Showing posts with label Angel Broking partners with Vested Finance empowering Indians to invest in US-based stocks. Show all posts
Showing posts with label Angel Broking partners with Vested Finance empowering Indians to invest in US-based stocks. Show all posts

Friday, February 26, 2021

Angel Broking partners with Vested Finance empowering Indians to invest in US-based stocks

 Angel Broking partners with Vested Finance empowering Indians to invest in US-based stocks

Now, Angel Broking customers can bring geographical diversification to their investments
with 0% commission!

 

Mumbai, February 25, 2021: Angel Broking announces the launch of international investments for Indian investors with its ‘Vested Finance’ partnership, making investments in U.S.- stocks, and ETFs easy at the touch of a button.

 

The tie-up with Vested Finance adds to the suite of services offered by Angel Broking. Some of the advantages of this newly added service include the ability to invest in fractional shares, no minimum balance requirement, anytime withdrawal, and a quick and easy sign-up process.

 

Speaking on the development, Mr. Prabhakar Tiwari, Chief Marketing Officer, Angel Broking said, “The U.S. is one of the largest international markets with several global leaders listed across NASDAQ and Dow Jones. We are providing our customers an opportunity to gain access to the US Markets through Angel Broking Vested. It also offers investors the advantage of fractional investing, wherein any customer can purchase a fraction of stock at a corresponding price. Our latest tie-up will further empower our customers to drive thematic investments such as Artificial Intelligence and genome-editing technology CRISPR with pre-built portfolios.”

 

Mr. Vinay Agrawal, CEO, Angel Broking said, “U.S. stocks are lucrative for Indian customers not only because of the geographical diversification but also due to the currency depreciation. It adds to the overall returns. This is one of the reasons why the U.S. stock markets drive more than 50% of the global equity value. The nation is also home to multiple innovative market players with huge potential. With our Vested alliance, we are confident that our customers will make the most out of the prevailing market opportunity.”

 

Mr. Viram Shah, CEO, and Co-Founder at Vested Finance commented, “We have seen a growing interest among both the young and tech-savvy and the seasoned stock market investors alike in diversifying their portfolios into the US markets. We are glad to partner with Angel Broking as they have been at the forefront of providing easy access to digital investment opportunities to investors. With Angel Broking, we hope to make global investing more accessible to these Indian investors. At Vested, our aim is to allow investors to globally diversify their portfolio in the easiest manner possible and this partnership is the step in the right direction. We are excited to be leading the geographic diversification revolution in India.”


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...