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
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| 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. |
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 15-Oct-25 |
17-Oct-25 |
1065.00-0.00 |
0.00-0.00 |
|
|
Minimum Application for shares in Nos :
14
Further Multiples of :
14
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|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
0.00 |
DAM Capital Advisors Ltd
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| Project Financed through Current Offer |
451.00 |
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| Post Issue Equity Share Capital |
18.08 |
|
| Issue Price |
1065.00 |
|
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