IPO Synopsis

Midwest Ltd

Registered Office: 8-2-684/3/25 & 26 Road No.12,Banjara Hills, Hyderabad - 500034, Telangana, India. Phone : +91 40 2330 5194   Fax: Email : cs@midwest.in Website :www.midwest.in

Initial public offering of up to 42,34,742 equity shares of face value of Rs.5 each ("Equity Shares") of Midwest limited (the "Company" or the "Company" or the "Issuer") for cash at a price of Rs.1065 per equity share (Including a Premium of Rs.1060 Per Equity Share) (the "Offer Price") aggregating up to Rs.451.00 crores (the "Offer") comprising a fresh issue of up to 23,47,418 equity shares aggregating up to Rs.250.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 18,87,324 equity shares aggregating up to Rs.201.00 crores comprising an offer for sale of up to [*] equity shares aggregating up to Rs.181.00 crores by Kollareddy Rama Raghava Reddy ("Promoter Selling Shareholder") and an offer for sale of up to [*] equity shares aggregating up to Rs.20.00 crores by Guntaka Ravindra Reddy (the "Promoter Group Selling Shareholder"), and together with the promoter selling shareholder, Referred to as the "selling shareholders", and each individually, as a "selling shareholder" and such offer for sale of equity shares by the selling shareholders, the "offer for sale". This offer includes a reservation of up to [*] equity shares, aggregating up to Rs. 1.00 crores (Constituting up to 5% of the Post-Offer Paid-up Equity Share Capital), for subscription by eligible employees (as Defined Hereinafter) ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". the company in consultation with the brlms, may offer a discount of up to Rs.[*] to the offer price (Equivalent of Rs.[*] per Equity Share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). the offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. A discount of Rs. 101 per equity share is being offered to eligible employees bidding in the employee reservation portion. Issue Opens On Closes On 15-Oct-25 17-Oct-25 Money Payable On Application Allotment 1065.00 0.00 Minimum Application for shares in Nos : 14 Further Multiples of : 14 Cr Lead Managers to the Issue Project Cost (.Cr) 0.00 DAM Capital Advisors Ltd Project Financed through Current Offer (.Cr) 451.00   Post Issue Equity Share Capital (.Cr) 18.08 Issue Price () 1065.00

Projects

Funding capital exp by Midwest Neostone its wholly owned subsidiary towards the phase II quarts processing plant Capital exp for purchase of Electric Dump Truck to be used by the company and APGM its material subsidiary Capital exp for integration of solar energy at certain Mines of the company Pre-payment/re-payment of in part or full certain outstanding borrowings of the company and APGM General corporate purposes

Promoted By

Kollareddy Rama Raghava Reddy

Kollareddy Ramachandra

Kukreti Soumya

Listing At

BSE

NSE

Registrar to the Issue

No Data Available