Monday, April 1, 2024

SACHIN TENDULKAR BACKED RRP ELECTRONICS LTD UNVEILS SEMICONDUCTOR MILESTONE

 SACHIN TENDULKAR BACKED RRP ELECTRONICS LTD UNVEILS SEMICONDUCTOR MILESTONE WITH INAUGURATION OF CUTTING-EDGE FACILITY IN MAHARASHTRA

23rd March 2024 in Mumbai, Maharashtra – RRP Electronics Ltd, in a historic collaboration with a prestigious European consortium, proudly announced the inauguration of Maharashtra's pioneering semiconductor facility. This groundbreaking endeavour signifies a monumental leap forward, positioning Maharashtra as a global powerhouse in semiconductor innovation and manufacturing.



The 25,000 sq ft facility witnessed the esteemed presence of Dr Anil Kakodkar, renowned Indian nuclear physicist and mechanical engineer and legendary cricketer and global cricketing icon Mr. Sachin Tendulkar along with Mr Rajendra K Chodankar - the Founder, Promoter, Chairman and CEO of RRP S4E Innovative Pvt. Ltd. (RRP S4E) officiated the ceremony.


This momentous occasion heralds the dawn of a transformative era in India's technological landscape. The state-of-the-art OSAT facility is poised to catalyze future growth, paving the path towards establishing a comprehensive R&D centre and an expanded setup encompassing multi-line OSAT and a Fab foundry, bolstered by unwavering support from the Maharashtra Government.


Embarking on a journey of innovation, RRP Electronics Ltd pledges an initial investment of INR 5,000 crores over the forthcoming five years, with equal vigour and commitment earmarked for phase II. The company remains steadfast in its pursuit of leveraging government subsidies to augment this ambitious venture.



In alignment with its steadfast commitment to excellence, RRP Electronics Ltd remains dedicated to serving key sectors such as automotive, power, electronics, and industrial markets, while concurrently propelling advancements in semiconductor-based technology. This ethos of innovation is poised to redefine industry benchmarks and propel the nation to unprecedented technological zeniths.


As a vanguard in the electronics industry, RRP Electronics Ltd epitomizes a relentless pursuit of technological advancement through strategic partnerships, innovation, and unwavering dedication to research and development. The inauguration of this cutting-edge facility underscores RRP's pivotal role in shaping the trajectory of semiconductor technology, not only in India but on a global scale.


Mr Rajendra K Chodankar - the Founder, Promoter, Chairman and CEO of RRP S4E Innovative Pvt. Ltd. (RRP S4E) says “I am exhilarated by the unveiling of Maharashtra's pioneering semiconductor facility by RRP Electronics Ltd. This momentous occasion not only marks a significant stride in our technological journey but also symbolizes our unwavering commitment to driving innovation and shaping the future of semiconductor technology. With this monumental endeavour, we stand poised to revolutionize the industry landscape, cementing Maharashtra's position as a global leader in semiconductor innovation. Together, we embark on a journey of relentless pursuit towards excellence, propelling RRP S4E and the nation to unparalleled heights of technological prowess and prosperity” further adding ”We are honoured to have Mr. Sachin Tendulkar as the strategic investor, he brings a great amount of value addition”



Dr Anil Kakodkar, renowned Indian nuclear physicist and mechanical engineer quotes, ”The inauguration of Maharashtra's pioneering semiconductor facility marks a quantum leap in India's technological prowess. I am honoured to be part of this transformative journey, propelling our nation towards unparalleled innovation and global leadership in semiconductor technology”


Sachin Tendulkar says “We live in exciting times today, when India is building industries that positively impact the world tomorrow. I’m happy to be backing technologies and entrepreneurs who are part of this story. My support for RRP Electronics’ foray into semiconductors stems from this belief. I wish the team at RRP Electronics all the very best for their endeavours”



Caption- RRP Electronics Ltd lays foundation of Maharashtra’s first-of-its-kind semiconductor facility, a joint venture with a prestigious European consortium. Dr Anil Kakodkar, Mr. Sachin Tendulkar along with Mr Rajendra K Chodankar officiated the ceremony.

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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...