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Midwest Ltd
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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 4,235,724 equity shares of face value of Rs5 each ("Equity Shares") of Midwest Limited (the "Company" or the "Company" or the "Issuer")for cash at a price of Rs1,065 per equity share (including a premium of Rs1,060 per equity share) (the "Offer Price") aggregating to Rs451.00 crores (the"Offer") comprising a fresh issue of 2,348,401 equity shares aggregating to Rs250.00 crores by the company (the "Fresh Issue") and an offer for sale of 1,887,323 equity shares aggregating to Rs201.00 crores comprising an offer for sale of 1,699,530 equity shares aggregating to Rs181.00 crores by Kollareddy Rama Raghava Reddy ("Promoter Selling Shareholder") and an offer for sale of 187,793 equity shares aggregating to Rs20.00 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 10,373 equity shares, aggregating to Rs1.00 crore (constituting 0.03% 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, offered a discount of 9.48% to the offer price (equivalent of Rs101 per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer constitutes 11.71% and 11.68%, respectively, of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs5 each and the offer price is 213.00 times the face value of the equity shares.
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Opens On
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Closes On
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Application
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Allotment
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15-Oct-25
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17-Oct-25
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Rs 1065.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :14 Further
Multiples of :14
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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224.61
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Project Financed through Current Offer
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451.00
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Post Issue Equity Share Capital
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18.08
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Issue Price
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Rs 1065.00
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