Monday, January 27, 2020

Starry turnout, wacky hairdos & Queen’s music - Shiva’s celebrates 32nd anniversary

In a glittering show filled with pomp and gaiety, Shiva’s Signature Salons celebrated their 32nd anniversary in the midst of a starry presence by Bollywood’s national award-winning director Madhur Bhandarkar and acclaimed film star Hrishittaa Bhatt.

“This is yet another milestone for Shiva’s, “ said Bhandarkar congratulating his close friend and proprietor of Shiva’s salons, Shivarama Bhandary or Shiva and his wife Anushree. “I wish Shiva’s celebrates many more anniversaries,” he said to a jam-packed audience attending the party in an open-air ground at a suburban hotel. Well-wishers, patrons, close friends, family and the over 300-member staff of Shiva’s that runs 20 salons were present.

The friendship between Bhandarkar and Shivarama Bhandary goes back a long way. Many years ago, when they had met for the first time Shiva’s consisted of only two salons and the noted filmmaker had made his first film, Chandni Bar.

South-Indian actor Sourabh Bhandary, Shiv Sena MP Rahul Shewale, Filmmaker Ashoke Pandit, owner of a media group Neeraj Gupta, Yogesh Lakhani of Bright Outdoor Pvt Ltd., Businessman Suresh Bhandary and many prominent people attended the celebrations.

“I wish Shiva’s a huge success and may they go from strength to strength,” added Bhatt, who is seen in a prominent role in her latest outing a web series, The Chargesheet.

The house of Shiva’s has scaled many heights with bespoke signature salons and spas and their own line of skin and beauty products called Shiva’s Trends. Recently, a memoir of Shiva’s life journey titled Styling at the Top was released. It is perhaps the first of its kind book on a hairstylist in India, published by Amaryllis, an imprint of Manjul Publishing House.

The fun-filled evening had a mix of Bollywood and funky music, jazzy dance performances, emotional skits and glitzy fashion shows choreographed by the husband-wife duo Mr. Girish and Meetali Dhoot. While Shweta Bhandary of Shiva organized the hair and make-up show, which had a display of the latest trend in beauty and styling of brides and grooms. The grand finale’s theme being wild and wacky had models appropriately walking the ramp to Queen and Freddie Mercury’s “We will, we will rock you…” number while displaying hairstyles of conical shapes, big spikes, huge hair rings, hair headgears, and hair attire too.

The highpoint of the show was two hairdos that clearly stood out and spoke of the times that we are living. Sported by two staffers as models, one depicted the symbol of peace on the hair, which evoked memories of the first prize won by Shiva, the World Peace Award in 1998 at the Salon competition in Mumbai. The second model had only two words carved out in his hair - NO WAR.

The message one took home after an exciting evening was - love peace and say no to war.








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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...