IPO Issue Details
Issue Price / Price Band₹1,065 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size14 Shares per Lot
Total Issue Size42,34,740 shares (aggregating up to ₹451.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 15 Oct 2025
Subscription CloseFri, 17 Oct 2025
Anchor AllotmentTue, 14 Oct 2025
Basis of AllotmentMon, 20 Oct 2025
Initiation of RefundsThu, 23 Oct 2025
Credit of Shares to DematThu, 23 Oct 2025
Listing DateFri, 24 Oct 2025
UPI Mandate Deadline2025-10-17
Application & Investment Details
Retail — Min (1 Lots)₹14,910 — 14 shares
Retail — Max (13 Lots)₹193,830 (13 Lots)
HNI — Min (14 Lots)₹2,08,740 — 196 shares
EPS (Pre-IPO)₹39.42
EPS (Post-IPO)₹26.97
P/E Ratio (Pre-IPO)27.01x
P/E Ratio (Post-IPO)39.49x
Pre-IPO Promoter Holding3,38,12,415 shares
Post-IPO Promoter Holding3,61,59,832 shares
Fresh Issue Shares23,47,417 shares (aggregating up to ₹250.00 Cr)
Offer for Sale Shares18,87,323 shares of ₹5 (aggregating up to ₹201.00 Cr)
About Midwest Ltd
Midwest Ltd is proposing an Initial Public Offering (IPO) on the NSE & BSE platform under the Mainboard category.
The total issue size is 42,34,740 shares (aggregating up to ₹451.00 Cr).
Subscription opens 15 Oct 2025, closes 17 Oct 2025.
Listing expected 24 Oct 2025.
Apply via ASBA or UPI.
Objects of the Issue
Midwest Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant.
127.049
2
Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary
25.75
3
Capital expenditure for integration of solar energy at certain Mines of the Company
3.56
4
Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM
53.8
5
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,38,12,415 shares
Post-IPO Promoter Holding
3,61,59,832 shares
