Midwest Limited IPO

BSE, NSEClosed

Check Allotment

Oct 15, 2025Open Date

Oct 17, 2025Close Date

TBAAllotment Date

Oct 24, 2025Listing Date

Subscription Details

View Subscription Details

QIB146.99x

Retail25.49x

NIIs (Non-Institutional Investors)Main Category

176.57x

↳ NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

126.17x

bHNI (> ₹10L)

Bids above ₹10L

201.77x

Overall Subscription

Total Bids Received

92.34x

Updated: 10 Jul, 06:08 pm

Midwest Limited IPO Issue Details

Issue Price₹1014-1065 Per Equity Share

Face Value₹5 Per Equity Share

Fresh Share23,47,417 shares(aggregating up to ₹250 crore)

Listing AtBSE, NSE

Listing DateOct 24, 2025

RegistrarKfin Technologies Limited

Market Lot Details

Category	Lots	Shares	Amount
sHNI (Min)	14	196	₹2,08,740
sHNI (Max)	67	938	₹9,98,970
bHNI (Min)	68	952	₹10,13,880

Reservation Details

Category	Shares Offered	%
NII	6,33,655	14.96%
QIB	8,44,579	20%
Anchor	12,67,605	30%

Valuations

EPS (Pre-IPO)

39.42

EPS (Post-IPO)

26.97

P/E (Pre-IPO)

27.01

P/E (Post-IPO)

39.49

RoNW

22.11%

PAT Margin

17.17%

P/B Value

6.50

Market Cap

3851.02 Cr.

Financial Information (₹ in Crores)

Metric	FY 25	FY 25	FY 24	FY 23
Total Assets	1082.81	1058.7	757.12	656
Total Revenue	146.47	643.14	603.33	522.23
Profit After Tax	24.38	133.3	100.32	54.44
Net Worth	577.03	553.69	421.93	334.92

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

1Funding capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant.
2Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary
3Capital expenditure for integration of solar energy at certain Mines of the Company
4Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM
5General corporate purposes.