Monday, November 29, 2021

PRESS RELEASE > Actor Tusshar Kapoor Inaugurates 8th edition of the Mid-Day Auto Expo

 Actor Tusshar Kapoor Inaugurates  8th edition of the Mid-Day Auto Expo


The 8th edition of Mid-Day Auto Expo began with Bollywood actor Tusshar Kapoor inaugurating the expo followed by Actor Rajinesh Duggall lighting the lamp and actor Niharica Raizada also graced the occasion. Mid-Day Auto Expo, being the biggest extravaganza, and representation of India’s automobile industry, was slated to kick-start the excitement on 27th and 28th November, 2021.  It offers a different experience and it is a one-stop point that gives a peek into some of the most exquisite dream machines.


The Mid-Day Auto Expo provides a unique experience and the best part about the event is that it is a one-stop point that gives a peek into some of the most exquisite dream machines. Some of the participating brands included BMW, Mercedes, Jeep, Mini Cooper, Maruti Suzuki , Royal Enfield, Electric bikes.

Automobile enthusiast Tusshar Kapoor shares his love for cars and bikes where he added “Thanks to mid-day I got a chance to see some very interesting automobiles SUV and non SUV and some very amazing looking motorbikes like the Royal Enfield and I couldn’t decide which one was the better choice they all had their own unique characteristics and though I’m an SUV person I saw the Mini Cooper which was a really cute family vehicle and bikes were really tempting and the electric bikes were very inspiring because we are aiming towards a world at least in India where in most of our automobile will be non-carbon emitting electric vehicles by 2050 so there were some good stars in that direction and that was really inspiring. So thank you mid-day auto expo I feel very enthralled and after having gone through so many different kinds of cars and having gotten the chance to sit in them also and feel like a true well versed with all kinds of marvelous amazing automobiles and I feel like I’m at loss of words because experience was so enthralling and spectacular thank you again.”

Actor Rajniesh Duggall shared details about his love for automobiles and his favourite machines.
Rajniesh Duggall is a self-confessed automobile enthusiast. Speaking about the same, he said, "I love cars and motorbikes people like me who are automobile junkies, who like anything with wheels on them, we look forward to such events I also appreciate the fact that, Mid-Day is trying to put in such efforts to organize such grand events like auto expo I’m thrilled thank you Rahul and team for having me here and it was an amazing feeling and experience all together."

Talking about attending Auto Expo ‘Sooryavanshi’ actor Niharica Raizada  shared and praised the event she mentioned, ‘I am feeling happy to be here at  8th edition of Mid-Day Auto Expo. It was worth spending time for this event.  The best part of this event was to see some of the most fantastic cars and bikes with the advanced features.

The Mid-Day Auto Expo saw automobile enthusiasts making their way to Infiniti Mall Malad, over the weekend to check out amazing upgrades and additions to their favourite brands

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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...