Midwest Share Price, Company Overview & Listing Details
Midwest Ltd., India's largest producer and exporter of Black Galaxy granite, made a strong debut on the stock market on October 24, 2025. The Midwest share price listed at a premium of approximately 9% over its issue price. As of the latest trading session, the stock was trading around Rs 1,138 per share.?
About Midwest Ltd.
Founded in 1981, Midwest Ltd. is a major player in the natural stone industry, specializing in the exploration, mining, processing, and export of dimensional granites. The company has expanded its portfolio to include high-value materials and advanced processing.?
Key Business Highlights
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Market Leader in Granite: Midwest is the largest producer and exporter of Black Galaxy Granite, a premium variety unique to Andhra Pradesh. It commands approximately 64% of the total export volume for this stone. The company operates 16 captive mines and serves customers in over 17 countries.?
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Diversification into Quartz: Through its subsidiary, Midwest Neostone, the company has ventured into manufacturing quartz slabs, which are used in engineered stone and solar glass applications. This segment is a key growth driver.?
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Emerging Businesses: The company is also exploring opportunities in heavy mineral sands and advanced material processing to meet evolving global market demands.?
Midwest IPO & Listing Performance (October 2025)
The IPO of Midwest Ltd., which was open for subscription from October 15 to October 17, 2025, received a healthy response from investors.?
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Listing Performance: The stock debuted with a premium of 9% over the issue price, reflecting strong investor confidence in the company's fundamentals and export-driven business model.?
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Current Market Capitalization: The company's market capitalization stands at approximately Rs 4,114 crore.?
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IPO Price Band: Rs 1,014 – Rs 1,065 per share.?
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Issue Size: Rs 451 crore, which included a fresh issue of Rs 250 crore and an Offer for Sale (OFS) of Rs 201 crore.?
Use of IPO Proceeds
The net proceeds from the fresh issue component of the IPO are allocated for strategic expansion and operational upgrades:?
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Quartz Facility Expansion: Rs 130.3 crore for the Phase II expansion of the quartz manufacturing facility.
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Debt Repayment: Rs 56.2 crore towards repayment of borrowings.
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Modernisation: Purchase of electric dump trucks and integration of solar energy at mining sites.
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General Corporate Purposes: The remainder for other corporate needs.
Financial Highlights
Midwest has demonstrated stable financial growth. Between the financial years ending March 2024 and March 2025, the company's revenue increased by 7%, while its profit after tax (PAT) grew by 33%.?
What You Can Find on This Company Page
This page is your complete resource for all information related to Midwest Ltd. Here’s what you can access:
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Live Midwest Share Price: Track real-time price movements and analyse historical performance with charts.
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IPO and Listing Details: Get all the information about the IPO, including the price band, subscription details, and listing day performance.
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In-Depth Financial Analysis: Access detailed financial statements and key ratios, such as the Price-to-Earnings (P/E) ratio of approximately 39.5.?
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Shareholding Pattern: Get a clear picture of the company's ownership structure.
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Latest News and Corporate Actions: Stay informed about the latest company announcements and other market-moving news.
Frequently Asked Questions (FAQs) about Midwest Share Price
Q1: What was the listing performance of Midwest Ltd.?
Midwest shares listed at a premium of approximately 9% on October 24, 2025.?
Q2: What is the current share price of Midwest?
As of October 24, 2025, the share price is trading around Rs 1,138.?
Q3: What does Midwest Ltd. do?
The company is primarily engaged in the mining, processing, and export of natural stones, particularly Black Galaxy granite, and has diversified into quartz manufacturing.?
Q4: What was the issue size of the Midwest IPO?
The total issue size was Rs 451 crore, comprising a fresh issue and an Offer for Sale.?