Midwest IPO vs MOURI Tech IPO

Comparison between Midwest IPO and MOURI Tech IPO.

IPO Details

Midwest IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while MOURI Tech IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Midwest IPO is up to ₹451.10 Cr whereas the issue size of the MOURI Tech IPO is up to ₹1,500.00 Cr. The final issue price of Midwest IPO is ₹1,065.00 per share and of MOURI Tech IPO is .

 Midwest IPOMOURI Tech IPO
Face Value₹5 per share₹10 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 Size14 shares
Fresh Issue Size23,48,401 shares0 shares
Fresh Issue Size (Amount)up to ₹250.10 Crup to ₹250.00 Cr
OFS Issue Size18,87,323 shares0 shares
OFS Issue Size (Amount)up to ₹201.00 Crup to ₹1,250.00 Cr
Issue Size Total42,35,724 shares0 shares
Issue Size Total (Amount)up to ₹451.10 Crup to ₹1,500.00 Cr

IPO Timetable

Midwest IPO opens on Oct 15, 2025, while MOURI Tech IPO opens on . The closing date of Midwest IPO and MOURI Tech IPO is Oct 17, 2025, and , respectively.

Financials & KPIs

Midwest IPO P/E ratio is 27.01, as compared to MOURI Tech IPO P/E ratio of .

 Midwest IPOMOURI Tech IPO
Financials

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.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,082.811,058.70757.12656.00
Total Income146.47643.14603.33522.23
Profit After Tax24.38133.30100.3254.44
EBITDA38.97171.78151.4489.59
NET Worth577.03553.69421.93334.92
Reserves and Surplus625.60602.26484.86408.88
Total Borrowing270.11236.61120.48149.08
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,382.41736.03586.10496.46
Total Income1,341.251,153.611,120.60837.61
Profit After Tax135.36167.25159.95116.52
NET Worth671.80532.62374.66250.81
Reserves and Surplus619.49435.66-16.85-150.57
Total Borrowing345.1035.8022.9138.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)88.0788.62
Promoter Shareholding (Post-Issue)77.13
P/E Ratio27.01
Market Cap₹3851.02 Cr.
ROE19.42%30.51%
ROCE18.84%39.26%
Debt/Equity0.43-0.16
EPS₹39.42
RoNW22.11%31.39%

Shares Offered

In the Midwest IPO Retail Individual Investors (RII) are offered 14,78,873 shares while in MOURI Tech IPO retail investors are offered 14,78,873 shares. Qualified Institutional Buyers (QIB) are offered 8,45,070 shares in Midwest IPO and 0 shares in MOURI Tech IPO.

 Midwest IPOMOURI Tech IPO
Anchor Investor Reservation12,67,605 shares
Market Maker Reservation0 shares0 shares
QIB8,45,070 shares0 shares
NII6,33,803 shares0 shares
RII14,78,873 shares0 shares
Employee10,373 shares0 shares
Others
Total42,35,724 shares0 shares

Bids Received (Subscription)

Midwest IPO subscribed 92.36x in total, whereas MOURI Tech IPO subscribed .

 Midwest IPOMOURI Tech 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

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Midwest IPO Vs MOURI Tech IPO