365telugu.com online news,Mumbai, October 25th, 2025: Shares of Midwest Ltd, a leading player in the sustainable exploration, mining, processing, marketing, distribution, and export of natural stones, made a solid entry on the stock market today, closing with a notable premium over the issue price.
The company’s stock opened at ₹1,165.10 on the BSE and ₹1,165 on the NSE, reflecting an immediate positive response from investors. It sustained the upward momentum throughout the trading session, ending the day at ₹1,141 on the BSE (a 7.1% premium to the upper price band of ₹1,065) and ₹1,144.10 on the NSE (a 7.4% premium).
Trading volumes were robust, with 47.28 lakh shares exchanged on the NSE and 5.68 lakh on the BSE, contributing to a combined turnover of ₹613 crore across both exchanges.
At the close, Midwest Ltd’s market capitalization stood at ₹4,126.30 crore on the BSE and ₹4,137.20 crore on the NSE.
The ₹451 crore initial public offering (IPO), priced at ₹1,014–₹1,065 per share, ran from October 15 to 17 and attracted overwhelming demand, achieving an overall subscription rate of 87.89 times.
The qualified institutional buyers (QIB) portion was oversubscribed 139.87 times, while the non-institutional investors (NII) category saw 168.07 times subscription. Retail individual investors (RII) subscribed 24.26 times to their reserved portion.
Midwest Ltd stands as India’s premier producer and exporter of Black Galaxy Granite—a premium variety distinguished by its sparkling golden flakes—commanding about 64% of the country’s export market for this stone in fiscal 2025, with exports totaling 44,992 cubic meters (Source: CRISIL Report).
The company also leads in Absolute Black Granite production, known for its superior surface finish, representing 15.7% of India’s total black granite output in the same fiscal year (Source: CRISIL Report).
In addition to its core natural stones operations, Midwest Ltd manufactures diamond wire tools, essential for precision cutting in mining, stone processing, and construction applications.
The IPO was managed by book-running lead managers DAM Capital Advisors, Intensive Fiscal Services, and Motilal Investment Advisors, with KFin Technologies serving as the registrar.