Comparison between Midwest IPO and Scoda Tubes IPO.
Midwest IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Scoda Tubes 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 Scoda Tubes IPO is up to ₹220.00 Cr. The final issue price of Midwest IPO is ₹1,065.00 per share and of Scoda Tubes IPO is ₹140.00 per share.
| Midwest IPO | Scoda Tubes IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹1,014.00 per share | ₹130.00 per share |
| Issue Price (Upper) | ₹1,065.00 per share | ₹140.00 per share |
| Issue Price (Final) | ₹1,065.00 per share | ₹140.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ₹101.00 per share | |
| Market Lot Size | 14 shares | 100 shares |
| Fresh Issue Size | 23,48,401 shares | 1,57,14,200 shares |
| Fresh Issue Size (Amount) | up to ₹250.10 Cr | up to ₹220.00 Cr |
| OFS Issue Size | 18,87,323 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹201.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 42,35,724 shares | 1,57,14,200 shares |
| Issue Size Total (Amount) | up to ₹451.10 Cr | up to ₹220.00 Cr |
Midwest IPO opens on Oct 15, 2025, while Scoda Tubes IPO opens on May 28, 2025. The closing date of Midwest IPO and Scoda Tubes IPO is Oct 17, 2025, and May 30, 2025, respectively.
| Midwest IPO | Scoda Tubes IPO | |
|---|---|---|
| Anchor Bid Date | Oct 14, 2025 | May 27, 2025 |
| Issue Open | Oct 15, 2025 | May 28, 2025 |
| Issue Close | Oct 17, 2025 | May 30, 2025 |
| Basis Of Allotment (Tentative) | Oct 20, 2025 | Jun 02, 2025 |
| Initiation of Refunds (Tentative) | Oct 23, 2025 | Jun 03, 2025 |
| Credit of Share (Tentative) | Oct 23, 2025 | Jun 03, 2025 |
| Listing date (Tentative) | Oct 24, 2025 | Jun 04, 2025 |
| Anchor Lockin End date 1 | Nov 18, 2025 | Jul 01, 2025 |
| Anchor Lockin End date 2 | Jan 17, 2026 | Aug 30, 2025 |
Midwest IPO P/E ratio is 27.01, as compared to Scoda Tubes IPO P/E ratio of 33.81.
| Midwest IPO | Scoda Tubes 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)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.07 | 90.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 77.13 | 66.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27.01 | 33.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3851.02 Cr. | ₹838.73 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.42% | 28.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.84% | 15.92% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹39.42 | ₹4.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22.11% | 28.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Midwest IPO Retail Individual Investors (RII) are offered 14,78,873 shares while in Scoda Tubes IPO retail investors are offered 14,78,873 shares. Qualified Institutional Buyers (QIB) are offered 8,45,070 shares in Midwest IPO and 31,42,800 shares in Scoda Tubes IPO.
| Midwest IPO | Scoda Tubes IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,67,605 shares | 47,14,200 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 8,45,070 shares | 31,42,800 shares |
| NII | 6,33,803 shares | 23,57,200 shares |
| RII | 14,78,873 shares | 55,00,000 shares |
| Employee | 10,373 shares | 0 shares |
| Others | ||
| Total | 42,35,724 shares | 1,57,14,200 shares |
Midwest IPO subscribed 92.36x in total, whereas Scoda Tubes IPO subscribed 57.37x.
| Midwest IPO | Scoda Tubes IPO | |
|---|---|---|
| QIB (times) | 146.99x | 72.97x |
| NII (times) | 176.57x | 121.72x |
| Big NII (times) | 201.77x | 135.31x |
| Small NII (times) | 126.16x | 94.54x |
| RII (times) | 25.52x | 20.89x |
| Employee (times) | 25.80x | |
| Other (times) | ||
| Total (times) | 92.36x | 57.37x |
