When does the Midwest Limited IPO open and close?

The Midwest Limited IPO opens on 15 Oct and closes on 17 Oct.

Where can I check the live subscription status of the Midwest Limited IPO?

You can track the real-time subscription numbers using the links below: https://www.iposcanner.ai/ipo/midwest-ipo?tab=subscription

What is the issue size of the Midwest Limited IPO?

The size of Midwest Limited IPO is Total 42,34,740 shares(aggregating up to ₹451 crore) : #Fresh Issue : 23,47,417 shares(aggregating up to ₹250 crore) + #OFS : 18,87,323 shares(aggregating up to ₹201 crore).

What is the price band of the Midwest Limited IPO?

The Midwest Limited IPO price band is set between ₹1014-1065 per equity share.

What is the minimum investment for the Midwest Limited IPO?

The minimum investment for the Midwest Limited IPO is ₹14910.

What is the allotment date of the Midwest Limited IPO?

The share allotment date of Midwest Limited IPO is 20 Oct.

What is the Midwest Limited IPO listing date?

The Midwest Limited IPO will be listed on 24 Oct.

How to check Midwest Limited IPO allotment status online?

Follow the steps to check the Midwest Limited IPO allotment status online here: https://www.iposcanner.ai/ipo/midwest-ipo?tab=allotment

Who is the registrar for the Midwest Limited IPO?

The registrar for the Midwest Limited IPO is Kfin Technologies Ltd.. You can check your allotment status on their official website.

Midwest Limited IPO Details, GMP, Subscription & Allotment

IPO ScannerIPO Insights

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

Tools

IPO Calendar GMP Tracker Subscription Status Allotment Status

IPOs

All IPOs Live IPOs Upcoming IPOs Closed IPOs Listed IPOs

Resources

eBooks

Company

Home About Us Privacy Policy Terms of Service

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

Want to stay updated?Subscribe to our newsletter

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

Tools

IPO Calendar GMP Tracker Subscription Status Allotment Status

IPOs

All IPOs Live IPOs Upcoming IPOs Closed IPOs Listed IPOs

Resources

eBooks

Company

Home About Us Privacy Policy Terms of Service

About IPO Scanner

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Want to stay updated?Subscribe to our newsletter

About Midwest Limited

.read-more-text__content { display: block !important; overflow: visible !important; -webkit-line-clamp: unset !important; -webkit-box-orient: initial !important; } .read-more-text__toggle { display: none !important; }

Midwest Limited, a company which was established in 1981, is involved in exploration, mining, processing, marketing, distribution, and export of natural stones. The company is a producer and exporter of the unusual granite variety known as Black Galaxy Granite for its shining golden flakes.Midwest Limited has 16 granite quarries spread over 6 Telangana and Andhra Pradesh locations that yield a variety of granites, such as:Black Galaxy, Absolute Black and Tan Brown.The firm also operates a single granite processing unit in both the Telangana and Andhra Pradesh states, which allows for large-scale granite product processing and finishing. Apart from the operating mines, Midwest Limited has established a robust resource base of 25 places in Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu for future operations of mining.

Checklist Quality Analysis

Revenue Growth

Live IPOs

Sotefin Bharat

SME

Open Close16th Jul 2026 - 20th Jul 2026

Issue Size89.76 Cr

Min. Qty600 Shares

Issue Price₹ 178.00

Live IPO

Caliber Mining & Logistics

Mainboard

Open Close17th Jul 2026 - 21st Jul 2026

Issue Size450.00 Cr

Min. Qty35 Shares

Issue Price₹ 402.00

Live IPO

Companies Name	Open - Close	Issue Size	Min. Qty	Issue Price	Apply
Sotefin Bharat SME	16th Jul 2026 - 20th Jul 2026	89.76 Cr	600 Shares	₹ 178.00
Caliber Mining & Logistics Mainboard	17th Jul 2026 - 21st Jul 2026	450.00 Cr	35 Shares	₹ 402.00

See All Live IPOs

Open Date

15 Oct 2025

Close Date

17 Oct 2025

listed

Min Investment

₹14910

Lot Size

14 Shares

Issue Size

₹451 Cr

Price Range

₹1014 - ₹1065

Listing Date

Oct 24, 2025

IPO Doc

RHP PDF

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹102(+9.58%)GMP

9.58%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Midwest Limited IPO - Issue Objectives

₹130.29 cr will be invested in Midwest Neostone for the Phase II quartz processing plant. ₹25.76 cr for electric trucks and solar at mines. It will utilise ₹56.22 crore towards repayment of certain outstanding borrowings. Part of the IPO proceeds will be used for general corporate purposes

Investment in subsidiary

52.1%

Capital Expenditure

11.6%

Repayment of loans

22.4%

General corporate purposes

13.7%

Investment in subsidiary

₹130.29 cr will be invested in Midwest Neostone for the Phase II quartz processing plant.

52.10%

Capital Expenditure

₹25.76 cr for electric trucks and solar at mines.

11.60%

Repayment of loans

It will utilise ₹56.22 crore towards repayment of certain outstanding borrowings.

22.40%

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes

13.70%

IPO Subscription Status

QIB

146.99x

NII

176.57x

Individual

25.49x

Total

92.34x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Midwest Limited

In Cr.

Key Performance Indicator	30-Jun-25 (In Cr.)	31-Mar-25 (In Cr.)	31-Mar-24 (In Cr.)	31-Mar-23 (In Cr.)
Revenue	146.47	643.14	603.33	522.23
EBITDA	38.97	171.78	151.44	89.59
Expenses
Profit After Tax	24.38	133.30	100.32	54.44
Assets	1082.81	1058.70	757.12	656.00
Net Worth	577.03	553.69	421.93	334.92
Reserves	625.60	602.26	484.86	408.88
Borrowing	270.11	236.61	120.48	149.08

Midwest Limited - Promoter(s)

Kollareddy Ramachandra Mrs

Kukreti Soumya Mrs

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

About Strength & Risks

Strengths4Risks5

Registrar Contact Details

Kfin Technologies Ltd.

8-2-684/3/25 & 26, Road No.12, Banjara Hills, Hyderabad, Telangana, 500034

+91402330519404067162222

[email protected]

http://www.midwest.in/

Midwest Limited IPO - FAQs

Midwest Limited IPO is a Mainboard IPO. The issue is priced at ₹1014-1065 per equity share. The minimum order quantity is 14 Shares. The IPO opens on 15 Oct, and closes on 17 Oct. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Midwest invests in R&D to boost operational efficiency and sustainability. Its dedicated team of 8 specialists has driven initiatives such as electric dump trucks, solar-powered operations (0.66 MW planned), and the replacement of explosives with expanding chemical powder. The company’s Quartz laboratory enables it to design process parameters and arrive at yields without depending on the use of third-party facilities.

Decades of experience

Granite mining demands significant capital investment, long gestation periods, and multiple regulatory approvals. Midwest’s 40+ years of experience, 20 operational mines across four states, and a modern fleet of over 77 excavators, 58 dump trucks, and 95 wire saws give it a clear advantage over new entrants. In FY25, it also contributed ₹34.9 crore in royalties, the highest in the Black Galaxy segment.

Heavy reliance on Black Galaxy Granite

The company derives a significant portion of its revenue from Black Galaxy Granite, with 69.77% of revenue on June 30, 2025, 69.55% in FY25 and 72.35% in FY24. All production comes from three mines in Chimakurthy, Andhra Pradesh, making the company highly vulnerable to regional disruptions, environmental constraints, or regulatory halts.

Highly regulated operations

Mining operations are heavily regulated and require multiple approvals from both Central and State authorities. Its revenue attributable to the natural stone segment decreased by 3.78% in FY23 due to a temporary stoppage of production at certain Black Galaxy Granite mines in the quarter ended March 31, 2023, due to delays in making applications for renewal of regulatory licenses and applications for an increase in authorised production levels, resulting in reduced production in that year.

Regulatory Notice and Reputation Risk

CBI investigations involving promoter Mr Kollareddy Rama Raghava Reddy and an alleged fund diversion of ₹11.0 crore may lead to future regulatory action and legal proceedings, potentially impacting management focus, company reputation, and business results.

About Midwest Limited

Checklist Quality Analysis

Live IPOs

Midwest Limited

Grey Market Premium (GMP) Trend

Midwest Limited IPO - Issue Objectives

Investment in subsidiary

Capital Expenditure

Repayment of loans

General corporate purposes

IPO Subscription Status

Financials of Midwest Limited

Midwest Limited - Promoter(s)

About Strength & Risks

Why this IPO looks interesting

Market Leadership in Black Galaxy Granite

Mine to distribution capabilities

Strong R&D capabilities

What investors should watch closely

Customer concentration risk

Geographic concentration in overseas markets

Registrar Contact Details

Midwest Limited IPO - FAQs

Decades of experience

Heavy reliance on Black Galaxy Granite

Highly regulated operations

Regulatory Notice and Reputation Risk

About Midwest Limited

Checklist Quality Analysis

Live IPOs

Midwest Limited

Grey Market Premium (GMP) Trend

Midwest Limited IPO - Issue Objectives

Investment in subsidiary

Capital Expenditure

Repayment of loans

General corporate purposes

IPO Subscription Status

Financials of Midwest Limited

Midwest Limited - Promoter(s)

About Strength & Risks

Why this IPO looks interesting

Market Leadership in Black Galaxy Granite

Mine to distribution capabilities

Strong R&D capabilities

What investors should watch closely

Customer concentration risk

Geographic concentration in overseas markets

Registrar Contact Details

Midwest Limited IPO - FAQs

What is Midwest Limited IPO?

When does the Midwest Limited IPO open and close?

Where can I check the live subscription status of the Midwest Limited IPO?

What is the issue size of the Midwest Limited IPO?

What is the price band of the Midwest Limited IPO?

What is the minimum investment for the Midwest Limited IPO?

What is the allotment date of the Midwest Limited IPO?

What is the Midwest Limited IPO listing date?

How to check Midwest Limited IPO allotment status online?

Who is the registrar for the Midwest Limited IPO?

Decades of experience

Heavy reliance on Black Galaxy Granite

Highly regulated operations

Regulatory Notice and Reputation Risk