Midwest IPO vs Rahee Infratech IPO

Comparison between Midwest IPO and Rahee Infratech IPO.

IPO Details

Midwest IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Rahee Infratech 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 Rahee Infratech IPO is up to ₹0.00 Cr. The final issue price of Midwest IPO is ₹1,065.00 per share and of Rahee Infratech IPO is .

 Midwest IPORahee Infratech IPO
Face Value₹5 per share₹2 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 ₹420.00 Cr
OFS Issue Size18,87,323 shares27,80,857 shares
OFS Issue Size (Amount)up to ₹201.00 Crup to ₹0.00 Cr
Issue Size Total42,35,724 shares0 shares
Issue Size Total (Amount)up to ₹451.10 Crup to ₹0.00 Cr

IPO Timetable

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

Financials & KPIs

Midwest IPO P/E ratio is 27.01, as compared to Rahee Infratech IPO P/E ratio of .

 Midwest IPORahee Infratech 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 Mar 202431 Mar 202331 Mar 2022
Assets862.25671.34561.60
Total Income975.18789.12561.16
Profit After Tax61.0050.5343.90
NET Worth313.35242.39193.80
Total Borrowing214.10157.70138.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)88.0799.83
Promoter Shareholding (Post-Issue)77.13
P/E Ratio27.01
Market Cap₹3851.02 Cr.
ROE19.42%
ROCE18.84%19.96%
Debt/Equity0.430.54
EPS₹39.42
RoNW22.11%22.76%

Shares Offered

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

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

Bids Received (Subscription)

Midwest IPO subscribed 92.36x in total, whereas Rahee Infratech IPO subscribed .

 Midwest IPORahee Infratech 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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