Midwest IPO

Listed Listed stocks

IPO Rating

Quality Score fund-quick-summary-circle

0/0

Growth Score fund-quick-summary-circle

0/0

Valuation Score fund-quick-summary-circle

0/0

Midwest IPO Details

  • 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

About Midwest Company

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.

Subscription Status

  • Category

    Status

  • QIBs

    139.9x

  • NIIs

    168.1x

  • Retail

    24.2x

  • Others

    24.4x

  • Total

    87.9x

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FAQs for Midwest IPO.

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