Comparison between Midwest IPO and Varindera Constructions IPO.
Midwest IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Varindera Constructions IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Midwest IPO is up to ₹451.10 Cr whereas the issue size of the Varindera Constructions IPO is up to ₹1,200.00 Cr. The final issue price of Midwest IPO is ₹1,065.00 per share and of Varindera Constructions IPO is .
| Midwest IPO | Varindera Constructions IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹1 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 | 23,48,401 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹250.10 Cr | up to ₹900.00 Cr |
| OFS Issue Size | 18,87,323 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹201.00 Cr | up to ₹300.00 Cr |
| Issue Size Total | 42,35,724 shares | 0 shares |
| Issue Size Total (Amount) | up to ₹451.10 Cr | up to ₹1,200.00 Cr |
Midwest IPO opens on Oct 15, 2025, while Varindera Constructions IPO opens on . The closing date of Midwest IPO and Varindera Constructions IPO is Oct 17, 2025, and , respectively.
| Midwest IPO | Varindera Constructions 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 |
Midwest IPO P/E ratio is 27.01, as compared to Varindera Constructions IPO P/E ratio of .
| Midwest IPO | Varindera Constructions IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 88.07 | 99.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 77.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3851.02 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.42% | 33.02% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.84% | 25.03% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | 0.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹39.42 | ₹9.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22.11% | 33.02% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Midwest IPO Retail Individual Investors (RII) are offered 14,78,873 shares while in Varindera Constructions 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 Varindera Constructions IPO.
| Midwest IPO | Varindera Constructions IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,67,605 shares | |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 8,45,070 shares | 0 shares |
| NII | 6,33,803 shares | 0 shares |
| RII | 14,78,873 shares | 0 shares |
| Employee | 10,373 shares | 0 shares |
| Others | ||
| Total | 42,35,724 shares | 0 shares |
Midwest IPO subscribed 92.36x in total, whereas Varindera Constructions IPO subscribed .
| Midwest IPO | Varindera Constructions 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 |
