IPO - Initial Public Offerings

 MIDWESTLTD

  

MIDWEST LTD. IPO

15 Oct, 10:00 AM

Issue Open

17 Oct, 05:00 PM

Issue Close

14

Lot Size

₹ 1014.00 – ₹ 1065.00

Price Range

IPO Issue Details

Issue size 451.00 Cr
Market Price 1065.00
Registrar Kfin Technologies Ltd
Face Value RS.5 /- Per share
Listing at NSE BSE

About

MIDWEST LTD. 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. (China), The Xiamen Group (China), King Marble and Granite Co. Ltd. (Thailand) and more. Workforce As of March 31, 2024, Midwest Limited employed a total of 1,232 personnel, consisting of: 409 permanent employees 791 contract workers 32 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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 1 14 ₹ 14,910.00
Retail (Max) 13 182 ₹ 1,93,830.00
S-HNI (Min) 14 196 ₹ 2,08,740.00
S-HNI (Max) 67 938 ₹ 9,98,970.00
B-HNI (Min) 68 952 ₹ 10,13,880.00

IPO TimeLine

Open Date 15-Oct-2025
Close Date 17-Oct-2025
Basis of Allotment Date 20-Oct-2025
Initiation of Refunds 23-Oct-2025
Credit Shares to Demat A/c 23-Oct-2025
IPO Listing Date 24-Oct-2025