Wednesday, December 9, 2020

 COVID-19 spread will continue' - The Hindu

Dr.Krishna Reddy Nallamalla, Country Director, ACCESS Health India.

 

Understanding Vaccine Effectiveness

 

There has been a flurry of press releases on vaccine effectiveness. There is a risk of misunderstanding these numbers by lay people. Multiple factors influence the risk of developing Covid-19 illness. These include

 

innate immunity (first defense response when the body is exposed to any foreign organism),

potential cross-immunity from prior exposure to other coronaviruses that cause the common cold,

quantum of virus exposure, whether a person is following containment measures like face masking,

hand hygiene  

and

social distancing, age, gender, presence of other comorbidities, and the degree of immune response mounted by a person.

 

It is also important to understand whether the vaccine is effective in preventing the development of illness, reducing duration of hospitalization, need for ventilation, or death. For example, chloroquine was demonstrated not effective in either preventing infection or reducing the severity of illness. Remedesivir was effective in reducing only duration of hospitalization and was not effective in preventing progression to ventilation or death. Whereas steroid drugs were the only ones effective in reducing deaths in patients with falling oxygen levels.

 

To demonstrate effectiveness, vaccines are compared with a placebo (a formulation that is inert but looks like the vaccine). For example, in a study vaccine is given to 20,000 healthy people and a placebo is given to another 20,000 healthy people. All people are followed up meticulously. Some of these people may develop Covid-19 over a period of time. Supposing 100 (0.5%) people who received a placebo and 10 (0.05%) people who received a vaccine develop Covid-19 illness, it implies that vaccine might have prevented Covid-19 illness in 90 more people out of 100 at risk of developing, translating to 90% effectiveness.    

 

Another caveat is that people in both groups should compare well in terms of other variables that can influence development of illness. These include gender, age, presence of comorbidities, socio-economic status, living conditions, face masking, geography, etc. Randomization methods adopted by all vaccine studies will, in general, ensure comparability of both the groups.

 

While effectiveness is one of the measures, how long the protection lasts is yet to be answered. Whether the duration varies with type of vaccine – mRNA, virus vector (human or simian adenovirus), inactivated virus, component, attenuated vaccine – is also not yet known. How each vaccine behaves when the virus mutates will also vary depending upon the type of vaccine.

 

Vaccines also differ in their cost, route of administration, number of doses, and temperature stability.       

 

Dr. Krishna Reddy Nallamalla

Country Director, ACCESS Health International

President, InOrder.

 

 

 

 

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a. 212, The Empire Business Centre, Empire Industries Ltd. 414, Senapati Bapat Marg, Lower Parel, Mumbai - 400013.

 

t. + 022-66907392-93

 

m. + 91 98331 66702 e. prashant@integral-india.in

 

w. www.integral-india.in

 

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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...