Midwest Limited IPO
Granites & Marbles · DRHP 30 Sept 2024 · listed 24 Oct 2025
Follow this IPOuse-of-proceeds reports, on Telegram
- Issue price
- ₹1,065.00
- band ₹1,014.00 to ₹1,065.00
- Issue size
- ₹451.0 cr
- fresh ₹250 cr · OFS ₹201 cr
- Lot
- 14 shares
- ₹14,910 at the top of the band
- Subscription window
- 15 Oct to 17 Oct
- 2025
- Listing
- 24 Oct 2025
- NSE
- Subscribed
- 68.1x
- retail 16.4x
About the Midwest IPO
Midwest Limited raised ₹451 crore through a mainboard IPO on NSE and BSE: a fresh issue of ₹250 crore and an offer for sale of ₹201 crore. The fresh issue goes to the company; the offer for sale goes to the shareholders selling.
Bidding ran Wed 15 Oct to Fri 17 Oct, at an issue price of ₹1,065 a share, in lots of 14 shares. The shares listed on 24 Oct 2025.
The book-running lead managers are DAM Capital Advisors Limited, Intensive Fiscal Services Private Limited and Motilal Oswal Investment Advisors Limited. The registrar, which handles allotment, is KFin Technologies Limited.
The issue was subscribed 68.07 times overall, with the retail portion at 16.4 times, as the exchange's bid book showed.
The draft offer document was filed on 30 Sept 2024.
newboard writes its studies from the offer document before an issue lists, and this one listed without one. The figures on this page are the exchange's and the offer document's, each with its source.
Midwest IPO: questions answered
When was the Midwest IPO open, and what were the price band and lot size?
Bidding ran Wed 15 Oct to Fri 17 Oct. The issue price is ₹1,065 a share. One lot is 14 shares, ₹14,910 at the upper end of the band.
When did the Midwest IPO list?
The shares listed on 24 Oct 2025 on NSE and BSE.
How do I check the Midwest IPO allotment status?
Allotment is finalised by the registrar, KFin Technologies Limited, usually the working day after the issue closes. Check it on the registrar's website or on BSE and NSE with a PAN, application number or DP ID. Shares not allotted have their blocked amount released by the refund date.
The Midwest IPO allotment status page, with the direct links
Who are the registrar and lead managers of the Midwest IPO?
The book-running lead managers are DAM Capital Advisors Limited, Intensive Fiscal Services Private Limited and Motilal Oswal Investment Advisors Limited. The registrar, which handles applications and allotment, is KFin Technologies Limited.
How many times was the Midwest IPO subscribed?
68.07 times overall, as the exchange's bid book last showed: qualified institutions 120.55 times, non-institutional investors 82.18 times and retail 16.4 times.
Is the Midwest IPO a fresh issue or an offer for sale?
A fresh issue of ₹250 crore, which goes to the company, and an offer for sale of ₹201 crore, which goes to the shareholders selling (45% of the issue).
What is the Midwest IPO GMP?
newboard does not publish a grey-market premium. Grey-market deals happen outside the stock exchanges, are not regulated, and leave no public record of who traded at what price. What is on record is the offer document, read on this page, and the exchanges' bid book.
Where the money went
The monitoring agency's report for the quarter to 30 Jun 2026: each object in the offer document and how much of it had been used by then.
| Object | Proposed, ₹ crore | Used, ₹ crore |
|---|---|---|
| Issue expenses | 203.8 | 179.5 |
| Total | 2,500.0 | 879.4 |
Midwest IPO: the next step, on Telegram
A message when there is news on each use-of-proceeds report the company files. Free, no account, leave in one tap. Send /stop to end it.
Not on this page yet: an offer-document study, the peer table the issuer printed. Each is added when the pipeline extracts it from the offer document.