Thursday, December 26, 2019


Macao Light Festival 2019


Greetings on behalf of the Macao Government Tourism Office!

Please find attached and below the Press Note on Macao Light Festival 2019. 

Request you to please use the same in your esteemed publication. 

For Immediate Release:
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Macao unfolds glittery journey in celebration of 20th Anniversary of the Establishment of the Macao SAR with Macao Light Festival

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26th December 2019: Organized by Macao Government Tourism Office (MGTO) and co-organized by Municipal Affairs Bureau, Cultural Affairs Bureau and Sports Bureau, “Macao Light Festival 2019 – Explore the Light” is lighting up Macao from 1st to 31st December.
Held for the fifth year, the Macao Light Festival illuminates the city’s northern district for the first time, and brings together four teams from Spain, Portugal, Japan and Shenzhen as well as two local teams to present an array of projection mapping shows, in joyful celebration of the 20th Anniversary of the Establishment of the Macao Special Administrative Region.
MAK MAK takes you to explore the light
“Macao Light Festival 2019 – Explore the Light” is staged from 7 p.m. to 10 p.m. from 1st to 31st December, presenting an extravaganza of projection mapping shows, light installations, interactive games and more, covering 15 locations across four districts including the newly-featured northern district. On 31st December 2019, the light installations at Nam Van Lake Nautical Centre, Anim’Arte Nam Van and the white canopy at Nam Van will be illuminated until 0:10 midnight on 1st January 2020.
Mapping Shows in celebration of the 20th Anniversary of the Establishment of the Macao SAR
Two local teams and the teams from Spain, Portugal, Japan and Shenzhen from the Guangdong-Hong Kong-Macao Greater Bay Area will present a range of projection mapping shows themed after the celebrations of the 20th Anniversary of the Establishment of the Macao SAR in different time periods at two attractions in the World Heritage Site – “The Historic Centre of Macao”, namely the Ruins of St. Paul’s and St. Joseph’s Seminary Church, the latter as a new venue for mapping shows.
Redeem gifts via sharing on Light Festival mobile app or social platforms
The mobile app for Macao Light Festival 2019 (with content available in Traditional/Simplified Chinese and English) offers event information, route navigation as well as features for commenting and gift redemption. The mobile app can be downloaded for free on App Store or Google Play. The public can complete different activities for gift redemption via the mobile app or social media platforms according to instructions. Gifts of Macao Light Festival 2019 can then be redeemed at various information stations for the event.

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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...