Midwest Ltd

Midwest Ltd

Initial public offering of up to [*] 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.[*] per equity share (including a premium of Rs.[*] per equity share) (the "offer price") aggregating up to Rs.650.00 crores (the "offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs.250.00 crores by the company (the "fresh issue") and an offer for sale of up to [*] equity shares aggregating up to Rs.400.00 crores comprising an offer for sale of up to [*] equity shares aggregating up to Rs.360.00 crores by Mr. Kollareddy Rama Raghava reddy ("promoter selling shareholder") and an offer for sale of up to [*] equity shares aggregating up to Rs.40.00 crores by Mr. 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.[*] 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. The company may, in consultation with the brlms, consider a further issue of specified securities for cash consideration aggregating up to Rs.50.00 crores, prior to filing of the red herring prospectus with the registrar of companies, telangana at hyderabad ("roc", and such further issue, the "pre-ipo placement"). The price of the specified securities allotted pursuant to the pre-ipo placement shall be determined by the company, in consultation with the book running lead managers ("brlms"). Prior to the completion of the offer and if the pre-ipo placement is undertaken, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (the "scrr"). the pre-ipo placement shall not exceed 20% of the size of the fresh issue. The face value of the equity shares is Rs.5 each and the offer price is [*] times the face value of the equity shares. The price band (including employee discount, if any) and the minimum bid lot will be decided by the company in consultation with the brlms.