Midwest IPO — Date, Price Band, GMP & Allotment 2025
**Midwest Limited IPO** is a SME IPO on NSE platform. The company is engaged in trading and distribution business (as per available information). The IPO aims to raise funds for working capital requirements and general corporate purposes. Investors should look at company financials, profit growth, and valuation before applying. As it is an SME IPO, risk is slightly higher, so investment should be taken carefully after proper analysis.
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IPO GMP
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Stock Price
As the IPO is listed, here is the Live Share Price for Midwest
IPO Summary
What is the Midwest IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 15 Oct, 2025 | Wednesday |
| IPO Close Date | 17 Oct, 2025 | Friday |
| Basis of Allotment | 20 Oct, 2025 | Monday |
| Refunds Initiated | 23 Oct, 2025 | Thursday |
| Credit to Demat | 23 Oct, 2025 | Thursday |
| Listing Date | 24 Oct, 2025 | Friday |
What is the Midwest IPO Lot Size?
Bidding in multiples of 14 shares.
| 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 |
About Midwest
The company was promoted by experienced entrepreneurs with domain expertise in mining and stone processing, enabling it to develop an integrated business model. Midwest sources raw granite blocks from its own quarries as well as external suppliers and processes them into finished products for export. Its business model is largely export-driven, focusing on bulk orders and long-term client relationships, ensuring steady revenue streams while maintaining quality and timely delivery standards.
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Midwest Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Investment in Midwest Neostone, the wholly owned subsidiary, by way of a loan, towards funding capital expenditure for the Phase II Quartz Processing Plant | ₹130.30 Cr. |
| Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, the Material Subsidiary | ₹25.76 Cr. |
| Capital expenditure for integration of solar energy at certain Mines of the Company | ₹3.26 Cr. |
| Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM | ₹56.22 Cr. |
| General corporate purposes. | ₹9.08 Cr. |
Company Financials
The Midwest company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 146.47 | 643.14 | 603.33 |
| OPM % | 27.4 | ||
| EBITDA | 38.97 | 171.78 | 151.44 |
| Net Profit | 24.38 | 133.30 | 100.32 |
| Debt | 270.11 | 236.61 | 120.48 |
| Assets | 1,082.81 | 1,058.70 | 757.12 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Promoters and Shareholding Details
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 3,38,12,415 |
| Promoter Holding Post Issue | 3,61,60,816 |
Frequently Asked Questions
What is the GMP of Midwest?
The current Grey Market Premium (GMP) of Midwest is ₹ 0.
What is the Midwest IPO Price Band?
The price band for Midwest IPO is ₹1014 to ₹1065.
When is the Midwest IPO Allotment?
The allotment date for Midwest IPO is October 20, 2025.
How to check Midwest IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (Kfin Technologies Ltd.).
Official Documents
Company Contact Details
Midwest
8-2-684/3/25 & 26, Road No.12, Banjara Hills Hyderabad, Telangana, 500034
04067162222, 04079611000
Registrar
Kfin Technologies Ltd.
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