Tuesday, August 8, 2023

GEM & JEWELLERY EXPORT PROMOTION COUNCIL

 GEM & JEWELLERY EXPORT PROMOTION COUNCIL



Commerce Secretary Shri Sunil Barthwal Engages with International Delegates, and the GJEPC board at IIJS Premiere, World’s second-largest Gem and jewellery trade fair in Mumbai

Shri Sunil Barthwal, Commerce Secretary, Department of Commerce, visited IIJS Premiere on 6th August at JWCC and NESCO, where he engaged in discussions with international delegations from several countries as well as the GJEPC Committee of Administration (CoA). The Secretary met with more than 150 international delegates attending IIJS Premiere 2023 with the aim of addressing trade challenges, exploring collaborative opportunities, and paving the way for enhanced exports. A few of the countries represented were Turkey, Iran, Nigeria, Vietnam, Cambodia, Thailand, UAE, Kuwait, Jordan, Japan, and Saudi Arabia. The meeting over lunch with the Council’s CoA touched upon issues such as Export Data Processing and Monitoring System (EDPMS), Duty Drawback, Duty Rationalization with neighbouring countries, Skill Development, Lab-grown Diamonds, Trade Shows and more.

Speaking exclusively at the show Shri Barthwal said, “IIJS is one of the largest exhibitions of gems and jewellery in the world, and we can take pride in what we are doing. This is a very important sector for the Government because it is highly labour-intensive. It generates a huge amount of creativity among our youth and it is linked to not only the people who are cutting and polishing but also designing jewellery. So I think this is one of the most versatile industries and it’s very important for us. As the Government, we’re looking at the whole value chain of gems & jewellery, right from mining to the final selling. In particular, we’re looking to develop the studded diamond jewellery segment which is at the higher value end.”

Shri Barthwal further added: "We take pride in the fact that India brings value addition to the diverse constituents of the global gem & jewellery industry. Our policies are allied not only to the people who are cutting & polishing diamonds but also those who are bullion traders or designing the jewellery; crafting jewellery and allied industries; the manufacturers and wholesalers in the chain; and those retailers who are selling it to the customer. We want to position India as a hub for training & educating the consumers & trade constituents across the whole value chain."

Shri Vipul Shah, Chairman of, the Gem and Jewellery Export Promotion Council (GJEPC), said, “We express our heartfelt gratitude to Sunil Barthwal, Commerce Secretary, Department of Commerce, for taking time out of his busy schedule and attending IIJS Premiere 2023 at both venues at JIO World Convention Centre and Bombay Exhibition Centre, Goregaon. Commerce Secretary’s visit has inspired all the trade constituents, especially the MSME jewellers who have participated wholeheartedly in IIJS Premiere 2023. The government has undertaken progressive reforms and several initiatives to boost exports while recognizing the labour-intensive nature of the gem & jewellery sector.  We are grateful to the Union Ministry for its continued support and cooperation with respect to policies on the domestic and international front.”

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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...