जीके एनर्जी लिमिटेड का इनिशियल पब्लिक ऑफर शुक्रवार, 19 सितंबर से खुलेगा, प्राइस बैंड 145-153 रुपये प्रति शेयर

 

जीके एनर्जी लिमिटेड का इनिशियल पब्लिक ऑफर शुक्रवार, 19 सितंबर से खुलेगा, प्राइस बैंड 145-153 रुपये प्रति शेयर

 

• प्राइस बैंड 145 रुपये से 153 रुपये प्रति इक्विटी शेयर, जिसकी फेस वैल्यू 2 रुपये है 
• बिड/ऑफर खुलने होने की तारीख - शुक्रवार, 19 सितंबर 2025 
• बिड/ऑफर बंद होने की तारीख - मंगलवार, 23 सितंबर 2025  
• न्यूनतम बोली लॉट 98 इक्विटी शेयर है और इसके बाद 98 इक्विटी शेयरों के मल्टीपल में।

मुंबई, 16 सितंबर 2025: जीके एनर्जी लिमिटेड ने अपने इनिशियल पब्लिक ऑफर (आईपीओ या ऑफर) के लिए प्राइस बैंड 145 रुपये से 153 रुपये प्रति शेयर तय किया है, जिसकी फेस वैल्यू 2 रुपये है। यह आईपीओ 4000 मिलियन रुपये तक के नए इक्विटी शेयरों का फ्रेश इश्यू और 42,00,000 शेयरों का ऑफर फॉर सेल है।

आईपीओ 19 सितंबर 2025 को खुलेगा और 23 सितंबर 2025 को बंद होगा। निवेशक कम से कम 98 इक्विटी शेयरों के लिए बोली लगा सकते हैं और उसके बाद 98 शेयरों के मल्टीपल में बोली बढ़ा सकते हैं।

जीके एनर्जी लिमिटेड अपने आईपीओ से मिलने वाली राशि में से, इश्यू से जुड़े खर्चों को हटाकर, 3224.58 मिलियन रुपये का इस्तेमाल कंपनी की लंबी अवधि की कार्यशील पूंजी जरूरतों के लिए करेगी। बाकी राशि सामान्य कॉर्पोरेट उद्देश्यों के लिए इस्तेमाल होगी।

जीके एनर्जी लिमिटेड भारत की सबसे बड़ी कंपनी है, जो सौर ऊर्जा से चलने वाले एग्रीकल्चरल वॉटर पंप सिस्टम के लिए इंजीनियरिंग, खरीद और कमीशनिंग (EPC) सेवाएं देती है। यह सेवाएं केंद्र सरकार की प्रधानमंत्री किसान ऊर्जा सुरक्षा एवं उत्थान महाभियान (PM-KUSUM योजना) के तहत दी जाती हैं। 1 जनवरी 2022 से 31 जुलाई 2025 तक PM-KUSUM योजना के तहत लगाए गए सोलर पंप सिस्टम की संख्या के आधार पर कंपनी इस क्षेत्र में अग्रणी है (स्रोत: क्रिसिल रिपोर्ट)।

कंपनी किसानों को सोलर-पावर्ड पंप सिस्टम के लिए सर्वे, डिजाइन, आपूर्ति, असेंबली, इंस्टॉलेशन, टेस्टिंग, कमीशनिंग और रखरखाव की पूरी सेवा देती है। कंपनी को महाराष्ट्र, हरियाणा, राजस्थान, उत्तर प्रदेश और मध्य प्रदेश में PM-KUSUM योजना के लिए न्यू एंड रिन्यूएबल एनर्जी मंत्रालय द्वारा वेंडर के रूप में चुना गया है।

31 जुलाई 2025 तक, PM-KUSUM योजना के तहत सोलर-पावर्ड पंप सिस्टम के लिए दी जाने वाली सब्सिडी में महाराष्ट्र, हरियाणा, राजस्थान, उत्तर प्रदेश और मध्य प्रदेश का हिस्सा 86% था (स्रोत: क्रिसिल रिपोर्ट)।

कंपनी को विभिन्न राज्य सरकार योजनाओं के तहत भी शामिल किया गया है, जैसे महाराष्ट्र की मागेल त्याला सौर कृषि पंप योजना, मध्य प्रदेश की प्रधानमंत्री कृषक मित्र सूर्य योजना, और छत्तीसगढ़ की सौर सुजला योजना। कंपनी वर्तमान में मुख्य रूप से सौर ऊर्जा से चलने वाले पंप सिस्टम के लिए इंजीनियरिंग, खरीद और कमीशनिंग (EPC) सेवाएं प्रदान करती है, जिसमें प्रत्यक्ष-लाभार्थी बिक्री और अन्य को बिक्री शामिल है।

प्रत्यक्ष-लाभार्थी बिक्री में जीके एनर्जी के सौर ऊर्जा पंप सिस्टम की सेवाएं शामिल हैं, जो उन किसानों को दी जाती हैं जो राज्य सरकारों की एजेंसियों (जिन्हें स्टेट नोडल एजेंसी या स्टेट इम्प्लीमेंटिंग एजेंसी कहते हैं) के पोर्टल पर कंपनी को चुनते हैं। इनके तहत PM-KUSUM योजना या ऐसी ही राज्य सरकार की योजनाओं के लिए एजेंसियां कंपनी को ऑर्डर देती हैं। साथ ही, कंपनी स्थानीय सरकारी निकायों को सौर दोहरे जल पंप सिस्टम (जो सौर ऊर्जा से चलते हैं और पानी स्टोर करने की सुविधा रखते हैं) की सेवाएं भी देती है।

 

अन्य बिक्री में उन सौर ऊर्जा पंप सिस्टम की EPC शामिल है, जिनके ऑर्डर ग्राहक सीधे कंपनी के साथ देते हैं। कंपनी अन्य EPC सेवाएं भी प्रदान करती है, जिसमें जल जीवन मिशन के तहत शहरी स्थानीय निकायों के माध्यम से संचालित होने वाली जल भंडारण और वितरण सुविधाओं का निर्माण और स्थापना शामिल है। सरकारी एजेंसियों के लिए विभिन्न सौर उत्पादों की आपूर्ति और स्थापना के साथ  रूफटॉप सोलर सॉल्यूशन्स भी शामिल है।  इसके अलावा, कंपनी थर्ड पार्ट द्वारा निर्मित फोटोवोल्टिक (PV) सेल और सौर मॉड्यूल तथा अन्य विविध उत्पादों (ट्रेडिंग गतिविधियां) की बिक्री भी करती है।  

IIFL कैपिटल सर्विसेज लिमिटेड (पहले IIFL सिक्योरिटीज लिमिटेड के नाम से जाना जाता था) और HDFC बैंक लिमिटेड इस ऑफर के बुक-रनिंग लीड मैनेजर हैं। MUFG इंटाइम इंडिया प्राइवेट लिमिटेड इस ऑफर का रजिस्ट्रार है।  

ऑफर बुक-बिल्डिंग प्रक्रिया के माध्यम से किया जा रहा है, जिसमें नेट ऑफर का अधिकतम 50% योग्य संस्थागत खरीदारों (क्वालिफाइड इंस्टीट्यूशनल बायर्स) को आवंटित किया जाएगा, और ऑफर का कम से कम 15% गैर-संस्थागत बोलीदाताओं और 35% रिटेल व्यक्तिगत बोलीदाताओं के लिए निर्धारित है।

Euro Pratik Sales Limited’ Initial Public Offering to open on Tuesday, September 16, 2025, price band set at ₹235/- to ₹247/- per Equity Share

 

Euro Pratik Sales Limited’ Initial Public Offering to open on Tuesday, September 16, 2025, price band set at ₹235/- to ₹247/- per Equity Share

 

Mumbai, September 10, 2025: Euro Pratik Sales Limited has fixed the price band of ₹235 /- to ₹247/- per Equity Share of face value ₹1/- each for its initial public offering.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 16, 2025, for subscription and close on Thursday, September 18, 2025. Investors can bid for a minimum of 60 Equity Shares and in multiples of 60 Equity Shares thereafter.

 

The IPO is entirely an offer for sale of up to ₹ 451.32 crore by Promoter and Promoter Group Selling Shareholders. It includes a reservation for eligible employees applying in the employee reservation portion.

 

Euro Pratik Sales Limited was incorporated on January 19, 2010, Mumbai headquartered company operates on an asset-light business model, with a strong focus on product design and development. As at March 31, 2025, with a portfolio of over 3,000 designs spanning over 30 product varieties (Source: Technopak Report) and 113 catalogues (involving a combination of products and designs) launched in last four years, Euro Pratik functions as a fast-fashion brand within the industry. The company’s products are distributed through a well-established and extensive network across 116 cities in India, as at March 31, 2025.

 

To aid its marketing efforts, it has partnered with renowned celebrities Hrithik Roshan and Kareena Kapoor Khan as brand ambassadors for its “Euro Pratik” and “Gloirio” brands, respectively.

 

According to the Technopak Report, the Company provides durable and eco-friendly alternatives to traditional wall decor like wallpaper products and premium wall paints. As at March 31, 2025, its distribution network spans 116 cities in India, with 180 distributors operating across 25 states and five union territories in India, according to the Technopak Report.

 

Euro Pratik Sales Limited revenue from operations increased by 28.20% to ₹ 284.23 crore for Fiscal 2025 from ₹ 221.70 crore for Fiscal 2024. Profit after tax increased by 21.51% to ₹ 76.44 crore for Fiscal 2025 from ₹ 62.91 crore for Fiscal 2024.

 

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional and retail individual bidders respectively.

 

Axis Capital Limited, and DAM Capital Advisors Limited are the book-running lead managers and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the Offer

House of Mangalsutra Limited’s Initial Public Offering to open on Wednesday, September 10, 2025, price band set at ₹155 /- to ₹ 165 /- per Equity Share

House of Mangalsutra Limited’s Initial Public Offering to open on Wednesday, September 10, 2025, price band set at ₹155 /- to ₹ 165 /- per Equity Share

 

• Price Band of ₹155/– ₹165/- per Equity Share bearing face value of ₹10/- each (“Equity Shares”)
• Bid/Offer Opening Date – Wednesday, September 10, 2025 and Bid/Offer Closing Date – Friday, September 12, 2025.
• Minimum Bid Lot is 90 Equity Shares and in multiples of 90 Equity Shares thereafter.

 

👆L to R - Mr. Mr. Balraj C Thadeshwar, Director & COO, Mr. Chetan N Thadeshwar, CMD & Mr. Viraj C Thadeshwar, Exe Director & CEO ,  Shringar House of Mangalsutra Limited

RISKS TO INVESTORS

 

 

Mumbai, September 3, 2025: Shringar House of Mangalsutra Limited has fixed the price band of ₹155/- to ₹165/- 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 Wednesday, September 10, 2025, for subscription and close on Friday, September 12, 2025. Investors can bid for a minimum of 90 Equity Shares and in multiples of 90 Equity Shares thereafter.

 

The IPO is entirely a fresh issue of shares up to 2,43,00,000 equity shares with no offer for sale component.  

 

Incorporated in the year 2009, Shringar House of Mangalsutra is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutras adorned with various stones such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold. The company primarily serves its business-to-business (B2B) clients and holds approximately 6% of the organized Mangalsutra market in India as of CY23, according to a CareEdge Report.

Shringar House of Mangalsutra caters to a wide array of clients, including Corporate Clients, wholesale jewellers, and retailers across 24 states and 4 union territories in India. Beyond its domestic market, the company has expanded its presence internationally, serving clients in the UK, New Zealand, the UAE, the USA, and the Republic of Fiji. Its marquee Corporate Clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers India Private Limited, Reliance Retail Limited, Novel Jewels Limited (Aditya Birla Group), Joyalukkas India Limited, and international names like Goldbox Enterprises Limited (UK), Sona Sansaar Limited (New Zealand), and Damas Jewellery LLC (UAE). As on March 31, 2025, the company served 34 corporate clients, 1089 wholesalers, and 81 retailers.

In addition to its core business, Shringar House of Mangalsutra also manufacture and supply Mangalsutras on a job-work basis to their Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras.

The company has an extensive portfolio of Mangalsutras, featuring over 15 collections and more than 10,000 active SKUs, offering designs for special occasions like weddings, festivals, and anniversaries, as well as everyday wear. Its collections include antique, bridal, traditional, contemporary, and Indo-western styles, catering to women of all ages with varying price points and weights.

As of June 30, 2025, Shringar House of Mangalsutra employed a dedicated in-house design team of 22 full-time employees focused on creating innovative designs that reflect the latest trends, customer preferences, and demographic needs. Additionally, the company works with 166 in-house Karigars (artisans) and collaborates with a network of third-party Karigars to meet the growing demand for its products.

The company’s registered office is located at Mumbai's Kalbadevi Road and manufacturing facility is located at Lower Parel (West), Mumbai.

Shringar House of Mangalsutra’s revenue from operations increased to ₹ 1,429.81 crore in Fiscal 2025 from ₹ 1,101.52 crore in Fiscal 2024. Profit after tax increased from ₹ 31.10 crore in Fiscal 2024 to ₹ 61.11 crore in Fiscal 2025.

Choice Capital Advisors Private Limited is the sole book-running lead manager, and MUFG Intime India Private Limited is the registrar of the issue.

 

The Issue is being made through the book-building process, wherein not more than 50% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net issue shall be available for allocation to non-institutional bidders, and not less than 35% of the net issue shall be available for allocation to retail individual bidders.

Union Bank of India Organizes Financial Inclusion Saturation and Awareness camp at Barwala

 

Union Bank of India Organizes

Financial Inclusion Saturation and Awareness camp at Barwala

 

New Delhi – August 26, 2025: Union Bank of India organized a Financial Inclusion Saturation Camp in Barwala Gram Panchayat, Panchkula District. The event was inaugurated by Shri Nitesh Ranjan, Executive Director of the Bank in the presence of Shri Vivek Srivastava, Regional Director, Reserve Bank of India and Ms. Monica Gupta, District Deputy Commissioner, Panchkula District. Top officials from various public and private sector banks and large number of customers participated in the drive.

 

A nationwide campaign has been launched by Department of Financial Services for the saturation of Financial Inclusion (FI) Schemes at the Gram Panchayat (GP) and Urban Local Body (ULB) for three months from 01^st July 2025 to 30^th September 2025. Opening of bank accounts for unbanked adults under PMJDY; increasing enrolments under PMJJBY, PMSBY, APY; Awareness sessions on digital fraud prevention, among others key goals of the campaign.

 

During the event, Shri Nitesh Ranjan, Executive Director of the Bank emphasized on the importance and objectives of the Mega Jana Suraksha Saturation Drive. He also shared valuable insights on cyber fraud awareness and key government schemes such as PMJDY, PMSBY, PMJJBY, and APY.

 

Various exhibition stalls were set up to promote awareness and understanding of various financial products and services.

'वडापाव'मध्ये दिसणार गोड कुटुंबाची तिखट लव्हस्टोरी प्रसाद ओक यांच्या अभिनयाची ‘शतकपूर्ती’

 'वडापाव'मध्ये दिसणार गोड कुटुंबाची तिखट लव्हस्टोरी

प्रसाद ओक यांच्या अभिनयाची ‘शतकपूर्ती’

वडापाव म्हटलं की जिभेला पाणी सुटतं. वडा जसा तिखट-चुरचुरीत असतो तसंच नात्यांमध्येही गोडवा आणि तिखटपणा असला तरच ती नाती खरी रंगतदार होतात. अगदी हाच अनुभव देणारा कौटुंबिक चित्रपट 'वडापाव' लवकरच प्रेक्षकांच्या भेटीला येणार आहे. नुकताच या चित्रपटाचा धमाल टीझर सोशल मीडियावर प्रदर्शित झाला असून टीझरवरून हा चित्रपट एक गोड कुटुंबाची तिखट लव्हस्टोरी असणार हे स्पष्ट होतंय. ही रुचकर पाककृती प्रसाद ओक प्रेक्षकांसाठी घेऊन येत आहेत. विशेष म्हणजे हा चित्रपट प्रसाद ओक यांच्या अभिनय कारकिर्दीतील शंभरावा चित्रपट असल्यामुळे ते पहिल्यांदाच एकाच वेळी दिग्दर्शक आणि अभिनेते अशा दुहेरी भूमिकेत झळकणार आहेत. त्यामुळे हा प्रवास अधिकच संस्मरणीय ठरणार आहे.

टीझर अत्यंत सुटसुटीत आहे. धमाल मनोरंजन आणि कौटुंबिक मूल्यांचा संगम असलेली ही कथा प्रेक्षकांसाठी खास मेजवानी ठरणार आहे. या चित्रपटात प्रसाद ओक, अभिनय बेर्डे, गौरी नलावडे, रसिका वेंगुर्लेकर, शाल्व किंजवडेकर, रितिका श्रोत्री, समीर शिरवाडकर, सिद्धार्थ साळवी, अश्विनी देवळे-किन्हीकर आणि सविता प्रभुणे यांच्या प्रमुख भूमिका आहेत. एबी इंटरनॅशनल फिल्म्स एलएलपी, मर्ज एक्सआर स्टुडिओ, व्हिक्टर मुव्हीज लिमिटेड आणि अमेय विनोद खोपकर एंटरटेनमेंट आणि मोहसीन खान प्रस्तुत, सिनेमॅटिक किडा बॅनर अंतर्गत, प्रसाद ओक दिग्दर्शित या चित्रपटाचे अमित बस्नेत, प्रजय कामत, स्वाती खोपकर आणि निनाद नंदकुमार बत्तीन निर्माते आहेत. तर सहनिर्माते तबरेझ एम. पटेल आणि सानीस खाकुरेल असून संजय मेमाणे हे चित्रपटाचे छाया दिग्दर्शक आहेत. तर सिद्धार्थ साळवी यांनी चित्रपटाचं लेखन केले आहे.

दिग्दर्शक प्रसाद ओक म्हणाले, ‘’ 'वडापाव' एक अशी गोष्ट आहे जी लहानांपासून मोठ्यांपर्यंत सगळ्यांना आवडतेच. हाच आमच्या चित्रपटाचा गाभा आहे. कुटुंब, त्यांच्या नात्यांतील गोडवा-तिखटपणा आणि त्यातून मिळणारा भावनिक व विनोदी अनुभव अगदी लहानांपासून मोठ्यांपर्यंत सगळ्यांना आवडावा, असाच आमचा प्रयत्न आहे.’’

निर्माते अमेय खोपकर म्हणतात, ''मराठी प्रेक्षक कौटुंबिक चित्रपटांवर नेहमी प्रेम करतात. ‘वडापाव’ ही कथा त्यांच्या मनात नात्यांची खरी चव रुजवेल. टीझरवरूनच प्रेक्षकांच्या चेहऱ्यावर हास्य आलं, हेच आमचे पहिले यश आहे. हा सिनेमा हसवणार, रडवणार आणि विचार करायलाही लावणार.'' 

निर्माते निनाद बत्तीन म्हणतात, ‘’ वडापावचा जसा घरातील तीन पिढ्या मनसोक्त आस्वाद घेतात तसाच आमचा चित्रपट ‘वडापाव’ तीन पिढ्यांची गोष्ट सांगतो. संपूर्ण कुटुंबाने एकत्र पाहावा, असा हा चित्रपट आहे. तो घराघरांत पोहोचेल आणि लोकांना आवडेल यात शंका नाही.’’

निर्माते अमित बस्नेत म्हणाले, ''मी मुळात नेपाळचा असून मला मराठी संस्कृती, खाद्यपदार्थ, साहित्य, कला यांबद्दल नेहमीच आकर्षण वाटत आले आहे. यापूर्वी मी ‘लंडन मिसळ’ या चित्रपटाची निर्मिती केली होती आणि आता ‘वडापाव’ची निर्मिती करत आहे. मराठी खाद्यपदार्थ हे मुळात भावनांशी जोडले गेलेले आहेत. वडापाव त्यापैकीच एक. जीवनात आपुलकीसोबत थोडा तिखटपणा हवाच. नाहीतर नातं फिकं पडतं. हाच बॅलन्स दाखवणारा हा चित्रपट आहे. टीझर पाहूनच प्रेक्षकांना जाणवलंय की, ही कथा अगदी त्यांच्या घरासारखीच आहे. ओळखीची, तरीही नव्या चवीची.''

पर्वतांच्या कुशीत सुरू होणार ‘मना’चे श्लोक’ चा प्रवास १० ॲाक्टोबरला होणार प्रदर्शित

 पर्वतांच्या कुशीत सुरू होणार ‘मना’चे श्लोक’ चा प्रवास

१० ॲाक्टोबरला होणार प्रदर्शित 

आयुष्य हा एक प्रवास आहे, कधी सोपा, कधी कठीण, तर कधी भावनांनी भरलेला. या प्रवासाला पर्वतांची साथ आणि मनाच्या नात्यांची ऊब मिळाली तर तो प्रवास खास ठरतो. अशीच एक वेगळी गोष्ट ‘मना’चे श्लोक’ या चित्रपटातून प्रेक्षकांना पाहायला मिळणार आहे.

या चित्रपटात मनवा आणि श्लोक यांचा प्रवास दाखवला असून, त्यात त्यांची नाती, विचार आणि स्वप्नं यांचा सुंदर संगम दिसणार आहे. नुकत्याच प्रदर्शित झालेल्या मोशन पोस्टरमध्ये ते दोघे पर्वतांच्या दिशेने चालत निघाल्याचं दिसत असून, त्यांचे पाठमोरे रूप या प्रवासाच्या कहाणीची उत्सुकता वाढवतं. या प्रवासात त्यांचं प्रेम फुलणार का, त्यांच्या सोबत आणखी कोण असेल, ते काय मागे सोडून आले आहेत आणि डोंगर त्यांना कोणत्या नव्या दिशेने नेत आहेत, हे जाणून घेणं प्रेक्षकांसाठी नक्कीच रंजक ठरणार आहे.

या चित्रपटात मृण्मयी देशपांडे, राहुल पेठे, पुष्कराज चिरपुटकर, सुव्रत जोशी, सिद्धार्थ मेनन, हरीश दुधाडे आणि करण परब यांची भूमिका आहे.

‘मना’चे श्लोक’ हा चित्रपट १० ऑक्टोबरला प्रदर्शित होणार असून, याचे लेखन व दिग्दर्शन मृण्मयी देशपांडे यांनी केले आहे. चित्रपटाचे निर्माते श्रेयश जाधव आणि संजय दावरा असून, हा चित्रपट स्टारलाईट बॉक्स थिएटर्स व नितीन वैद्य प्रॉडक्शन्स यांनी सादर केला आहे.

Bank of Baroda organizes Mega Camp in Sultanpur, Uttar Pradesh under Financial Inclusion Drive of the Department of Financial Services, Government of India

 Bank of Baroda organizes Mega Camp in Sultanpur, Uttar Pradesh under Financial Inclusion Drive of the Department of Financial Services, Government of India

 

Presence of Secretary, Department of Financial Services, Ministry of Finance and MD & CEO, Bank of Baroda highlights importance of the Nationwide Campaign

 

Sultanpur, 23^rd August 2025: Bank of Baroda, one of India’s leading public sector banks, organized a Mega Camp at Amhat village in Sultanpur district, Uttar Pradesh, on 23^rd August 2025. The camp was held as part of the nationwide Saturation Campaign launched by the Department of Financial Services (DFS), Ministry of Finance, Government of India. The campaign, which runs from July 1 to September 30, 2025, aims to ensure 100% coverage under financial inclusion and social security schemes at the Gram Panchayat (GP) and Urban Local Bodies (ULB) level.

 

As the convenor of the State Level Bankers’ Committee (SLBC) in Uttar Pradesh, Bank of Baroda played a key role in organizing the event.

 

The programme was graced by the esteemed presence of Shri M. Nagaraju, IAS – Secretary, Department of Financial Services, Ministry of Finance; Shri Debadatta Chand, Managing Director & Chief Executive Officer, Bank of Baroda; Shri Ankur Kaushik, IAS, Chief Development Officer, Sultanpur; Shri Shailendra Kumar Singh, Convenor of Uttar Pradesh State Level Bankers’ Committee & Zonal Head, Lucknow Zone and Shri Mithlesh Kumar, General Manager & Zonal Head, Varanasi Zone. Over 1,000 local citizens attended the event.

 

In his keynote address, Shri M. Nagaraju, Secretary , DFS emphasized the importance of financial inclusion and accessibility of banking services to every citizen. He highlighted how the Government’s Financial Inclusion schemes play a pivotal role in empowering underserved segments of society by providing equitable access to formal financial services. The Government remains committed to every section of society by extending the flagship initiatives such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY). He further shared that the saturation campaign reflects their resolve to reach every Gram Panchayat and Urban Local Body to ensure that all eligible citizens benefit from these schemes. He also interacted with Business Correspondents (BCs), Self Help Group (SHG) members, and other participants at the camp.

 

Commenting on the initiative, Shri Debadatta Chand, MD & CEO, Bank of Baroda, said, "At Bank of Baroda, we believe that true financial inclusion goes beyond account opening—it is about empowering individuals to actively participate in the financial system and benefit from government-backed schemes. This Mega Camp in Sultanpur reflects our commitment to strengthening trust and ensuring that every household has access to essential banking services. The energy and involvement of the community here is very encouraging and motivates us to take this mission forward with greater resolve."

 

As part of the programme, claim cheques under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) were handed over to beneficiaries. Certificates of Insurance under PMJJBY and Pradhan Mantri Suraksha Bima Yojana (PMSBY), along with enrolment acknowledgment receipts under the Atal Pension Yojana (APY), were distributed to newly enrolled beneficiaries. Re-KYC process under eligible PMJDY accounts were carried out.  The Chief Guest also visited the stalls. In addition, Business Correspondents (BCs) and BC Sakhis were felicitated for their excellent performance. 

 

Representatives from all banks operating under the Uttar Pradesh State Level Bankers’ Committee actively participated in this Mega Camp.

 

This Mega Camp exemplifies unwavering commitment of Banking fraternity to furthering the Government of India’s vision of universal financial access and comprehensive social secu

Indogulf Cropsciences Limited’s Initial Public Offering to open on Thursday, June 26, 2025, price band set at ₹105/- to ₹111/- per Equity Share

 

Indogulf Cropsciences Limited’s Initial Public Offering to open on Thursday, June 26, 2025, price band set at ₹105/- to ₹111/- per Equity Share

Mumbai, June 23, 2025: Indogulf Cropsciences Limited has fixed the price band of ₹105/- to ₹111/- 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 Thursday, June 26, 2025, for subscription and close on Monday, June 30, 2025. Investors can bid for a minimum of 135 Equity Shares and in multiples of 135 Equity Shares thereafter.

The IPO is a mix of fresh issue of up to Rs 160 crore and an offer for sale up to 15,40,960 equity shares by Om Prakash Aggarwal (HUF), and up to 20,62,643 equity shares by Sanjay Aggarwal (HUF). 

The proceeds from the fresh issue to the extent of Rs 65 crore will be used for funding working capital requirements of the company; Rs 34.12 crore for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company; Rs 14 crore for Capital expenditure of the Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana; and general corporate purposes.

Indogulf Cropsciences commenced its operations in 1993 and primarily operate under three business verticals namely crop protection, plant nutrients and biologicals, to retail and institutional customers focused on improving the crop yield. It is engaged in the business of manufacturing of crop protection products, plant nutrients and biologicals in India.  

It is one of the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical, with the minimum purity of 97% indigenously in India and commenced production in 2018. It is recognized as a ‘Two Star Export House’ and a growing exporter of crop protection, plant nutrients and biologicals products and it exported its products to over 34 countries. (Source: CareEdge Report) 

It manufacture and market extensive range of products in all types of available formulations such as water dispersible granules (“WDG”), suspension concentrate (“SC”), capsule suspension (“CS”), ultra- low volume (“ULV”), emulsion in water (“EW”), soluble granule (“SG”), flowable suspension (“FS”), etc. which can be in powder, granules and liquid form and catering to a broad spectrum of crops, including cereals, pulses and oilseeds, fibre crops, plantations, and fruits and vegetables. 

The company's key customers include Krishi Rasayan Exports Private Limited, Delhi, Parijat Industries (India) Private Limited, Delhi, BR Agrotech Private Limited, Delhi, Crystal Crop Protection Limited, Delhi, and Asasiat of Development for Agric & Trade Co., UAE. It has also established long-term relationships with suppliers namely Coromandel International Limited, GSP Crop Science Private Limited, Gujarat, Dagro Chemical (Changzhou) Co. Ltd., China, Hubei Benxing Supply Chain Management Co. Ltd, China, and MaxxGro Agrology Private Limited, Delhi. 

Presently it operates four manufacturing facilities located in Samba, Jammu and Kashmir; Nathupur - I, Haryana; Nathupur - II, Haryana; and Barwasni, Haryana. It also has two Subsidiaries, Indogulf Cropsciences Australia Pty Ltd located in Sydney, Australia and Abhiprakash Globus Private Limited located in Delhi, India.  

It has a presence across 22 states and 3 Union Territories in India and over 34 countries outside India. As on April 30, 2025, it has a network of 192 institutional business partners (b2b), 6,916 working domestic distributors (b2c), supported by 17 stock depots and 6 sales/branch offices and 143 overseas business partners in over 34 countries.

Indogulf Cropsciences’ revenue from operations increased from Rs 549.66 crore in Fiscal 2023 to Rs 552.23 crore in Fiscal 2024. Profit after tax increased by 25.91% from Rs 22.42 crore for Fiscal 2023 to Rs 28.23 crore for Fiscal 2024.

For the nine months ended December 31, 2024, revenue from operations stood at Rs 464.19 crore and profit after tax stood at Rs 21.68 crore.

Systematix Corporate Services Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.

Notes for Reference: 

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

Fresh Issue    OFS (36,03,603 equity shares) Total 

Lower Band (@Rs 105) Rs 160 crore Rs 37.84 crore Rs 197.84 crore

Upper Band (@Rs 111) Rs 160 crore Rs 40 crore Rs 200 crore