Midwest Ltd IPO — Clean Summary
India • Mainboard
Issue Snapshot
| Total Issue Size | ~₹451 crore |
|---|---|
| Fresh Issue | ~₹250 crore |
| Offer for Sale (OFS) | ~₹201 crore |
| Price Band | ₹1,014 – ₹1,065 per share (FV ₹5) |
| Lot Size | 14 shares per lot |
| Min. Investment (Upper Band) | ₹14,910 for 1 lot |
Key Dates
- Subscription: Oct 15 – Oct 17, 2025
- Basis of Allotment: Oct 20, 2025
- Refunds / Demat Credit: Oct 23, 2025
- Listing (BSE & NSE): Oct 24, 2025
Investor Reservation
- QIB: up to ~50%
- NII / HNI: ~15%
- Retail: ~35%
- Employee portion: up to ~₹1 crore
What the Company Does
Midwest Ltd operates in natural stone—mining, processing, and exporting granite and quartz products. The portfolio includes well-known varieties such as Black Galaxy and Absolute Black. The company also processes engineered quartz through a subsidiary.
Use of Proceeds
- Phase-II expansion of the quartz processing facility (subsidiary level)
- Acquisition of electric dump trucks
- Solar installations at select mining sites
- General corporate purposes (incl. possible debt-related items)
Market Buzz (Indicative)
- Early subscription showed healthy demand across investor categories
- Grey-market talk suggested a premium over the issue price around opening
Considerations
- Commodity-linked pricing can affect margins and cash flows
- Export exposure introduces currency and global demand risks
- Working-capital intensity typical for mining & processing businesses
Updated: Oct 17, 2025 (IST) Summarized in original words — no copyrighted text.
