Friday, March 15, 2019

Impressive participation by Goa Tourism at BTL, Lisbon, Portugal which commenced on 13th March 2019


Goa Tourism puts up an impressive show at  BTL (Bolsa de Tourismo de Lisboa) in Lisbon,   Portugal  being held from March 13-17, 2019. The five-day event which began on 13th March is receiving an excellent response with market leaders increasing their stand size followed by participation from a cross section of global and Indian travel and tourism markets.

The Hon’ble Indian Ambassador to Portugal, Ms. K. Nandini Singla called on the  Goa Tourism  delegation  led by Mr. Sanjiv Gadkar, Director, Department  of Tourism, Govt.  of Goa.  Ms. Singla expressed  delight on  Goa Tourism’s participation  at the Bolsa de Tourismo de Lisboa and  for setting up an attractive  and  impressive pavilion showcasing the best that Goa Tourism has to offer to the world.  

Ms. Singla who had visited Goa last year and  met  the Hon’ble Tourism Minister, Mr.  Manohar Ajgaonkar, once again  re-assured  the Goa Tourism  delegation of  her continued support  and pursuing   bilateral ties between Goa and  Portugal through tourism,  sports and  other areas. As part of this initiative, Ms. Singla also urged  Goa Tourism to initiate  talks with APAVT, an association of Portuguese travel and tourism agencies which could  facilitate and  boost footfalls  to Goa in the near future.

Mr.  Jose Ulisses Correia e  Silva, the Hon’ble Prime Minister of Cape Verde who also visited  Goa Tourism’s pavilion at the on-going BTL, Lisbon,  showed  keen  interest in Goa as a tourism destination having  a plethora of  facets. He expressed his desire to engage in  bilateral   relations for an exchange  of tourism ties  between  the two regions.
Mr. Deepak Narvekar, PRO – GTDC &  Mr. Gajanan Mahale, ATO – Dept.  of Tourism were also present during the interactions.

Goa Tourism has set up an attractive pavilion at the BTL,  Lisbon showcasing all its new tourism products and services , organized presentations and interactions with bigwigs from the tourism  industry which received tremendous response from international buyers, tour operators, travel agents, wedding planners, corporate travel decision makers, potential investors in the field of hospitality, leisure and travel industry.

Several  bloggers and  travel writers visited BTL and obtained information on Goa Tourism services and other facilities. Goa Tourism officials  are engaging in B2B  meetings and are networking   with prominent tour operators during the event. Many bloggers  have also visited the Goa stall. A Goa Evening was also organised which was well attended by travel and tour operators, media, visitors and  other dignitaries .Goa Tourism’s pavilion was  designed and managed by Mr. Elvis Dias of AMO.



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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...