Midwest IPO Subscription Status
Midwest IPO subscribed over 92.36x on its Last day till 05.00 PM on 17th October 2025.
- Midwest IPO subscription QIB investors’ portion is 146.99x times, while NII subscribed 176.57x times, and RII investors subscribed 25.52x times.
- The company has received bids for 27,40,31,674 shares against 29,67,136 shares on offer on the Last day.
- Midwest IPO subscribed over 12.34x times on day 2.
- Midwest IPO subscribed over 1.94x times on day 1.
About the Midwest IPO
Founded in 1981, Midwest Limited is one of the leading companies involved in the business of exploration, mining, processing, marketing, distribution, and export of natural stones. The company has over 40 years of experience in the natural stone industry, from mining and processing to sales, distribution, and marketing of different types of natural stones, they cover everything. Moreover, the Midwest is the largest producer and exporter of Black Galaxy Granite, which is a variety of Granite that is sparkling with flakes of a golden hue, Absolute Black Granite (a variety known for its remarkable surface finish), and Tan Brown Granite in India.
The company consists of 16 active granite mines in 6 locations across Telangana and Andhra Pradesh in India. Over the years of hard work, the company has established a strong international presence by exporting its products to 17 countries, mainly China, Italy, and Thailand. Its major clients include MP STENEKO AB (Sweden), GI-MA STONE SRL (Italy), Quanzhou Xingguang Stone Co., Ltd. (China), The Xiamen Group (China), King Marble and Granite Co. Limited (Thailand), and more. Midwest Limited Company consists of a total of 1,326 employees as of June 30, 2025.
Midwest IPO Company Financial Report
The company reported revenue of ₹643.14 crores in 2025 against ₹603.33 crores in 2024. The company reported a profit of ₹133.30 crores in 2025 against a profit of ₹100.32 crores in 2024.
Midwest IPO Company Financial Report
Midwest IPO GMP was ₹145 as of Friday, 17th October. That indicates the IPO is trading at ₹1210 with a ₹145 premium in the grey market against the issue price of ₹1065.
