As per SEBI circular no SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 28 2019 all are requested to comply with the provisions of the aforementioned circular which states as below: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer/ Registrar to Issue. However in case of Electronic forms printouts of such applications need not be retained or sent to the issuer. Intermediaries shall at all times maintain the electronic records relating to such forms for a minimum period of three years.

SymbolMIDWESTLTD
Issue Period15-Oct-2025 to 17-Oct-2025
Cut-off time for UPI Mandate Confirmation"17-Oct-2025 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate."
Issue Size"Initial Public Offer of Fresh Issue of up to Rs. 2,500 Million and Offer for sale of up to Rs. 2010 Million"
Issue Type100% Book Building
Price RangeRs. 1014 to Rs. 1065 per Equity Share
DiscountRs. 101 per equity share to Eligible Employees
Face ValueRs.5 per Equity Share
Tick SizeRe.1
Bid Lot14 Equity shares and in multiples thereof
Minimum Order Quantity
14 Equity Shares
Maximum Subscription Amount for Retail Investor"Rs. 2,00,000"
Maximum Subscription Amount for Eligible EmployeeRs. 5,00,000
IPO Market Timings10.00 a.m. to 5.00 p.m.
Book Running Lead Managers"DAM Capital Advisors Limited, Intensive Fiscal Services Private Limited and Motilal Oswal Investment Advisors Limited"
Sponsor BankKotak Mahindra Bank Limited and HDFC Bank Limited
Categories"FI, IC, MF, FII, OTH, CO, IND, NOH, and EMP"
Sub-Categories applicable for UPIIND and EMP (upto 5 Lakhs)
Name of the RegistrarKFin Technologies Limited
Address of the Registrar"Selenium Tower-B Plot No. 31 & 32, Financial District Nanakramguda, Serilingampally Hyderabad 500 032 Telangana, India"
Contact person name number and Email id
M. Murali Krishna, Tel: +91 40 6716 2222, E-mail: midwest.ipo@kfintech.com
e-form linke-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA formSCSB List
Ratios / Basis of Issue Pricedownload Ratios / Basis of Issue Price attachment download
Red Herring Prospectusdownload Red Herring Prospectus attachment download
Bidding Centersdownload Bidding Centers attachment download
Sample Application Formsdownload Sample Application Forms attachment download
Security Parameters (Pre Anchor)download Security Parameters (Pre Anchor) attachment download
Processing of ASBA ApplicationsNSE Circular on ASBA Application Processing
Remark"The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or Pan ID, Bank code and Location code) on T+1 day (T being last day of bidding) shall not be available now. The bid modification of selected fields shall be allowed during bidding period of IPO only."
List of mobile applications accepting UPI as Payment OptionMobile APP for UPI
Video link for UPI based ASBA process
UPI Based ASBA Process
Video link for BHIM UPI RegistrationBHIM UPI Registration