Midwest Limited, headquartered in Telangana, is preparing to hit the primary markets with a highly anticipated IPO from October 15 to October 17, 2025, with the anchor book opening a day earlier on October 14. The company has pitched its price band at ₹1,014 to ₹1,065 per share (face value ₹5), placing its valuation in the upper echelons of the natural stone and quartz industry. The total issue size is a substantial ₹451 crore, comprising a fresh issue of ₹250 crore and OFS (offer for sale) of ₹201 crore by promoter shareholders. Retail investors can apply in lots of 14 shares, which translates to a minimum investment of approximately ₹14,910 at the upper band. Midwest plans to deploy the fresh funds toward expansion in its quartz processing arm (Phase II), procurement of electric dump trucks, installation of solar power at its mines, and partial debt repayment, with remaining funds allocated for general corporate needs. Over the past few years, Midwest has built a strong presence in granite extraction, quartz processing, and is venturing into adjacent areas such as heavy mineral sands and engineered stone supply chains.  Its financial track record shows consistent growth in revenue and profits, bolstered by its operational scale and strategic expansion.  The IPO GMP is gaining traction in grey markets, showing positive premiums that reflect strong investor confidence and expectations of favorable listing gains. Institutional and retail investors alike are watching this closely. The allotment is likely to be finalized around October 20, with refunds and share credits following shortly, and listing is expected on both NSE and BSE on October 24, 2025. This IPO thus offers a strategic play into the materials, mining, and engineered stone segments, backed by promising financials and favorable grey market sentiment.