Friday, October 6, 2023

WiStride Launches B2B App to Ease Challenges of Pharma Biz

 WiStride Launches B2B App to Ease Challenges of Pharma Biz

Co-Founder, WiStride  Salim Shaikh    Dr. Madhu Talla    Ashwinder Singh Chowdhary.  

WiStride, the first-ever Intelligence-Powered, Integrated B2B Platform for active pharmaceuticalingredients (APIs), Intermediates and Raw Materials, launched its new digital platform at an event held at the Emerald Hall, Kohinoor Continental Hotel, Mumbai, on Friday (October 6 2023).

The Guest of Honour at the event was Mr Satish Khanna, Chairman, Fullife Healthcare, Ex-Group President, Lupin and Strategic Adviser, Author and Mentor. The Chief Guest for the event was Mr Rakesh Bamzai, President, India, Emerging Asia and Access Markets, Viatris, and CEO-MD, Mylan Laboratories Limited.

 Ashwinder Singh Chowdhary and Salim Shaikh, Co-founders, WiStride, officially launched the WiStride Digital Platform in the presence of senior professionals of the pharma industry.

 At the launch programme, Dr Madhu Talla, Co-Founder, WiStride, said, “As we launch WiStride, we’re not just introducing a platform, but we’re also ushering in a new era for the Pharma industry. WiStride is set to revolutionize the way pharma buyers and sellers navigate this landscape, creating a seamless journey that empowers both sides. It’s not just about transactions; it’s also about AI-enabled intelligence-powered transformation.”

 WiStride’s services include Wistride Edge and WiStride Commerce. WiStride Edge leverages the power of data intelligence to provide vital market intelligence that directly addresses the business challenges faced by clients. These insights are rooted in comprehensive global research, real-time market dynamics, and extensive domain expertise and state-of-the-art data science. This helps clients make agile and well-informed decisions. WiStride Commerce, dedicated towards transforming the pharmaceutical Business-to-Business (B2B) commerce landscape, aims to create a trusted and transparent ecosystem.

 WiStride Commerce is ready to connect buyers and suppliers through its new digital platform, leading to cost saving advantages and improved operational efficiency. The company will also offer Supply Chain Financing options to help fund working capital requirements for clients once they have identified the right partners using their platform.

About WiStride

WiStride, established in November 2022, was founded with the intent of revolutionizing the active pharmaceutical ingredient (API) landscape within the pharmaceutical industry. The company specializes in delivering tailored data inputs and actionable insights to its clients, enabling them to make informed decisions rooted in ‘Wisdom’ and take confident steps, or ‘Strides’, toward achieving product excellence.

www.wistride.com


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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...