Midwest IPO

Midwest IPO

mainboardAlloted
GMP
₹115
(+10.80%)

IPO Details

Price
₹1014.0 - ₹1065.0
Lot
14 shares
Size
₹451.00 Cr
Open
15 Oct 2025
Close
17 Oct 2025
Allotment
20 Oct 2025
Listing
24 Oct 2025
Expected
₹1180

Objectives

  • •Funding capital expenditure by Midwest Neostone, the wholly owned subsidiary, towards the Phase II Quartz Processing Plant (₹127.05 Cr).
  • •Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, our Material Subsidiary (₹25.76 Cr).
  • •Capital expenditure for integration of solar energy at certain Mines of the Company (₹3.26 Cr).
  • •Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM (₹53.8 Cr).
  • •General corporate purposes.
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