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IPO SYNOPSIS
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Midwest Ltd
Registered Office:
8-2-684/3/25 & 26 Road No.12,Banjara Hills,
Hyderabad - 500034,
Telangana, India.
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-25
17-Oct-25
1065.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 14     Further Multiples of : 14
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
224.61
DAM Capital Advisors Ltd
Project Financed
451.00
 
Post Issue
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!!!
Scores
Scores 2.O
Online Dispute Redressal (ODR)
Investor Charter
Invester Complaint
Advisory for Investors
Liquidity Enhancement Scheme
KYC documents in vernacular languages
KYC documents in vernacular languages of commodities
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Stock Broker Name Registration Number Registered Address Branch Address Contact Number Email id
DB (International) Stock Brokers Limited INZ000179035 (BROKING)

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Disclosure regarding proprietary trading:

As required under Circular No. SEBI/MRD/SE/Cir-42/2003 dated 19.11.2003 issued by the Securities and Exchange Board of India; We hereby disclose that in addition to client based business, We are also doing proprietary trading.

Investor Grievances Email ID: investorgrievance@dbonline.in


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