MTAR Technologies Ltd. Public Offering of Equity Shares opening on March 3, 2021

 

   Mr. P Srinivas Reddy, Promoter & Managing Director, MTAR Technologies Ltd.

·         Price Band of Rs. 574 – Rs. 575 per equity share of face value of Rs. 10 each (“Equity Share”)

·         Bid/Offer Opening Date – Wednesday, March 3, 2021 and Bid/Offer Closing Date – Friday, March 5, 2021

·         Minimum Bid Lot is 26 Equity Shares and in multiples of 26 Equity Shares thereafter

·         The Floor Price is 57.40 times the Face Value of the Equity Shares and the Cap Price is 57.50 times the Face Value of the Equity Shares.

 

Mumbai, February 25, 2021: MTAR Technologies, a Hyderabad based precision engineering solutions company engaged in the manufacturing and development of mission critical precision components and critical assemblies catering to clean energy, nuclear and space and defense sectors, will open the Bid/Offer period in relation to its initial public offering of Equity Shares (the “Offer”/ “IPO”) on Wednesday, March 3, 2021 and close on Friday, March 5, 2021. The price band for the Offer has been decided at Rs. 574 – Rs. 575 per Equity Share. The Company and the Selling Shareholders may, in consultation with the book running lead managers (the “BRLMs”), consider participation by Anchor Investors which shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Tuesday, March 2, 2021. MTAR has, in consultation with the Book Running Lead Managers, undertaken a Pre-IPO Placement of 1,851,851 Equity Shares, aggregating to Rs. 100 cr with Axis and SBI mutual funds.

The IPO is a fresh issuance of upto 21,48,149 equity shares, of Rs 10 face value, aggregating up to 124 Cr and an Offer for sale of up to 8,224,270 equity shares aggregating up to Rs 473 cr, of face value of Rs 10 each, by Selling Shareholders. The Company proposes to utilise the Net Proceeds from the Fresh Issue towards repayments of borrowings by the Company, funding working capital requirements and for general corporate purposes.

The Company’s key strength lies in its engineering capabilities which has enabled it to consistently offer quality complex precision manufactured assemblies and components to its customers in highly-valued strategic and key sectors like clean energy, nuclear, and space and defense segments. MTAR Technologies’ key portfolio comprises of three kinds of products in the clean energy sector, 14 kinds of products in the nuclear sector and six kinds of products in the space and defence sectors. Delivery of complex products with stringent quality requirements within stipulated timelines in majority of cases has earned MTAR a long-standing relationship with its customers such as Nuclear Power Corporation of India Limited (“NPCIL”), the Indian Space Research Organisation (“ISRO”), the Defence Research and Development Organisation (“DRDO”), and Bloom Energy (USA).

JM Financial and IIFL Securities are appointed as the BRLMs to the Issue.

The Offer is being made through the Book Building Process and in compliance with Regulation 6(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, the “QIB Portion”). Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations subject to valid Bids being received from them at or above the Offer Price.

Virtual 17th Edition of Stuttgart Meets Mumbai Wine Festival Gets Underway

 

·         The first-ever virtual Wine Festival celebration reinforces the partnership between the states of Maharashtra and Baden-Wuerttemberg

·         The festival marks 53 years of friendship between the twin cities of Mumbai and Stuttgart

 

Mumbai, 23 February 2021 –The 17th wine festival was inaugurated virtually by Mr Andreas Lapp, Honorary Consul of the Republic of India for Baden-Wuerttemberg. The 17th “Stuttgart meets Mumbai” wine festival 2021 is a virtual festival conducted between 22 and 28 February 2021 by Mr Andreas Lapp, an eminent businessman and Honorary Consul of the Republic of India for Baden-Wuerttemberg and Rhineland-Palatinate. The twin cities of Stuttgart and Mumbai are celebrating the 53rd anniversary of their partnership. The celebration witnesses the participation of high-level decision-makers from politics, education, culture and business sectors. The festival is a social event with the focus on bringing together the two cities (Stuttgart and Mumbai), the two states (Baden-Wuerttemberg and Maharashtra) and the two nations (Germany and India).

Andreas Lapp, said, “We may be 6,500 km apart, but, Stuttgart and Mumbai have grown closer over time. The wine festival is a significant annual event that strengthens the relationship and collaboration between the two cities. Even though the pandemic has made it difficult to meet people in person, technology has enabled us to bridge the distance by connecting and celebrating the festival virtually. I feel ecstatic to be celebrating the 17^th edition of the festival virtually for the first time.”

 Delegates, such as Mr Anil Vasantrao Deshmukh, Cabinet Minister for Home Affairs at the Government of Maharashtra; Dr Frank Nopper, Lord Mayor of the city of Stuttgart; Dr Frank Mentrup, Lord Mayor of the city of Karlsruh, Dr Juergen Morhard, Consul General for the Federal Republic of Germany in Mumbai; will participate.

The seven-day event will have programmes scheduled in the morning and evening to encourage people to participate across two different time zones.

“The Stuttgart meets Mumbai” wine festival will host an intercultural festival with a virtual exhibition, interactive webinars and networking sessions for the participants. German and Indian artists will showcase various projects with the slogan “Keeping in touch” for the cultural programme. The results of the projects will be presented for the first time to the public at “Stuttgart meets Mumbai.” The virtual event will also host a webinar by LAPP India on the” Global Trends in Smart Factory” by Mr Georg Stawowy, Chief Technical Officer and member of the board.

The Indian Honorary Consulate in Stuttgart undertakes initiatives, similar to "Stuttgart meets Mumbai" to bridge the cultural, social, political and economic environment between the two countries.

It will be a week-long festival. To register, please log onto www. stutttgarmeumbai.com.

Watch Ronit Roy unveil the emotions behind crime on Shemaroo TV’s new show – ‘Jurm aur Jazbaat’

 

~ Shemaroo TV’s original production promises to be an exciting crime thriller~

 

Mumbai, 22nd February 2021: Shemaroo TV, the high quality Free to Air channel from the house of Shemaroo Entertainment is all set to launch its first original show titled, ‘Jurm aur Jazbaat’. The channel has roped in the popular face of Indian Television Mr. Ronit Roy as the host of the show and will be seen in a completely new avatar, interpreting the emotions behind every crime. Jurm aur Jazbaat becomes the first ever crime show that will decode and understand the unique emotions behind the crime committed. The concept of the show revolves around uncovering the deep dark emotions and interpret the actions taken which lead to crime.

To bring in a different flavour in the crime thriller genre,  Shemaroo TV did an extensive survey to deep dive and uncover the fact, how emotions control our actions. The survey surfaced some interesting and intriguing data points which led to the conceptualisation of the show – Jurm aur Jazbaat. More than 75% of the total respondents believe that Crimes/ criminal behaviour is often driven by varied human emotions. Whereas 86% of the audiences believe that crimes driven by emotions have become much more common in our society today than a decade ago. Ego and Greed came out as the top 2 triggers that lead to crime basis the survey. The channel also made sure that the viewers relate to the stories and the episode plots. The show has been shot in the hinterlands of India making the connect much stronger than ever with audiences.

Commenting on the launch of the show, Ronit Roy, added, “Jurm aur Jazbaat is a special one for me as I will be returning to my TV audiences after a gap of 5 long years. Moreover, I believed in the concept and uniqueness of the show and how it dwells into the reasons behind the crime. The fact that it will be airing on Shemaroo TV is another feather to the cap, since the channel is a Free To Air channel with great reach. I am sure the audiences will enjoy my new show as much as I have loved shooting for it.”

The channel has been constantly refreshing its programming line-up and bringing in popular high rated shows for the television audiences. Shemaroo TV has recently added three new high impact properties to its gamut of multi genre line up of shows which includes Suhani Si Ek Ladki, Code Red and Ek Boond Ishq as a part of the 2021 content offering.

Shemaroo TV is available for free viewing across all leading distribution networks and platforms and can easily be accessible on all DTH, Cable TV and DD Free dish networks.

The show Jurm aur Jazbaat goes on air on 23rd February, 2021, viewers can tune in every Monday to Friday at 10 PM and watch the repeat telecast at 12 noon.

CANARA BANK ORGANIZES MEGA RETAIL EXPO IN MUMBAI

 

CANARA BANK ORGANIZES MEGA RETAIL EXPO IN MUMBAI

Mumbai, 22^nd February 2021: Canara bank organized a mega retail expo camp at Gala Auditorium, Patuck Campus in Santacruz (East) today. The expo had players across industries which included leading and renowned builders and developers, major automobile dealers, premier educational institutions in and around Mumbai. Parallel to this, the bank also conducted similar expos in Nehru Science Centre, Worli - South Mumbai and Celebration Banquet Hall, Thane on the same day.

The expo was graced by Shri. R P Jaiswal, General Manager, Retail Asset and Marketing, Head office - Bangalore, Shri. P Santosh, Chief General Manager - Mumbai Circle, Shri. Manoj Kumar Das, Deputy General Manager, Regional office-I, Shri. Pravin Kabra, Deputy General Manager - Regional office II, and Smt. K B Geetha, Deputy General Manager , Regional office – Thane among the other dignitaries.

The dignitaries went around the expo interacting with the customers and visited the stalls at the expo. The retailers present at the expo displayed salient features of their products through their stalls. A total loan amount of Rs. 224.30 Crores were sanctioned through the three expos held today.

Along with the expo, Canara Bank also associated with Nanavati Hospital to provide free health check-up to the attendees of the expo. The bank followed all the COVID-19 precautionary norms like thermal scanning at the entrance, provision of masks and sanitization stations, strict social distancing protocol, and staggered entry.

इरॉस नाऊ प्रस्तुत करत आहे सोनाली कुलकर्णी आणि सुमित गुट्टे अभिनीत ‘पेन्शन

 ’

एका मुलाची निरागस जीवन कहाणी दाखवणाऱ्या प्रवासाची एक अनोखी कथा

https://youtu.be/_a3uIGI42MA

इरॉस नाऊ ने आज आपल्या ओरिजिनल चित्रपट ‘पेन्शन’ची घोषणा केली असून यात सोनाली कुलकर्णी आणि सुमीत गुट्टे यांच्या प्रमुख भूमिका असणार आहेत. या चित्रपटाचा प्रीमिअर २४ फेब्रुवारी २०२१ ला इरॉस नाऊ होणार आहे. ‘पेन्शन’ ही इंद्र नावाच्या मुलाची अतिशय विलोभनीय कथा असून त्याचा लहानपणापासून तरुणपणापर्यंतचा प्रवास यात पाहायला मिळणार आहे. या प्रवासात घडणारे अनपेक्षित प्रसंग, आपण असे घडू यावर इंद्राचा विश्वास बसणार नाही असे त्याचे नशीब त्याला कसे घडवते ती कथा म्हणजे पेन्शन.

पुंडलिक यशोदा लक्ष्मण धुमाळ यांनी दिग्दर्शित केलेला ‘पेन्शन’ हा चित्रपट इंद्राच्या वेगवेगळ्या ट्विस्ट आणि घटनांनी भरलेल्या जीवनाच्या प्रवासाविषयी उलगडा करणारा चित्रपट आहे. विचारसरणीच्या सादरीकरणात प्रेक्षकांचे मनोरंजन करत असताना त्यांच्या जीवनाबद्दल आणि त्याच्या रहस्यमय मार्गांबद्दल खूप विचार करावा लागतो. निखळ मनोरंजन आणि नाटकांची दुर्मिळ रचना, पेन्शनमधील नायकाच्या प्रवासाचे वेगवेगळे स्तर पाहताना प्रत्येकाच्या चेहऱ्यावर  हास्य आणेल.

या चित्रपटाबद्दल सोनाली कुलकर्णी म्हणतात, " पेन्शन ही आयुष्याबद्दलची एक मार्मिक कथा आहे. प्रत्येक सीन विचारपूर्वक आणि संवेदनशीलतेने या चित्रपटात चित्रित करण्यात आला आहे. ही एक भावस्पर्शी कहाणी आहे जी आपल्याला साधेपणा आणि निरागसतेचे मूल्य प्रभावीपणे सांगते. मी सर्वात अर्थपूर्ण प्रकल्पांपैकी एकाचा भाग आहे, हे मी माझे भाग्य समजते."

‘पेन्शन’ मुलाची निरागसता दर्शवते जेव्हा तो तारुण्याकडे प्रवास करत असतो. जीवनातील वेगवेगळी आव्हाने आणि त्यावरचा विजय जे आपल्याला एक मनोरंजक कथा दाखवतात आणि पेन्शन हे हृदयस्पर्शी पद्धतीने सादर करते.

पहात रहा! पेन्शन पाहण्यासाठी ट्यून इन करा २४ फेब्रुवारी २०२१ रोजी फक्त इरॉस नाऊ वर!

Wire & Cable Manufacturer, V-Marc files for IPO First manufacturing Company from Uttarakhand to be listed on NSE Emerge

 

 

February 19, 2021: Haridwar based, Wires and Cables manufacturer, V-Marc India Ltd, has filed its document with the regulator for an Initial Public Offering of upto 68,40,000 Equity Shares of Face Value of Rs 10 per equity share. As per market sources, the company plans to raise about Rs. 25 - 30 crores. The company may consider to do a private placement of 8,40,000 equity shares subject to consideration and consultation of the Book Running Lead Manager.

The company intends to utilize the net proceeds from the issue to fund the capital expenditure for its proposed new manufacturing facility at Roorkee to the tune of Rs. 15.00 crore, for working capital requirements to the tune of Rs. 5.00 crore and balance for general corporate purposes.  

The company has an operating history of around 15 years and manufactures and markets BIS and CE certified wires and cables under the brand name “V-MARC” out of its 2 manufacturing facilities in Haridwar, Uttarakhand. The Company sells their products through a diversified sales & distribution mix, majorly by 1) securing government tenders for supply to government projects 2) supply to EPC contractors for turnkey projects and 3) their dealer & distribution network of more than 650 dealers and direct sales to few private companies. It has widespread domestic presence through its customers spread over 21 states. It caters to a diverse customer base comprising government companies, PSUs, retailers, distributors, dealers and contractors across industries including power, real estate, telecom and railways.

In FY 20 the company had a revenue from operations of Rs 171.24 cr with an EBITDA of Rs. 1304.95 lakhs and PAT of Rs. 464.60 lakhs

The wires and cables industry which consists of power cables, building wires, telecom cables, control & instrumentation cables, optical fiber cables and other cables is projected to grow at a CAGR of 11% and is a direct beneficiary of development of power generation and distribution and infrastructure and comprises a share of 40% of the electrical industry in the India.

The proposed equity shares are to be listed on the Emerge Platform of the National Stock Exchange.

The issue is lead managed by Pantomath Capital Advisors Limited. SME market which saw a lull in the past two years due to the market conditions and economic scenario, is gearing up once again to be revived with interesting companies filing for an IPO on SME Exchanges. The past six months saw bumper listings of many large companies on the Main Board which indicates positive market sentiments and should be a boost for SME markets as well in the coming year.

"मला विविध भाषा आणि लोकांपर्यंत पोहोचायला मिळते आहे यासाठी मी स्वत:ला नशीबवान समजते." आगामी चित्रपट ‘लायगर’ बाबत अनन्या पांडे ने व्यक्त केल्या भावना.

 

"मला विविध भाषा आणि लोकांपर्यंत पोहोचायला मिळते आहे यासाठी मी स्वत:ला नशीबवान समजते." आगामी चित्रपट ‘लायगर’ बाबत अनन्या पांडे ने व्यक्त केल्या भावना.  

‘लायगर’चित्रपटातून अनन्या पांडे चक्क एक दोन नव्हे तर तमिळ, तेलगु मल्याळम आणि कन्नडा अशा चार महत्त्वाच्या  चित्रपट सृष्टीत प्रवेश करत आहे. एका युवा अभिनेत्रीसाठी ही खूप मोठी गोष्ट आहे. पैन-इंडिया चित्रपट 'लायगर’ मध्ये अनन्या पांडे घातक शस्त्र आणि धमाकेदार एक्शनमध्ये दिसणार आहे.  

यावर आनंद व्यक्त करताना अनन्या पांडे म्हणते की, "नक्कीच! ही माझ्यासाठी आनंदाची आणि अभिमानाची गोष्ट आहे आणि मी या साठी अतिशय उत्साहित आहे. मी दोन वर्षांपूर्वी हिंदी चित्रपट सृष्टीतून सुरुवात केली होती आणि ‘लायगर’च्या निमित्ताने मी इतर चार महत्त्वाच्या चित्रपट सृष्टीत प्रवेश करणार आहे. ही चौपट आनंदाची गोष्ट आहे. त्यासोबतच चौपट धाकधुक देखील आहे जणू पोटात फुलपाखरे उडत असल्याची जाणीव होते आहे. मला वाटते की जग लहान झाले आहे. आपला भारत एक असा देश आहे ज्यामध्ये इतक्या संस्कृति आणि खूप सारे प्रेम सामावले आहे विविध भाषा आहेत आणि सध्या ओटीटीमुळे खूप साऱ्या संधी निर्माण होत आहेत. एक ठराविक अशी सीमाच नाहीये. ‘लायगर’च्या निमित्ताने मला विविध भाषा आणि लोकांपर्यंत पोहोचायला मिळते आहे यासाठी मी स्वत:ला नशीबवान समजते."

अनन्याला 'लायगर'च्या प्रदर्शनाची घोषणा होण्यापूर्वी आपण तेलुगु मध्ये संवाद साधताना पहिले होते. अनन्या और विजय देवरकोंडा एक ताजी जोड़ी यानिमिताने भेटीला येते आहे आणि हे म्हणणे नक्कीच योग्य ठरेल की दोघांचाही व्यापक फैन बेस आणि लोकप्रियता पाहता ते या शो सोबत चर्चेत आहेत. या दोघांनाही आपण नेहमीच एकमेकांचे कौतुक करताना पाहिले आहे.

पैन-इंडिया प्रदर्शित होणाऱ्या या चित्रपटातील सर्वात युवा अभिनेत्रीचा हा आगामी चित्रपट 'लायगर' पुरी जगन्नाथ यांच्या दिग्दर्शनाखाली तयार होत आहे तसेच, शकुन बत्राच्या दिग्दर्शनात तयार होणाऱ्या चित्रपटात अनन्या दीपिका पादुकोण आणि सिद्धांत चतुर्वेदी सोबत दिसणार आहे.