The Midwest Limited IPO is all set to list on Friday, October 24, 2025, marking its much-awaited debut on both the BSE and NSE.
The IPO, which opened for subscription between October 15 and October 17, 2025, saw overwhelming investor participation. The basis of allotment was finalised on October 20, 2025. The issue comprised a fresh share issuance worth ₹250 crore and an offer for sale (OFS) of ₹201 crore, bringing the total issue size to ₹451 crore.
The price band was fixed between ₹1,014 and ₹1,065 per share, with a lot size of 14 shares.
Massive Investor Response
The IPO witnessed a stellar subscription rate of 92.36 times overall, reflecting strong investor confidence in the company’s growth prospects.
Here’s how each investor category performed:
- Qualified Institutional Buyers (QIBs): 146.99 times
- Non-Institutional Investors (NIIs): 176.57 times
- Retail Investors: 25.52 times
In total, the IPO attracted 27.40 crore bids against 29.67 lakh shares available for subscription — underscoring robust demand across all investor classes.
About Midwest Limited
Founded in 1981, Midwest Limited is a leading player in the natural stone industry, engaged in exploration, mining, processing, marketing, and export of high-quality natural stones. The company is widely recognized as one of India’s foremost producers and exporters of Black Galaxy Granite, famed for its golden-speckled texture.
With over four decades of expertise, Midwest manages the complete value chain—from mine development to fabrication and distribution—while maintaining a strong commitment to sustainable operations.
In FY2024, Midwest accounted for 23% of India’s total Black Galaxy Granite exports, shipping 48,249 cubic meters worldwide.
Summary
Midwest Limited will list on the BSE and NSE on October 24, 2025, following an oversubscribed IPO of ₹451 crore that received an overwhelming 92.36 times response from investors. With a rich legacy in the natural stone sector and a strong export footprint, the company’s market debut is among the most anticipated listings of the year.
Disclaimer:
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