IPO Issue Details
Issue Price / Price Band₹1,065 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size14 Shares per Lot
Total Issue Size42,34,740 shares (aggregating up to ₹451.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 15 Oct 2025
Subscription CloseFri, 17 Oct 2025
Anchor AllotmentTue, 14 Oct 2025
Basis of AllotmentMon, 20 Oct 2025
Initiation of RefundsThu, 23 Oct 2025
Credit of Shares to DematThu, 23 Oct 2025
Listing DateFri, 24 Oct 2025
UPI Mandate Deadline2025-10-17
Application & Investment Details
Retail — Min (1 Lots)₹14,910 — 14 shares
Retail — Max (13 Lots)₹193,830 (13 Lots)
HNI — Min (14 Lots)₹2,08,740 — 196 shares
EPS (Pre-IPO)₹39.42
EPS (Post-IPO)₹26.97
P/E Ratio (Pre-IPO)27.01x
P/E Ratio (Post-IPO)39.49x
Pre-IPO Promoter Holding3,38,12,415 shares
Post-IPO Promoter Holding3,61,59,832 shares
Fresh Issue Shares23,47,417 shares (aggregating up to ₹250.00 Cr)
Offer for Sale Shares18,87,323 shares of ₹5 (aggregating up to ₹201.00 Cr)
About Midwest Ltd
Midwest Ltd is proposing an Initial Public Offering (IPO) on the NSE & BSE platform under the Mainboard category.
The total issue size is 42,34,740 shares (aggregating up to ₹451.00 Cr).
The IPO subscription opens on 15 Oct 2025 and closes on 17 Oct 2025. Listing is expected on 24 Oct 2025.
Investors can apply through ASBA or UPI via their broker app.
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,38,12,415 shares
Post-IPO Promoter Holding
3,61,59,832 shares
IPO Subscription Status
Listed on 24 Oct 2025
Final subscription figures recorded below
Open Date
15 Oct 2025
Wed
Close Date
17 Oct 2025
Fri
Allotment
20 Oct 2025
Mon
UPI Mandate Deadline: 2025-10-17
Important Dates
Subscription OpensWed, 15 Oct 2025
Subscription ClosesFri, 17 Oct 2025
Anchor AllotmentTue, 14 Oct 2025
Basis of AllotmentMon, 20 Oct 2025
Initiation of RefundThu, 23 Oct 2025
Demat CreditThu, 23 Oct 2025
Listing DateFri, 24 Oct 2025
UPI Mandate Deadline2025-10-17
Lot Size & Investment Table
| Application | Lots | Shares | Amount |
|---|
| Retail (Min — 2 Lots) |
2 |
28 |
₹29,820 |
| Retail (Max — 13 Lots) |
13 |
182 |
₹193,830 |
| S-HNI (Min — 14 Lots) |
14 |
196 |
₹208,740 |
| S-HNI (Max — 66 Lots) |
66 |
924 |
₹984,060 |
| B-HNI (Min — 67 Lots) |
67 |
938 |
₹998,970 |
* Issue Price ₹1,065 × Lot Size 14 shares
Company Financials — Restated Consolidated
(Amount in ₹ Crore)
| Particulars |
30 Jun 2025 |
31 Mar 2025 |
31 Mar 2024 |
| Revenue from Operations |
146.47 |
643.14 |
603.33 |
| EBITDA |
38.97 |
171.78 |
151.44 |
| Profit After Tax (PAT) |
24.38 |
133.30 |
100.32 |
| Net Worth |
577.03 |
553.69 |
421.93 |
| Total Assets |
1082.81 |
1058.70 |
757.12 |
| Reserves & Surplus |
625.60 |
602.26 |
484.86 |
| Total Borrowings |
270.11 |
236.61 |
120.48 |
| EBITDA Margin (%) |
27.43% |
— | — |
| PAT Margin (%) |
17.17% |
— | — |
Key Ratios & Valuation
Issue Price₹1,065
Face Value₹5 Per Share
Price / Book Value (P/BV)6.50
Return on Equity (RoE)19.42%
Return on Capital Employed (RoCE)18.84%
Return on Net Worth (RoNW)22.11%
PAT Margin (%)17.17%
EBITDA Margin (%)27.43%
Debt / Equity Ratio0.43
Issue Structure & Shareholding
Total Shares OfferedNot Available
Net Offer to PublicNot Available
Reserved for Market MakerNot Available
Pre-Issue Promoter Holding3,38,12,415 shares
Post-Issue Promoter Holding3,61,59,832 shares
Script CodeNot Available
Objects of the Issue
Midwest Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:
Issue Composition & Shareholding
Issue TypeBookbuilding IPO
Sale TypeFresh Capital-cum-Offer for Sale
Total Shares OfferedNot Available
Net Offer to PublicNot Available
Reserved for Market MakerNot Available
Pre-Issue Promoter Holding3,38,12,415 shares
Post-Issue Promoter Holding3,61,59,832 shares
