
| Basis of Allotment | 20 October 2025 |
| Initiation of Refunds | 23 October 2025 |
| Credit of Shares to Demat | 23 October 2025 |
| Midwest Ltd IPO Listing Date | 24 October 2025 |
Midwest Ltd IPO Details
| Midwest Ltd IPO Date | 15 October 2025 to 17 October 2025 |
| Midwest Ltd IPO Face Value | ₹5 per share |
| Midwest Ltd IPO Price | ₹1014 to ₹1065 per share |
| Midwest Ltd IPO Lot Size | 14 |
| Issue Size | Shares of ₹5 (aggregating up to ₹451 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹250 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹201 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 8,87,572 of the Net Offer |
| Retail Shares Offered | Not less than 15,53,255 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 6,65,681 of the Net Offer |
| Company Promoters | Kollareddy Rama Raghava Reddy, Kollareddy Ramachandra, Kukreti Soumya |
Midwest Ltd IPO Lot Size
The Midwest Ltd IPO lot size is 14 shares. A retail-individual investor can apply for up to 13 lots (182 shares or ₹1,93,830).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 14 | ₹14,910 |
| Maximum | 13 | 182 | ₹1,93,830 |
- Strengths
- Risks
- Opportunities
- India's largest producer and exporter of Black Galaxy Granite, a premium variety of Granite and the largest producers of Absolute Black Granite in India
- Presence across the entire Dimensional Granite value chain with mine to distribution capabilities.
- Emphasis on research and development and technology integration.
- Significant establishment costs with a long gestation period benefitting established players.
- Proven track record of financial and operational performance
- Experienced Promoters and professional management team with deep industry experience and strong track record.
Company Financials
Midwest Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 483.08 | 328.93 | 45.22 |
| 03-2022 | 461.78 | 339.99 | 50.92 |
| 03-2021 | 377.11 | 235.05 | 37.15 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital exp by Midwest Neostone its wholly owned subsidiary towards the phase II quarts processing plant
- Capital exp for purchase of Electric Dump Truck to be used by the company and APGM its material subsidiary
- Capital exp 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 Ltd IPO Promoter Holding
| Pre Issue Share Holding | 73.58% |
| Post Issue Share Holding | 64.1% |
Midwest Ltd IPO Subscription Status (Bidding Detail)
The Midwest Ltd IPO is subscribed 1.84 times on 17 October 2025 05:00:00 PM. The public issue subscribed 1.6 times in the retail category, 0.5 times in the QIB category, and 4.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 0.5 | 4.17 | 1.6 | 2.54 | 1.84 |
Midwest Ltd IPO Prospectus
Midwest Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE0XAD01024 |
| IPO Price | ₹0 |
| Face Value | ₹5 |
Company Contact Information
8-2-684/3/25 & 26 Road No.12Banjara Hills,Hyderabad-500034
Phone: +91 40 2330 5194
Email: cs@midwest.in
Website: www.midwest.in
Midwest Ltd IPO Registrar
Midwest Ltd IPO Lead Manager(s)
- DAM Capital Advisors Ltd
- Intensive Fiscal Services Pvt Ltd
- Motilal Oswal Investment Advisors Ltd
FAQ
What is the issue size of Midwest Ltd IPO?
I have pre-applied for Midwest Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.