Trilegal advised on the IPO by Midwest Limited – India’s largest producer and exporter of Black Galaxy Granite
The leading law firm in India, Trilegal, advised the book-running lead managers, DAM Capital, Intensive Fiscal Services, and Motilal Oswal Investment Advisors, on the initial public offering of Midwest Limited. The transaction is among the few recent IPOs in India’s natural resources and mining sector.
Midwest Limited 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). The company is also one of the largest producers of Absolute Black Granite in India, both premium varieties enjoying strong international demand.
The Trilegal Capital Markets Team advising on the mandate was led by Partners Bhakta Patnaik and Albin Thomas, and supported by Senior Associate Jahanvi Jain, and Associates Janhavi Shah, Tushar Chitlangia, Anand Kumar, and Shraddha S.
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