Midwest Limited IPO
The company brings over four decades of experience in the dimensional natural stone industry, with established capabilities across the exploration, development, mining, processing, marketing, distribution, and export of natural stones. With a strong focus on sustainability, the company manages the entire value chain—from quarrying to global distribution—offering a wide variety of premium natural stone products. It is recognized as India’s largest producer and exporter of Black Galaxy Granite, a distinctive granite variety known for its golden-hued, sparkling flakes
Price Band₹0 |
Dates- |
GMP₹0 (-) |
Subscriptions- |
Issue Size₹650.00 Crs |
Midwest IPO Objects
- Funding capex by our wholly owned subsidiary, towards the “Phase II Quartz Processing Plant”)
- Capex for purchase of electric dump trucks
- Capex for integration of solar energy at certain Mines of our Company
- Pre-payment of, in part or full, certain outstanding borrowings of the Company and APGM
- General corporate purposes
Midwest IPO Details
Price Band₹0 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹250.00 Cr (0.00 Shares) |
Offer For Sale₹400.00 Cr (0.00 Shares) |
Total Issue₹650.00 Cr (0.00 Shares) |
Face Value₹5 per equity share |
Midwest IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
0
0
0
Maximum
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-
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| Small HNI |
Minimum
-
-
-
Maximum
-
-
-
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| Big HNI |
Minimum
-
-
-
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Midwest IPO GMP
The estimated Grey Market Premium of Midwest IPO is ₹0 per share (-)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | TBD |
| Shareholder | NA |
Midwest IPO Financials
| Particulars | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Revenue from Operations | 585.62 | 502.52 | 525.24 |
| Profit after Tax | 100.32 | 54.44 | 67.09 |
| Net Worth | 421.93 | 334.92 | 274.74 |
| Total Borrowing | 120.48 | 149.08 | 96.07 |
| Total Assets | 757.12 | 656.00 | 603.75 |
| NAV per share (in ₹) | 124.79 | 99.05 | 81.25 |
| EPS - Basic (in ₹) | 29.67 | 16.10 | 19.84 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 25.86% |
| PAT | 17.13% |
| ROE | 23.78% |
| ROCE | 25% |
| Debt to Equity | 0.29 |
- All the data pertains to FY 2023-24
Midwest IPO Peer Comparision
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Midwest IPO Peer Comparision
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Promoter Details
| Name | Shareholding |
|---|---|
| Kollareddy Rama Raghava Reddy | 73.58% |
| Kollareddy Ramachandra | 5% |
| Kukreti Soumya | 5% |
| Uma Priyadarshini Kollareddy | 1% |
| Other Promoters | 11.25% |
| Total | 95.83% |
Management Details
| Name | Designation |
|---|---|
| Rana Som | Chairman |
| Kollareddy Ramachandra | CEO |
| Dilip Kumar Chalasani | CFO |
Company Details
Name: Midwest Limited
Address: 8-2-684/3/25 & 26 Road No.12, Banjara Hills Hyderabad 500 034 Telangana, India
Number: 40 2330 5194
Email: cs@midwest.in
Website: www.midwest.in
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Midwest IPO is a Mainboard IPO having an issue size of Rs. ₹650.00 Crs. Midwest IPO is priced at ₹0 - ₹0 per share. The issue opens on 12 Jul 25 and closes on 12 Jul 25.
Midwest IPO opens on 12 Jul 25 and closes on 12 Jul 25.
The estimated Grey Market Premium of Midwest IPO is ₹0 per share (-).
The minimum lot size of Midwest IPO is shares & the minimum application amount is Rs. 0.
The allotment date of Midwest IPO is 12 Jul 25.
The listing date of Midwest IPO is 12 Jul 25.
Midwest IPO is subscribed -.
Midwest IPO is priced at ₹0 - ₹0 per share.
Click the allotment link on Midwest IPO page of IPO360.
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- Enter Qty and Price
- Submit the application
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- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Midwest IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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