Kolkata: Midwest IPO was a successful one and attracted 92.36 times overall subscription — 25.52 times in the retail category, 146.99 times in QIB (Ex Anchor) category and 176.57 times in the NII category. The IPO bidding process was open from October 15 to October 17.

Midwest is engaged in the exploration, mining, processing, marketing, distribution and export of natural stones. Black Galaxy Granite, a unique granite variety known for its sparkling golden flakes, is one of its prime items. It has 16 granite mines across six locations in Telangana and Andhra Pradesh which produce Black Galaxy, Absolute Black and Tan Brown granites. Apart from different states in the country, Midwest has a strong global presence and China, Italy and Thailand are its prime export markets.

Midwest IPO GMP

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