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Midwest Limited IPO
Issue Size (Net)
Rs 451.00 Cr
Price Band
Rs 1014 to Rs 1065 per share
Issue Opens
October 15, 2025
Issue Closes
October 17, 2025

Company Highlights

1. Company Information

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. We are India’s largest producers and exporters of Black Galaxy Granite We operate 3Black Galaxy Granite Mines which allowed us to export 44,992cubic meters during Fiscal 2025. Black Galaxy Granite is a premium stone used in high-value real estate projects including luxury hotels, condominiums and apartments for applications such as kitchen counters, floor tiles, bathroom vanities, window sills, back splashes, fire place wraps, accent walls, sculptures, coffee tables, steps and facades 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.

2. Competitive Strengths

1) Recognized brand with legacy of operations and established parentage
2) Operations led by professional management team and established corporate governance standards
3) Well-diversified equity products mix backed by research-driven investment proces
4) Pan-India multi-channel sales and distribution network
5) Expanding proportion of AUM contributed by individual investors and SIP contributions
6) Integrated technology-led operations with a well-established digital eco-system

3. Midwest IPO Registrar
Kfin Technologies Ltd.

Phone:04067162222, 0407961100
Email: midwest.ipo@kfintech.com
Website: https://ipostatus.kfintech.com

Midwest Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
EBITDA
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-25
1,058.70
643.14
133.3
171.78
553.69
602.26
236.61
31-Mar-24
757.12
603.33
100.32
151.44
421.93
484.86
120.48
31-Mar-23
656
522.23
54.44
89.59
334.92
408.88
149.08
Amount in Rs. Crore

Midwest IPO Details

Issue Opening Date October 15, 2025
Issue Closing Date October 17, 2025
Face Value Rs 5 per share
Price Rs 1014 to Rs 1065 per share
Lot Size 14 Shares
Sale Type Fresh Capital-cum-Offer for Sale
Total Issue Size 42,34,740 shares (aggregating up to Rs 451.00 Cr)
Fresh Issue 23,47,417 shares (aggregating up to Rs 250.00 Cr)
Offer for Sale 18,87,323 shares of Rs 5 (aggregating up to Rs 201.00 Cr)
Employee Discount Rs 101.00
Issue Type Bookbuilding IPO
Listing At BSE, NSE

Midwest IPO Timeline (Tentative Schedule)

Event Tentative Date
Opening Date Wed, Oct 15, 2025
Closing Date Fri, Oct 17, 2025
Tentative Allotment Mon, Oct 20, 2025
Initiation of Refunds Thu, Oct 23, 2025
Credit of Shares to Demat Thu, Oct 23, 2025
Listing Date Fri, Oct 24, 2025
Cut-off time for UPI mandate confirmation 5 PM on Fri, Oct 17, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
Follow Us

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


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