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Clear AllQuality Score
0/0
Growth Score
0/0
Valuation Score
0/0
Bidding Date
15-Oct-2025 to
17-Oct-2025
Issue Size
₹451 Cr
Price Band
₹1014 to ₹1065
Allotment date
20-Oct-2025
Listing date
24-Oct-2025
Lot size
14
No. of shares
42,34,742
Fresh issue/OFS
₹250 Cr/₹201 Cr
Midwest Limited, founded in 1981 and headquartered in Hyderabad, Telangana, has established itself as India’s largest producer and exporter of Black Galaxy Granite while diversifying into a range of high-value natural stones, precision diamond wire tools, quartz, and heavy mineral sands. Originally focused on granite quarrying and export, the company has expanded its business segments over four decades to serve global construction, building materials, renewable energy, and advanced material processing industries across 17 countries and five continents. Midwest’s expertise spans the entire value chain, from exploration and mining to processing and global distribution, reinforced by end-to-end capabilities, R&D-driven innovation in environmentally friendly tools, and advanced automation through ERP and real-time monitoring systems. Unique strengths include a dominant share in the global Black Galaxy Granite market (over 23%), exclusive mining rights, and a focus on sustainability through electrification, solar energy integration, and responsible resource management. The company is recognized for its high-quality product standards, technological leadership, and customer-centric solutions, with a philosophy grounded in integrity, sustainable progress, and collaborative engagement to address evolving industry and environmental challenges.
Category
Status
QIBs
139.9x
NIIs
168.1x
Retail
24.2x
Others
24.4x
Total
87.9x
The issue size of Midwest is ₹451.00 Cr.
Midwest falls into Construction Materials industry.
The Midwest IPO will be listed on both NSE and BSE.
The open and close dates for the Midwest are 15-Oct-2025 & 17-Oct-2025.
The price band for the Midwest ipo is ₹1014 to ₹1065
The listing date of Midwest IPO is 24-Oct-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Midwest total subscription ratio is 87.9X.
Key financial of the Midwest are:
| Midwest | FY-25 | FY-24 | FY-23 | FY-22 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 626.18 | 585.62 | 502.52 | 525.24 |
| EBIT (₹ Cr) | 146.69 | 129.71 | 68.58 | 89 |
| Proft after Tax (₹ Cr) | 133.3 | 100.32 | 54.44 | 67.09 |
| Debt (₹ Cr) | 236.61 | 120.48 | 149.08 | 96.07 |
| Net Worth (₹ Cr) | 632.4 | 499.07 | 411.87 | 352.25 |
| RoE (%) | 21.08 | 20.1 | 13.22 | 19.05 |