Midwest IPO : All you Need to know
Midwest IPO Details
The Midwest IPO will open on 15 Oct 2025- 17 Oct 2025. The Total issue size of IPO is ₹451 cr. which includes a Fresh issue and OFS (Offer for sale).
- IPO Price Band: ₹1014-₹1065 Per Share
- Lot Size: 14 shares
- Minimum Investment (Retail): ₹14,196 – ₹14,910/-
- Allotment Date: 20 Oct 2025
- Listing Date: 24 Oct 2025 on NSE and BSE
| Details | Information |
| IPO Open Date | 15 Oct 2025 |
| IPO Close Date | 17 Oct 2025 |
| Price Band | ₹1014-₹1065 Per Share |
| Lot Size | 14 shares |
| Face Value | ₹5 per share |
| Minimum Investment | ₹14,196 – ₹14,910/- |
| Issue Size | ₹451 cr. |
| Allotment Date | 20 Oct 2025 |
| Listing Date | 24 Oct 2025 on NSE and BSE |
| Midwest IPO GMP | – |
Midwest IPO Issue Size
The Midwest Ltd. IPO will open for subscription on 15 October 2025 to 17 October 2025. The Company wiill planning to raise ₹451 cr through this public issue, which includes a Fresh issue and OFS (Offer for sale).
- Fresh Issue: ₹250 cr ( 23,47,417 shares) funds raised here will go directly into the company for expansion, debt repayment, and working capital needs.
- Offer For Sale: ₹201 cr. (18,87,323 shares ) existing shareholders will sell part of their stake, but the proceeds will not go to the company.
Midwest Ltd. IPO Lot Size
Investors can apply for the IPO in lots. The Midwest IPO Lot Size is fixed at 14 shares per lot.
Below is the table showing lot size details for Retail Investors and **HNIs (High Net Worth Individuals):
| 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 |
Understanding IPO Lot Size, Price Band, and Allotment Process
What is IPO? A Beginner’s Guide to Initial Public Offerings in brief
Gold ETF vs Physical Gold – Which is the Smarter Investment?
Midwest IPO Prospectus
Midwest IPO Reservation
The IPO shares are divided among different investor categories. Here is the Midwest Ltd. IPO reservation (quota) details:
| Investor Category | Reservation % | Shares Offered |
| QIB (Qualified Institutional Buyers) | 50% of the issue | Anchor Investor Shares Offered-1267310 (30%) QIB-844873 (20%) |
| NII / HNI (Non-Institutional Investors) | 15% of the issue | 633655 (14.96%) bNII < ₹10L-422380 (10%) sNII < ₹10L-211288 (5%) |
| Retail Investors | 35% of the issue | 1478529 (34.91%) |
| Employee | 10373 (0.24%) |
How to Apply for Midwest Ltd. IPO
Applying for the Midwest IPO is simple. You can apply through your demat account, net banking (ASBA), or brokerage app like Zerodha, Upstox, Groww, Angel One, ICICI Direct, etc.
Step-by-Step Guide
- Login to Your Demat Account
- Open your broker app (like Zerodha, Groww, Upstox) or net banking (like HDFC, ICICI, SBI).
- Go to IPO Section
- Look for the “IPO” tab or “Current Issues” option.
- Select
- Click on Midwest Ltd. IPO Apply option.
- Choose Your Category & Lot Size
- Retail Investor: Minimum 1 lot = 14 shares.
- HNI (sHNI/bHNI): Higher multiples (check the Midwest IPO lot size table above).
- Enter Bid Price
- You can bid at the cut-off price (safest option) or enter a price within the band ₹1014 – ₹1065
- Confirm & Submit
- Enter your UPI ID (if using UPI) and approve the mandate on your UPI app.
- For ASBA (net banking), the amount will be a blocked in your bank account.
- IPO closes on 20 October 2025.
- Allotment date: 24 October 2025.
- Check status on kFin Technologies Limited
Midwest Ltd. Promotors Holding
- Mr. Kollareddy Rama Raghava Reddy
- Mr. Kollareddy Ramachandra
- Mrs. Kukreti Soumya
- Mrs. Uma Priyadarshini Kollareddy
| Description | Percentage (%) |
| Promoter Holding Pre-Issue | 95.83 |
| Promoter Holding Post-Issue | 84.39 |
Key Performance Indicators
for Midwest Ltd. IPO
| KPI | Value |
| Return on Capital Employed (ROCE) | 18.84% |
| EBITDA Margin | 27.43% |
| Price to Earning (P/E) Pre IPO | 27.01 |
| Return on Net Worth (RoNW) | 22.11% |
| PAT Margin (%) | 17.17% |
| Return On Equity (ROE) | 19.42% |
| Debt/Equity | 0.43 |
| Price to Book Value (P/BV) | 6.50 |
Midwest Ltd. IPO Registrar and Lead Managers
Midwest Ltd. IPO Lead Managers.
- Dam Capital Advisors Ltd
Intensive Fiscal Services Pvt.Ltd
Motilal Oswal Investment Advisors Ltd
Midwest Ltd. IPO Registrar
Kfin Technologies Limited
04067162222, 04079611000
Midwest Ltd. Financial (in Crs)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,082.81 | 1,058.70 | 757.12 | 656.00 |
| Revenue | 146.47 | 643.14 | 603.33 | 522.23 |
| Profit After Tax | 24.38 | 133.30 | 100.32 | 54.44 |
| EBITDA | 38.97 | 171.78 | 151.44 | 89.59 |
| NET Worth | 577.03 | 553.69 | 421.93 | 334.92 |
| Reserves and Surplus | 625.60 | 602.26 | 484.86 | 408.88 |
| Total Borrowing | 270.11 | 236.61 | 120.48 | 149.08 |
About Midwest Ltd. Company
Midwest Limited incorporated in 1981.Nature of business is Mining, processing, sale, export of natural stones (granite etc.), plus related materials & tools.
Midwest Limited operates 16 granite mines across 6 locations in Telangana and Andhra Pradesh, producing a wide range of granite varieties, including: Black Galaxy, Absolute Black and Tan Brown.
Business & Operations
Main Segments
- Natural Stone / Granite
- The core business: extracting and processing dimensional granite — especially Black Galaxy Granite and Absolute Black Granite.
- They operate mines in Telangana & Andhra Pradesh. There are 16 operational granite mines across those states
- Diamond Wire Segment
- Precision cutting tools (diamond wires) used in mining, stone processing, etc. Initially for captive/in-internal use, now also external market.
- Quartz, Heavy Mineral Sands & Advanced Materials
- They are expanding into quartz processing (grit & powder), which has applications in engineered stones, solar glass, semiconductors etc.
- Also exploring & applying for licenses for heavy mineral sands (ilmenite, rutile, zircon etc.).
- Mine-to-Market Vertical Integration
- Midwest controls a lot of the value chain: exploration, mining, processing, fabrication, exporting, and distribution. This helps with quality, cost control, and export competitiveness.
Stay Ahead with Busyshell.com
DISCLAIMER
The information provided on this website is strictly for educational and informational purposes only. We do not recommend any specific investments.
All content, including but not limited to articles, analysis, market updates, IPO information, stock recommendations, and financial data, should not be construed as personalized investment advice or solicitation to buy or sell any securities.
We are not SEBI registered advisors. This content is for informational and