SRIT India Limited IPO Opens on September 28, 2026

SRIT India Limited IPO Opens on September 28, 2026 

Left To Right

 Mr. Anuj Killa

Choice Capital Advisors Pvt Ltd

Dr. Nambiar Raghavan Madhusoodan

SRIT India Limited

SRIT India Limited IPO Opens on September 28, 2026 

Total Issue Size – Up to 16,800,000 Equity Shares of ₹5 each

IPO Size - ₹218.4 Crore (At Upper Price Band)

Price Band - ₹123 - ₹130 Per Equity Share

Lot Size – 115 Equity Shares 

Mumbai, September 24, 2026 – SRIT India Limited, a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company, proposes to open its Initial Public Offering on Monday, September 28, 2026 aiming to raise ₹218.4 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.  

The issue size is 16,800,000 equity shares at a face value of ₹5 each with a price band of 

₹123 - ₹130 Per Equity Share. 

Equity Share Allocation

Net QIB – Not more than 50% of the Issue

NII – Not less than 15% Of the Issue

Individual Investors – Not less than 35% of the Issue

The net proceeds from the IPO will be utilized for Funding of capital expenditure requirements towards modernization of existing products and redevelopment, Funding working capital requirements, Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes. The anchor bidding is on Friday, September 25, 2026 and the issue will open on Monday, September 28, 2026 and will close on Wednesday, September 30, 2026.

The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited, The Registrar to the Issue is KFin Technologies Limited.

Dr. Nambiar Raghavan Madhusoodan, Managing Director & Chief Executive Officer of SRIT India Limited expressed, “The IPO marks an important milestone in SRIT’s journey of more than two and a half decades. We have built our capabilities around designing, implementing and operating mission-critical digital platforms across e-governance, telecommunications and broadband, and healthcare. The proposed deployment of the Net Proceeds towards product modernization, working capital and strategic growth initiatives is intended to support the next phase of our business as we continue strengthening our technology capabilities and expanding our solution portfolio.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “SRIT India Limited has developed a track record of executing large-scale digital transformation projects for Government entities and Enterprises. As of June 30, 2026, the Company had an outstanding Order Book of ₹12,047.17 million. In Fiscal 2026, revenue from operations stood at ₹4,499.99 million, with Operating EBITDA of ₹647.74 million and PAT of ₹432.89 million. The fresh issue is proposed to support product modernization, working capital requirements and strategic growth initiatives.”

About SRIT India Limited:

SRIT India Limited is a Bengaluru-headquartered IT/ITeS solutions company offering digital solutions and automation of systems through custom application development and integration services. The Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets. It is strengthening its AI capabilities through AI-enabled solutions across its core verticals and has implemented large-scale, mission-critical projects.

Operations are organised across three verticals electronic governance, telecommunications and broadband, and healthcare delivered through a full-service stack spanning architecture and design, build and integration, data migration, deployment and continuous operations and maintenance. Delivery processes are appraised at CMMI V3.0 (DEV) Maturity Level 5 (Optimizing) and Systems Security Engineering Capability Maturity Model, and carry nine ISO certifications spanning information security, IT service management, quality, environmental and occupational health and safety. 

During FY26, The Company achieved a Revenue of ₹ 4,499.99 million, EBITDA Margin of 14.39% & PAT Margin of 9.62%. 

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Shah Investors Home Limited Strengthens Digital-First Financial Services Platform, Eyes Growth Through MTF and Diversified Offerings

Shah Investors Home Limited Strengthens Digital-First Financial Services Platform, Eyes Growth Through MTF and Diversified Offerin

Mumbai, September 2026: Shah Investors Home Limited (SIHL), a retail broking company incorporated in 1994, is strengthening its integrated financial services platform with a focus on digital transformation, margin trading facilities (MTF), distribution of financial products and deeper customer engagement.
With over three decades of experience in the financial services industry, SIHL provides equity and derivatives brokerage, IPO investing, mutual fund distribution, depository services, margin trading facilities and stock lending and borrowing services. The company caters primarily to retail customers, including resident and non-resident Indians.
As of March 2026, the company has served more than 100,000 demat accounts, with over 38,189 active clients and a network of more than 180 authorised persons. SIHL operates through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot.
Digital transformation remains a key growth focus
SIHL has invested in its proprietary digital platforms, including SIHL Moneymaker and SIHL Fundspro, aimed at enhancing customer acquisition, operational efficiency and digital engagement.
The company reported more than 12,452 active trading clients on SIHL Moneymaker. Its active-client base has also demonstrated strong customer retention, with more than 72% of active clients having a relationship with the company for over five years.
Expanding beyond traditional broking
SIHL has developed an integrated financial services model covering brokerage, depository services, MTF and distribution of financial products.
The company is registered with AMFI for mutual fund distribution and APMI for distribution of third-party Portfolio Management Services. It also intends to expand its cross-selling and distribution of products including equity mutual funds, third-party PMS schemes and AIF products. The company has obtained SEBI registration for its own Category III AIF, SIHL Dynamic Growth Fund. 
The company’s Mutual Fund Assets Under Distribution increased from ₹37.53 crore in FY24 to ₹54.38 crore in FY26, while its average daily turnover stood at ₹179.75 crore in FY26.
Shah Investor’s Home Limited’s Proposed Initial Public Offering
 Price Band: ₹159 – ₹167 per Equity Share bearing face value of ₹10 each (“Equity Shares”).
 Bid/Issue Opening Date: Monday, September 28, 2026.
 Bid/Issue Closing Date: Wednesday, September 30, 2026.
 Anchor Investor Bidding Date: Friday, September 25, 2026.
 Minimum Bid Lot: 85 Equity Shares and in multiples of 85 Equity Shares thereafter.
 The Floor Price is 15.90 times the face value of the Equity Shares and the Cap Price is 16.70 times the face value of the Equity Shares.
 Issue Size: 53,99,200 Equity Shares, comprising entirely of a Fresh Issue.
MTF emerges as an important growth avenue
The company has identified its Margin Trading Facility book as a significant growth area. 

The company expects growth in its MTF book to support higher trading turnover and contribute to interest and brokerage income.

Financial Performance 

For FY26, SIHL reported revenue from operations of ₹7,147.67 lakh, compared with ₹9,427.39 lakh in FY25. EBITDA stood at ₹2,161.60 lakh, while profit for the year attributable to owners was ₹1,320.22 lakh. The company reported an EBITDA margin of 30.2% and a PAT margin of 18.24% in FY26.
The company’s FY26 revenue mix included ₹4,630.20 lakh from brokerage income, ₹119.27 lakh from depository services, ₹222.58 lakh from interest income from MTF and ₹2,175.62 lakh from other revenue from operations which forms part of revenue from operations and primarily includes interest income, dividend income, rental income.

The company maintained a relatively low debt-to-equity ratio of 0.10 in FY26, compared with 0.03 in FY25 and 0.02 in FY24.

Regional presence and established customer base
SIHL has a strong geographic presence in Gujarat and Maharashtra, with 93.74% of its broking income in FY26 derived from Gujarat, according to the company RHP.
The company also highlights its long-standing brand presence, customer relationships and promoter and key management experience as important elements of its business platform.
IPO proceeds to support working capital
As outlined in the RHP, the company has proposed utilisation of ₹6,000 lakh towards working capital, with an additional allocation towards general corporate purposes.

With its established retail franchise, digital platforms and expanding portfolio of financial services, Shah Investors Home Limited is positioning itself to further develop its technology-led broking and financial distribution ecosystem while expanding its MTF and cross-selling businesses.

About Shah Investors Home Limited
Shah Investors Home Limited, incorporated in 1994, is a retail broking and financial services company offering equity and derivatives brokerage, depository services, MTF, IPO investing, mutual fund distribution and other securities-related services. The company operates through proprietary digital platforms including SIHL Moneymaker and SIHL Fundspro and has a presence across key markets in Gujarat and Maharashtra.

Source: Company RHP Shah Investors Home Limited; financial information for FY24–FY26 as provided in the document.

*सिग्निफाय तर्फे लालबागच्या राजाच्या चरणी इकोलिंग उर्जा बचत करणारी उपकरणे*

 *सिग्निफाय तर्फे लालबागच्या राजाच्या चरणी इकोलिंग उर्जा बचत करणारी उपकरणे*

• दहा दिवस चालणार्‍या महोत्सवात मांडव आणि रांगेच्या भागात अंदाजे ५०० इकोलिंक बीएलडीसी फॅन्सची जोडणी

• मोठ्या प्रमाणावर उर्जा बचत करणारा थंडावा देऊन अंदाजे ४२०० युनिट्स विजेचा वापर

मुंबई, १४ सप्टेंबर २०२६- सिग्निफाय (युरोनेक्स्ट: लाईट) या लायटिंग क्षेत्रातील जगभरांतील आघाडीच्या कंपनी तर्फे त्यांचे उर्जा वाचवणार्‍या पंख्यांचे तंत्रज्ञान येत्या गणेश चतुर्थीला लालबागच्या राजाच्या चरणी आणले आहे. मुंबईतील गणेश भक्त हे बाप्पाचा आशीर्वाद घेण्यासाठी प्रवास करत असतांनाच, इकोलिंक च्या हा एअरफ्लो फॅन्स ची जोडणी ही मांडवासह दर्शन रांगेत बसवल्याने आता त्यांचा दर्शनाचा प्रवास हा गारेगार आणि अधिक आरामदायक होणार आहे.

अनेक भक्त हे दर्शनाचा अनुभव घेण्यासाठी दूरवरुन येत असतात आणि रांगेत उभे राहून त्यांना गर्दीत वेळ घालवावा लागतो. इकोलिंक फॅन्स मुळे हा अनुभव अधिक चांगला होऊन दर्शनरांगेत उभे राहून गारव्याचा अनुभव घेऊ शकतील.  

या जोडण्यांमध्ये चार इकोलिंक फॅन्सची मॉडेल्स असून यामध्ये एअरोज्वेल, एअरोट्रियो, एअरोक्रिस्टल आणि एअरोक्वॉड ३ बी आहेत. हे फॅन्स ब्रशलेस डायरेक्ट करंट (बीएलडीसी) तंत्रज्ञानाने युक्त आहेत. बीएलडीसी फॅन्स हे परंपरागत इंडक्शन मोटर्स फॅन्सच्या तुलनेत जे साधारणपणे ७५-८० वॉट्स उर्जेचा वापर करतात त्यांच्या तुलनेत ५० टक्क्यांपर्यंत बचत होते. दहा दिवस चालणार्‍या या महोत्सवात हे फॅन्स २४ तास सुरु राहतील आणि अंदाजे ४२०० युनिट्स वीजेचा वापर करतील. या बचत करणार्‍या पंख्यांच्या तंत्रज्ञाना चा उपयोग मोठ्या प्रमाणावर जनतेसाठी केल्या मुळे सणासूदीच्या दिवसात भक्तांसाठी आराम सुध्दा प्राप्त झाला आहे.

यावेळी बोलतांना सिग्निफाय ग्रेटर इंडियाच्या हेड स्ट्रॅटेजी ॲन्ड मार्केटिंग चे प्रमुख निखिल गुप्ता यांनी सांगितले “ गणेश चतुर्थी ला अनेक लोक एकत्र येतात आणि सिग्निफाय मध्ये आंम्हाला आमचे नाविन्य हे खर्‍या जीवनात आणून त्यांचा अनुभव देण्याची मोठी संधी प्राप्त झाली आहे. इकोलिंक बीएलडीसी फॅन्स मुळे आम्ही उर्जा बचत करणारा थंडावा लालबागचा राजा येथे आणून भक्तांचा दर्शनाचा प्रवास अधिक आरामदायक करु इच्छित आहोत.”

इकोलिंकची उपस्थिती लालबागच्या राजाच्या अनुभवाच्या महत्वपूर्ण विभागात विस्तारलेली आहे, यामध्ये संपूर्ण स्थळावर मोठे होर्डिंग्ज, ड्रॉप-डाउन्स, लिलिपुट्स आणि इतर दृश्यमान घटकांसारख्या ब्रँडिंग साधनांचा समावेश आहे. ही ब्रँड उपस्थिती इकोलिंकच्या ऊर्जा-कार्यक्षम कुलिंगच्या संकल्पनेला बळकटी देते, तसेच संपूर्ण मांडव आणि रांगेच्या ठिकाणी ग्राहकांशी संवाद साधण्यासाठी अनेक संपर्क बिंदू निर्माण करते. इकोलिंकचा अनुभव स्थळाच्या पलीकडे नेण्यासाठी, अभ्यागतांना खरेदी करण्यासाठी वैयक्तिक हातातील पंखे देखील उपलब्ध असतील. 

प्रत्यक्ष सहभागाचा एक भाग म्हणून, सिग्निफाय एक संवादात्मक उपक्रम आयोजित करेल, जिथे अभ्यागत "हवा चा राजा इकोलिंक" साठी किती मोठ्याने जयघोष करू शकतात हे आजमावून आकर्षक भेटवस्तू जिंकण्याची संधी मिळवू शकतील, ज्यामुळे महोत्सवातील इकोलिंकच्या उपस्थितीला आणखी एक अनुभव मिळेल.

Moneyview Limited: Initial public offering to open on Thursday, September 24, 2026

 Moneyview Limited: Initial public offering to open on Thursday, September 24, 2026

Price Band fixed at ₹32 per equity share of face value ₹1 each to ₹34 per equity share of the face value of ₹1 each (“Equity Shares”) of Moneyview Limited (the “Company”) 

Anchor Investor Bidding Date – Wednesday, September 23, 2026

Bid /Offer Opening Date – Thursday, September 24, 2026, and Bid/ Offer Closing Date – Monday, September 28, 2026

Bids can be made for a minimum of 441 Equity Shares of face value ₹1 and in multiples of 441 Equity Shares of face value ₹1 thereafter

Red Herring Prospectus dated September 20, 2026 (“RHP”) link – 

https://moneyview.in/images/Red-Herring-Prospectus.pdf

Price Band Advertisement link: https://epaper.financialexpress.com/4201411/Mumbai/September-21-2026#page/22

September 21, 2026: Moneyview Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹1 each (“Equity Shares”) on Thursday, September 24, 2026. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, September 23, 2026. The Bid/ Offer Closing Date is Monday, September 28, 2026*.

*UPI mandate end time and date shall be at 5:00 pm on the Bid/Offer Closing Date.

The Price Band of the Offer has been fixed from ₹32 per Equity Share of face value ₹1 each to ₹34 per Equity Share of face value ₹1 each. Bids can be made for a minimum of 441 Equity Shares of face value ₹1 each and multiples of 441 Equity Shares of face value ₹1 each thereafter.

The Initial Public Offering comprises of a Fresh Issue of Equity Shares aggregating up to ₹7,500 million and an Offer for Sale of up to 100,494,200 Equity Shares by the Selling Shareholders.

The Offer for Sale includes up to 13,548,300 Equity Shares by Puneet Agarwal, up to 13,548,300 Equity Shares by Sanjay Aggarwal, up to 1,935,400 Equity Shares by Chitra Agarwal (The “Individual Selling Shareholders”) and up to 16,377,500 Equity Shares by Accel India IV (Mauritius) Limited, up to 15,356,000 Equity Shares by Internet Fund III Pte. Ltd., up to 8,011,900 Equity Shares by Accel Growth IV Holdings (Mauritius) Ltd., up to 10,000,000 Equity Shares by Crimson Winter Limited, up to 11,356,900 Equity Shares by Ribbit Capital, up to 4,265,600 Equity Shares by NLI Strategic Venture Investment Limited, up to 3,745,200 Equity Shares by TI JPNIN India Holdco, Ltd., up to 2,349,100 Equity Shares by DI Investment LLC (The “Investor Selling Shareholders”).

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process (as defined hereinafter) in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations, not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which 40% shall be reserved in the following manner, (i) 33.33% shall be available for allocation to domestic Mutual Funds, and (ii) 6.67% shall be available for Life Insurance Companies and Pension Funds, subject to valid bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price In the event of under-subscription in (ii) above, the allocation may be made to domestic Mutual Funds. 

In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. 

Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1,000,000 provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to RIIs in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. 

All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders) (as defined hereinafter) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Bank(s), as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE") and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).

Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.

Disclaimer:

MONEYVIEW LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP with SEBI, RoC, Karnataka at Bangalore and the Stock Exchanges on September 20, 2026. The RHP shall be available on the website of SEBI at www.sebi.gov.in, and is available on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of our Company at https://moneyview.in and the websites of the BRLMs, i.e., Axis Capital Limited, BofA Securities India Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Kotak Mahindra Capital Company Limited at www.axiscapital.co.in, www.business.bofa.com/bofasindia, www.iiflcapital.com and https://investmentbank.kotak.com, respectively. 

Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see ‘‘Risk Factors’’  beginning on page 25 of the RHP. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges, and should instead rely on their own examination of our Company and the Issue, including the risks involved, for making any investment decision. 

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other applicable law of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons as defined in Regulation S under the U.S. Securities Act (“U.S. Persons”) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Company has not registered and does not intend to register under the U.S. Investment Company Act of 1940, as amended (the “U.S. Investment Company Act”) in reliance on Section 3(c)(7) of the U.S. Investment Company Act, and investors will not be entitled to the benefits of the U.S. Investment Company Act. Accordingly, the Equity Shares are only being offered and sold (a) to persons in the United States or to or for the account or benefit of U.S. Persons, in each case that are both (i) persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act and (ii) “qualified purchasers” (as defined under the U.S. Investment Company Act) in reliance on Section 3(c)(7) of the U.S. Investment Company Act; or (b) outside the United States to investors that are not U.S. Persons nor persons acquiring for the account or benefit of U.S. Persons in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where those offers and sales occur. There will be no public offering of the Equity Shares in the United States. 

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026

Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each 

Fresh Issue Size - Up to 98,97,000 Equity Shares 

OFS size - Up to 13,50,000 Equity Shares 

Total Size - ₹ 150.71 Crore (At Upper Price Band)

Price Band - ₹ 126 - ₹ 134 per share

Lot Size – 111 Equity Shares 

Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE.

The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share.

Equity Share Allocation

QIB Portion – Not more than 50.00% of the Offer

Non-Institutional Investors - Not less than 15.00% of the Offer

Retail Individual Investors - Not less than 35.00% of the Offer

The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. 

The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited.

Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries.

Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets.

We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.”

About Adroit Industries (India) Limited 

Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment.

The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001.

With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs.

In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million.

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

XXVIII Sorbon International Convocation 2026: Global Excellence Celebrated in Delhi

 XXVIII Sorbon International Convocation 2026: Global Excellence Celebrated in Delhi

New Delhi just hosted one of the most significant academic and leadership summits of the year. Discover how the 2026 

Sorbon Convocation united visionaries across global business, politics, and social empowerment. 

XXVIII Sorbon International Convocation held on September 19, 2026, at Bel-la Monde Hotel, New Delhi, featuring Dr. Vivek Anand Oberoi and distinguished guests.

NEW DELHI — What defines true global leadership today?

On Saturday, September 19, 2026, New Delhi delivered a powerful answer. The city hosted the highly prestigious XXVIII Sorbon International Convocation. It was an event defined by unparalleled ambition.

The magnificent Bel-la Monde Hotel served as the backdrop. Located near the bustling Delhi Airport, the venue welcomed a truly elite crowd. Global visionaries gathered under one roof. They came to celebrate the absolute peak of human achievement.

The esteemed École Supérieure Robert de Sorbon (ESRDS)from France organized the ceremony. They partnered directly with India's IIPPT Foundation. Together, they built a massive bridge between European academic prestige and Indian entrepreneurial brilliance.

A Grand Arrival: Setting the Global Stage

The energy was electric from the very first minute.

Registrations opened sharply at 11:00 AM. Delegates and awardees captured their proudest moments at the official photo booths. By noon, the main hall was packed. Anticipation filled the air.

At 12:05 PM, the entire room stood in unified silence. The national anthems of France and India played back-to-back. This powerful moment highlighted deep, cross-border respect.

Also Read: BRICS Countries 2026: Full Member List and Economic Outlook

Shortly after, the ceremonial lamp was lit. It beautifully merged ancient Indian tradition with modern global academia.

Strong leadership steered the day. Dr. Vivek Choudhry delivered the opening address. As Vice President of ESRDS France and Chairman of IIPPT Foundation, his vision was clear. He demanded excellence.

Then, the spotlight shifted. Dr. John Thomas Prade, President of ESRDS France, took the stage. He had flown in specifically for this exact moment. His keynote address outlined a bold new future for international education.

The Bharat Samman Awards: Recognizing Titans

But academic degrees were only half the story.

At 12:50 PM, the event shifted gears. It was time for the Bharat Samman Awards. Instituted in memory of the Late Dr. Narendra Choudhry, these awards carry massive prestige. They target individuals fundamentally changing society.

The 2026 winners list is nothing short of extraordinary:

Dr. Vivek Anand Oberoi

Honored for Global Business Entrepreneurship & Social Service.

Shri Jayant Sinha

Honored for extensive contributions to Politics & Social Service.

Smt. Usha Rai

Honored for decades of excellence in Journalism & Media.

Dr. Amit Goenka

Honored for driving visionary Business Entrepreneurship.

Shri Jayant Sinha’s presence bridged a critical gap. It proved that sound public policy directly fuels educational growth.

Then came a highly anticipated moment. Bollywood icon and entrepreneur Dr. Vivek Anand Oberoi took the stage. He didn't just win a Bharat Samman Award. The institution proudly conferred an honorary D.Litt. degree upon him.

Why? Because his work extends far beyond entertainment. His expansive philanthropic ventures and global business frameworks demand the highest academic respect.

legacy is not the roles I have played on screen. My true legacy would be my contribution to my great motherland, Bharat." These words by Dr. Vivek Anand Oberoi stood out during the XXVIII Sorbon International Convocation in New Delhi.

The event brought together distinguished academicians, professionals and guests to recognise Vivek Anand Oberoi spoke about seva—the opportunity to help someone when we are in a position to do so.

He reminded us that these moments of service create a form of wealth that cannot be measured through possessions, awards or conventional success. Our real contribution is reflected in the lives we touch. 

That thought led to a reflection on legacy. Professional achievements may be remembered for a period of time, but the positive difference we make in other people's lives can leave a far deeper and more lasting impact.

Another thought that resonated deeply was: "You can get work done by Artificial Intelligence. You can access Al from various places. But spirituality is found only in Bharat." Al can help us improve productivity, automate tasks and achieve more.

But spirituality reminds us why we should use our abilities, how we should serve others and what kind of legacy we should leave behind.

Technology can amplify our work. Seva gives it meaning. Spirituality gives it direction.

Dr. Vivek Anand Oberoi being handed over the prestigious degree at grand Sorbon International Convocation stage.

Shattering Ceilings: The Women Empowerment Awards

True progress requires absolute inclusion. The organizers understood this deeply.

They introduced the highly celebrated Women Empowerment Awards. ESRDS, IIPPT, and the Bel-la Monde Hotel jointly backed this initiative. They sought out female leaders who are fundamentally altering their industries.

Dr. Neeti Sharma — Awarded for Women Awakening & Social Service. A true champion of grassroots mobilization.

Dr. Neha Dewan — Awarded for Global Entrepreneurship. She continues to break international corporate barriers.

Ms. Nidhi Baweja — Awarded for Spirituality & Tarot. Acknowledging unique forms of spiritual leadership.

Ms. Aarti Khetarpal — Awarded for Singing & Modelling. Proving art and culture remain vital societal pillars.

These awards send a crystal-clear message. Leadership has no single definition. It thrives in boardrooms, in communities, and on the cultural stage.

A Masterclass in Cultural Integration

How do you keep a highly formal event deeply engaging?

You infuse it with raw, authentic art. The convocation featured a deeply moving Invocation of Lord Ganesha and Guru Vandana. The Ghungroo Institute captivated the room with a breathtaking Kathak performance.

But the most emotional moment arrived shortly after. Children with special abilities from the Sukhsetu Foundation performed an incredibly inspiring medley. There was rarely a dry eye in the venue.

The leadership team responded immediately. Dr. Prade, Dr. Choudhry, and Dr. Vivek Oberoi stood together on stage. They presented formal Certificates of Appreciation to these brilliant young performers. Excellence recognized excellence.

Also Read: National Leadership Updates: Key Milestones and September 2026 Developments

Conferring the Ultimate Academic Accolades

At 1:25 PM, the core academic ceremony commenced.

Scores of deserving candidates finally received their Doctorate degrees. The committee read individual citations aloud. This public validation is crucial. It confirms years of relentless research and global networking.

Spiritual leader Sadguru Dr. Sakshi Shree provided profound Words of Inspiration. Distinguished Guests of Honour, including Dr. Gurmeet Singh and Dr. Kamal Anand, amplified the event's unmatched prestige.

Dr. Nirmal Bansal, Provost of ESRDS France, brought the event to a graceful close. Following his Vote of Thanks, delegates shared a vast networking lunch. Vital operational thanks were given to key team members—Sagar, Priyaank, Shubham, Lucky, Arjun, and Ritika.

The True Impact of the 2026 Convocation

The world is changing fast. Education can no longer exist in a silo.

The XXVIII Sorbon International Convocation proved a massive point. Real-world corporate strategy, journalistic integrity, and academic rigor must evolve together. By honoring figures like Vivek Oberoi and Usha Rai, ESRDS and IIPPT validated this exact truth.

New Delhi once again proved it is the ultimate meeting ground for global minds. Watch this space closely. The partnerships forged in that hotel ballroom will undoubtedly shape global industries for years to come.

Elevate Campuses Limited’s ₹2100 crore Initial Public Offering to open on Wednesday, September 23, 2026

Elevate Campuses Limited’s ₹2100 crore Initial Public Offering to open on Wednesday, September 23, 2026

Photo Caption (L-R)

1) Mr. Narasimha Jayakumar, Chief Executive Officer, Elevate Campuses Limited

2) Mukesh Tiwari, Board Director, Elevate Campuses Limited

3) Mr. Vinod Rao, Chief Financial Officer, Elevate Campuses Limited

Price Band fixed at ₹343 to ₹362 per share 

Bid/Issue Opening Date – Wednesday, September 23, 2026 and Bid/Issue Closing Date – Friday, September 25, 2026 

Anchor Date - The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Tuesday, September 22, 2026 

Bids can be made for a minimum of 41 shares and in multiples of 41 thereafter by bidders other than Anchor Investors 

Mumbai, September 18, 2026: Elevate Campuses Limited (“Elevate Campuses”) is the largest institutionalized and independent education platform engaged in owning, operating and managing on campus student accommodation across higher education institutes and owning K-12 assets in India by student capacity as of June 15, 2026. The Bid/Issue in relation to its initial public offering of the Equity Shares will open on Wednesday, September 23, 2026. The Bid/Issue will close on Friday, September 25, 2026. 

The Anchor Investor Bidding Date shall be on Tuesday, September 22, 2026. 

Bids can be made for a minimum of 41 Equity Shares and in multiples of XX Equity Shares thereafter. 

The Price Band has been fixed at ₹343 to ₹362 per Equity Share. 

The total Issue size is for such number of Equity Shares of face value of ₹1 each aggregating up to ₹21,000 million (₹2,100 crores).

Elevate Campuses owns, operates, and manages on-campus student accommodations across higher education institutions (HEIs) and K-12 assets. As of March 31, 2026, the current capacity enables to cater to 80,255 students across 15 cities in India and one city in United Arab Emirates. The business operates under the “Good Host Spaces” and “ScholarZ” brands for student accommodation and manages K-12 assets under long-term lease arrangements with K-12 operators. 

Elevate Campuses portfolio comprises both owned and managed assets. The ‘Owned Portfolio’ comprises seven student accommodation campuses totaling 20,368 beds (“Owned Beds”) across six Indian cities as of March 31, 2026, and two K-12 Assets in Dubai (UAE). The ‘Managed Portfolio’ comprises 14 student accommodation campuses, totaling 55,487 beds under management (“Managed Beds”), as of March 31, 2026 (“Managed Portfolio”). 

The Issue is being made through the Book Building Process in accordance with the applicable provisions of the SEBI ICDR Regulations. At least 75% of the Issue shall be available for allocation to Qualified Institutional Buyers (QIBs), of which up to 60% of the QIB Portion may be allocated to Anchor Investors, subject to applicable regulations. Further, not more than 15% of the Issue shall be available for allocation to Non-Institutional Investors (NIIs), with the portion further divided between applicants with application sizes of more than ₹2 lakh and up to ₹10 lakh, and those with application sizes exceeding ₹10 lakh, in accordance with the SEBI ICDR Regulations, and not more than 10% of the Issue shall be available for allocation to Retail Individual Investors (RIIs), subject to valid bids being received at or above the Issue Price. For further details, please refer to the sections “Issue Structure” and “Issue Procedure” beginning on pages 621 and 641 of the red herring prospectus dated September 17, 2026.

Elevate Campuses is led by an experienced management team with expertise across real estate, deal financing and operations and facility management. The Company’s promoters are ultimately owned and controlled by funds of Hillhouse Investment, a global alternative investment manager. Hillhouse established Rava Partners in 2020 as its real-assets strategy, which has committed over US$3.5 billion since inception across growth sectors of Asia’s real-asset economy, including education, logistics/industrial, life sciences/healthcare and digital infrastructure.

Disclaimer: 

ELEVATE CAMPUSES LIMITED (Formerly known as Good Host Spaces Limited) is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP with SEBI, RoC, Mumbai and the Stock Exchanges on September 17, 2026. The RHP shall be available on the website of SEBI at www.sebi.gov.in, and is available on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of our Company at www.elevatecampuses.com and the websites of the BRLMs, i.e., JM Financial Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Morgan Stanley India Company Private Limited at www.jmfl.com, www.iiflcapital.com and www.morganstanley.com, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see ‘‘Risk Factors’’ beginning on page 25 of the RHP. Potential investors should not rely on the DRHP filed with SEBI and the Stock Exchanges, and should instead rely on their own examination of our Company and the Issue, including the risks involved, for making any investment decision.

The Equity Shares offered in the have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) or any state securities laws in the United States, and unless so registered may not be offered or Issue sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold in offshore transactions as defined in and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where those offers and sales occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction except in compliance with the applicable laws of such jurisdiction. There will be no offering in the United States.