Midwest IPO Allotment Status & Key Details

The Midwest India Industries Ltd IPO closed for subscription on October 17, 2025. The ₹451 crore issue comprised a fresh issue of ₹250 crore and an offer for sale of ₹201 crore, with a price band of ₹1,014–₹1,065 per share.

The basis of allotment is expected to be finalized on October 20, 2025, while the listing is tentatively scheduled for October 24, 2025.

Midwest is a leading natural stone and quartz processor engaged in the extraction, processing, and export of natural stones. The company is India’s largest producer and exporter of Black Galaxy Granite and Absolute Black Granite, operating across mining, processing, and global distribution.

How to Check IPO Allotment Status

Option 1: On BSE Website

1. Visit the BSE IPO Application Status Page

2. Select ‘Equity’ under Issue Type

3. Choose “Midwest India Industries Ltd” under Issue Name

4. Enter your Application Number or PAN

5. Click ‘Submit’ to view your allotment status

Option 2: On NSE Website

1. Visit the NSE IPO Allotment Page

2. Select ‘Equity’ and choose your IPO name

3. Enter your PAN or Application Number

4. Click ‘Submit’

Option 3: On Registrar’s Website (KFin Technologies Ltd)

1. Visit KFintech IPO Allotment Page

2. Select “Midwest India Industries Ltd” from the dropdown

3. Enter any of the following:

   • PAN

   • Application Number

   • DP/Client ID

4. Click ‘Submit’ to check your allotment status
   
   

Midwest India Industries Ltd is a fully integrated natural stone and quartz processor specializing in high-quality granite extraction and export. The company operates 16 granite mines and two large-scale processing facilities, catering to clients across 17 countries on five continents.

It holds approximately 64% of India’s Black Galaxy Granite export market and 15.7% of Absolute Black Granite production, making it a dominant player in its segment. Midwest also runs a diamond wire manufacturing facility, serving both mining and construction industries.

Recent Financials (FY25):

• Operating Revenue: ₹626 crore

• EBITDA: ₹172 crore (27.4% margin)

• Net Profit: ₹133 crore

• Net Worth: ₹632 crore

• ROE: 21%

Historical Financials (₹ crore):

Midwest’s consistent profitability, strong export base, and healthy return ratios underline its operational efficiency and leadership in the natural stone export sector.

Key Takeaway:
The Midwest IPO allotment will be finalized on October 20, 2025, with the listing scheduled for October 24, 2025. Investors can check their allotment on the KFintech portal once activated.