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Midwest Limited

Midwest Limited is launching an IPO sized at ₹42,34,742 crore. The raise comprises a fresh issue of ₹23,47,418 crore and an OFS of ₹18,87,324 crore, together representing roughly 14 shares.

Subscription is open from 15-10-2025 to 17-10-2025. The allotment is expected on 20-10-2025, and listing is targeted for 24-10-2025. Note: fresh issue proceeds typically go to the company while OFS proceeds go to selling shareholders.

Start Date15-10-2025

End Date17-10-2025

Listing Date24-10-2025

Allotment Date20-10-2025

Current Price₹1,165

GMP₹92 (8.64%)

Lot Size14 Shares

Subscription92.34 Times

Face Value₹5 per share

Listing atNSE, BSE

Issue Price₹1014 - ₹1065

Pre Issue₹3,38,12,415

Post Issue₹0

Issue Size₹42,34,742
(aggregating up to 451.00 Cr)

Fresh Issue₹23,47,418
(aggregating up to 250.00 Cr)

Offer For Sale₹18,87,324
(aggregating up to 201.00 Cr)

The Grey Market Premium (GMP) for Midwest Limited is currently around ₹92 (8.64%). This indicates an estimated listing price of approximately ₹1,106 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.

Gmp Details

Last Updated	IPO Price	GMP	Estimated Listing Price
21 Nov 2025, 08:50	₹1,065	₹92	₹1,157 (8.64%)
23 Oct 2025, 17:49	₹1,065	₹92	₹1,157 (8.64%)
21 Oct 2025, 16:27	₹1,065	₹80	₹1,145 (7.51%)
20 Oct 2025, 06:51	₹1,065	₹93	₹1,158 (8.73%)
17 Oct 2025, 11:12	₹1,065	₹94	₹1,159 (8.83%)
16 Oct 2025, 14:33	₹1,065	₹128	₹1,193 (12.02%)
15 Oct 2025, 11:33	₹1,065	₹149	₹1,214 (13.99%)
14 Oct 2025, 16:50	₹1,065	₹116	₹1,181 (10.89%)
10 Oct 2025, 06:04	₹1,065	₹0	₹1,065 (0.00%)

Last Updated	IPO Price	GMP	Estimated Listing Price
21 Nov 2025, 08:50	₹1,065	₹92	₹1,157 (8.64%)
23 Oct 2025, 17:49	₹1,065	₹92	₹1,157 (8.64%)
21 Oct 2025, 16:27	₹1,065	₹80	₹1,145 (7.51%)
20 Oct 2025, 06:51	₹1,065	₹93	₹1,158 (8.73%)
17 Oct 2025, 11:12	₹1,065	₹94	₹1,159 (8.83%)
16 Oct 2025, 14:33	₹1,065	₹128	₹1,193 (12.02%)
15 Oct 2025, 11:33	₹1,065	₹149	₹1,214 (13.99%)
14 Oct 2025, 16:50	₹1,065	₹116	₹1,181 (10.89%)
10 Oct 2025, 06:04	₹1,065	₹0	₹1,065 (0.00%)

Financials overview In Crores

Here is a quick look at the recent financial performance of Midwest Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.

Key Performance

KPI	Jun-25	Mar-25	Mar-24	Mar-23
EPS	0	0	0	0
ROE	4.23	19.42	23.78	16.25
ROCE	3.91	18.84	25.00	14.39
RONW	0	0	0	0
PRE IPO(PE)	0	0	0	0
POST IPO(PE)	0	0	0	0

KPI	Jun-25	Mar-25	Mar-24	Mar-23
EPS	0	0	0	0
ROE	4.23	19.42	23.78	16.25
ROCE	3.91	18.84	25.00	14.39
RONW	0	0	0	0
PRE IPO(PE)	0	0	0	0
POST IPO(PE)	0	0	0	0

Subscription Details (No. of Shares)

The below shows how many shares were subscribed by each investor category in the Midwest Limited IPO. These numbers help you understand where the demand is coming from – whether it’s retail investors, QIBs, or NIBs. Higher subscription usually indicates strong interest and confidence from the market.

Subscription Demand (in ₹ Crore)

Category	Offered	Demand	Times
QIBs	₹89.95	13221.8	146.99
FIIs	₹0	3245.04	0.00
FIs	₹0	5212.53	0.00
Mutual Funds	₹0	1094.08	0.00
Others	₹0	3670.16	0.00
RETAIL	₹157.46	4013.3	25.49
HNIs 2+	₹22.49	2838.24	126.20
HNIs 10+	₹44.99	9077.43	201.77
EMPLOYEES	₹1.10	28.51	25.92
Total	₹315.99	29179.28	92.34

Category	Offered	Demand	Times
QIBs	₹89.95	13221.8	146.99
FIIs	₹0	3245.04	0.00
FIs	₹0	5212.53	0.00
Mutual Funds	₹0	1094.08	0.00
Others	₹0	3670.16	0.00
RETAIL	₹157.46	4013.3	25.49
HNIs 2+	₹22.49	2838.24	126.20
HNIs 10+	₹44.99	9077.43	201.77
EMPLOYEES	₹1.10	28.51	25.92
Total	₹315.99	29179.28	92.34

Application Wise Breakup (Approx. no of Apps)

Category	Reserved	Applied	Times
RETAIL	1,05,609	21,10,070	19.98
EMPLOYEES	0	12,822	0.00
HNIs(10L +)	2,155	87,309	40.51
HNIs (2-10L)	1,078	1,29,963	120.56
Total	1,08,842	23,27,342	21.38

Category	Reserved	Applied	Times
RETAIL	1,05,609	21,10,070	19.98
EMPLOYEES	0	12,822	0.00
HNIs(10L +)	2,155	87,309	40.51
HNIs (2-10L)	1,078	1,29,963	120.56
Total	1,08,842	23,27,342	21.38

The IPO reservation for Midwest Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.

IPO Reservation

Category	Shares Offers	No. of Shares
Anchor	29.94%	12,67,605
QIB	19.94%	8,44,579
HNI	14.96%	6,33,655
RETAIL	34.92%	14,78,529
Employee	0.24%	10,373
TOTAL	100.00%	42,34,741

Category	Shares Offers	No. of Shares
Anchor	29.94%	12,67,605
QIB	19.94%	8,44,579
HNI	14.96%	6,33,655
RETAIL	34.92%	14,78,529
Employee	0.24%	10,373
TOTAL	100.00%	42,34,741

Lot(s) Distribution

Category	Lot(s)	Qty	Amount
Retail (Min)	1	14	₹14,910
sHNI	14	196	₹2,08,740
bHNI	68	952	₹10,13,880

Category	Lot(s)	Qty	Amount
Retail (Min)	1	14	₹14,910
sHNI	14	196	₹2,08,740
bHNI	68	952	₹10,13,880

Below you can find the official contact details of Midwest Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.

Company Details

Email: cs@midwest.in

Phone: +91 402330 5194

Website: http://www.midwest.in/

Address: 8-2-684/3/25 & 26, Road No.12, Banjara Hills Hyderabad, Telangana, 500034

IPO Registrar

Name: Kfin Technologies Limited

Phone: +914067162222

Email: midwest.ipo@kfintech.com

Website: https://ipostatus.kfintech.com/