Midwest Ltd. IPO: All You Need to Know Before Investing
16 October 2025 ·
Get complete details on Midwest Ltd. IPO — GMP, price band, subscription status, listing date, and expert review. Know whether it’s a good investment opportunity.
About Midwest Ltd.
The Midwest Ltd. IPO has gained notable attention among retail and institutional investors for its strong fundamentals and growth prospects in the mining and infrastructure sectors. With its robust financial performance and established presence, the company’s public issue is expected to attract high demand. This article provides a detailed overview of the Midwest Ltd. IPO date, price band, GMP, subscription status, and review to help investors make an informed decision.
Founded in 1993, Midwest Ltd. is one of India’s leading companies in the mining, engineering, and infrastructure segment. The company specializes in contract mining, exploration, drilling, blasting, and mineral transportation. It also engages in steel, cement, and power plant infrastructure projects across India.
Midwest operates with an integrated business model that combines operational efficiency with technical expertise, giving it an edge in large-scale mining projects. Over the years, it has built a strong track record of project execution for both government and private sector clients.
Midwest Ltd. IPO Overview
| Particulars | Details |
|---|---|
| IPO Opening Date | October 16, 2025 |
| IPO Closing Date | October 18, 2025 |
| Listing Date | October 22, 2025 (Tentative) |
| Price Band | ₹132 to ₹138 per share |
| Lot Size | 108 shares |
| Minimum Investment | ₹14,904 |
| Issue Size | ₹250 Crores |
| Face Value | ₹10 per share |
| Listing Exchange | BSE, NSE |
Midwest Ltd. IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | October 16, 2025 |
| IPO Close Date | October 18, 2025 |
| Basis of Allotment | October 20, 2025 |
| Refunds Initiation | October 21, 2025 |
| Shares Credited to Demat | October 21, 2025 |
| Listing Date | October 22, 2025 |
Midwest Ltd. Financial Highlights (₹ in Crores)
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | 540.2 | 750.8 | 1,010.4 |
| EBITDA | 74.5 | 102.3 | 148.7 |
| PAT | 36.8 | 52.9 | 79.4 |
| Net Worth | 215.7 | 285.9 | 367.2 |
| ROE (%) | 17.1% | 18.5% | 21.6% |
Midwest Ltd. IPO GMP (Grey Market Premium)
As per market reports, the Midwest Ltd. IPO GMP is hovering around ₹18–₹20 per share in the grey market. This indicates a premium of nearly 14% over the upper price band of ₹138, suggesting positive investor sentiment and a likely strong listing debut.
However, GMP trends can fluctuate until the listing date, so investors should track updates closely before making final decisions.
Midwest Ltd. IPO Objectives
The company plans to utilize the IPO proceeds for the following purposes:
Capital Expenditure: Expansion of mining and drilling equipment.
Working Capital Requirements: To support increased operational capacity.
Debt Repayment: Reducing outstanding borrowings to strengthen the balance sheet.
General Corporate Purposes: To support long-term growth and new project bids.
Midwest Ltd. IPO Review — Is It Worth Investing?
The Midwest Ltd. IPO review from analysts suggests a moderately positive outlook. The company has a well-established position in the mining and infrastructure sector, with a strong client base and improving margins.
Positives:
Steady revenue and profit growth.
Experienced management team.
Expansion in both domestic and international projects.
Low debt-to-equity ratio and strong cash flow position.
Risks:
Dependence on government contracts and project clearances.
Cyclical nature of mining and infrastructure sectors.
Potential volatility in commodity prices.
Overall, the IPO appears suitable for medium to long-term investors seeking exposure to India’s growing mining and construction infrastructure sectors.
Midwest Ltd. IPO Subscription Status
As of Day 2 of bidding, the Midwest IPO subscription status shows strong demand across all categories — with Retail Investors and NII (Non-Institutional Investors) leading the interest.
Final subscription figures will be available on the closing day, and early trends indicate a multi-times oversubscription, reflecting solid investor confidence.
Midwest Ltd. IPO Listing Date and Expected Price
The Midwest IPO listing date is tentatively set for October 22, 2025 on both BSE and NSE. Based on current GMP trends, the stock may list around ₹155–₹160 per share, offering 10–15% listing gains for investors.
However, post-listing performance will depend on broader market conditions and sectoral demand.
Conclusion
The Midwest Ltd. IPO offers investors an opportunity to participate in a well-established mining company with consistent financial performance and solid industry presence. While the GMP indicates optimism, investors should assess their risk tolerance before subscribing.
For long-term investors, Midwest Ltd. could be a promising addition, considering its growth trajectory, expansion plans, and favorable market position.
FAQs on Midwest Ltd. IPO
1. What is the Midwest Ltd. IPO price band?
The IPO price band is set between ₹132 and ₹138 per share.
2. What are the Midwest Ltd. IPO opening and closing dates?
The IPO opens on October 16, 2025 and closes on October 18, 2025.
3. What is the Midwest IPO GMP today?
The current GMP is around ₹18–₹20, indicating a 14% expected listing premium.
4. When will Midwest Ltd. shares list on the stock exchange?
The shares are expected to list on October 22, 2025 on BSE and NSE.
5. Is Midwest IPO a good buy?
Analysts view it as a moderate to good investment for long-term investors due to strong fundamentals and consistent financial growth.