Showing posts with label # Press Release: Macao Government Tourism Office (MGTO) India conducts an Informative Webinar to showcase Macao's MICE & Wedding Offerings. Show all posts
Showing posts with label # Press Release: Macao Government Tourism Office (MGTO) India conducts an Informative Webinar to showcase Macao's MICE & Wedding Offerings. Show all posts

Tuesday, December 15, 2020

 Press Release: Macao Government Tourism Office (MGTO) India conducts an Informative Webinar to showcase Macao's MICE & Wedding Offerings

 image.pngMACAO GOVERNMENT TOURISM OFFICE (MGTO) INDIA CONDUCTS AN INFORMATIVE WEBINAR TO SHOWCASE MACAO’S MICE & WEDDING OFFERINGS

Mumbai, 14th December 2020: Macao Government Tourism Office (MGTO) India recently hosted an interesting webinar in collaboration with Experiential Planner on ‘MICE and Destination Weddings in Macao’ through two insightful panel discussions. The eminent panel of speakers addressed the MICE & weddings opportunities and strengths of Macao as a versatile destination for all kinds of events.

The topics of the discussions were ‘Insights into the successful MICE programs in Macao’ and ‘Celebrated Weddings in Macao’, wherein panelists from the event planning industry and the Wedding planners shed light on their own experiences of conducting events in Macao and what the destination holds for the MICE & Wedding sector.

Whilst sharing their wonderful personal experiences, the panelists highlighted how Macao is an ideal destination for the MICE & wedding sector giving an opportunity to do business at leisure surrounded by luxury.

Speaking on why Macao qualifies as an ideal MICE and wedding destination, Navneeth Mohan, Director & CEO, Laqshya Live Experiences-India, commented, “Macao is one of my favorite destinations for corporate events. The primary thing I have to say is that there is something about Macao which is exclusive. For Indian corporate groups, it’s just not about the destination but also about how you can surprise your guest at this destination to create unforgettable memories for them. With brilliant hotels, venues, and great service, Macao has all the potential and is a fantastic destination for host MICE events. It’s a pearl in the East, truly to be explored and post the pandemic, I am sure it will create an even bigger impact amongst Indian travelers.”

Oum Product, Founder & Managing Director, Phase 1 Events said, “What do we Indians would prudently need? We want easy access, visa on arrival, accessibility and What’s most important than that is you need a great nightlife, great conventional centers, delicious cuisine, great hotels, a little bit of culture, architecture, history. You name it and Macao has it all. Love every bit of this destination and I’ve always had some great experiences. It’s a dream destination for any event management company to do an event in Macao for all the good reasons. The people are warm and the city interactive with the option to discover its secrets through technology and games. Macao is authentic, on point, and for everyone”

Continuing the reminiscence of Macao, the second panel consisted of experts from the wedding industry. Being a famous destination, Macao can be termed as an apt venue for weddings, given the logistics, inventory, easy connectivity, and well-organized destination.

Expressing his view on the celebrated weddings in Macao, Mahindra Gangadharan, Managing Director, Nefertiti commented, “I guess it’s every planner's delight to do something in Macao. It’s just not weddings but everything that happens along with weddings, when you go back you go back with wonderful memories. The logistics part is the easiest in Macao as everything is so well organized. Popular as the Las Vegas of the East, Macao is an exotic destination for Indian weddings with a blend of nightlife and history for the nuptials is definitely worth considering.”

Macao offers exceptional venues for social and corporate functions, where conferences can be seamlessly paired with networking events, rightfully justifying the destination’s tagline ‘Experience Macao Your Own Style’. Although given the current pandemic situation, there are still restrictions on travel & events, this informative webinar shared some great insights on how Macao can be better prepared when business tourism returns.



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...