Midwest Ltd Digs Into IPO Gold With ₹451 Crore Market Debut

Midwest Ltd, a Telangana-based natural stone producer, is set to make its public market debut with a ₹451 crore initial public offering (IPO). The company, known for its dominance in Black Galaxy Granite exports, has opened its book-built IPO from October 15 to October 17, 2025, with strong investor interest expected.

Key Highlights:

- Offer Composition  
  The IPO includes a fresh issue of ₹250 crore and an offer-for-sale of ₹201 crore by promoters Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy

- Price Band And Lot Size  
  The price band is fixed at ₹1,014–₹1,065 per equity share. Retail investors can bid for a minimum of 14 shares, requiring an investment of approximately ₹14,910

- Listing Schedule  
  The IPO opens on October 15 and closes on October 17. Allotment will be finalized by October 20, with listing expected on NSE and BSE by October 24

- Employee Incentive  
  Employees are eligible for a ₹101 discount per share, with ₹1 crore worth of shares reserved for them

- Use Of Funds  
  Proceeds will be used for capital expenditure on a Phase II Quartz processing plant, purchase of electric dump trucks, solar energy integration, debt repayment, and general corporate purposes

- Financial Snapshot  
  Midwest posted ₹643.14 crore in total income and ₹133.30 crore in net profit for FY25, showing strong year-on-year growth

- Market Dominance  
  The company holds a 64% share of India’s Black Galaxy Granite exports, operating 16 mines across Telangana and Andhra Pradesh

- Global Footprint  
  Midwest exports to 17 countries across five continents, with China, Italy, and Thailand as key markets

- Sustainability Focus  
  The company emphasizes mechanized mining, process optimization, and solar energy adoption in its operations

Sources: Moneycontrol, Moneymint Idea, Chittorgarh IPO Tracker