IPO Trending
MIDWESTLTDEQ / NSE, BSEListed
Midwest

Midwest Limited, incorporated in 1981, is involved in the exploration, mining, processing, marketing, distribution, and export of natural stones. The company is best known for producing and exporting Black Galaxy Granite, a distinctive variety featuring sparkling golden flakes. It operates 16 granite mines across Telangana and Andhra Pradesh, offering varieties like Black Galaxy, Absolute Black, and Tan Brown, along with processing facilities in both states for large-scale production. Midwest has also developed a strong resource base with 25 potential mining sites across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. The company exports to 17 countries across five continents, with key markets in China, Italy, and Thailand, and major clients such as MP STENEKO AB (Sweden), GI-MA STONE SRL (Italy), and The Xiamen Group (China). As of June 30, 2025, it employed 1,326 people, including 475 permanent employees, 822 contract workers, and 29 consultants.

₹1,014 - ₹1,06592.34x sub
Listed Price₹1165.00
Listing Gain+9.39%

IPO Schedule & Timeline

Open15 Oct 2025
Close17 Oct 2025
Allotment20 Oct 2025
Listing24 Oct 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor12,67,605 shares
29.93%
QIB8,44,579 shares
19.94%
HNI6,33,655 shares
14.96%
Retail14,78,529 shares
34.91%
Employee10,373 shares
0.24%

Minimum Application Lots

Retail1 Lot (14 shares)
₹14,910
sHNI14 Lots (196 shares)
₹2,08,740
bHNI68 Lots (952 shares)
₹10,13,880

Company Promoters

Mr. Kollareddy Rama Raghava ReddyMr. Kollareddy RamachandraMrs. Kukreti SoumyaMrs. Uma Priyadarshini Kollareddy

Company Background

Midwest Limited, incorporated in 1981, is involved in the exploration, mining, processing, marketing, distribution, and export of natural stones. The company is best known for producing and exporting Black Galaxy Granite, a distinctive variety featuring sparkling golden flakes. It operates 16 granite mines across Telangana and Andhra Pradesh, offering variet...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-25)₹146.5 Cr
Growth-71.9%
Revenue Trend (₹ in Crores)
0.0246.5493.0739.6Mar-23Mar-24Mar-25Jun-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-25146.524.41,082.8 270.1
Mar-25643.1133.31,058.7236.6
Mar-24603.3100.3757.1120.5
Mar-23522.254.4656.0149.1

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-2504.23%3.91%00
Mar-25019.42%18.84%00
Mar-24023.78%25.00%00
Mar-23016.25%14.39%00

Peer Comparison & Valuation

Financial Performance

Midwest Limited

NAV/Share (₹)163.75
RONW(%)22.11
EPS (Basic) (₹)39.42

Pokarna Limited

NAV/Share (₹)250.93
RONW(%)24.11
EPS (Basic) (₹)60.49

Valuation

Midwest Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)5.00

Pokarna Limited

P/E(X)12.73
CMP* (₹)769.75
Face value (₹)2.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
20 Oct 2025
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
24 Oct 2025

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Midwest. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization20 Oct 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date24 Oct 2025Trading commences on exchange

How to Check Midwest Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Midwest from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Midwest IPO

Complete issue overview for Midwest (MIDWESTLTD) IPO. The issue features an equity share price band of ₹1014 – ₹1065 per share with a minimum retail lot size of 14 Shares (minimum application amount of ₹14,910). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions