India, Oct. 11 -- Midwest Ltd. has announced public offering of 4234740 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 1,060.00 per share. The gross proceeds of the issue are expected to be Rs 45,099.98 lakhs.
The company's initial public offer (IPO) will open on 15 October 2025 and is expected to close on 17 October 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,014.00-1,065.00 per share.
The IPO includes a fresh Issue of 4234740 Equity Shares of the Company at an price of Rs 1,065.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 14 shares with bids in multiples of 14.
Midwest Ltd. anticipates using the proceeds of the issue for Investment i...