Monday, November 4, 2024

Indo-Korean Music Synergy: KOLAB’s Groundbreaking Collaboration for 2024

Indo-Korean Music Synergy: KOLAB’s Groundbreaking

Collaboration for 2024

The Indian Performing Right Society Ltd. (IPRS) and the Korean Music

Copyright Association (KOMCA) are thrilled to announce the upcoming Indo-

Korean Music Collaboration Programme, a one-of-a-kind initiative designed to

foster cultural exchange and create original cross-cultural music. Set to take place

from November 6th to November 12th, 2024, at the True School of Music,

Vijaybhoomi University Campus, Jamrung, Maharashtra, this event will bring

together 15 artists, 10 from across India and 5 from South Korea, to collaborate on

songwriting, composition, music production, and creative innovation. Blending

diverse musical influences, the programme aims to forge lasting artistic and industry

connections while introducing fresh, globally appealing music rooted in the rich

traditions of both Indian and Korean music.

KOLAB will offer a unique setting for participants to expand their creative horizons

through collaborative sessions guided by leading music creators such as Bunty

Bains and Mayur Puri who will serve as the Creative Directors. Throughout the week,

participants will merge their distinctive styles and ideas, infusing Indian rhythms with

Korean popular music influences to create songs that embody the vibrant cultural

exchange of both nations. The event will culminate in an exclusive listening session

on 13 th November in Mumbai, where the newly composed songs will be presented to

an audience of industry professionals, offering these artists valuable exposure,

feedback, and potential opportunities for broader reach and commercial success.

Commenting on the initiative, Mr. Rakesh Nigam, CEO of The Indian Performing

Right Society, said, “At IPRS, we are dedicated to creating a vibrant platform for

music creators, empowering them with global exposure and collaborative

opportunities that transcend borders. Our collaboration with KOMCA through KOLAB

is a testament to our commitment to cultural bridging, seamlessly connecting the rich

musical traditions of India and Korea. Furthermore, we stand firm in our mission to

protect the rights of artists, ensuring that their creative contributions are recognized

and rewarded. Together, we are not just promoting music; we are fostering a thriving,

interconnected community of artists.”

“Vijaybhoomi University is thrilled to host KOLAB — the first-of-its-kind Indo-Korean

Songwriting Program—on its scenic & green campus in Jamrung, Maharashtra.

Powered by the True School of Music at Vijaybhoomi, this seven-day residency will

bring together artists from India and South Korea, providing an inspiring setting for

creative expression and cross-cultural collaboration. Organized by the Indian

Performing Right Society and the Korean Music Copyright Association, this event

signifies a new chapter in the expanding Indian music industry, fostering stronger ties

between the two countries through the universal language of music”, said Mr. Vinay

Prabhakar, Dean, The True School of Music


Vijaybhoomi University.

“As curators of the Indo-Korean Song Camp, organized by IPRS in association with

KOMCA, we at Bunty Bains Productions are thrilled to guide and bring together

talented artists from India and Korea, This camp is a unique opportunity for artists to

blend their skills and cultural, background, creating fresh, innovative music that

bridges two rich musical traditions”, added Bunty Bains, Lyricist, Composer,

Producer & CEO of Bunty Bains Productions.


KOLAB’s vision extends beyond producing original cross-cultural music; it aims to

establish enduring collaborations between the Indian and Korean music industries.

By fostering relationships throughout the programme, KOLAB aspires to create a

foundation for ongoing artistic exchange and future creative partnerships,

highlighting the international appeal and significance of this initiative. Through

KOLAB, IPRS and KOMCA are paving the way for meaningful cultural exchange,

strengthening the growth of independent music, and building a global network of

creators that celebrates and sustains both musical legacies while driving innovation

in the industry.

About IPRS

The Indian Performing Right Society Ltd. (IPRS) is India’s only Copyright Society

representing the authors, composers and publishers of music. We make it simple for music

creators to get compensated for their work, and easy for music users to legally play music.

IPRS is an Association of Composers, Authors and Publishers of musical works and literary

works associated with such musical works. From a legal constitution perspective, IPRS

which came in existence in 1969 as a Company Limited by Guarantee and Registered under

the Companies Act, 1956 and is a non-profit making body. Our aim is to ensure our

members are duly compensated anytime their musical compositions and songs are

streamed, downloaded, broadcasted, performed, or played in public.

About KOMCA

Korea Music Copyright Association (KOMCA) is a non-profit organization established in

1964 to protect the rights of music copyright holders and to contribute to the development of

music culture.

In accordance with Article 105 of the Copyright Act (Permission for Copyright Trust Service)

and Article 47 of the Enforcement Decree of the same Act (Application for Permission for

Copyright Trust Service), KOMCA obtained approval for trust service from the Ministry of

Culture Sports and Tourism (February 23, 1988). It is to date the largest collective

management organization and professional body for trust management of music copyright in

Korea, where music copyright holders entrust copyright, licenses are granted to musical

works users and royalty is collected/distributed to the rightsholders.

KOMCA joined as an associate member of CISAC (International Confederation of Societies

of Authors and Composers) in April 1987. In 1995 it was promoted to a full member and in

October 2004, it hosted the CISAC World Congress, which is referred to as the Olympics of

the copyright industry, and accordingly the international recognition of KOMCA surged.


KOMCA, which in 2017 announced its full-fledged international appearance by holding the

CISAC Asia-Pacific Committee (the largest event held in Asia) in Seoul, was finally elected

as the Board of Directors which consists of only 20 organizations around the world at the

General Assembly in May 2019. Re-elected in May 2022, creators from across Asia-Pacific

convened in Seoul for the International Music Creators Seminar, APMA and APC organized

by KOMCA in collaboration with CISAC. In 2024, KOMCA successfully hosted the CISAC

General Assembly in celebration of its 60th anniversary in Seoul, along with various

meetings such as the Board of Directors, CIAM, APMA, APC and more.

About Vijaybhoomi University

Vijaybhoomi University is India’s first liberal professional university that aspires to offer

relevant and quality education. It engages in high-quality research in engineering, business,

law, science, and liberal arts. The university is based in Jamrung, Raigad and offers

programs under several schools including JAGSOM and TSM.

The True School of Music on the other hand focuses on educating aspiring musicians, music

producers, sound engineers, music teachers, and music business professionals, helping

them turn their passion in music into a long-term sustainable career. The school aims to

equip learners with the skills and knowledge needed to succeed in the Indian music industry,

which is expected to be among the top 10 Entertainment & Media markets in the world.

The university is devoted to nurturing holistic, socially responsible, and continuously

employable professionals who discover themselves and make a positive difference in the

world.

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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...