Midwest Ltd
Pre Issue Shares
3,38,12,415
No. of Shares Issued
-
Pre Issue Equity Amt.
₹16.91 Cr
DP Filling Date
30 September 2024
Midwest Ltd IPO Timeline
Midwest Limited was incorporated on December 11, 1981 as Midwest Granite Private Limited', a Private Limited Company by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, the name of the Company was changed to Midwest Private Limited' and a fresh Certificate of Incorporation dated July 2, 2024 was issued by the Registrar of Companies. The status then converted into a Public Limited Company and the name was changed to Midwest Limited' and a fresh Certificate of Incorporation dated August 28, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Midwest Ltd IPO Details
| Midwest Ltd IPO Date | - |
| Midwest Ltd IPO Face Value | - |
| Midwest Ltd IPO Price | - |
| Midwest Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rama Raghava Reddy, Kollareddy Ramachandra, Kukreti Soumya |
Company Financials
Midwest Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 483.08 | 328.93 | 45.22 |
| 03-2022 | 461.78 | 339.99 | 50.92 |
| 03-2021 | 377.11 | 235.05 | 37.15 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 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
Midwest Ltd IPO Prospectus
Midwest Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | - |
| Face Value | ₹5 |
Company Contact Information
8-2-684/3/25 & 26 Road No.12Banjara Hills,Hyderabad-500034
Phone: +91 40 2330 5194
Email: cs@midwest.in
Website: www.midwest.in
Midwest Ltd IPO Registrar
Midwest Ltd IPO Lead Manager(s)
- DAM Capital Advisors Ltd
- Intensive Fiscal Services Pvt Ltd
- Motilal Oswal Investment Advisors Ltd