Midwest Limited is launching a ₹451.00 crore mainboard IPO comprising a fresh issue of 23,47,417 shares aggregating ₹250.00 crore and an offer for sale of 18,87,323 shares aggregating ₹201.00 crore, opening on October 15, 2025 and closing on October 17, 2025, with allotment expected on October 20 and listing proposed on BSE and NSE on October 24, 2025. The price band is ₹1,014 to ₹1,065 per share; the minimum retail application is 1 lot of 14 shares for ₹14,910 at the cap price, and eligible employees receive a ₹101 per‑share discount.

Cut‑off bidding allowed for RII and employees per SEBI framework; not permitted for NII categories.

Amounts computed at cap price ₹1,065 per share for standard lot multiples.

Midwest Limited, incorporated in 1981, is engaged in exploration, mining, processing, marketing, distribution, and export of natural stones, and is a leading producer and exporter of Black Galaxy Granite known for its distinctive golden flakes.

The company operates 16 granite mines across six locations in Telangana and Andhra Pradesh, producing Black Galaxy, Absolute Black, Tan Brown and other varieties, supported by one granite processing facility each in Telangana and Andhra Pradesh and a strong resource base of 25 identified locations across Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.

Midwest exports to 17 countries across five continents, with primary markets including China, Italy and Thailand; key customers include MP STENEKO AB (Sweden), GI‑MA STONE SRL (Italy), Quanzhou Xingguang Stone Co., Ltd. (China), The Xiamen Group (China), and King Marble and Granite Co. Ltd. (Thailand).

As of June 30, 2025, the company employed 1,326 personnel comprising 475 permanent employees, 822 contract workers and 29 consultants.

Post‑issue shareholding reflects dilution from the fresh issue; OFS transfers ownership from selling shareholders.