Upcoming IPO, Feb. 12 -- Hyderabad-based Midwest Ltd has received the final observations from the Securities and Exchange Board of India (SEBI) regarding its plans to raise funds through an initial public offering (IPO). The company submitted its IPO documentation to SEBI on September 30, 2024.

Midwest Ltd operates in the domains of exploration, mining, processing, marketing, distribution, and export of natural stones. Recent additions to its product line, such as Quartzite and Laza Grey Marble, are being marketed through a B2B2C approach.

It stands as India's largest producer and exporter of Black Galaxy Granite, a high-end granite variety, and accounted for roughly 23% of the Indian export market for Black Galaxy Granite in Fiscal 202...