Midwest IPO GMP & Review: Should You Apply or Avoid?

Check Expert’s Verdicts on Midwest IPO

Midwest IPO is open for bidding from 15th October 2025 to 17th October 2025. It is a book-building IPO of ₹451.00 crores, comprising an entirely fresh issue of ₹0.23 crores.  The problem will be listed on BSE and NSE on its tentative listing date, 24th October 2025. 

Midwest IPO Details 

The Midwest IPO is scheduled from 15th October 2025 to 17th October 2025. The face value of Midwest’s IPO shares is ₹10 per share, and the IPO price is set at ₹1014 to ₹1065 per share.

Kfin Technologies Limited is the registrar of the Midwest IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Midwest IPO Share Reservation

Midwest’s IPO is a book-building issue of ₹451.00 crores, comprising a new issue that will be listed on the BSE and NSE Exchanges. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Midwest IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Midwest IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 10th October, 2025, Midwest IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹1065.00 on its tentative listing date, October 17, 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Midwest GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Midwest IPO GMP Review

Check out the detailed Midwest GMP IPO review for a thorough understanding of its potential and the listing gains expected on 24th October 2025. The Midwest IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to understand the business’s margins of economic growth and decline before applying for the Midwest IPO.

Midwest Limited’s revenue increased by 7% from ₹603.32 crore in March 2024 to ₹133.30 crore in March 2025. Moreover, the company’s PAT rose by 33% from ₹100.32 crores to ₹133.30 crores.

Midwest Limited has demonstrated consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Midwest IPO on its tentative listing date, 24th October 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Midwest IPO.

The P/E ratio of Midwest Limited’s shares is 27.01, and its Earnings Per Share (EPS) stands at 39.42. Thus, the Midwest IPO can deliver gains on its tentative listing date, 24th October 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Midwest Limited are subject to change following the IPO. Refer to the table below for post-issue updates on these two metrics. 

Midwest IPO Subscription Status

The Midwest IPO is scheduled to open for bidding on 10th October 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Midwest IPO subscription status. 

About Midwest Limited

Midwest Limited was founded in 1981 and is primarily engaged in the exploration, mining, production, marketing, distribution, and export of natural stones. Over the years, the industry has built a strong reputation through its operational excellence and sustainable mining practices. Midwest Company Limited has raised the funds through an IPO offering to support its expansion plans. The company’s central vision is to make a stable financial position, unlock new growth opportunities, and create long-term value. It creates a promising opportunity for the investors.

Midwest Limited has established a strong global presence, exporting its products to 17 countries across five continents, with China, Italy, and Thailand being the primary export markets.

Midwest Limited Financials

The company’s financial analysis is essential before applying for the Midwest IPO. Refer to the table to learn about Midwest Limited’s financial information. 

Explanation

Midwest Limited’s revenue increased by 7% from ₹603.32 crore in March 2024 to ₹133.30 crore in March 2025. Moreover, the company’s PAT rose by 33% from ₹100.32 crores to ₹133.30 crores.

Midwest IPO Bidding Requirements

Investors can bid for a minimum of 46 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Midwest IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.

Use the lot size calculator to find how many shares you should apply for!

Midwest IPO Promoter Holding

Refer to the table below to review the holdings of Midwest Limited’s promoters: Mr Kollareddy Rama Raghava Reddy, Mr Kollareddy Ramachandra, Mrs Kukreti Soumya and MMrsUma Priyadarshini Kollareddy.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Midwest IPO

The primary aim of the Midwest IPO is to raise ₹451.00 crore. On the other hand, the Midwest has decided to utilise these funds in different ways.

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

Should I Invest in the Midwest IPO?

Explore the pros and cons of the Midwest to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s potential to generate profits in the coming decades. 

Pros of Midwest IPO

• Midwest Limited is India’s leading producer and exporter of Black Galaxy Granite, giving it a strong position in a niche yet premium market.
• The company has shown solid financial performance, with its revenue increasing from ₹502.52 crore in FY23 to ₹585.62 crore in FY24.
• Profit after tax also grew significantly in FY24, reaching ₹100.32 crore, which reflects efficient cost management and rising demand.
• The IPO proceeds will be used for debt repayment, capacity expansion, and the establishment of green energy (solar power), which can improve operational efficiency and reduce long-term costs.
• With a strong export base and demand from international markets such as China, the company has strong potential for future growth and global expansion.

Cons of Midwest IPO

• Its business is highly export-dependent, especially on China, so any geopolitical or trade issues may directly impact sales and profitability.
• The estimation of mineral reserves is based on geological assumptions that may differ from actual extraction results, thereby affecting operations and projections.
• Midwest and its subsidiaries are involved in legal disputes and depend on regulatory and environmental clearances, which could pose future risks.
• The company faces competition from alternative products, such as synthetic and engineered stones, which may affect demand if customer preferences shift.

How to Apply for the Midwest IPO?

Please follow the steps outlined below to apply for a position at Midwest Limited.

• Step 1: Conduct thorough research on the Midwest IPO, including GMP, subscription status, issue size, lot size, and other relevant details. 
• Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for one lot of 14 shares, valued at ₹14,910.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Midwest IPO across multiple demat accounts to increase your chances of allotment. 

How to Check Midwest IPO Allotment Status?

You can check whether the Midwest IPO allotment has been completed in various ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Midwest IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Midwest IPO allotment status.

Let’s Wrap

Midwest’s IPO is a fresh issue of shares worth ₹451.00 crore. The shares of Midwest Limited will be listed on the NSE and BSE on its tentative listing date of 24th October 2025. Researching the Midwest IPO, including its GMP and reviews, is highly recommended to secure your ideal level of profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Midwest IPO

How is the Midwest IPO?

Ans. As of 10th October 2025, the Midwest IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹1065.00 per share. It is a book-building IPO of ₹451.00 crore. The face value of each share of Midwest Limited is ₹10.

What is Midwest’s IPO price?

Ans. The Midwest IPO price range is ₹ 1,014 to ₹ 1,065 per share.  Retail investors can apply for a minimum of 1 lot, each consisting of 14 shares, worth ₹14,910. Moreover, HNIs are required to bid for a minimum of 14 lots (196 shares) worth ₹2,08,740.

Is the Midwest IPO a good investment?

Ans. Midwest Limited’s revenue increased by 7% from ₹603.32 crore in March 2024 to ₹133.30 crore in March 2025. Moreover, the company’s PAT rose by 33% from ₹100.32 crores to ₹133.30 crores.

Who is the registrar of the Midwest IPO?

Ans. Kfin Technologies Limited is the registrar for the Midwest IPO, responsible for managing allotment and initiating refunds. For any queries regarding the Midwest allotment and refund, please contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222, 04079611000.

What is the issue size of the Midwest IPO?  

Ans. Midwest’s IPO is a book-building issue of ₹451.00 crore. Moreover, the IPO is set to open on 15th October 2025 and close on 17th October 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Midwest IPO, download the Midwest IPO RHP and the Midwest IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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