Tuesday, November 6, 2018

Caravela Beach Resort Goa receives the coveted GO-MMT Customer Choice Award for ‘Independent Hotels in the Premium Segment’

Goa, 4th  November, 2018: Caravela Beach Resort Goa, which is owned and operated by Advani Hotels & Resorts (India) Ltd. was awarded the GO-MMT Customer Choice Award for ‘Independent Hotels in the Premium Segment’ at the glittering ‘Star Partners Meet’ in Goa. The awards are given to select leaders in the hospitality industry for service excellence and are decided by an eminent jury on the basis of the reviews and ratings posted by verified guests who stayed at the hotel. 
The awards jury comprised of the Executive Committee of Go MMT. Winners are selected on the basis of the number of positive reviews. In addition, these reviews are verified (the guest needs to have stayed at the hotel and booked the hotel through Go MMT). This award has been a unique one for the Caravela Beach Resort as it was chosen the best hotel amongst the entire Premium Segment. Other categories included Upper-Mid segment and Mid-segment categories.
Mr. Sunder G. Advani, Chairman and Managing Director of Advani Hotels & Resorts (India) Ltd. in Mumbai said, “We are proud and humbled that our guests have voted us for this prestigious award with their reviews for our Caravela Beach Resort. The award is a recognition of our unwavering commitment towards our guests offering them a world class service and lasting experience. I dedicate this award to our team of employees and managers in Goa, who are our biggest asset and who work passionately to ensure that all guests are delighted with their stay at the Caravela Beach Resort, Goa.”
Go MMT is the largest online distribution channel for Indians buying travel.  With a database of over 3.5 crore customers, they also own about 60% share of the Indian domestic market that travel within India.
Mr. Prahlad Advani, Director, Advani Hotels & Resorts (India) Ltd. who is based in Goa and responsible for the overall Operations of the Resort received the award on behalf of the entire Goa team. Mr. Prahlad also thanked the team of MMT and Go-Ibibo and their dynamic CEO Mr. Deep Kalra, for their constant support, by which the Caravela Beach Resort Goa has managed to grow revenues and distribution in a remarkable way.

The 5-star deluxe luxury beach resort has 203 rooms, several of which have direct sea views and includes 5 villas.  The Resort is designed by the world famous architects WATG from the USA (who also built the Atlantis Resorts, Sun City, the Venetian etc.).  The Caravela is built in terraced garden pattern in a 24-acre estate and is located on the powdery white sands of Varca beach, South Goa. The Resort is surrounded by immaculate gardens designed by Belt Collins Singapore and are home to unique birds and a large golf course.
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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...