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Midwest Limited IPO

BBMainboardBSE, NSEListed
Listed at
1165
+9.39%

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.

Official documents: RHP and DRHP.

Midwest Limited IPO overview

Midwest Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹1014 to ₹1065
Lot size
14 shares / lot
Min investment
₹14,910
Issue open – close
15 Oct 2025 → 17 Oct 2025

Midwest Limited IPO important dates

Issue Opens
15 Oct 2025
Issue Closes
17 Oct 2025
Allotment
20 Oct 2025
Listing
24 Oct 2025

Midwest Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)11414,910
Retail (Max)131821,93,830
S-HNI (Min)141962,08,740
S-HNI (UPI)334624,92,030
S-HNI (Max)679389,98,970
B-HNI (Min)6895210,13,880

About Midwest Limited IPO

From the company / RHP narrative.

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. (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.

Funding capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant.

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.
Midwest Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
Kfin Technologies Limited
Phone
4067162222
Address
KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
BB
Face Value
5
Lead Managers
Dam Capital Advisors Ltd.,Intensive Fiscal Services Pvt.Ltd.,Motilal Oswal Investment Advisors Ltd.
Min Quantity
14
Company Promoters
Mr. Kollareddy Rama Raghava Reddy,Mr. Kollareddy Ramach,ra,Mrs. Kukreti Soumya,Mrs. Uma Priyadarshini Kollareddy are the company promoters.
Phone
+91 402330 5194
Address
Midwest Ltd. 8-2-684/3/25 & 26, Road No.12, Banjara Hills Hyderabad, Telangana, 500034

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