Midwest
24 Oct '25MAINBOARD
Min. Investment
₹14,196
Issue size
₹451 Cr
GMP
Locked
Overall subscription: 81.29x
Check allotment status
Expert verdict
IPO dates
15 Oct
Opening
17 Oct
Closing
20 Oct
Allotment
24 Oct
Listing
*Refunds will be initiated on 23 Oct '25
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,910 |
| HNI (Min) | 14 | 196 | ₹2,08,740 |
Subscription (as on 18 October 2025, 08:30 AM)
Overall81.29x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 1981|MD: Mr Kollareddy Ramachandra
- Midwest Limited is engaged in the exploration, mining, processing, marketing, distribution, and export of natural stones, with over four decades of experience in the dimensional natural stone industry. The company is primarily involved in the production of black galaxy granite and absolute black granite, which are used in applications such as flooring, countertops, cladding, and monuments.
- In addition to natural stone, Midwest manufactures diamond wire, a precision cutting tool used in mining and construction, and has recently commenced operations in quartz processing. The company operates 16 granite mines across Telangana and Andhra Pradesh, along with one granite processing facility in each state. It also has a resource base spread across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu.
- The diamond wire manufacturing facility is located in Hyderabad, Telangana, while the quartz processing plant is situated at Annangi Village in Prakasam District, Andhra Pradesh.
Issue Details & Objective
Lot size
14 Shares
Price band
₹1014 to 1065
Face value
₹5 per share
Financials
IPO reservation
Anchor investor - 23.04%
QIB - 38.39%
HNI - 11.52%
Retail - 26.87%
Employee - 0.19%
Download DRHP (IPO Doc)FAQs
Should I apply for the Midwest IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Midwest IPO?
The issue size of Midwest IPO is ₹451 Cr
What are the open and close dates for Midwest IPO?
The Midwest IPO will be open for applications from 15 Oct '25 to 17 Oct '25
What is the lot size and minimum order quantity of Midwest IPO?
The lot size of Midwest IPO is 14 Shares and its minimum investment amount is ₹14,196.
What is the GMP value of Midwest IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Midwest IPO is 15.96
