Friday, October 14, 2016

JEWELRY MEETS APPAREL!

Evening where fashion took the spot-light & style took the centre- stage  at the launch of fine jewelry by Manali & Vicky Shoor: MVS; Mitali Jagtap's 1st pop up introducing designers duo Mitali & Urvashi : The Rack; Pop-up-store by Luxury Fashion House: DVAR India featuring designers like- Anmol Kakkad, Ashtar by Manju Lulla, Megha- Amit Sanger.

The evening was spearheaded by Sharmila Thackeray, Manali Jagtap, Vicky Shoor & Vijayta V Gandhi

10th October, 2016 in Mumbai- The fashion soiree saw some of the big names from Bollywood, Television & Fashion like- Manali Jagtap's father- Bhai Jagtap , Farah Khan, Mugdha Godse, Shaina N.C , Smita Thackeray, Nitin Sardesai MNS MLA, Warda Nadiadwala, Rakshanda Khan, Kehkashan Patel, Shazia Gowariker, Kainaat Arora, Amruta Khanvilkar, Sharmila Thackeray, Reema Lagoo, Leena Mogre, Yogita Kadam- Daughter of  Ramdas Kadam, Mitali Borude, Pratima Shelar, etc 
        There is no gainsaying that jewellery is one of the most popular accessories among women all over the world. And in the wake of jewelry and apparel designers joining hands to offer their items under one roof, fashion enthusiasts have a whole range of both to pair and wear from Manali Jagtap Shoor & Vicky Shoor fine jewelry- MVS to Mitali Jagtap's 1st pop up introducing designer duo Mitali & Urvashi, Anmol Kakkad, Ashtar by Manju Lulla, Megha- Amit Sanger and many more.
         Leading light of Indian fashion landscape to salivate the craving for everything precious & luxurious, Designer Manali Jagtap Shoor along with her husband Vicky Shoor launched an exquisite line of fine jewelry- MVS. With a carefully selected, magnificent range, of intricately designed- MVS will not bear just a mark of excellence, but also an assurance of quality that will be recognized the world over. Exuding a modern vibe, the collection will comprise of chic and exclusive pieces of  pendants, rings, earrings, bangles and bracelets . Marvelous & delicate work will make the collection worth the grabs. 
           Excited & equally nervous, Manali Jagtap says "There is a vintage aspect to our designs. We have prepared pieces that not only stand out but fits everyone’s budget. I believe there is a powerful relationship between jewellery design and fashion in general, which we have endeavoured to capture. Our jewellery will complement the different  outfits. It will cater to different women with different choices"
 Besides the launch of MVS, Mitali Jagtap's 1st pop up introduced designer duo Mitali & Urvashi who had set the color wheels in motion with an exclusive preview of their collection- The Rack. Keeping the essentials in mind designers Mitali & Urvashi have put in their blood and sweat into their creation making sure it gives the masses the best in fashion. With a penchant for luxurious fabrics, texture, color and handcrafted design, the collections will be a direct reflection of their philosophy – poetically combining appreciation for the traditional and classic Indian visual with the new-age fashion.
           The glamorous evening had a Pop-up-store by Luxury Fashion House: DVAR India featuring designers like- Anmol Kakkad, Ashtar by Manju Lulla, Megha- Amit Sanger who showcased products which were a perfect blend of creativity and style, designed by the big names in fashion industry and created by the artistic craftsmen; keeping the masses up-to-date with the latest trends and style quotient. The evening was one eventful shopping destination that helped the shoppers find products which were a perfect match to their unique sense of style; at the same time taking utmost care of their pocket and comfort factor too.
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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 valu...