Midwest IPO GMP, Price Band, Allotment, and Listing Details

Midwest Limited, a prominent player in the natural stone industry, is set to launch its Initial Public Offering (IPO) on October 15, 2025. The company aims to raise approximately ₹451 crores through this book-built issue, which includes a fresh issue of shares worth ₹250 crores and an Offer for Sale (OFS) of up to 18,87,323 equity shares.

As a key Upcoming IPO 2025, Midwest Limited’s public offering has garnered significant attention from investors. The IPO subscription will close on October 17, 2025, with shares expected to be listed on both the BSE and NSE on October 24, 2025. This article provides a comprehensive analysis of the company’s financials, IPO details, and the latest Midwest IPO Grey Market Premium.

Midwest Limited: Company Financials & Business Model

Founded in 1981, Midwest Limited has over four decades of experience in the exploration, mining, processing, and export of natural stones. The company is India’s largest producer and exporter of premium granite varieties like Black Galaxy, Absolute Black, and Tan Brown Granite. With 16 active mines across Telangana and Andhra Pradesh, Midwest has a strong operational footprint.

The company has a robust international presence, exporting its products to 17 countries, with China, Italy, and Thailand being its primary markets.

Financially, Midwest Limited has demonstrated consistent growth.

• For the fiscal year 2025, the company reported a revenue of ₹643.14 crores and a net profit of ₹133.30 crores.
• This is a significant increase from FY2024, when it recorded revenue of ₹603.33 crores and a net profit of ₹100.32 crores.

The funds raised from the fresh issue will be utilized for capital expenditure for its subsidiary, purchasing new equipment, integrating solar power at its mines, and repaying existing borrowings.

Midwest IPO Details

Here are the key details of the Midwest Limited IPO presented in a clear, tabular format.

Midwest IPO Grey Market Premium (GMP) – Live Updates

The grey market provides an early indication of an IPO’s potential listing performance. The Midwest IPO GMP Today will be closely watched by investors.

As of now, the Midwest Grey Market Premium has not commenced trading. We will provide live updates in this section as soon as the GMP becomes available. Please check back regularly for the latest information.

How to Check Midwest IPO Allotment Status?

The basis of allotment for the Midwest IPO is scheduled to be finalized on October 20, 2025. Investors who have applied for the IPO can check their allotment status on the official registrar’s website.

To check the Midwest Allotment Status, follow these steps:

1. Visit the official IPO registrar website: https://ipostatus.kfintech.com/
2. Select “Midwest Limited IPO” from the dropdown menu.
3. Enter your Application Number, Demat Account Number, or PAN Card details.
4. Enter the captcha code and click ‘Submit’.
5. Your allotment status will be displayed on the screen.

Refunds for non-allotted shares will be initiated on October 23, 2025, and allotted shares will be credited to Demat accounts on the same day.

Expert Opinion

Midwest Limited presents an interesting opportunity for investors. The company’s strengths include its established market leadership in specific granite varieties, a long operational history, a global distribution network, and a consistent track record of financial growth. The steady rise in revenue and profitability is a positive indicator.

However, potential investors should also consider the risks associated with the mining industry, dependency on international markets (especially China), and fluctuations in foreign exchange rates. The IPO is priced at a valuation that reflects its strong performance, and its peer comparison with Pokarna Limited shows competitive metrics.

Overall, the outlook is cautiously optimistic, with the potential for long-term growth given its industry position and expansion plans.

Disclaimer & Conclusion

The Midwest IPO offers investors a chance to be part of a leading natural stone company with a strong financial history. The company’s market leadership and growth plans are promising. Investors should carefully evaluate the company’s fundamentals, valuation, and market risks before making a decision.

Disclaimer: Grey market premiums are subject to change and may not reflect actual listing gains. Investors are advised to check official documents and consult financial advisors before investing. All information provided here is for educational purposes only and sourced from the company’s RHP/DRHP.