Midwest Limited
Mainboard₹14,910 / 14 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 17 Oct 2025, 06:57 PM |
| QIBs | 146.99 times |
| NII | 176.57 times |
| Retail | 25.49 times |
| Employee | 25.81 times |
| Total | 92.34 times |
Midwest Limited IPO Details
The Midwest Limited IPO price band is set between ₹1014-1065 per equity share, with a face value of ₹5 per share. The issue is managed by Kfin Technologies Ltd., and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 15 Oct, 2025 and closes on 17 Oct, 2025. Investors can check the allotment status on 20 Oct, 2025, while the listing date is tentatively scheduled for 24 Oct, 2025.
The total issue size is 42,34,740 shares, aggregating up to ₹451 crore. Stay tuned for the latest Midwest Limited IPO review and GMP updates.
Midwest Limited IPO Review, Rating & Analysis
Midwest Limited IPO Review
NO REVIEWMidwest Limited IPO Rating
Midwest Limited IPO Highlights
IPO Date
Oct 15, 2025 - Oct 17, 2025
Listing Date
24 Oct, 2025
Face Value
₹5 Per Equity Share
Price Band
₹1014-1065 per equity share
Lot Size
14 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Midwest Limited IPO Lot Size
The minimum market lot for Midwest Limited IPO is 14 shares with an application amount of ₹14,910. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,910 |
| Retail (Max) | 13 | 182 | ₹1,93,830 |
| S-HNI (Min) | 14 | 196 | ₹2,08,740 |
| S-HNI (Max) | 67 | 938 | ₹9,98,970 |
| B-HNI (Min) | 68 | 952 | ₹10,13,880 |
Midwest Limited IPO Timeline
Issue Price
₹1014-1065 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies Ltd.Lead Manager
Dam Capital Advisors LtdIntensive Fiscal Services Pvt.LtdMotilal Oswal Investment Advisors LtdIssue Size
42,34,740 shares(aggregating up to ₹451 crore)Midwest Limited IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 1267605 | 30% |
| QIB Shares Offered | 844579 | 20% |
| NII (HNI) Shares Offered | 633655 | 14.96% |
| bNII > ₹10L | 422437 | 10% |
| sNII < ₹10L | 211218 | 5% |
| Retail Shares Offered | 1478529 | 34.91% |
| Employee Shares Offered | 10373 | 0.24% |
| Total Shares Offered | 4234741 | 100% |
Midwest Limited IPO Documents
Midwest Limited IPO Valuations
EPS Pre IPO
₹39.42/-EPS Post IPO
₹26.97/-PE Pre IPO
27.01PE Post IPO
39.49ROE
19.42%ROCE
18.84%Debt Equity
0.43RoNW
22.11%PAT Margin
17.17%Price to Book Value
6.50Promoters & Share Holding
Promoter(s) Name
- Mr. Kollareddy Rama Raghava Reddy
- Mr. Kollareddy Ramachandra
- Mrs. Kukreti Soumya
- Mrs. Uma Priyadarshini Kollareddy
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.83% | 84.39% |
About 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 IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,44,579 | 6,33,655
4,22,437
2,11,218
| 14,78,529 | 29,67,136 |
Day 115-10-25 05:00 PM | 0.52 x | 4.43
4.22 x
4.85 x
| 1.74 x | 1.97 x |
Day 216-10-25 05:00 PM | 1.93 x | 35.11
35.65 x
33.73 x
| 8.76 x | 12.42 x |
Day 317-10-25 05:00 PM | 146.99 x | 176.57
201.77 x
126.17 x
| 25.49 x | 92.34 x |
Retail:19.98x
BHNI:40.51x
SHNI:120.56x
Midwest Limited IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| 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. | - |
Company Contact Details
Midwest Limited
8-2-684/3/25 & 26, Road No.12, Banjara Hills, Hyderabad, Telangana, 500034Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: midwest.ipo@kfintech.com
Frequently Asked Questions about Midwest Limited IPO
When will Midwest Limited IPO open for subscription?
The Midwest Limited IPO opens on 15 Oct, 2025 and closes on 17 Oct, 2025.
What is the investors portion for Midwest Limited IPO?
The investors' portion for QIB is 146.99 x, NII is 201.77 x, and Retail is 25.49 x.
How to apply for Midwest Limited IPO?
You can apply for Midwest Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Midwest Limited IPO?
The issue size of Midwest Limited IPO is approx ₹42,34,740 shares(aggregating up to ₹451 crore) crores.
What is the price band of Midwest Limited IPO?
The price band for Midwest Limited IPO is ₹1014 to ₹1065 per equity share.
What is the lot size of Midwest Limited IPO?
The minimum bid (lot size) for Midwest Limited IPO is N/A shares with an investment of approx ₹14,910 .
What is the allotment date of Midwest Limited IPO?
The allotment date for Midwest Limited IPO is 20 Oct, 2025.
What is the listing date of Midwest Limited IPO?
The listing date for Midwest Limited IPO is expected to be 24 Oct, 2025.
What is the GMP of Midwest Limited IPO?
The latest Grey Market Premium (GMP) for Midwest Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.