Check Overall Subscription & Steps to Verify Status

The subscription window for the Midwest IPO closed on October 17, 2025. The allotment process is expected to be finalised on October 20, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as October 24, 2025.

Here are the procedures to check Midwest IPO Allotment Status online on the BSE, NSE and the registrar’s website.

Procedure to Check Midwest IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “Midwest Ltd”.
• Enter your PAN No. and application No. 
• Click “Submit”.

Procedure to Check Midwest IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• In Issue Type, “Equity”.
• In Issue Name, select “Midwest Ltd”.
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a robot”.
• Click “Submit”.

Procedure to Check Midwest IPO Allotment Status on Kfin Technologies (Registrar to the issue)

• Visit the Kfin Technologies IPO allotment status page here. 
• Click on any of the links. 
• In Select IPO, select “Midwest Ltd”.
• Enter any of the following details. 
• PAN
• App. No.
• Demat Account
• Enter the captcha and click “Submit”.

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Midwest IPO: Issue Details

The Midwest IPO  was a book-building issue of ₹451 crore, consisting of a fresh issue of ₹250 crores and an offer for sale (OFS) of ₹201 crore. The price band was set between ₹1014 and ₹1065 per share. 

The book-running lead managers for the IPO are DAM Capital Advisors Limited, Intensive Fiscal Services Private Limited, and Motilal Oswal Investment Advisors Limited. At the same time, KFin Technologies Limited serves as the registrar for the issue.

Check out newly Listed IPOs on BSE and NSE.

Midwest IPO Overall Subscription Status

[17-October-2025, end of the day]

Utilisation of IPO Proceeds

The net proceeds from the fresh issue will be used towards the following objectives:

• Repay/prepay outstanding company borrowings 
• General corporate purposes 
• To allocate funds towards capital expenditure for acquiring electric dump trucks
• To extend a loan to Andhra Pradesh Granite (Midwest) Private Limited, a material subsidiary, to support its business requirements.
• To invest in the company’s wholly owned subsidiary, Midwest Neostone Private Limited, in the form of a loan for its Phase II expansion of the quartz grit and powder processing facility.

Midwest Ltd – Business Overview

Midwest Ltd is a natural stone and quartz processor engaged in the extraction, processing, and export of natural stones. With an integrated business model, Midwest manages the entire value chain, from mining and processing to distribution. Further, the company is India’s largest producer and exporter of Black Galaxy Granite and Absolute Black Granite. 

Financially, in FY 2025, Midwest Ltd reported revenue of about ₹626.18 crore (up 6.9% from ₹585.62 crore in FY 2024) and a net profit (PAT) of ₹133.30 crore, up 33% from ₹100.32 crore in FY 2024.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. 

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