Friday, January 17, 2020

MTGO presents The Parade for Celebration of the Year of the Rat to share blessings on 3rd Day and 8th Day of Lunar Ne11w Year
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Greetings from Macao Government Tourism Office!

Please find attached the Press Release on 'MTGO presents The Parade for Celebration of the Year of the Rat to share blessings on 3rd Day and 8th Day of Lunar New Year'. 

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

For Immediate Release:
MGTO presents The Parade for Celebration of the Year of the Rat to share blessings on 3rd Day and 8th Day of Lunar New Year
~The “Parade for Celebration of the Year of the Dog” brings joyful celebrations to all
on 3rd Day and 8th Day of Lunar New Year~
 

Mumbai, 16th January 2019: Macao Government Tourism Office (MGTO) will present the mega celebration event — “Parade for Celebration of the Year of the Rat” at the central and northern districts on the 3rd day (27 January) and 8th day (1 February) of Lunar New Year respectively to celebrate the joyful occasion with residents and visitors. The event features a range of spectacular activities including float parade, mega performances, fireworks display, float exhibition, Favourite Parade Float Voting and more.


 The “Parade for Celebration of the Year of the Rat” (the “Parade”) is organized by MGTO and co-organized by Municipal Affairs Bureau, Cultural Affairs Bureau, and Sports Bureau, as well as sponsored by Asia Tourism Exchange Center. A press conference for the event was held today (8 January) to unveil the event program. MGTO Acting Director Cheng Wai Tong and Deputy Director Ricky Hoi, Assistant Director of Asia Tourism Exchange Center, Li Wen Pei, Vice President of Cultural Affairs Bureau, Chan Kai Chon, Head of Department of Civic Affairs and Consultation of Municipal Affairs Bureau, Patsy Ko Pui San, and Head of Sports Facilities Management Department of Sports Bureau, Ho Wa, were present in the press conference together with representatives of the supporting and sponsoring entities.
For the upcoming Chinese New Year, MGTO has tailored an array of celebrations for residents and visitors. With both the double first solar terms and an intercalary month falling on the Geng-Zi Year of the Rat, 2020 is considered a blissful year for tying the knot. As a major highlight during Chinese New Year, the “Parade for Celebration of the Year of the Rat” will be themed around a story of the Rats’ splendid wedding. Delivering the story through a confluence of aerial dance and acrobatics, the Parade will be unveiled on the third night of Chinese New Year to extend blissful wishes for spectators. Performance teams from near and afar will also perform at major tourist attractions during Chinese New Year for a close encounter with residents and visitors.

In speaking at the press conference, MGTO Acting Director Cheng Wai Tong stated that Macao boasts a year-round calendar of diverse and spectacular events and festivals, which not only manifests the harmonious flourishment of diverse cultures in the city but also offers great opportunities for residents and visitors to create wonderful memories with their dearest ones. He hopes that this annual event that carries on traditional Chinese culture can let everyone experience a rich ambiance of the Spring Festival in Macao.

Fireworks add festive joy on 3rd day of Lunar New Year


The first round of the Parade will feature a range of elements including aerial acrobatics, float parade, the procession of performance groups and fireworks display. At 8 p.m. on the 3rd day of Lunar New Year, an aerial acrobatics show will lift the curtain on the Parade. Joined by a total of 34 local and international performance groups, 18 dazzling auspicious floats will then set off from Sai Van Lake Square before Macau Tower, march along Avenida Dr. Sun Yat-Sen on Macao Peninsula until the destination at Macao Science Center. Starting from 5:30 p.m., warm-up performances will take place at intervals, featuring artists from Macao and Hong Kong including Selena Lee, Paisley Hu and Mandy Wong, among others. A 15-minute fireworks display will take place above the sea area overlooked by Macau Tower at 9:45 p.m.
For the convenience of residents and visitors, MGTO will operate a free shuttle bus service around multiple routes between event locations and various districts in Macao Peninsula, Taipa and Coloane. Starting from 8 p.m. on the night, MGTO will live broadcast the Parade on LED screens set up at multiple locations in the city. In addition, TDM and Macao Cable TV will live broadcast the Parade on the 3rd day of Lunar New Year.

The Parade will fill Northern District with good luck on 8th day of Lunar New Year

There will be another float parade and finale show of cultural performances on the 8th day of Lunar New Year. At 8 p.m., 18 floats will set off from Rua Norte do Patane to march along Avenida do Conselheiro Borja, Estrada do Arco, Estrada da Areia Preta, Avenida de Venceslau de Morais, Rua Quatro do Bairro da Areia Preta, Avenida da Longevidade, Rua do Mercado de Iao Hon until the finishing point at Iao Hon Market Garden, where artists from Macao and Hong Kong including Louis Yuen, Germano Guilherme, Elise Lei, Elvin Chio, BoBo Chan, and Kenny Lei will dazzle the finale show among others.
Vote for your favorite float to win attractive prizes
By scanning QR codes on the floats, residents, and visitors can access the voting platform for the activity “Favourite Parade Float Voting”, vote for their favorite floats and submit their personal information, to enter the grand lucky draw for chances to win attractive prizes including air tickets, hotel accommodation, ferry tickets, Smart TVs and smartphones, etc.

A close encounter with beautiful floats for abundant blessings

18 splendid floats are presented by the following entities: Asia Tourism Exchange Center, Macao Government Tourism Office, Municipal Affairs Bureau, Cultural Affairs Bureau, Sports Bureau, Sociedade de Jogos de Macau, S.A., Tak Chun Group, Suncity Group, Meg-Star Group, Wynn Macau, Limited, Galaxy Entertainment Group, MGM, David Group, Melco Resorts & Entertainment Limited, Sands Resorts Macao, UO Group, Chimelong Tourist Resort, and Multinational (Holdings) Group. The floats will be on display at the seafront of Macao Science Center from 27 January (10 p.m.) to 1 February (5 p.m.), and following that, on display at Tap Seac Square from 1 February (10 p.m.) until 8 February (6 p.m.). Local residents and visitors can freely enjoy the sight of the floats.










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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...