Midwest Ltd

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 (theOffer) 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.