Thursday, December 12, 2019


VYRLCOVERSTAR RECEIVES MORE THAN 2000 ENTIRES FOR INTEZAAR – MAKING IT THE BIGGESTEDITI

ON EVER.



Mumbai, Dec’19: VYRL Coverstar is a unique initiative by VYRL Originals that bridges the gap between aspiring artists to the music stalwarts from the fraternity and with its every edition, VYRL Coverstar only gets bigger and better
In its most recent, (4th edition) VYRL Coverstar saw participation of more than 2000 digital entries, breaking the record of its previous editions. The judges of the VYRL Coverstar #Intezaar edition namely, Mithoon, Mohit Suri and Asees Kaur who are also the makers of the recent VYRL Originals track – Intezaar, handpicked 12 worthy finalists to come and perform live in front of them. The jury also included Mr. Vinit Thakkar, label head of VYRL Originals on the judging panel.
VYRL Coverstar – Intezaar edition was hosted at PVR, Juhu Mumbai on 10th Dec where the finalists - Gucci Singh & Jasraj Singh, Maadhyam, Srushti Barlewar, Anurag Mohn, Sourav Dutta, Keerthana V., Harpreet Kaur, Mohammed Saleem, Sanish Nair, Nidhi Hegde were flown in from across the county wherein one of entrants, a 12-year-old talented boy, Shivam was found by Red FM from one of his singing video on the streets of Delhi that went viral.
Each finalist performed on 2 tracks and enthralled the audience with their breathtaking renditions of the songs. Harpreet Kaur, from Bareilly stood out amongst all the finalists to become the winner of the #Intezaar edition of VYRL Coverstar. The evening ended on a high note with Mithoon and Asees’s surprise performance leaving the crowd spell bound.
Talking about the finale of VYRL Coverstar, Mithoon shared, “The grand finale of VYRL Coverstar has been the most unique experience for me because as a composer I have put out so many songs, but once I finish a song I just move on to the other because of which there is a certain isolation and disconnect that comes between me and my songs. But here I am back to my song Intezaar after I put it out which has been there for more than a month. And I was delighted to see people come and perform for us from all over the country. We got to know that there were more than 2000 entries that came for this and to see the best 12 of them live who interpreted the song in different ways, to hear what they felt, what they thought about each line and put it out, it was very -very refreshing for me as a musician and that's why I couldn't hold back and I just picked a moment and jumped on the stage and I joined the musician team and I played it myself. I think Vinit, Mohit, Asees and I had a great time.”
Talking about VYRL Coverstar – Intezaar Edition, Mohit shared, “I had a great time watching all 12 finalists perform their versions of Intezaar, each being unique in its own way. There are a very few platforms like this which exist in our country that gives opportunities to budding musicians to showcase their talent in front of artists. I am happy that I was a part of this awesome evening that celebrated music.”
This was such an incredible experience, all the contestant sang really well. It is a great opportunity for budding artists to sing in front of Mithoon Sir, Mohit Sir, and Vinit Sir and such opportunities come very rare and it was very evident that all the finalists put in their 100%. I had a great time watching each of their Performances as they were so amazing. This edition of VYRL Coverstar was truly bigger and better”, shared Asees Kaur .

Speaking about the 4th edition of VYRL Coverstar, Vinit Thakkar, Senior Vice President, Universal Music Group India & South Asia shares “It has been a humbling experience to see VYRL Coverstar grow over the its four editions. We are glad to have created this platform that bridges the gap between scores of aspiring musicians and their favorite artists. With every edition, VYRL Cover Star has consistently grown in terms number of and quality of participation and the Intezaar edition has comfortably surpassed all the previous bench-marks. I am thankful to my fellow jury who have patiently gone through over 2000 entries and to our partners who have helped us grow VYRL Coverstar exponentially.”.



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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...