Midwest Ltd

Shares of Midwest Ltd. made a robust debut on the Indian stock exchanges on Thursday, climbing 9% above the issue price in early trade, underscoring investor enthusiasm for quality manufacturing and infrastructure-linked firms. The stock opened at Rs. 438 on the NSE, compared with its issue price of Rs. 402 per share, before extending gains amid heavy trading volumes.

Midwest Ltd, a prominent player in India's granite sector, is set to launch its Initial Public Offering (IPO) on October 15, 2025. The company has established a price band of ₹1,014 to ₹1,065 per share for its ₹451 crore IPO, which will remain open for subscription until October 17. The offer comprises a fresh issue of ₹250 crore and an offer-for-sale (OFS) of ₹201 crore by promoters Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy. The IPO aims to fund expansion initiatives, including the development of a new quartz processing plant and the acquisition of electric dump trucks.