Midwest has earmarked Rs 130 crore from the proceeds of the fresh issue to fund its subsidiary's capital expenditure. (Photo source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Midwest Ltd. launched its Rs 451-crore initial public offering on Wednesday. The IPO consists of a mix of fresh issues of shares worth Rs 250 crore and an offer-for-sale worth Rs 201 crore. The bidding will conclude on Oct 17.

Promoters Kollareddy Rama Raghava Reddy and Guntaka Ravindra Reddy will offload shares worth Rs 181 crore and Rs 20 crore, respectively.

The minimum investment required for a retail investor is Rs 14,910.

Midwest has earmarked Rs 130 crore from the proceeds of the fresh issue to fund its subsidiary's capital expenditure, as well as about Rs 26 crore for capital

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