Tuesday, December 31, 2019

Maharashtra Welcomes 2020 and the New Decade with Grandeur  ‘Dashak Maharashtrache’.





Maharashtra Welcomes 2020 and the New Decade with Grandeur – ‘Dashak Maharashtrache’

 

~Showcases a sense of peace, unity and pride amongst the Maharashtrians~

 ~ Witness a one-of-a-kind show and Dazzling fireworks display at Iconic locations in Mumbai and Nagpur~

 

Mumbai, 30th December, 2019; The Government of Maharashtra is all set to bring in the New Decade with grand celebrations across the state capitals on New Year’s Eve. Titled as ‘Dashak Maharashtrache’, the event will mark the success of the State’s continuous pace of development and usher in the new decade of hope and fulfillment of promises. Hosted by Maharashtra Tourism & Government of Maharashtra under the patronage of Hon’ble CM Shri Uddhav Thackeray, the landmark event will put India and the very own capital of Entertainment ‘Mumbai’ on the Global Map as the destination for one of the biggest New Year’s celebrations annually.

 

The new decade promises to be driven by rapid growth and sustainable development across all sectors in Maharashtra. Some of the recent announcements made by the Maha Vikas Aghadi government led by Thackeray, such as complete farm loan waiver, schemes to raise farm productivity, effective implementation of tribal welfare schemes in remote areas of the State, allocation of Rs 20 crore for the development of Raigad, completion of Coastal Road project and several infrastructural development projects will pave way for enhanced growth in the State.

 

The celebrations will comprise fireworks, lasers, cultural performances and a son-et-lumiere extravaganza. Corporate leaders such as J. Kumar Infra Projects Limited and Hiranandani group are putting their weight behind the celebration that has been initiated by Wizcraft International Entertainment. The event is sponsored by NECC and Venky’s.

On New Year’s Eve, Mumbaikars will witness the grand welcome of Year 2020 and the new Decade with exclusively curated cultural performances which will showcase the state’s festivals, music and folk dances at iconic locations Gateway of India in Mumbai and Futala Lake in Nagpur. Every location will play the video recorded message of the CM across at midnight on large screens.

‘Dashak Maharashtrache’ also kicks off celebrations of 60 years of Maharashtra in 2020.

Chief Minister of Maharashtra and the President of Shiv Sena, Shri Uddhav Thackeray said, “We are glad to celebrate the New Year with the people of Maharashtra and on this special occasion, we promise a new decade of hope, peace and prosperity in the State. We are committed to making significant strides in further developing the state in this decade and continue to work for the welfare of the common people.”

Through this grand event, the Maharashtra Government will also aim to promote the state as a tourist hotspot. An initiative of Wizcraft International Entertainment, ‘Dashak Maharashtrache’ is being supported by the Government of Maharashtra, MTDC, Maharashtra Tourism ministry, the police and municipal corporations. 



 
Maharashtra Welcomes 2020 and the New Decade with Grandeur – ‘Dashak Maharashtrache’

~Showcases a sense of peace, unity and pride amongst the Maharashtrians~
 ~ Witness a one-of-a-kind show and Dazzling fireworks display at Iconic locations in Mumbai and Nagpur~

Mumbai, 30th December, 2019; The Government of Maharashtra is all set to bring in the New Decade with grand celebrations across the state capitals on New Year’s Eve. Titled as ‘Dashak Maharashtrache’, the event will mark the success of the State’s continuous pace of development and usher in the new decade of hope and fulfillment of promises. Hosted by Maharashtra Tourism & Government of Maharashtra under the patronage of Hon’ble CM Shri Uddhav Thackeray, the landmark event will put India and the very own capital of Entertainment ‘Mumbai’ on the Global Map as the destination for one of the biggest New Year’s celebrations annually.

The new decade promises to be driven by rapid growth and sustainable development across all sectors in Maharashtra. Some of the recent announcements made by the Maha Vikas Aghadi government led by Thackeray, such as complete farm loan waiver, schemes to raise farm productivity, effective implementation of tribal welfare schemes in remote areas of the State, allocation of Rs 20 crore for the development of Raigad, completion of Coastal Road project and several infrastructural development projects will pave way for enhanced growth in the State.

The celebrations will comprise fireworks, lasers, cultural performances and a son-et-lumiere extravaganza. Corporate leaders such as J. Kumar Infra Projects Limited and Hiranandani group are putting their weight behind the celebration that has been initiated by Wizcraft International Entertainment. The event is sponsored by NECC and Venky’s.
On New Year’s Eve, Mumbaikars will witness the grand welcome of Year 2020 and the new Decade with exclusively curated cultural performances which will showcase the state’s festivals, music and folk dances at iconic locations Gateway of India in Mumbai and Futala Lake in Nagpur. Every location will play the video recorded message of the CM across at midnight on large screens.
‘Dashak Maharashtrache’ also kicks off celebrations of 60 years of Maharashtra in 2020.
Chief Minister of Maharashtra and the President of Shiv Sena, Shri Uddhav Thackeray said, “We are glad to celebrate the New Year with the people of Maharashtra and on this special occasion, we promise a new decade of hope, peace and prosperity in the State. We are committed to making significant strides in further developing the state in this decade and continue to work for the welfare of the common people.”
Through this grand event, the Maharashtra Government will also aim to promote the state as a tourist hotspot. An initiative of Wizcraft International Entertainment, ‘Dashak Maharashtrache’ is being supported by the Government of Maharashtra, MTDC, Maharashtra Tourism ministry, the police and municipal corporations. 



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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...