Trilegal and S&R Associates advised on the initial public offering (IPO) by Midwest Limited. The transaction is among the few recent IPOs in India’s natural resources and mining sector
Midwest is engaged in the exploration, mining, processing, and export of natural stones with a focus on sustainable mining. It is India’s largest producer and exporter of Black Galaxy Granite, accounting for about 64% of the country’s exports in Fiscal 2025 (Source: CRISIL Report). It is also one of the largest producers of Absolute Black Granite in India, both premium varieties with strong international demand.
Trilegal advised the book-running lead managers, DAM Capital, Intensive Fiscal Services, and Motilal Oswal Investment Advisors, on the IPO of Midwest Limited.
The Capital Markets Team advising on the mandate was led by Partners Bhakta Patnaik and Albin George Thomas, and supported by Senior Associate Jahanvi J, and Associates Janhavi Shah, Tushar Chitlangia, Anand Kumar, and Shraddha.
S&R Associates acted as legal advisor to Midwest Limited on its initial public offering (IPO).
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