
Midwest Limited IPO
Midwest Limited IPO is a Mainboard book building IPO. Issue size is 451.00 Cr. Price band is ₹1014 to ₹1065 per share. Minimum investment is ₹14,910. Lot size is 14 shares. Open from 15 Oct 2025 to 17 Oct 2025. Allotment on 20 Oct 2025. Listing on 24 Oct 2025 at BSE, NSE. Managed by Dam Capital Advisors Ltd.,Intensive Fiscal Services Pvt.Ltd.,Motilal Oswal Investment Advisors Ltd.. Registrar: Kfin Technologies Limited. Key details for GMP, subscription, price, allotment, and listing in one place.
Midwest Limited IPO overview
Midwest Limited IPO Key figures
Price band, lot, minimum application, and issue window at a glance.
Midwest Limited IPO important dates
Midwest Limited IPO lot size
| Category | 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 (UPI) | 33 | 462 | ₹4,92,030 |
| S-HNI (Max) | 67 | 938 | ₹9,98,970 |
| B-HNI (Min) | 68 | 952 | ₹10,13,880 |
About Midwest Limited IPO
From the company / RHP narrative.
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. (China), The Xiamen Group (China), King Marble and Granite Co. Ltd. (Thailand) and more.
Workforce
As of June 30, 2025, Midwest Limited employed a total of 1,326 personnel, consisting of:
475 permanent employees
822 contract workers
29 consultants
Resource Strength and Expansion Plans
Apart from the current operational mines, Midwest Limited has identified 25 resource locations across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, ensuring long-term sustainability.
Objective of the issue
How the issuer plans to use IPO proceeds.
Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary
Capital expenditure for integration of solar energy at certain Mines of the Company
Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM
General corporate purposes.
Documents & links
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Registrar
Details about the registrar of the issue.
Issue details
Key details about the issue, including the face value, lot size, and minimum investment.
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