Wednesday, December 18, 2019

Vigo Video and VOOT launch ‘Vigo Comedy Mahasabha
A Mega Comedy Talent Hunt Show to discover India’s Comedy Capital~
~A VOOT Studio creation, the show will be hosted by ace comedian Paritosh Tripathi~
Delhi, December 18, 2019; Vigo Video, India’s fastest growing short-video platform, announced the launch of a unique comedy talent show, Vigo Comedy Mahasabha. A hunt for the Comedy Capital of India, the show will feature 12 promising Vigo comedy creators on India’s second largest video-on-demand platform- VOOT. The 12 creators will be pitted against each other to win the coveted title for the State they represent. The 4 episode show beginning Jan 2020 will be hosted by popular comedian Paritosh Tripathi.
With over 20 million monthly active users, Vigo Video empowers users to share 'real' stories from their daily lives as well as connect with a like-minded community of similar people.
"Vigo Video brings Indians together through entertaining and heartfelt visual stories. We are excited to launch Vigo Comedy Mahasabha in partnership with VOOT, where users will create content on one of our most popular categories - Comedy. Our endeavor is to give a platform to our comedy creators to reach a large audience and also determine the Comedy Capital of India,” said Vigo Spokesperson.
Speaking about the show and partnering with Vigo, Akash Banerji, Head-AVOD business, VOOT said, "We are happy to partner with Vigo to bring to life this new show. Our focus at VOOT Studio is to curate interesting brand solutions for advertisers that allow them to connect with their right audience effectively and seamlessly, delivering on their brand story. We are sure that the new show crafted by the VOOT Studio team for Vigo will ensure that the brand continues to scale new highs of popularity and reach.”

Vigo Video is an engaging platform for the next generation of storytellers and connects with like-minded users sharing similar interests. Within a short span of time, the brand has transformed into a community building and relationship molding platform and created a strong and unique identity amongst users.
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About VIGO VIDEO
Vigo Video is India's fastest-growing short-video platform, connecting real people with real stories from their community. Vigo Video brings Indians together through entertaining and heartfelt visual stories, brought to life through professional editing tools, creative stickers, awesome filters, and special effects. With its India headquarters based in Mumbai, Vigo Video is available on iOS and Google Play Store. https://vigovideo.in/vigo-video-app-download/
About VOOT
VOOT is India’s second-largest digital video-on-demand streaming service from the house of Viacom18. With a content library of more than 65,000 hours across Viacom18’s network content, exclusive content around network shows and VOOT Originals, the platform caters to varying needs of discerning audiences across segments. With over 80 million monthly active users, VOOT is the most engaging platform in the ad-supported service space. VOOT continues to take the leadership mantel on innovation, across content, technology and marketing initiatives, aimed at providing an immersive experience to its users.

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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...