Midwest IPO
ListedQuality Score
0/0
Growth Score
0/0
Valuation Score
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
FAQs for Midwest IPO.
What is the issue size of Midwest IPO?
The issue size of Midwest is ₹451.00 Cr.
What is the industry of Midwest?
Midwest falls into Construction Materials industry.
Where Midwest IPO will be listed?
The Midwest IPO will be listed on both NSE and BSE.
What are the open and close dates for the Midwest IPO?
The open and close dates for the Midwest are 15-Oct-2025 & 17-Oct-2025.
What are the price band for Midwest IPO?
The price band for the Midwest ipo is ₹1014 to ₹1065
What is the listing date of Midwest IPO?
The listing date of Midwest IPO is 24-Oct-2025.
What is the purpose for the Midwest IPO?
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
How much times Midwest IPO subscribed?
Midwest total subscription ratio is 87.9X.
What are the key financials for the Midwest IPO?
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 |