Sotefin Bharat Limited IPO Opens on Thursday, July 16, 2026

 

Total Issue Size - Up To 48,00,000 Equity Shares of ₹ 10 each

IPO Size - ₹ 89.76 Crore (At Upper Price Band) 

Price Band - ₹ 178 - ₹ 187 Per Share

Lot Size – 600 Equity Shares (Minimum Application Size 2 Lots i.e. 1,200 Equity Shares)

Mumbai, July 14, 2026 – Sotefin Bharat Limited, a Turnkey Provider of Robotic & Automated Parking Solutions, proposes to open its Initial Public Offering on Thursday, July 16, 2026 aiming to raise ₹ 89.76 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform.

The issue size is upto 48,00,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 178 - ₹ 187 Per Share.

Equity Share Allocation 

QIB Anchor Portion – Upto 13,68,000 Equity Shares

Net QIB Portion – Upto 9,12,000 Equity Shares  

Non-Institutional Investors - Not less than 6,84,000 Equity Shares 

Individual Investors - Not less than 15,96,000 Equity Shares 

Market Maker - Upto 2,40,000 Equity Shares 

The net proceeds from the IPO will be utilized for Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal, Funding capital expenditure requirements for the proposed new office premises, Funding working capital requirements of the Company and the General corporate purposes. The anchor bidding is on Wednesday, July 15, 2026. The issue will open on Thursday, July 16, 2026 and will close on Monday, July 20, 2026.

The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. 

Mr. Arup Choudhuri, Managing Director of Sotefin Bharat Limited expressed, “Since our inception Sotefin Bharat has consistently focused on delivering innovative automated parking solutions backed by engineering excellence and technological innovation. Our upcoming IPO marks an important milestone in our growth journey, enabling us to expand our manufacturing capabilities, strengthen our technology offerings, and enhance our execution capacity.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said "Sotefin Bharat's focus on engineering innovation and automated parking solutions has enabled it to build a scalable business in a niche and growing market. We believe this IPO will provide the company with the financial flexibility to expand its manufacturing capabilities, strengthen execution capacity, and capitalize on the increasing demand for smart parking infrastructure across India." 

About Sotefin Bharat Limited:

Sotefin Bharat Limited, incorporated in 2012, is engaged in the business of providing mechanized and automated parking solutions. The Company operates across India with support from Swiss Promoter Sotefin SA, Switzerland, a global innovator in automated parking systems since 1956. Sotefin SA brings over six decades of engineering expertise, which complements the Company's business operations in the Indian market.

The company provides end-to-end automated parking solutions, including system design, manufacturing, installation, and operations and maintenance ("O&M") services.The Company has successfully completed more than 58 projects and is executing over 30 ongoing projects across multiple locations in India, including Delhi, Kolkata, Mumbai, Pune, Varanasi and Trivandrum, as well as in international markets such as the United States and Dubai.

In FY26, The Company achieved a Revenue of ₹ 11,674.65 Lakhs, EBITDA of ₹ 2,983.15 Lakhs & PAT of ₹ 1,735.56 Lakhs. 

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.

Caliber Mining and Logistics Limited’s Initial Public Offering to Open on Friday, July 17,

 2026, Price Band set at Rs 402 – Rs 424 per Equity Share

Price band of Rs 402 - Rs 424 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)

Bid/Offer Opening Date - Friday, July 17, 2026, and Bid/Offer Closing Date - Tuesday, July 21, 2026.

Minimum Bid Lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter

Tuesday, July 14, Mumbai: Caliber Mining and Logistics Limited (Formerly known as Caliber Mercantile Private Limited) has fixed the price band of Rs 402/- to Rs 424/- per Equity Share of face value Rs 10/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, July 17, 2026, for subscription and close on Tuesday, July 21, 2026.

Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

 Equity shares outstanding as on date is 5,59,41,823 Equity Shares of Rs 10 each

The offer, with a face value of Rs 10, consists of a fresh issue up to Rs 40,000 lakhs and an offer-for-sale up to Rs 5,000 lakhs by promoters – Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda.

The proceeds from its fresh issuance worth Rs 20,800 lakhs will be utilised for repayment/ prepayment, in full or part, of certain borrowings availed by the company, Rs 16,700 lakhs for funding capital expenditure for purchase of commercial vehicles, plant and machinery, and the balance towards general corporate purpose.

The company, in consultation with the book-running lead manager, has already completed a pre-IPO Placement for up to Rs 10,000 lakhs. 

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 bidders and retail individual bidders respectively.

Incorporated in 2014, the company is a mining operator managing overburden removal, coal extraction and coal logistics together as an integrated services provider. It has a fleet of 1,911 vehicles, plant and machinery (including 100 that are leased vehicles, plant and machinery) as of April 30, 2026 comprising of 883 tippers, 64 loaders, 162 excavators and 362 tip trailers. 

The company offers its customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making it a one-stop coal mining and logistics provider. Its mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh; however, it does not own any of the mines.

The company’s largest customers are mine owing subsidiaries of Coal India Limited (Coal India or CIL), namely Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL). In logistics, the company focuses on coal loading, unloading and road transportation using its fleet of 1,811 owned (and 100 leased) vehicles, plant and machinery as of April 30, 2026. As of April 30, 2026, its workforce comprised 5,521 employees including four employees on retainer. Its order book increased from Rs 5,66,829.69 lakhs as at March 31, 2026 to Rs 9,55,089.08 lakhs as of May 15, 2026.

Its revenue from operations was Rs 1,67,766.09 lakhs during FY26 as against Rs 1,43,040.38 lakhs a year earlier.

Its net profit was Rs 15,790.04 lakhs during FY26 as against Rs 13,154.88 lakhs a year earlier. 

DAM Capital Advisors Limited is the Book-Running Lead Manager, and KFin Technologies Limited is the Registrar of the Offer. The equity shares are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

Caliber Mining and Logistics Limited (Formerly known as Caliber Mercantile Private Limited)is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated  July 13, 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM at https://www.damcapital.in/home.aspx the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.cmll.in Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 26 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Documents. The investors are advised to refer to page 531 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 534 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Documents. The investors are advised to refer to page 534 of the RHP for the full text of the disclaimer clause of NSE.

Supreme Infrastructure India Ltd. Achieves Landmark Turnaround Paving Way for Sustainable Growth

Positive net worth restored to ₹237.2 crore following substantial implementation of lender-approved Scheme of Arrangement

Secured new EPC contracts worth over ₹100 crore during FY26, reflecting revamping in business operations

Capital structure strengthened through strategic equity infusion and seeking crystallised roadmap for debt resolution. 

13 July 2026: Supreme Infrastructure India Limited ("SIIL" or the "Company"), a leading public limited company engaged in providing integrated engineering and construction solutions, announced its financial results for the fourth quarter and financial year ended March 31, 2026. The results mark a significant milestone in the Company's turnaround journey, driven by the successful implementation of strategic initiatives aimed at strengthening its financial position, optimizing its capital structure and resolving legacy liabilities. During the year, the Company restored a positive net worth of ₹237.2 crore, substantially implemented its lender-approved Scheme of Arrangement, strengthened its capital base through strategic equity infusion and made significant progress in resolving legacy debt, positioning SIIL for operational revival and sustainable long-term growth.

The Company's turnaround reflects sustained efforts to rebuild its financial foundation while enhancing stakeholder confidence. With its financial restructuring substantially achieved, SIIL is well positioned to capitalize on emerging opportunities in India's infrastructure sector. Alongside strengthening its balance sheet, the Company has continued to focus on execution of EPC projects, recovery of claims and resolution of its Build-Operate-Transfer (BOT) assets, creating a strong platform for long-term value creation for shareholders, customers and business partners.

During FY26, SIIL secured new contracts aggregating to more than ₹100 crore, strengthening its order book and reflecting the revival of its business operations. The Company also successfully completed the equity raising plan approved by shareholders on October 21, 2024, in July 2025, inducting key strategic investors including Kitara Capital, Vikas Khemani, Trishankti Power and Ovata Capital, who infused growth capital into the Company and further strengthened its capital structure.

The Company also made substantial progress in implementing its settlement with lenders. During the year, 11 out of the 14 lenders were fully paid, No Objection Certificates (NOCs) were obtained from these lenders and the corresponding security charges were released. The successful implementation of the Scheme of Arrangement has further created a strong foundation for the resolution of the Company's BOT assets. As a majority of lenders to these BOT Special Purpose Vehicles (SPVs) are common with the Company's lenders, SIIL believes 

the successful execution of the restructuring process has strengthened stakeholder confidence and enabled constructive engagement towards achieving an expeditious resolution of these assets, thereby unlocking significant long-term value.

Financial Performance – FY26

Revenue from Operations stood at ₹65.33 crore in FY26 as compared to ₹66.16 crore in FY25. 

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) improved significantly to ₹(1.68) crore in FY26 from ₹(50.87) crore in FY25. 

Profit Before Tax (PBT) stood at ₹5,796.43 crore in FY26 as compared to a loss of ₹(1,426.35) crore in FY25. 

Profit After Tax (PAT) stood at ₹5,796.43 crore in FY26 as compared to a loss of ₹(1,426.31) crore in FY25. 

Key Highlights – FY26

Positive net worth restored to ₹237.2 crore. 

Successfully implemented a significant portion of the lender-approved Scheme of Arrangement. 

Capital structure strengthened through equity infusion and warrant conversion. 

Continued progress in the resolution of legacy debt and financial obligations. 

Secured new EPC contracts aggregating to more than ₹100 crore, strengthening the order book and supporting business revival. 

Successfully completed the equity raising programme with the induction of strategic investors including Kitara Capital, Vikas Khemani, Trishankti Power and Ovata Capital. 

11 out of 14 lenders fully settled, with corresponding NOCs obtained and security charges released. 

Continued focus on execution of EPC projects, recovery of claims and resolution of BOT assets to support sustainable long-term growth. 

About Supreme Infrastructure India Limited

Supreme Infrastructure India Limited ("SIIL"), established in 1983, is an integrated engineering and construction company with expertise in executing infrastructure projects across India. Headquartered in Mumbai, the Company has been listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 2007.

SIIL operates across multiple infrastructure segments including roads and highways, bridges, power, water and sewage systems, EPC projects, BOT projects, and construction, development and maintenance services. The Company also possesses in-house capabilities through crushing plants, asphalt plants, wet mix plants and ready-mix concrete facilities, enabling greater operational control and execution efficiency.

Over the years, SIIL has developed extensive experience in delivering infrastructure projects across diverse geographies and challenging terrains, supported by a strong execution track record and sector expertise.

SBI Funds Management Ltd’s Initial Public Offering to open on Tuesday, 14 July, 2026Price band set at Rs 545 – Rs 574 per Equity Share

Mumbai, July 9, 2026: SBI Funds Management Ltd has fixed the price band of ₹ 545 to ₹ 574 per Equity Share of face value ₹1/- each for its maiden initial public offer. 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, 14 July, 2026, for subscription and close on Thursday, 16 July, 2026. Investors can bid for a minimum of 26 Equity Shares and in multiples of 26 Equity Shares thereafter.

The IPO is an offer-for-sale for up to 203,709,239 Equity shares of face value of ₹1 each.

The Anchor Investor Bid/ Offer Opens and Closes on Monday, July 13, 2026.

Notes for Reference: 

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

OFS (up to 203,709,239 equity shares)

Total Issue Size

Lower Band (@ Rs 545) 

Rs 11,102 crore

Rs 11,102 crore

Upper Band (@ Rs 574)

Rs 11,692 crore

Rs 11,692 crore

Originally incorporated in 1992, the company is the largest asset management company (“AMC”) in India by quarterly average mutual fund assets under management (“QAAUM”), with QAAUM of ₹12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026, a position that it has consistently held since March 2021 (Source: CRISIL Report, paragraph 1, page 209). Including its Portfolio Management Services (“PMS”) and other advisory mandates (collectively with PMS, “Alternates”), its total QAAUM was ₹29,461.05 billion as at March 31, 2026. The company is India’s oldest AMC, acting as the investment manager to SBI Mutual Fund, which commenced operations in June 1987 as the first mutual fund entity outside the Unit Trust of India (Source: CRISIL Report, paragraph 1, page 216). 

The company is also India’s largest passive (exchange traded fund (“ETF”) and index funds) asset manager with passive (ETF and index funds) QAAUM of ₹4,055.26 billion representing a market share of 27.9% as at March 31, 2026, a leadership position it has held since March 2021 (Source: CRISIL Report, paragraph 1, page 210).

Its total QAAUM has grown at a compound annual growth rate (“CAGR”) of 14.22% between March 31, 2024, and March 31, 2026, while its mutual fund QAAUM has grown at a CAGR of 16.97% during the same period. 

The company’s equity, equity-oriented and equity-hybrids (excluding arbitrage and including overseas fund of funds) QAAUM grew at a CAGR of 21.79% during the same period.

The company received SEBI’s approval to act as the asset management to SBI Mutual Fund in 1993. In 2004, the company became a joint venture when Société Générale Asset Management S.A. acquired a 37% stake in the company. Following the merger in 2011 of Crédit Agricole’s and Société Générale’s asset management businesses, Amundi India Holding, a wholly owned subsidiary of Amundi Asset Management, acquired the shareholding previously held by Société Générale Asset Management S.A., and continued operating as a joint venture.

The promoters of the company are State Bank of India (“SBI”), Amundi India Holding and Amundi Asset Management. 

Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the Offer.

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 bidders and retail individual bidders respectively. In addition, the Offer also includes reservations for eligible SBI shareholders and eligible SBIFM employees and SBI employees. Eligible SBIFM employees and SBI employees bidding in the Employee Reservation Portion are being offered a discount of ₹54 per Equity Share.

*NMIMS Begins Academic Year 2026–28 with Focus on Technology, Innovation and Industry-Integrated Learning*

     

*Navi Mumbai, June 23, 2026:* SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), School of Business Management (SBM), welcomed the MBA Batch of 2026–28 at its Navi Mumbai campus through an orientation program that marked the beginning of their management education journey. The program brought together students enrolled in the MBA introducing them to SBM’s academic ecosystem, industry-oriented learning approach, leadership development framework, and future-focused curriculum.

Designed to facilitate a seamless transition into the rigors of management education, the Foundation Programme offers students a comprehensive overview of academic expectations, experiential learning opportunities, industry engagement initiatives, student support systems, and the values that define the SBM experience. The program aims to equip students with the mindset, skills, and perspectives required to thrive in an increasingly dynamic, technology-driven business environment.

Addressing the incoming cohort as Chief Guest, *Mr. Santosh Shankardasan, EVP, SBI Caps*, shared insights from his professional journey spanning over two decades across leading organisations and global markets. Reflecting on the qualities that define successful leaders today, he encouraged students to embrace curiosity, adaptability, and empathy while navigating the evolving business landscape.

Welcoming the new batch, *Dr. Arun Sharma, Director, NMIMS Navi Mumbai*, stressed that our focus extends beyond preparing students for their first job. Our institute aims to develop individuals who can learn continuously, navigate uncertainty, work across disciplines, and create value in a rapidly changing world. He highlighted that the future will belong to those who combine knowledge with judgment, initiative, and purpose.

Reinforcing this vision, the SBM leadership emphasized the importance of learning beyond the classroom and developing the resilience, adaptability, ethical grounding, and technological fluency required to succeed in an increasingly interconnected and AI-driven business environment. They highlighted the school's continued focus on combining academic rigor with industry relevance, innovation, research, and global perspectives to prepare students for emerging business challenges and opportunities.

The event was graced by distinguished academic leaders from the School of Business Management, including *Dr. Nitin Balwani, Associate Dean and Professor (Finance), School of Business Management, NMIMS Navi Mumbai.* Through their leadership and academic contributions, they continue to advance excellence in education, foster innovation, and strengthen SBM’s commitment to impactful research and strategic growth.

The inauguration program also provided students with an opportunity to interact with academic leaders, faculty members, alumni, and peers, helping them gain a deeper understanding of the learning opportunities, support systems, and collaborative culture that define the SBM experience.

As one of India’s leading business schools, SBM NMIMS remains committed to nurturing responsible, innovative, and future-ready leaders through a blend of academic excellence, industry engagement, experiential learning, and global exposure. The Foundation Programme sets the tone for this transformative journey, encouraging students to build the knowledge, skills, and values required to lead with confidence, purpose, and impact in an increasingly complex business environment.

GUJARAT INJECT (KERALA) LIMITED ANNOUNCES REVISED RECORD DATE FOR 10:1 STOCK SPLIT AMID EXPLOSIVE MARCH FINANCIAL GROWTH AND MASSIVE SOLAR ORDER WINS

July 7th, 2026 – Gujarat Inject (Kerala) Limited (BSE: 524238) has officially announced a revision to the Record Date for its upcoming sub-division/split of equity shares. As per the official intimation submitted to BSE Limited by the Company Secretary & Compliance Officer, the revised Record Date is now set for Wednesday, July 8, 2026, superseding the previously scheduled date of July 2, 2026. 

This highly anticipated corporate action is strategically timed alongside the company's explosive financial growth and a major operational transition into India's booming renewable energy sector. 

Strategic Focus: The 10:1 Stock Split Mechanics 

A stock split divides existing corporate shares into multiple units without altering the core market capitalization, introducing structural advantages that directly benefit everyday retail investors: 

· The Split Ratio: 10:1 (Ten equity shares will be issued for every one existing share held). 

· Face Value Reduction: The face value per equity share will be adjusted from ₹10 to ₹1. 

· Greater Affordability: By proportionally scaling down the absolute market price per share, the split lowers the financial barrier to entry, allowing smaller retail buyers to purchase whole shares. 

· Enhanced Market Liquidity: An increased volume of outstanding shares moving through the capital market paves the way for higher trading volumes, tighter bid-ask spreads, and the ability to exit or enter positions with minimal price slippage. 

· Entitlement Eligibility: Shareholders whose names appear in the company’s records or depositories as beneficial owners by the close of business hours on the revised date of Wednesday, July 8, 2026, will be entitled to receive the sub-divided shares.

Blockbuster Financial Highlights (As of March 2026) 

This structural share split is heavily backed by robust, underlying fundamentals. According to the company's recently disclosed financial results for the fiscal period ended March 2026, Gujarat Inject (Kerala) Limited has delivered stellar year-on-year (YoY) numbers: 

Financial 

Metric

Quarter Ended March 2026

YoY Change (vs. 

March 2025 

Quarter)

Full Year 

Ended March 

2026

YoY Change (vs. Full Year 2025)

Net Sales / 

Revenue

₹30.70 Crore 

⬆ 624.06% (from 

₹4.24 Cr)

₹36.32 Crore 

⬆ 90.66% 

(from ₹19.05 

Cr)

Net Profit 

(PAT)

₹1.64 Crore 

⬆ 2,242.86% (from ₹0.07 Cr)

₹1.81 Crore 

⬆ 77.45% 

(from ₹1.02 Cr)

The company also continues to show expanding profit margins, improved return on equity (ROE), zero debt liabilities, and completely unpledged promoter holdings. 

Transforming the Pipeline: Recent Major Solar Order Wins Further fuelling investor value, the company has secured a chain of multi-million rupee commercial contracts, establishing its place within India's solar infrastructure supply chain. 

This comes during a proposed strategic corporate rebranding to Regenova Renewtech Limited to fully align its identity with clean energy solutions. 

Recent operational wins include: 

● · Deon Energy Limited Contract: A massive purchase order valued at ₹14.49 Crore (exclusive of GST) to supply and deliver 16,129 units of high-capacity (620 Wp) Solar Photovoltaic (PV) modules. 

● · Ottire Lifestyle Private Limited Contract: An additional supply contract valued at ₹1.07 Crore for 1,334 units of specialized 600 Wp solar PV modules. ● · Pipeline Scalability: A separate solar module order finalized in early June valued at ₹6.07 Crore, bringing recent order wins to over ₹21.6 Crore—a significant commercial portfolio relative to the company’s previous fiscal size. 

Management Commentary: 

"The upcoming 10:1 sub-division of our equity shares reflects our ongoing effort to enhance market inclusivity," said a GIKL Spokesperson. "Backed by an extraordinary 2,242% increase in our March quarterly net profit and over ₹21 Crore in recent solar order wins, we are executing a highly successful pivot into renewable energy. By establishing the revised Record Date as Wednesday, July 8, 2026, we look forward to welcoming a much broader public shareholder base into the Gujarat Inject family as we scale new heights." 

About Gujarat Inject (Kerala) Limited

Gujarat Inject (Kerala) Limited is a public limited company listed on BSE Limited (Scrip Code: 524238). Headquartered in Vadodara, Gujarat, the company is dedicated to driving consistent stakeholder value, rigid compliance, and best-in-class corporate governance as it scales its specialized manufacturing and logistics capabilities across India's clean energy ecosystem.

*Bharti Airtel has enhanced connectivity for the Amarnath Yatra by expanding its network.*

*Jammu/Srinagar, July 03, 2026:* Bharti Airtel today announced the expansion of its mobile network along the Amarnath Yatra pilgrimage, further strengthening connectivity for pilgrims, security personnel, and local authorities in the region. By deploying network sites at Chandanwari, Pissu Top, and Betaab Valley, Airtel has established network coverage along the crucial Pahalgam route, in addition to its existing presence at Baltal, thus providing uninterrupted connectivity leading up to the holy Amarnath cave shrine.

The deployment was carried out in close coordination with the relevant government authorities and local administration to strengthen communications infrastructure during the Yatra. The enhanced coverage will provide reliable voice and data connectivity, support emergency communication, and improve digital access for the millions of pilgrims. 

“At Airtel, we remain committed to connecting people, communities, and essential services, even in some of the most challenging terrains,” *said Vikram RS, COO – Jammu and Kashmir, Bharti Airtel.* “The expansion of our network across both the Pahalgam and Baltal routes for the Amarnath Yatra reflects our continued investment in Jammu & Kashmir and our commitment to ensuring that pilgrims, security personnel, and authorities remain reliably connected throughout this important annual pilgrimage.” 

Airtel’s ongoing expansion in such challenging environments reflects its dedication to bridging the connectivity gap and powering India’s digital transformation.

Kusumgar Limited’s Initial Public Offering to open on 08 July, 2026, Price Band set at Rs 398/- – Rs 419/- per Equity Share

 

Price band of Rs 398/- – Rs 419/- per Equity Share bearing face value of Re 1 each (“Equity Shares”)

Bid/Offer Opening Date- 08 July, 2026 and Bid/Offer Closing Date – 10 July, 2026.

Minimum Bid Lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter

 

Mumbai, 3 July, 2026: Kusumgar Limited has fixed the price band of Rs 398/- to Rs 419/- per Equity Share of face value Re 1/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on 08 July, 2026 for subscription and close on 10 July, 2026.

Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

Equity shares outstanding as on date 104,991,372 Equity Shares of Re 1 each.

The IPO is an offer-for-sale (OFS) for Rs 650 crore.

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 more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively. 

The company has reserved shares worth Rs 3.5 crore for its eligible employees, who will receive them at a discount of Rs 39 per share to the final issue price. 

Its revenue from operations was Rs 692 crore in FY26 as against Rs 467.9 crore during FY24.

Its net profit was Rs 98.2 crore for FY26 as against Rs 84.3 crore during FY24. 

Axis Capital Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book running lead managers, and Bigshare Services Private Limited is the registrar of the offer.

The equity shares are proposed to be listed on BSE and NSE.

About the Company 

Incorporated in 1990, the company is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. The company offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers.

The company’s expertise is in manufacturing fabrics where critical performance parameters include tensile strength, tear strength, abrasion resistance, comfort, air permeability, and water proofing, among others. The company has leveraged its process knowledge and product development expertise to manufacture over 1,000 unique fabric configurations (referred to as stock keeping units, or SKUs) as at March 31, 2026, to build a niche for synthetic functional and performance fabrics, addressing growing demand in the aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.

The company’s vertically integrated manufacturing operations, including preparatory, weaving, dyeing, printing, finishing, coating, lamination, and fabrication, are supported by modern infrastructure, advanced technology and research and development (R&D) capabilities. It has six manufacturing facilities, in Gujarat, and one fabrication unit in Uttar Pradesh. Its integrated set up allows it greater control over quality and delivery.

Kusumgar Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., https://www.axiscapital.co.in/, https://www.iiflcapital.com/, and https://www.motilaloswal.com/the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://www.kusumgar.com/. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 23 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933 or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the securities described in this announcement are not being offered or sold in the United States. 

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents, and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 388 of the RHP for the full text of the disclaimer clause of SEBI. 

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 391 of the UDRHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 391 of the UDRHP for the full text of the disclaimer clause of NSE.

 

 

*TMC Transformers (India) Limited files DRHP with SEBI for an IPO*

DRHP Link: https://nsearchives.nseindia.com/corporate/Registration_30062026233221_TMCTILDRHP.pdf

TMC Transformers (India) Limited, an established transformer manufacturer in India with capabilities across multiple transformer types and voltage classes, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).

Hriday Narayan R. Shukla is the promoter of the Company.

The offer comprises a fresh issue of up to Rs. 550 crore. The face value of each equity share is Rs. 10.

The company in consultation with the BRLMs, may consider an issue of Specified Securities aggregating up to ₹ 110 Crore (“PreIPO Placement”), as may be permitted under applicable law, at its discretion, prior to filing of the Red Herring Prospectus with the RoC. 

The Company proposes to utilise the net proceeds from the fresh Issue towards funding capital expenditure towards setting up a greenfield Extra High Voltage (EHV) transformer manufacturing facility with an aggregate installed capacity of 78,000 MVA at Halol, Gujarat (“Proposed Facility”), part funding of the incremental working capital requirements of the company and general corporate purposes.

The company operates an integrated, design-led manufacturing model and offer a comprehensive portfolio comprising oilfilled transformers up to 160 Mega Volt-Amp (“MVA”) / 220 kilovolts (“kV”) class, dry-type transformers up to 20 MVA / 36 kV class, and compact sub-stations up to 3 MVA / 36 kV class designed and manufactured to meet customer specific technical requirements.

It is one of the few transformer manufacturers in India with the requisite capabilities and certifications to cater to all major high-growth end-user sectors, including railways, renewables, metro, industrials, discoms and others (Source: CRISIL Report). 

TMC Transformers (India) is the only transformer manufacturer in India certified by RDSO for all classes of transformers required for 2×25 kV traction substations in India (Source: CRISIL Report). It is also one of the only two Indian manufacturers certified by RDSO to manufacture 100 MVA / 220 kV Scott-connected traction transformers for deployment in high-voltage rail network electrification by the Indian Railways, and the first and only manufacturer approved for 100 MVA / 230 kV Scott-connected traction transformers for these applications as per CRISIL Report.

The company is one of the fastest growing transformer manufacturing companies from Fiscal 2024 to Fiscal 2026, in terms of revenue from operations, growing at a CAGR of 29.83% during the period (Source: CRISIL Report). It had the highest gross profit margin in Fiscal 2026 of 43.01% and in Fiscal 2025 of 38.57% amongst all peers, underscoring its strong market positioning, execution capabilities, backward integration and cost efficiency as per CRISIL Report.

The equity shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges, namely BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", and together with BSE, the "Stock Exchanges").

Anand Rathi Advisors Limited and Intensive Fiscal Services Private Limited are the Book Running Lead Managers to the issue.

Bank of India hands over Rs.1553.50 crores dividend to Government of India for FY25-26

Bank of India handed over dividend cheque dated 17th June 2026 of Rs.1,553.50 crore for the financial year 2025-26 to Government of India on 30th June, 2026. The dividend cheque was presented to Hon’ble Finance Minister Smt. Nirmala Sitharaman in the presence of Smt. Shalini Pandit, Joint Secretary, DFS by Shri Rajneesh Karnatak, Managing Director & CEO and all the four Executive Directors of Bank of India. 

Bank of India had declared dividend of Rs.4.65 per equity share (46.50%) for the financial year 2025-26.  

For the full year 2025-26, Bank of India’s net profit jumped by 14.19%, which went up from Rs. 9,219 crore in FY25 to Rs. 10,527 crore for FY26.  

By successfully paying dividends to the Government of India, Bank of India reaffirms its robust financial performance and unwavering dedication to creating value for its shareholders. This accomplishment stands as a testament to the bank’s commitment to excellence and its ability to generate consistent returns.