Monday, October 15, 2018

Divo Café & Bar, a new premium hotspot for global fusion food and live music, opens its doors in Calangute, Goa

Calangute, October 13th 2018: Divo Café & Bar, the new hotspot for global fusion food, delectable café bites and excellent cocktails along with euphoric sounds of live music, has opened its doors today amidst much fanfare in Calangute, Goa. With a vision to create an unmatched value proposition in the hospitality industry in India, two young and dynamic entrepreneurs Mr. Trivesh Ajgaonkar and Mr. Shikar Kumar, have come up with this one-of-a-kind premium café and bar in Goa’s flagship beach destination.

Present at the grand opening of Divo Café & Bar were Mr. Michael Lobo, Hon’ble Deputy Speaker of Goa Legislative Assembly and MLA Calangute, Mr. Manohar Ajgaonkar, Hon’ble Minister for Tourism, Govt. of Goa along with other dignitaries. Speaking at the launch, Mr. Lobo stated, “I congratulate Trivesh Ajgaonkar and Shikar Kumar on their new venture which is located not only in my constituency but also in the prime coastal belt that draws lakhs of tourists looking for new hotspots in Goa. I am delighted that Divo Café & Bar has been conceptualized to give tourists an all new experience of fine dining while simultaneously showcasing Goa’s heritage and culture.  I wish this new venture grand success and a prosperous future.”

Other dignitaries present at the launch of Divo Café & Bar included Mr. Vijay Sardesai, Minister for Town and Country planning, Mr. Rohan Khaunte, Revenue Minister, Mr.Vinod Palyekar, Water Resource Minister, Mr. Jayesh Salgaonkar, Minister of Housing,Mr. Deepak Pawaskar,GSIDC Chairman, Mr. Shrinivas Dempo ,Chairman of Dempo Group of companies, Mr. Suraj Lotlikar, GCA president , Mr. Victor Albuquerque , Chairman and Managing Director of Alcon Victor Group, Mr. Agnelo Fernandes , Ex Calangute MLA , Mr. Anil Counto , Chairman and Managing Director of Alcon Enterprises , Mr. Savio Messias,President TTAG , Mr. Babu Quenim, Managing Director, Mandovi Hotels, Mr. Babush Monserrate, Chairman GPPDA ,Mrs. Jennifer Monserrate, Taleigao MLA, Mr. Nandan Kudchadkar, Founder, LPK waterfront and Mr. Suraj Morajkar, Managing Director, Sun Estate Developers.         

Sharing his inspiration behind the launch, Mr. Ajgaonkar, who will be spearheading the operations of Divo Café & Bar stated, “It was early April this year, when I along with my team of young enthusiasts got together to brainstorm on a business idea. We wanted to open a contemporary restaurant that would represent the charming heritage of Goa and draw upon international flavours through an innovative menu. Hence, the idea of opening Divo Café & Bar was born. We believe that the next best thing to eating food is talking about it and hence before finalizing our menu we invited food aficionados to try out our dishes and share their valuable feedback with us. Through this exercise, we were finally able to curate our menu that would offer a diverse range of global fusion food along with quick savory bites.”

Located right on the main street of Calangute, the Divo Café & Bar has been given a vibrant and energetic vibe by Rhea Kumar, the brain child behind the chic interior of the place along with Manuela Mendonca Gomes, noted Goan illustrator. The interiors of the café have been seamlessly blended with its adjoining busy street by adding a beautiful glass facade. To give a luxurious feel of a bar and yet remain true to the concept of being a café, there is a subtle infusion of varying degrees of neutral grey with vibrant colours such as red and green. Tropical plants and artwork interspersed with chic interiors has given Divo a casual yet plush look.

 Mr. Ajgaonkar believes that today, the designs of restobars in Goa have moved beyond coconut branches and laterite stones, to modern minimalistic influences and twists. He adds, “We have worked tirelessly on the interiors which have been inspired by the rich cultural heritage and artistry of Goa. We have also added a wall inspired by the arts of India's most well recognized illustrator, Mario Miranda. The Mario Miranda wall is the key element within the café which showcases some of the illustrator’s most noted drawings.”

Apart from the impressive décor, the cuisine at Divo Café & Bar is equally worth remembering. Be it breakfast, lunch or dinner, there is a perfect dish for one to savour. One can start the meal with a humble yet overwhelming bowl of Tomato Basil Soup. The colourful and photogenic Divo Signature Sandwich served with a side of fries is something one must try for a quick fill. Hand crafted, delicately prepared and ready to be devoured, the Watermelon Feta Salad is perfection in every mouthful. Grilled chicken marinated in a mélange of Mediterranean spices, gives this meat dish a flavour par excellence. Back in history one of the most famous cocktails was the Moscow Mule. This age old spirited combination has found its way into their menu as well, where it is served in the traditional Highball Copper Mug. One can also try their Kiwi and Banana Smoothie, a healthy alternative to kick-start the weekend. 

The day-to-day operations at Divo Café & Bar will be handled by General Manager Mr. Sahil Joshi, an energetic and passionate hospitality professional. Looking after the kitchen operations will be Executive Chef Manas Patra, known for whipping up some of the best continental and global delicacies alongside his dedicated and most hospitable team.


Divo Café & Bar located right on the Calangute-Baga main road is all set to offer a range of scrumptious food and exciting events as the tourism season commences in Goa.




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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...