Midwest IPO Analyzed
Midwest, a company that makes special computer chips for solar panels, stone cutting, and other industries, is going public. They’re selling shares in an IPO (Initial Public Offering). This means regular investors can buy pieces of the company. They’ve set a price range for the shares, aiming to raise ₹451 crore.
Key Points
- Midwest is selling shares to raise ₹451 crore.
- Shares will be sold between ₹1,014 and ₹1,065 each.
- Key investors include promoters selling ₹250 crore.
- 50% for QIBs, 15% for retail, 35% for NIIs.
- Shares expected to list on NSE and BSE by Oct 24.
- Minimum investment for 1 lot: ₹14,910.
The company was started in 1981 and specializes in finding, cutting, and selling natural stone, particularly Black Galaxy Granite. They operate several mines in Telangana and Andhra Pradesh. This public offering is a way to get more money for expansion and growth.
The IPO will run from October 15th to October 17th, 2025. Anchor investors will bid a day earlier, on October 15th. The company expects its shares to start trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on October 24th, 2025. Investors can buy one lot of 14 shares, which costs at least ₹14,910.
Midwest’s financial performance shows a steady increase. In the last quarter (Q1FY26), they made ₹142.26 crore in sales and earned ₹24.38 crore in profit. Overall, their revenue grew nearly 7% to ₹626.18 crore in FY25 and their profit after tax rose to ₹107.5 crore.
“A successful IPO signifies trust and unlocks new possibilities for Midwest’s growth trajectory.”
