✓
Open
15 Oct 2025
✓
Close
17 Oct 2025
3
Allotment
—
✓
Listing
Fri, Oct 24, 2025
Price Band
₹1014 to ₹1065
Issue Size
42,35,724 shares (agg. up to ₹451 Cr)
Lot Size
14 Shares
Listing Date
Fri, Oct 24, 2025
Latest GMP
₹100
Est. Gain
9.39%
✦ AI Insight
GMP Trend
24-10-2025₹100Est. ₹1165+9.39%
23-10-2025₹115Est. ₹1180+10.8%
22-10-2025₹103Est. ₹1168+9.67%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 64.34x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,082.81 | 1,058.70 | 757.12 | 656.00 |
| Total Income | 146.47 | 643.14 | 603.33 | 522.23 |
| Profit After Tax | 24.38 | 133.30 | 100.32 | 54.44 |
| EBITDA | 38.97 | 171.78 | 151.44 | 89.59 |
| NET Worth | 577.03 | 553.69 | 421.93 | 334.92 |
| Reserves and Surplus | 625.60 | 602.26 | 484.86 | 408.88 |
| Total Borrowing | 270.11 | 236.61 | 120.48 | 149.08 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, the Material Subsidiary | 25.76 |
| 3 | Capital expenditure for integration of solar energy at certain Mines of the Company | 3.26 |
| 4 | Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM | 56.22 |
| 5 | General Corporate Purposes | 9.08 |
| 6 | Issue Expenses | 45.76 |
| Total | 270.37 |
About Midwest IPO
Midwest Limited, incorporated in 1981, is engaged in the business of exploration, mining, processing, marketing, distribution, and export of natural stones. The company is a producer and exporter of Black Galaxy Granite, a unique granite variety known for its sparkling golden flakes. Midwest Limited operates 16 granite mines across 6 locations in Telangana and Andhra Pradesh, producing a wide range of granite varieties, including: Black Galaxy, Absolute Black and Tan Brown. The company also has one granite processing facility in each of the states of Telangana and Andhra Pradesh, enabling large-scale processing and finishing of granite products. In addition to the operational mines, Midwest Limited has built a strong resource base comprising 25 locations across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu for future mining operations. Global Presence and Export Market Midwest Limited has established a strong global presence, exporting its products to 17 countries across five continents, with China, Italy, and Thailand being the primary export markets. The company's key customers include: MP STENEKO AB (Sweden), GI-MA STONE SRL (Italy), Quanzhou Xingguang Stone Co., Ltd. (Ch
Contact Details
Midwest Ltd. Address8-2-684/3/25 & 26Road No.12Banjara HillsHyderabad, Telangana, 500034+91 402330 5194cs@midwest.inVisit Website