Midwest IPO Listing at 9.39% premium at ₹1,165 Per Share

Fri Oct 24 2025

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Midwest IPO Listing: On the NSE and BSE, shares are listed at ₹1,165 per share, representing a 9.39% premium over the issue price of ₹1,165. The company raised approximately ₹23,00,00 through a fresh issue and an offer-for-sale of 19,00,000 shares. The stock indicates a positive debut for investors.

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Midwest IPO Subscription Status

The Midwest IPO was subscribed 92.36 times at the close. In this subscription, qualified institutional buyers (QIBs) received 146.99 times the allocation, and non-institutional investors (NIIs) received 176.57 times the allocation. The retail quota of the issue was subscribed to 34.91%.

Midwest IPO: Check Key Details

It is a book-building IPO of ₹451.10 crores, comprising an entirely fresh issue of ₹0.23 crores. The problem will be listed on NSE and BSE on its tentative listing date, 24th October 2025.

The Midwest IPO date is fixed between 15th October 2025 and 17th October 2025. The face value of Midwest’s IPO shares is ₹5 per share, and the IPO price is set at ₹1,065 per share.

IPO Open Date	15th October 2025
IPO Close Date	17th October 2025
IPO Allotment Date	20th October 2025
Refund Initiation	23rd October 2025
Issue Size	42,35,724 shares(aggregating up to ₹451.10 Cr)
Fresh Issue	23,48,401 shares(aggregating up to ₹250.10 Cr)
Offer for sale	18,87,323 shares of ₹5(aggregating up to ₹201.00 Cr)
Face Value	₹5 per share
Lot Size	1,000 shares
Issue Price Final	₹1014 to 1065 per share
Issue Type	Bookbuilding IPO
Listing At	NSE & BSE
Listing Date	24th October 2025

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.

Year Ended	30 June 2025(in cr	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	1,082.81	1,058.70	757.12	656.00
Revenue	146.47	643.13	601.33	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
Reserve and Surplus	625.60	601.26	484.86	408.88
Total Borrowing	270.11	236.61	120.48	149.08

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.

Objectives of 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.

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