
Materials · NSE / BSE
Midwest Limited, incorporated in 1981, is involved in the exploration, mining, processing, marketing, distribution, and export of natural stones. The company is best known for producing and exporting Black Galaxy Granite, a distinctive variety featuring sparkling golden flakes. It operates 16 granite mines across Telangana and Andhra Pradesh, offering varieties like Black Galaxy, Absolute Black, and Tan Brown, along with processing facilities in both states for large-scale production. Midwest has also developed a strong resource base with 25 potential mining sites across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu. The company exports to 17 countries across five continents, with key markets in China, Italy, and Thailand, and major clients such as MP STENEKO AB (Sweden), GI-MA STONE SRL (Italy), and The Xiamen Group (China). As of June 30, 2025, it employed 1,326 people, including 475 permanent employees, 822 contract workers, and 29 consultants.
Price Band
₹1014 – ₹1065
Issue Size
₹451 Cr
Lot Size
14 shares
GMP
+4.7%
Est. Listing
₹1115
at current GMP
Subscribed
92.34x
overall
Open
15 Oct 2025
Close
17 Oct 2025
Allotment
20 Oct 2025
Refund
21 Oct 2025
Demat Credit
22 Oct 2025
Listing
24 Oct 2025