Ola Electric Mobility Limited’s Initial Public Offering to open on Friday, August 02, 2024, price band set at ₹72/- to ₹76/- per Equity Share

 

Ola Electric Mobility Limited’s Initial Public Offering to open on Friday, August 02, 2024, price band set at ₹72/- to ₹76/- per Equity Share

 

• Price Band of ₹72/- – ₹76/- per equity share bearing face value of ₹10/- each (“Equity Shares” or “Securities”)
• Bid/Offer Opening Date – Friday, August 02, 2024 and Bid/Offer Closing Date – Tuesday, August 06, 2024.
• Minimum Bid Lot is 195 Equity Shares and in multiples of 195 Equity Shares thereafter.
• The Floor Price is 7.2 times the face value of the Equity Share and the Cap Price is 7.6 times the face value of the Equity Share

 

Mumbai, July 29, 2024: Bengaluru-based Ola Electric Mobility Limited, a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components, has fixed the price band of ₹72/- to ₹76/- per Equity Share of face value ₹10/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, August 02, 2024, for subscription and close on Tuesday, August 06, 2024. Investors can bid for a minimum of 195 Equity Shares and in multiples of 195 Equity Shares thereafter.

The IPO consists of fresh issue of equity shares aggregating up to Rs 55,000 million and an offer for sale (OFS) of up to 84,941,997 equity shares by the Promoter Selling Shareholder, the Promoter Group Selling Shareholder and the Investor Selling Shareholders. The offer also includes a reservation for eligible employees

 

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The Equity Shares are proposed to be listed on BSE and NSE.

 

The Offer is being made through the Book Building Process, wherein not less than 75% of the Net Offer shall be available for allocation to Qualified Institutional Buyers, not more than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders.

These materials are not an offer for sale of the Securities in the United States. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer does not intend to register any portion of the offering in the United States or to conduct a public offering of Securities in the United States.

This communication does not constitute an offer of the securities to the public in the United Kingdom.  No prospectus has been or will be approved in the United Kingdom in respect of the securities.  This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom, or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”).  Any investment activity to which this communication relates will only be available to and will only be engaged with Relevant Persons.  Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

Seigall India Limited’s Initial Public Offering to open on Thursday, August 1, 2024, price band set at ₹380/- to ₹401/- per Equity Share

 

Seigall India Limited’s Initial Public Offering to open on Thursday, August 1, 2024, price band set at ₹380/- to ₹401/- per Equity Share

Mumbai, July 29, 2024: Ceigall India Limited, an infrastructure construction company, having completed over 34 projects across ten states in India with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, metros, expressways and runways, has fixed the price band of ₹380/- to ₹401/- per Equity Share of face value ₹5/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 1, 2024, for subscription and close on Monday, August 5, 2024. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.

The IPO consists of fresh issue of up to Rs 6,842.52 million and an offer for sale (OFS) of up to 1,41,74,840 equity shares by Promoter Selling Shareholders and Individual Selling Shareholder.

 

The proceeds from the fresh issue, to the extent of Rs 997.89 million will be used for purchase of equipment; Rs 4,134 million for repayment/ prepayment, in full or in part, of certain borrowings availed by the Company and its Subsidiary, CIPPL; and General corporate purposes.

 

Ceigall India is one of the fastest growing engineering, procurement and construction (“EPC”) company in terms of three-year revenue CAGR as of Fiscal 2024, among the companies with a turnover of over ₹ 10,000 million in Fiscal 2024 with over 20 years of experience in the industry. The Company has one of the highest year-on-year revenue growth of approximately 43.10% in Fiscal 2024 among its peers.

 

The Company has grown at a CAGR of 50.13% between Fiscals 2022 to 2024. Over the last two decades, the Company has transitioned from a small construction company to an established EPC player, demonstrating expertise in the design and construction of various road and highway projects including specialised structures across 10 states in India, according to a CARE Report.

The Ludhiana-based Company's principal business operations are broadly divided into EPC projects and hybrid annuity model (“HAM”) projects, spread across over ten states in India. As on June 30, 2024, the Company's Order Book was ₹ 94,708.42 million.

The Company has completed over 34 projects, including 16 EPC, one HAM, five O&M and 12 Item Rate Projects, in the roads and highways sector. Currently, it has 18 ongoing projects, including 13 EPC projects and five HAM projects which includes elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressway, runway, metro projects and multi-lane highways.

Ceigall India’s revenue from operations increased significantly by 46.48% from ₹ 20,681.68 million in the Fiscal 2023 to ₹ 30,293.52 million in the Fiscal 2024, primarily driven by increase in revenue from construction contracts, and revenue from sale of goods and materials and Finance income on financial assets carried on amortised cost, while the company recorded a significant increase in its profit for the year by ₹ 1,672.72 million in the Fiscal 2023 to ₹ 3,043.07 million in the Fiscal 2024.

ICICI Securities Limited, IIFL Securities Limited, and JM Financial Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

 

The Offer is being made through the Book Building Process, wherein not more than 50% of the net offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the net offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the net offer shall be available for allocation to Retail Individual Investors.

Notes for Reference:

Issue Size of the IPO based on the upper and lower end of the price band

	Fresh (Rs 684.25 crore)	OFS (1,41,74,840 equity shares)	Total
Lower Band (@Rs 380)	Rs 684.25 crore	Rs 538.64 crore	Rs 1,222.89 crore
Upper Band (@Rs 401)	Rs 684.25 crore	Rs 568.41 crore	Rs 1,252.66 crore

मनूने कांस्यपदक जिंकून रचला इतिहास, ऑलिम्पिकमध्ये नेमबाजीत भारतासाठी पदक जिंकणारी ठरली पहिली महिला

 

मनूने कांस्यपदक जिंकून रचला इतिहास, ऑलिम्पिकमध्ये नेमबाजीत भारतासाठी पदक जिंकणारी ठरली पहिली महिला

मुंबई (गुरुदत्त वाकदेकर) : रविवार २८ जुलै रोजी पॅरिस ऑलिम्पिकमध्ये मनू भाकरने कांस्यपदक जिंकून इतिहास रचला. हरियाणाची २२ वर्षीय नेमबाज चॅटॉरॉक्स नेमबाजी केंद्रात महिलांच्या १० मीटर एअर पिस्तूलच्या अंतिम फेरीत तिसरे स्थान मिळवून या खेळामध्ये पदक जिंकणारी पहिली भारतीय महिला नेमबाज ठरली. टोकियोच्या तीन वर्षांनंतर, भारतातील सर्वात प्रसिद्ध आणि प्रतिभावान नेमबाजांपैकी खेळाडूने तिची स्वप्ने पूर्ण केली आणि देशाला अभिमान वाटला. तिने जबरदस्त पुनरागमन करत कांस्यपदक जिंकले. महिलांच्या १० मीटर एअर पिस्तूल प्रकारात दक्षिण कोरियाच्या दोन खेळाडूंनी सुवर्ण आणि रौप्य पदक जिंकले.  ओ ये जिनने २४३.२ गुणांसह सुवर्णपदक जिंकले आणि किम येजीने २४१.३ गुणांसह रौप्य पदक जिंकले.

मनू भाकरने पात्रता फेरीत तिसरे स्थान पटकावले होते. यासह तिने नेमबाजीत भारताचा १२ वर्षांचा पदकांचा दुष्काळही संपवला. २०१२ लंडन ऑलिम्पिकमध्ये गगन नारंग आणि विजय कुमार यांनी नेमबाजीत पदके जिंकली होती. नेमबाजीतील भारताचे हे पाचवे पदक आहे. मनूपूर्वी चारही खेळाडू पुरुष होते. ती राज्यवर्धन सिंग राठोड, अभिनव बिंद्रा, गगन नारंग आणि विजय कुमार यांच्या क्लबमध्ये सामील झाली.

नऊ महिन्यांपूर्वी मनू भाकरचा १० मीटर एअर पिस्तुलसाठी भारतीय संघात समावेशही नव्हता. गेल्या वर्षी ती हँगझोऊ आशियाई क्रीडा स्पर्धेत खेळली होती, पण या स्पर्धेसाठी ती संघात नव्हती. एशियाडपूर्वी मनू भाकरने मागील सर्व वाद विसरून प्रशिक्षक जसपाल राणा यांच्याशी हातमिळवणी केली, यामागचे एक कारण म्हणजे १० मीटर एअर पिस्तुलमध्ये पुन्हा वर्चस्व प्रस्थापित करणे. एशियाडनंतर मनूचे समर्पण आणि जसपालची साथ कामी आली. मनूने १० मीटर एअर पिस्तूलच्या ऑलिम्पिक संघातच स्थान मिळवले नाही तर शनिवारी पात्रता फेरीत ५८० असा जागतिक दर्जाचा स्कोअर करून तिसरे स्थान मिळवून या स्पर्धेच्या अंतिम फेरीतही प्रवेश केला.

मनूने ५० हून अधिक आंतरराष्ट्रीय आणि ७० राष्ट्रीय पदके जिंकली आहेत. २०२१ च्या ऑलिम्पिकमध्ये ती सातव्या स्थानावर राहिली. २०२३ मध्ये मनूने आशियाई क्रीडा स्पर्धेत सुवर्णपदक जिंकले होते. पॅरिस ऑलिम्पिकमध्ये अनेक वैयक्तिक स्पर्धांमध्ये भाग घेणारी २१ सदस्यीय भारतीय नेमबाजी संघातील ती एकमेव खेळाडू आहे. हरियाणातील झज्जर येथे जन्मलेल्या मनू भाकरने शालेय जीवनात टेनिस, स्केटिंग आणि बॉक्सिंगसह अनेक खेळांमध्ये भाग घेतला. बॉक्सिंग खेळताना मनूच्या डोळ्याला दुखापत झाली. यानंतर तिचा बॉक्सिंगमधील प्रवास संपला. तथापि, मनूला खेळाची वेगळी आवड होती, ज्यामुळे ती एक उत्कृष्ट नेमबाज बनण्यात यशस्वी झाली. आता तिने देशाचा गौरव केला आहे.

कधी कबड्डीच्या क्षेत्रात मनूने प्रवेश केला तर कधी कराटेमध्ये हात आजमावला. मनूने स्केटिंग, मार्शल आर्ट्स, कराटे, कबड्डी खेळण्याआधी नेमबाजीला आपली प्राथमिक पसंती म्हणून निवडले. वयाच्या १६व्या वर्षी, मनूने २०१८मध्ये आयएसएसएफ विश्वचषक स्पर्धेत भारताचे प्रतिनिधित्व केले आणि दोन सुवर्णपदके जिंकली. त्याच वर्षी मनूने कॉमनवेल्थ गेम्स आणि यूथ ऑलिम्पिक गेम्समध्ये भाग घेतला.  मनूने दोन्ही स्पर्धांमध्ये सुवर्णपदके पटकावली.

मनूचे वडील राम किशन भाकर यांनी तिला नेहमीच पाठिंबा दिला. तिला कोणत्याही खेळात प्रगती करण्याची परवानगी होती. अनेक विद्यार्थ्यांप्रमाणे मनूलाही ती नववीत असताना डॉक्टर व्हायचे होते. ती सुरुवातीपासूनच खेळात चांगली होती पण तिचे मुख्य लक्ष अभ्यासावर होते. १०वीच्या वर्गात मनूच्या आयुष्याला वेगळे वळण लागले, जेव्हा वर्गात अव्वल झाल्यानंतर तिची नेमबाजीसाठी राष्ट्रीय संघात निवड झाली. तिचे प्रशिक्षक अनिल जाखड यांच्या सल्ल्यानुसार, मनूने नेमबाजीचा एक प्रयत्न केला आणि १६ वर्षांची असताना ११व्या इयत्तेत आयएसएसएफ विश्वचषक, राष्ट्रकुल खेळ आणि युवा ऑलिम्पिक स्पर्धेत सुवर्णपदक जिंकून स्वतःचे नाव कोरले.

Shri Manoj Mittal takes charge as Chairman and Managing Director of SIDBI

 

Shri Manoj Mittal takes charge as Chairman and Managing Director of SIDBI

 

July 27, 2024:  Shri Manoj Mittal takes charge as Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI), following his appointment by the Government of India.

Shri Manoj Mittal has over 33 years of extensive experience in the Finance sector, including his previous tenures as Managing Director and CEO at Industrial 

 

Bikaji Foods International Ltd.

           

·         Revenue: +18.7% YoY; Gross margin at 33.9%; EBITDA margin at 16.0%

·         Volumes: +16.2 % YoY, led by double digit growth across categories

·         Markets: Focus markets have grown by 16.0 % YoY; while Core markets have grown by 14.3% YoY

·         Increased Direct Coverage by ~20.7k outlets in Q1; on track to reach 3.5 lakh outlets by FY25

 

Bikaner, 24^th July 2024:

Bikaji Foods International Limited (Bikaji), India’s third largest ethnic snacks manufacturer and the second fastest growing company in the Indian organized snacks market, today announced its financial results for the fourth quarter and year ended June 30^th, 2024.

 

Financial Overview

 

Q1FY25 Financial Performance Summary:                                   

• Revenue from operation grew 18.7% YoY to Rs. 5,722 mn with Volume growth of 16.2 % YoY
• EBITDA grew 39.2% YoY to Rs.916 mn with a margin of 16.0%
• Profit After Tax (PAT) grew 40.2% YoY to Rs. 581 mn

 

Q1FY25 Business Segments Review:

·         Ethnic Snacks: Revenue grew by 16.0% YoY; constitutes 75.3% of overall revenue

·         Packaged Sweets: Revenue grew by 12.3% YoY; constitutes 7.9% of overall revenue

·         Western Snacks: Revenue grew by 26.0% YoY; constitutes 9.8% of overall revenue 

·         Papad: Revenue grew by 14.0% YoY; constitutes 6.1% of overall revenue 

 

 

Deepak Agarwal

Managing Director,

Bikaji Foods International Limited.

“This quarter our company continued to demonstrate strong growth and financial resilience. We are pleased to report a 17.1% value growth in snacks category (traditional and western) with underlying volume growth of 18.5%. Traditional snacks which is our core strength, delivered a value growth of 16.0% and western snack delivered a healthy value growth of 26.0%. Our EBITDA for the quarter improved by 240 bps year-over-year, reaching 916 million, reflecting our commitment to operational efficiency and disciplined cost management. While raw material costs increased during the quarter, proactive hedging strategies mitigated the impact on our margins. Overall, this quarter marked by substantial achievements in volume growth and EBITDA performance. We are confident in our ability to navigate challenges and capitalize on opportunities as we progress towards our strategic objectives.