Sensex
83,938.71 profit arw -465.75 (-0.55%)
Nifty
25,722.10 profit arw -155.75 (-0.60%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
IPO

IPO Details


Midwest Ltd
Registered Office: 8-2-684/3/25 & 26 Road No.12, Banjara Hills, Hyderabad - 500034, Telangana
Phone: +91 40 2330 5194
Email: cs@midwest.in
Website: www.midwest.in
Initial public offering of 4,235,724 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.1,065 per equity share (including a premium of Rs.1,060 per equity share) (the "Offer Price") aggregating to Rs.451.00 crores (the"Offer") comprising a fresh issue of 2,348,401 equity shares aggregating to Rs.250.00 crores by the company (the "Fresh Issue") and an offer for sale of 1,887,323 equity shares aggregating to Rs. 201.00 crores comprising an offer for sale of 1,699,530 equity shares aggregating to Rs.181.00 crores by Kollareddy Rama Raghava Reddy ("Promoter Selling Shareholder") and an offer for sale of 187,793 equity shares aggregating 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 10,373 equity shares, aggregating to Rs.1.00 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 Rs. 101 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 Rs.5 each and the offer price is 213.00 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
15-Oct-2025 17-Oct-2025 ₹ 1,065.00 ₹ 0.00
Minimum Application for shares in Nos : 14.0 Further Multiples of : 14.0
(₹)Cr. Lead Managers to the Issue
Project Cost 224.61 DAM Capital Advisors Ltd
Project Financed through Current Offer 451.00
Post Issue Equity Share Capital 18.08
Issue Price ₹1,065.00
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

INDIAN INDICES

Sensex

83,938.71 -465.75 (-0.55%)

Nifty

25,722.10 -155.75 (-0.60%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

25,906.65 -376.05(-1.43%)