Comparison between ArMee Infotech IPO and Midwest IPO.
ArMee Infotech IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Midwest IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of ArMee Infotech IPO is up to ₹300.00 Cr whereas the issue size of the Midwest IPO is up to ₹451.10 Cr. The final issue price of ArMee Infotech IPO is and of Midwest IPO is ₹1,065.00 per share.
| ArMee Infotech IPO | Midwest IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹1,014.00 per share | |
| Issue Price (Upper) | ₹1,065.00 per share | |
| Issue Price (Final) | ₹1,065.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ₹101.00 per share | |
| Market Lot Size | 14 shares | |
| Fresh Issue Size | 0 shares | 23,48,401 shares |
| Fresh Issue Size (Amount) | up to ₹300.00 Cr | up to ₹250.10 Cr |
| OFS Issue Size | 0 shares | 18,87,323 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹201.00 Cr |
| Issue Size Total | 0 shares | 42,35,724 shares |
| Issue Size Total (Amount) | up to ₹300.00 Cr | up to ₹451.10 Cr |
ArMee Infotech IPO opens on , while Midwest IPO opens on Oct 15, 2025. The closing date of ArMee Infotech IPO and Midwest IPO is , and Oct 17, 2025, respectively.
| ArMee Infotech IPO | Midwest IPO | |
|---|---|---|
| Anchor Bid Date | Oct 14, 2025 | |
| Issue Open | Oct 15, 2025 | |
| Issue Close | Oct 17, 2025 | |
| Basis Of Allotment (Tentative) | Oct 20, 2025 | |
| Initiation of Refunds (Tentative) | Oct 23, 2025 | |
| Credit of Share (Tentative) | Oct 23, 2025 | |
| Listing date (Tentative) | Oct 24, 2025 | |
| Anchor Lockin End date 1 | Nov 18, 2025 | |
| Anchor Lockin End date 2 | Jan 17, 2026 |
ArMee Infotech IPO P/E ratio is , as compared to Midwest IPO P/E ratio of 27.01.
| ArMee Infotech IPO | Midwest IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)Midwest Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 92.72 | 88.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 77.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3851.02 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 70.67% | 19.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 57.55% | 18.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.29 | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹211.24 | ₹39.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 52.67% | 22.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ArMee Infotech IPO Retail Individual Investors (RII) are offered while in Midwest IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in ArMee Infotech IPO and 8,45,070 shares in Midwest IPO.
| ArMee Infotech IPO | Midwest IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,67,605 shares | |
| Market Maker Reservation | 0 shares | |
| QIB | 8,45,070 shares | |
| NII | 6,33,803 shares | |
| RII | 14,78,873 shares | |
| Employee | 10,373 shares | |
| Others | ||
| Total | 42,35,724 shares |
ArMee Infotech IPO subscribed in total, whereas Midwest IPO subscribed 92.36x.
| ArMee Infotech IPO | Midwest IPO | |
|---|---|---|
| QIB (times) | 146.99x | |
| NII (times) | 176.57x | |
| Big NII (times) | 201.77x | |
| Small NII (times) | 126.16x | |
| RII (times) | 25.52x | |
| Employee (times) | 25.80x | |
| Other (times) | ||
| Total (times) | 92.36x |
