Granite producer Midwest files papers for Rs 650-cr IPO

Midwest is seeking to raise Rs 650 crore through an IPO, with a mix of fresh shares and an offer-for-sale by promoters. Rs 250 crore will come from fresh shares, and Rs 400 crore from promoters. Proceeds will be used for capital expenditure, buying electric trucks, integrating solar energy, debt repayment, and general corporate purposes.