IPO Advisory
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Minerals
Sub Sector: exploration, development and operation of mines, stone processing and fabrication, sales, distribution and marketing of various types of natural stone
Midwest have a legacy of more than four decades in the dimensional natural stone (i.e., naturally occurring stones) industry with experience in exploration, development and operation of mines, stone processing and fabrication, sales, distribution and marketing of various types of natural stone. Midwest is engaged in the business of exploration, mining, processing, marketing, distribution and export of natural stones, with an emphasis on sustainability. Midwest are India's largest producer and exporter of Black Galaxy Granite (a variety of Granite which is sparkling with flakes of a golden hue), and held a share of approximately 23% of the Indian export market for Black Galaxy Granite in Fiscal 2024, exporting 48,249 cubic meters of Black Galaxy Granite during Fiscal 2024. Midwest is also one of the largest producers in Absolute Black Granite (a variety known for its remarkable surface finish), both of which have high demand. Their Absolute Black Granite production accounted for 10.8% of the overall black granite production in India during Fiscal 2024. Midwest place much emphasis on decarbonizing their operations to improve the sustainability of their business. Midwest's mining operations are mechanized and incorporate advanced engineering and process optimization, aided by vertical integration of key operational components such as customized Diamond Wires. Midwest beneficially leverage their experience and organizational capabilities to serve as an organized player in an otherwise unorganized sector with the objective of catering to the requirements of their customers, improving their processes, expanding their market reach and building their resource base.
KFin Technologies Limited
Midwest operates in Minerals and exploration, development and operation of mines, stone processing and fabrication, sales, distribution and marketing of various types of natural stone. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Midwest is Book Building Process and Object of issue is
Merchant Banker of Midwest IPO is Intensive Fiscal Services Private Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , Motilal Oswal Investment Advisors Limited
The DRHP (Draft Red Herring Prospectus) of Midwest IPO was filed on 30 Sep 2024.
No, Midwest IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Midwest are not available now. You can apply in Midwest IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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