Comparison between Globe Civil Projects IPO and Midwest IPO.
Globe Civil Projects 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 Globe Civil Projects IPO is up to ₹119.00 Cr whereas the issue size of the Midwest IPO is up to ₹451.10 Cr. The final issue price of Globe Civil Projects IPO is ₹71.00 per share and of Midwest IPO is ₹1,065.00 per share.
| Globe Civil Projects IPO | Midwest IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹67.00 per share | ₹1,014.00 per share |
| Issue Price (Upper) | ₹71.00 per share | ₹1,065.00 per share |
| Issue Price (Final) | ₹71.00 per share | ₹1,065.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹101.00 per share | |
| Market Lot Size | 211 shares | 14 shares |
| Fresh Issue Size | 1,67,60,560 shares | 23,48,401 shares |
| Fresh Issue Size (Amount) | up to ₹119.00 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 | 1,67,60,560 shares | 42,35,724 shares |
| Issue Size Total (Amount) | up to ₹119.00 Cr | up to ₹451.10 Cr |
Globe Civil Projects IPO opens on Jun 24, 2025, while Midwest IPO opens on Oct 15, 2025. The closing date of Globe Civil Projects IPO and Midwest IPO is Jun 26, 2025, and Oct 17, 2025, respectively.
| Globe Civil Projects IPO | Midwest IPO | |
|---|---|---|
| Anchor Bid Date | Jun 23, 2025 | Oct 14, 2025 |
| Issue Open | Jun 24, 2025 | Oct 15, 2025 |
| Issue Close | Jun 26, 2025 | Oct 17, 2025 |
| Basis Of Allotment (Tentative) | Jun 27, 2025 | Oct 20, 2025 |
| Initiation of Refunds (Tentative) | Jun 30, 2025 | Oct 23, 2025 |
| Credit of Share (Tentative) | Jun 30, 2025 | Oct 23, 2025 |
| Listing date (Tentative) | Jul 01, 2025 | Oct 24, 2025 |
| Anchor Lockin End date 1 | Jul 26, 2025 | Nov 18, 2025 |
| Anchor Lockin End date 2 | Sep 24, 2025 | Jan 17, 2026 |
Globe Civil Projects IPO P/E ratio is 19.83, as compared to Midwest IPO P/E ratio of 27.01.
| Globe Civil Projects 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) | 88.14 | 88.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 63.43 | 77.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.83 | 27.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹424.00 Cr. | ₹3851.02 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.95% | 19.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.07% | 18.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.60 | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.58 | ₹39.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.80% | 22.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Globe Civil Projects IPO Retail Individual Investors (RII) are offered 58,66,196 shares while in Midwest IPO retail investors are offered 58,66,196 shares. Qualified Institutional Buyers (QIB) are offered 33,52,112 shares in Globe Civil Projects IPO and 8,45,070 shares in Midwest IPO.
| Globe Civil Projects IPO | Midwest IPO | |
|---|---|---|
| Anchor Investor Reservation | 50,28,168 shares | 12,67,605 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 33,52,112 shares | 8,45,070 shares |
| NII | 25,14,084 shares | 6,33,803 shares |
| RII | 58,66,196 shares | 14,78,873 shares |
| Employee | 0 shares | 10,373 shares |
| Others | ||
| Total | 1,67,60,560 shares | 42,35,724 shares |
Globe Civil Projects IPO subscribed 80.97x in total, whereas Midwest IPO subscribed 92.36x.
| Globe Civil Projects IPO | Midwest IPO | |
|---|---|---|
| QIB (times) | 82.13x | 146.99x |
| NII (times) | 143.14x | 176.57x |
| Big NII (times) | 136.80x | 201.77x |
| Small NII (times) | 150.25x | 126.16x |
| RII (times) | 53.67x | 25.52x |
| Employee (times) | 25.80x | |
| Other (times) | ||
| Total (times) | 80.97x | 92.36x |
