The Midwest IPO began on 15 October 2025. It will close on 17 October 2025. The Total IPO Size is 451.00 Crores. The company set its IPO price at 1065 Rs Per Share.
There are three basic categories in Midwest IPO Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors, and 3) Retail.
Midwest are engaged in the business of exploration, mining, processing, marketing, distribution and export of natural stones, with an emphasis on sustainability.
They are India’s largest producer and exporter of Black Galaxy Granite (a variety of Granite which is sparkling with flakes of a golden hue), and held a share of approximately 23% of the Indian export market for Black Galaxy Granite in Fiscal 2024.
Midwest IPO (Object of the Issue)
1. Funding capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant.
2. Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary.
3. Capital expenditure for integration of solar energy at certain Mines of the Company
4. Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM
5. General corporate purposes.
IPO Promoters
Mr. Kollareddy Rama Raghava Reddy, Mr. Kollareddy Ramachandra, Mrs. Kukreti Soumya and Mrs. Uma Priyadarshini Kollareddy are Promoters of the company.
Midwest IPO Date, Details & Price Band
The Midwest IPO Price Band, IPO Dates, Market lot and other details mentioned in the table below.
| IPO Opening Dates | 15-October-2025 |
| IPO Closing Dates | 17-October-2025 |
| Price | 1014-1065 Rs |
| Fresh Issue | 451.00 Crores |
| Offer for sale | 201.00 Crores |
| Total IPO size | 451.00 Crores |
| Face Value | 5 INR Per Share |
| Issue Type | Book Built Issue |
| Employee Discount | 5 Rs per share |
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Midwest IPO Market Lot
The Midwest IPO minimum market lot is 14 shares with a 14,910 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 14 | 14,910 ₹ |
| Retail Maximum | 13 | 182 | 1,93,830 ₹ |
| S-HNI Minimum | 14 | 196 | 2,08,740 ₹ |
| S-HNI Maximum | 67 | 938 | 9,98,970 ₹ |
| B-HNI Minimum | 68 | 952 | 10,13,880 ₹ |
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 30-Jun-25 | 1,082.81 | 146.47 | 24.38 |
| 31-Mar-25 | 1,058.70 | 643.14 | 133.30 |
| 31-Mar-24 | 757.12 | 603.33 | 100.32 |
Midwest IPO GMP & Grey Market Premium
The Midwest IPO GMP (Grey Market Premium) has started today. Check the Latest Midwest IPO GMP, Kostak Rates, and Subject to Sauda Price here.
Midwest IPO Prospectus
The Midwest IPO Prospectus is Available on the NSE/BSE and SEBI websites, as well as on our Portal. Please click here to download the Midwest IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investor List | Download |
Midwest IPO Allotment Date & Details
| Allotment Date | 20-Oct-2025 |
| Initiation of refunds | 23-Oct-2025 |
| Transfer of shares to Demat accounts | 23-Oct-2025 |
| Listing Date | 24-Oct-2025 |
| Check Allotment Status | Click here |
Registrar of Midwest
KFin Technologies Limited
Selenium Tower-B
Plot No. 31 & 32, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Investor grievance e-mail: [email protected]
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Midwest Contact Details
Midwest Ltd.
8-2-684/3/25 & 26,
Road No.12,
Banjara Hills
Hyderabad, Telangana, 500034
Phone: +91 402330 5194
Email: [email protected]
Website: http://www.midwest.in/
Midwest IPO Lead Managers
DAM Capital Advisors Limited
Intensive Fiscal Services Private Limited
Motilal Oswal Investment Advisors Limited
