Midwest IPO

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Company Details

Midwest Ltd is engaged in the business of exploration, mining, processing, marketing, distribution and export of natural stones, with an emphasis on sustainability.

The company is India’s largest producer and exporter of Black Galaxy Granite, a premium variety of Granite, and held a share of ~64% of the Indian export market for Black Galaxy Granite in FY 2025, exporting 44,992 cubic meters of Black Galaxy Granite during FY2025. The company is also the largest producer in Absolute Black Granite in India.

The company’s Absolute Black Granite production accounted for 15.7% of the overall black granite production in India during FY 2025. The company’s customers, comprising processors and distributors, are located across 17 countries and 5 continents, with China, Italy and Thailand being its primary export markets. The company currently has 16 operational Granite Mines across 6 locations in the states of Telangana and Andhra Pradesh in India, along with 1 Granite processing facility in each of the states of Telangana and Andhra Pradesh. The company is introducing certain exclusive varieties of natural stones such as Laza Grey Marble and Celestia Quartzite on a B2B2C model to compete with the Marble varieties currently being imported into India and cater to the growing market for Quartzite, respectively.

The company’s customers include MP STENEKO AB (Sweden); GI-MA STONE SRL (Italy), Quanzhou Xingguang Stone Co., Ltd. and the Xiamen Group (China), King Marble and Granite Co. Ltd. (Thailand), and Kodeyalam Stones, Anjanee Exports and Anjalee Granites Pvt. Ltd (India). The company is expanding its product portfolio through development of capabilities in Heavy Mineral Sand mining and processing. The company intends to explore, develop and extract minerals such as Rutile, Ilmenite, Zircon, Garnet, Sillimanite and Monazite.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Price: 120 - 128 | IPO Lot Size: 1000 | IPO Issue Size: NA
Open Date: 07 Nov 2025 | Close Date: 11 Nov 2025

Midwest IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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