Runwal Enterprises Limited’s Initial Public Offering to Open on September 25, 2026, Price Band set at ₹290 – ₹305 Per Equity Share of face value of ₹2 each

Photo caption 1 [L-R]: Mr Subodh Runwal Chairman & Managing Director, Mr Subhas Runwal, Mr Sidharth Runwal, Runwal Enterprises Limited at the launch of the Company’s IPO in Mumbai.

 

 

Price band of ₹290 - ₹305 per Equity Share bearing face value of ₹2 each (“Equity Shares”)

Bid/Offer Opening Date –September 25, 2026 and Bid/Offer Closing Date - September 29, 2026

Minimum Bid Lot is 43 Equity Shares and in multiples of 49 Equity Shares thereafter

September 22, 2026, Mumbai: Runwal Enterprises Limited has fixed the price band of ₹290/- to ₹305/- per Equity Share of face value ₹2/- each for its initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026.

Investors can bid for a minimum of 49 Equity Shares and in multiples of 49 Equity Shares thereafter.

Equity shares outstanding as on date 131,391,436 equity shares of ₹2 each.

The IPO, with a face value of ₹2, is entirely a fresh issue up to ₹5,000 million.

The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with not more than 50% of the Net Issue being reserved for Qualified Institutional Buyers (QIBs), not less than 15% of the Net Issue being for Non-Institutional Investors (NIIs), and not less than 35% of the Net Issue being reserved for Retail Individual Investors (RIIs).

Incorporated in 2016, the company is a real estate developer present across the full spectrum of real estate development, specializing in residential projects that cater to affordable, mid-income, and luxury segments as well as commercial spaces, retail malls and educational buildings (Source: JLL Report).

The company is a recognized brand in the industry and has a strong presence in Mumbai (Source: JLL Report).

The company is ranked third in terms of new launches and sales in Mumbai with approximate market shares of 2.33% and 2.46%, respectively, between January 2023 and March 31, 2026 (Source - JLL Report).

In the eastern suburbs of Mumbai (which encompasses Mulund, Vikhroli, Ghatkopar, Kanjurmarg, Powai and Bhandup), the company ranked first in sales accounting for approximately 7.88% of sales, and fourth in new launches, accounting for approximately 2.89%, between January 2023 and March 31, 2026 (Source: JLL Report). The company is ranked first in terms of new launches and second in terms of sales in Kalyan, Dombivli, with approximate market shares of 11.41% and 6.33%, respectively, between January 2023 and March 31, 2026 (Source - JLL Report).

As of March 31, 2026, the company has a total developable area and estimated developable area (in the case of upcoming projects) of 88.37 million square feet across 19 completed projects, 28 ongoing projects and 33 upcoming projects. The company’s experience include greenfield projects requiring land acquisition, as well as flexible models and asset light models such as via joint development agreements (JDA). Greenfield projects refer to developments undertaken on land parcels that have never been previously used, developed or constructed upon for residential dwelling purposes.

Its real estate development business spans all activities related to real estate development, from the identification and acquisition of land through to the planning, execution, marketing and sales of its development projects. It is through this process that the company develops a variety of residential and commercial projects comprising apartments, retail spaces, offices, schools, hospitals, and townhalls.

As of March 31, 2026, the company has developed and is in the process of developing an aggregate developable area of 31.96 million square feet of residential, retail and commercial properties, which include residential buildings, townships, corporate offices, retail malls, retail spaces, schools and various other real estate projects spread across the eastern, central, peripheral central, south central and western suburbs of Mumbai.

The company’s vision is to be a full-service real estate developer in Mumbai, developing both residential and non-residential projects (across the price spectrum) and in communities (including integrated townships) that feature a wide range of amenities and iconic landmarks.

Its residential portfolio consists of an aggregate developable area and estimated developable area (in the case of upcoming projects) of 74.58 million square feet of completed projects, ongoing projects and upcoming projects (Projects) as of March 31, 2026, and is segmented into affordable, mid-income and luxury markets.

The company has historically focused on the affordable and mid-income residential segments (notable examples being Runwal Gardens in Dombivli and Runwal Greens in Mulund West) but has recently expanded its focus to include the luxury residential segment (namely, 7 Mahalaxmi and Girgaum).

The company is also expanding geographically within Mumbai, moving from the eastern suburbs to western areas such as Mahalaxmi, Girgaum and Bandra, and outside the MMR, near Alibaug. Its business also consists of development and lease / sale of units in certain commercial and shopping complexes. As of March 31, 2026, the company’s non-residential portfolio consists of an aggregate developable area and estimated developable area (in the case of upcoming projects) of 13.80 million square feet of projects.

In recent years, the company has also explored opportunities to grow on an asset light basis through JDAs, development agreements (DAs) and joint ventures (JVs).

Its project Runwal Bliss has been recognized as the Best Residential Project Segment - Mid at the CNBC-AWAAZ Real Estate Awards 2023. Runwal Pinnacle was honoured with the Best Ongoing Highrise Tallest Project of the Year award, and Fifth Avenue received the Best Retail Luxury Project of the Year award, both at the 7th Real Estate and Construction Industry Leadership Awards in 2024.

Further, Runwal has received several recognitions for its commitment to safety, sustainability and employee well-being. In 2026, Runwal Gardens, Runwal My City, Runwal Pinnacle, Runwal Forests, 7 Mahalaxmi and Runwal City Centre received International Safety Awards from the British Safety Council for their strong health and safety management practices during 2025. Runwal Forests and Runwal Gardens also received certificates of appreciation at the Lifting India Safety Awards 2026, while Runwal City Centre received the Safety Excellence Award (High Rise Lifting). In addition, Runwal BKC received USGBC Gold LEED Pre-Certification, while the Company was recognised as a ‘Great Place to Work’ for three consecutive years from 2024 to 2026.

Further, the Company has established strong relationships with leading international and domestic financiers, which have consistently enabled it to raise capital on favourable terms and support the growth of its business. These relationships include IndusInd Bank Limited, Kotak Mahindra Bank Limited, ICICI Bank Limited, HDFC Capital, Tata Capital Housing Finance Limited, Nishi Nippon Railroad Co. Ltd., Genkai Capital Secured Investment Pte. Ltd., Nexus Select Trust and Piramal Capital and Housing Finance Limited. In the year 2026, Nishi Nippon Railroad Co. Ltd. and Genkai Capital Secured Investment Pte. Ltd., collectively infused equity of ₹1,500.00 million in the subsidiary, Susneh Developers Private Limited, for development of Grade A commercial building i.e., Runwal BKC, and Nexus Select Trust invested ₹1,150.00 million in the subsidiary Runwal Residency Private Limited for development of R Mall in its Runwal Gardens project.

As of March 31, 2026, the company is executing ongoing projects with an aggregate developable area of 19.88 million square feet and has upcoming projects with an aggregate estimated developable area of 56.41 million square feet. These projects are located in the micro-markets of the eastern, northern, western and central suburbs of Mumbai, and near Alibaug, outside of the Mumbai Metropolitan Region.

Several infrastructure projects are underway in Mumbai to achieve long-term sustainability and enhance the city’s transportation networks, which include the Metro Lines project. These developments are expected to improve east-west connectivity, connect areas not served by the suburban rail and reduce travel time between residential and commercial hubs (Source: JLL Report). As a result, the company’s developments in Mumbai stand to benefit from increased accessibility and enhanced infrastructure, which can contribute to higher demand and potentially elevated property values in the areas surrounding these infrastructure projects.

The company’s adoption of an integrated real estate development model allows it to execute projects from initiation to completion.

One of its core strengths lies in its commitment to sustainable development, which integrates economic, social and environmental considerations into its business practices. Its environmental initiatives include the use of renewable fuels, the reduction of greenhouse gas emissions, climate risk management, water conservation, recycling and ensuring emergency preparedness. Socially, the company prioritizes health and safety, employee benefits, diversity, equity and its impact on local communities.

German Green Steel and Power Limited’s Initial Public Offering to Open on Friday, September 25, 2026, Price Band set at Rs 132– Rs 139 Per Equity Share

Price band of Rs 132– Rs 139 per Equity Share bearing face value of Rs. 10 each (“Equity Shares”)

Bid/Offer Opening Date – Friday, September 25, 2026 and Bid/Offer Closing Date – Tuesday, September 29, 2026

Minimum Bid Lot is 107 Equity Shares and in multiples of 107 Equity Shares thereafter

 

Mumbai, September 22, 2026: German Green Steel and Power Limited, has fixed the price band of Rs 132/- to Rs 139/-per Equity Share of face value Rs. 10/- each for its initial public offering.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026.

 

Investors can bid for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter.

 

Equity shares outstanding as on date of the Red Herring Prospectus, are 5,44,85,888 equity shares of Rs. 10 each.

 

The IPO, with a face value of Rs 10, is a fresh issue up to Rs 290 crore and an offer for sale for up to 10,00,000 equity shares by Promoter Selling Shareholders, namely Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki. The promoters have been associated with the industry since 1976 and represent the third generation of the family actively involved in driving the business.

The Company has, in consultation with the book-running lead managers, undertaken a Pre-IPO Placement of 18,38,000 fully paid-up equity shares at an issue price of ₹270 per equity share (including a premium of ₹260 per equity share) for ₹49.62 crore by way of a private placement on September 26, 2025. The size of the fresh issue has been reduced by ₹49.62 crore pursuant to the Pre-IPO Placement and the revised size of the fresh issue is up to ₹290 crore.

 

The proceeds from its Fresh Issue worth Rs 226.33 crore will be utilized for funding the capital expenditure requirements of the Company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (“Project”), Rs 7.70 crore for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company, and remaining proceeds of the Net Proceeds will be utilized for general corporate purpose.

 

The Offer is being made through the book-building process, in line with SEBI ICDR Regulations, with not more than 50% of the Offer reserved for Qualified Institutional Buyers (QIBs), not less than 15% of the Offer for Non-Institutional Investors (NIIs), and not less than 35% of the Offer for Retail Individual Investors (RIIs).

 

Incorporated in 2008, the Company is a vertically integrated iron and steel manufacturer primarily operating in the western region of India, with a presence in Gujarat with a main focus on TMT Bars (Source: CARE Report). The Company has two manufacturing facilities located in Gujarat (Manufacturing Facilities), one located at Samakhiyali (“Samakhiyali Facility”) which is vertically integrated, and the other is located at Viramgam (“Viramgam Facility”) which is operated through its material subsidiary- German TMT Private Limited (formerly known as German TMX Private Limited).

Steel scrap is one of its primary raw materials used in the manufacturing process, enabling it to recycle ferrous material into finished steel products. As on the date of the Red Herring Prospectus, its product portfolio comprises mainly of TMT Bars, MS Billets and Sponge Iron. 

The Company’s TMT bar manufacturing capabilities range from 8 mm to 40 mm. The Company and its Material Subsidiary have been awarded 4-star and 5-star Green Steel ratings—the highest rating achievable (as on the date of the RHP)—for their TMT bars by the National Institute of Secondary Steel Technology, Mandi Gobindgarh (India).

Additionally, the Company has expanded its product portfolio by entering the value-added steel products segment with the commencement of production of cut and bend bars and epoxy coated TMT bars. As part of its continued focus on increasing the contribution of value-added and specialised steel products, the company intends to further increase its presence in the production and sale of value-added products such as stainless-steel round bars and cut and bend bars, which are pre-cut and shaped steel bars used in construction, epoxy coated TMT bars and corrosion resistant TMT bars. 

Through these initiatives, the Company seeks to broaden its product offerings, cater to evolving customer requirements and strengthen its position across the steel value chain. It also operates a robust transportation fleet to support efficient last-mile deliveries.

In 2025, the Company entered into a contract manufacturing agreement with JSW One Distribution Limited (JODL) to manufacture quality products.

As of March 31, 2026, approximately 75.44% of the Company’s energy requirements are met by its own captive power plant and renewable energy plant. The Company intends to further reduce its reliance on electricity grid by constructing an additional hybrid wind solar plant. 

The Company is currently in the process of expanding the installed capacity of sponge iron at its Samakhiyali Facility from 66,000 Metric Tonne Per Annum to approximately 1,48,500 Metric Tonne Per Annum, MS billets production capacity from 2,14,500 tonnes per annum to 4,12,500 tonnes per annum, and existing installed TMT Bars production capacity at the Samakhiyali Facility from 181,500 Metric Tonne Per Annum to 346,500 Metric Tonne Per Annum. 

In addition, the Company is setting up a new hybrid wind-solar power plant with a total capacity of 25.20 MW (solar: 10.8 MW DC; wind: 14.40 MW) in Bharuch district, Gujarat out of which it has already commissioned a hybrid wind solar plant of 16.20 MW (Solar: 7.2 MW DC; Wind: 9.0 MW).

Its revenue from operations was Rs 1,678.98 crore during Fiscal 2026 as against Rs 1,129.78 crore during Fiscal 2024. Its net profit after tax was Rs 79.88 crore during Fiscal 2026 as against Rs 41.66 crore during Fiscal 2024.

Systematix Corporate Services Limited, Emkay Global Financial Services Limited, and Pantomath Capital Advisors Private 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 NSE and BSE.

 

 

German Green Steel and Power Limited is proposing to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated September 21, 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, https://www.systematixgroup.in/ , https://www.emkayglobal.com/ , and www.pantomathcapital.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.germansteel.in/our-companies/german-green-steel . 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 24 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 Issue 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 issue 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 Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 495 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 498 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 Issue Document. The investors are advised to refer to page 498 of the RHP for the full text of the disclaimer clause of NSE.

 

 

Liqvd Digital India Limited’s Initial Public Offering to Open on September 23, 2026, Price Band set at Rs 51 – Rs 54 Per Equity Share of Face Value of Rs. 5 Each

Price band of Rs 51 – Rs 54 per Equity Share bearing face value of Rs. 5 each (“Equity Shares”)

 

Bid/Offer Opening Date - Wednesday, September 23, 2026 and Bid/Offer Closing Date- Friday, September 25, 2026

 

Minimum Bid Lot is 4000 Equity Shares and in multiples of 2000 Equity Shares thereafter

 

Mumbai: Liqvd Digital India Limited (“Company”) has fixed the price band of Rs 51/- to Rs 54/- per Equity Share of face value Rs. 5/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Wednesday, September 23, 2026 for subscription and close on Friday, September 25, 2026.

Investors can bid for a minimum of 4000 Equity Shares and in multiples of 2000 Equity Shares thereafter.

Equity shares outstanding as on date 1,59,41,177 equity shares of Rs. 5 each.

 

The offer, with a face value of Rs 5 per equity share, comprises a fresh of up to Rs 34.14 crore and an offer-for-sale for up to 9,02,000 equity shares by promoter – Arnab Mitra.

 

The proceeds from its fresh issuance worth Rs 9 crore will be utilized for funding of purchase consideration for acquisition of 23.21% stake in AdLift Marketing Private Limited (“AdLift”), Rs 10.59 crore for funding capital expenditure, operating expenditure and other expenditure to be incurred for establishment of a full scale video content production hub (Full Scale VCP Hub), Rs 6.57 crore for funding the company's incremental working capital requirements, funding inorganic growth through unidentified acquisitions and general corporate purposes.

 

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 30% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 35% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

 

Incorporated in 2013, the company is positioned as a creative-first agency offering end-to-end marketing solutions. Its services encompass content creation and production, media buying, content marketing, and performance reporting. Following the acquisition of AdLift, the agency has expanded its capabilities to include performance monitoring, SEO, and AI-driven content creation, positioning itself as a one-stop solution for clients seeking integrated marketing services (Source: Ken Research Report, page 62).

The Company develops and manages a range of digital marketing content, through services like social media management, media planning and buying across platforms, online reputation management, creative and content production, influencer marketing operated through a in house creator network, and web and application development.

The primary objective of the company is to provide effective media solutions and leverage on technology to help brands, companies, and businesses identify, target, acquire, and retain the right audience for their products and services. It serves a broad client base, working with large enterprises, mid-sized brands, and direct-to-consumer startups. 

The Company has already acquired 76.79% stake in Adlift. This has opened the doors of the Company into the US, since Adlift has a subsidiary in US called Adlift Inc. The Company and AdLift are present in India with offices in two cities - Mumbai and Gurgaon, and a compact in-house studio in Mumbai with a green screen set up, which is used for internal content (founder videos, interviews), and support production activities like green screen, editing and voiceover coordination. 

Its corporate promoter, Concept Communication Limited (Concept Communication) is an integrated

communication agency with a professional team. The Company derives a significant portion of its revenue from Concept Communication Limited constituting 12.62% (on consolidated basis), 44.12%, & 14.48% (on standalone basis) of its total revenue from operations in Fiscal 2026, 2025 & 2024 respectively. 

The Company’s revenue from operations was Rs 60.24 crore (on consolidated basis) during FY26 as against Rs 18.05 crore (on standalone basis) during FY 24. Its net profit before minority interest was Rs 8.03 crore (on consolidated basis) during FY26 as against Rs 1.90 crore (on standalone basis) during FY24.

Indorient Financial Services is the book running lead manager, and Bigshare Services Private Limited is the registrar of the offer. 

The equity shares are proposed to be listed on BSE SME Platform.

Liqvd Digital India 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 September 16, 2026, with the RoC (“RHP”). 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,  https://indorient.in/ , the website of the BSE at www.bseindia.com and the website of the Company at https://liqvd.asia/. 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 30 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 issue 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”): Since this is a SME issue pursuant to Regulation 246 of the SEBI ICDR Regulations, SEBI shall not give 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 446 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of the SME Platform 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 452 of the RHP for the full text of the disclaimer clause of BSE.

 

Sonaselection India Limited has allotted 42,90,000 Equity Shares at ₹99 per Equity Share (including a share premium of ₹89 per Equity Share), aggregating to approximately ₹42.47 crore, to 3 Anchor Investors.

Mumbai, September 16, 2026: Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in the production of value-added products, has allotted 42,90,000 Equity Shares at ₹99 per Equity Share, including a share premium of ₹89 per Equity Share, aggregating to approximately ₹42.47 crore, to 3 Anchor Investors.

The Anchor Investor Bid/Issue Period opened and closed on Wednesday, September 16, 2026, ahead of the Company’s Initial Public Offering, which opens on Thursday, September 17, 2026.

The Anchor Investors include:

Astorne Capital VCC - Arven - 53.53% ( 22,96,350 shares)

India Max Investment Fund Limited - 23.24% (9,96,900)

Lord Multigrowth Fund - 23.23% (9,96,750)

Sonaselection India Limited - IPO Details

Particulars

Details

IPO Opens

Thursday, September 17, 2026

IPO Closes

Monday, September 21, 2026

Price Band

₹94 to ₹99 per Equity Share

Face Value

₹10 per Equity Share

Minimum Bid Lot

150 Equity Shares and in multiples of 150 Equity Shares thereafter

Issue Size

Fresh Issue of up to 14,300,000 Equity Shares

Listing

BSE and NSE

Allocation

QIB – Not more than 50%; NII – Not less than 15%; Retail – Not less than 35%

About Sonaselection India Limited

Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production of value-added products. Leveraging advanced technology, established production capabilities and stringent quality systems, the Company converts raw textiles into finished, high-quality fabrics.

The Company manufactures 100% cotton fabric, cotton lycra or stretch fabric, cotton blends and polyester blends. Its processing capabilities cover 100% cotton, cotton blends, polyester-viscose and polyester fabrics.

Its manufacturing facility is located in Bhilwara, Rajasthan, widely known as the “Vastranagari”, and is spread across approximately 49,540 square metres. The facility has an installed processing capacity of 82.44 million metres per annum.

In Fiscal 2026, the Company expanded into the readymade garments segment through its wholly owned subsidiary, Sionnah Enterprises Private Limited, strengthening its vertical integration between fabric manufacturing and downstream garment production.

Flipkart Announces Big Billion Days 2026 with 'Luck Badal Sakta Hai' Campaign

The campaign builds on last year’s ‘Yahan Kuch Bhi Ho Sakta Hai’, bringing a new twist to Flipkart’s flagship festive event

The main campaign film features Rohit Sharma, Sreeleela, Aneet Padda, Jackie Shroff and Samay Raina, as an ordinary day takes a series of unexpected turns

Big Billion Days 2026 kicks off with early access on 8 October 2026, bringing customers across India a festive season of discovery, value and celebration

Bengaluru, 16 September 2026: Flipkart, India’s homegrown e-commerce marketplace, today announced Big Billion Days 2026, its flagship festive event, with early access beginning on 8 October 2026. The announcement marks the launch of its new campaign, ‘Luck Badal Sakta Hai, Yahan Kuch Bhi Ho Sakta Hai’. Building on last year’s ‘Yahan Kuch Bhi Ho Sakta Hai’, the campaign takes the idea further, bringing a new twist to the unexpected moments and possibilities that define Big Billion Days. 

The campaign’s main film brings this idea to life through the story of an ordinary young man caught in a streak of bad luck, reliving the same ill-fated day on a loop. As his Flipkart purchases during Big Billion Days change the course of each encounter, moments of misfortune turn into unexpected strokes of luck. The film features Rohit Sharma, Sreeleela, Jackie Shroff, Aneet Padda and Samay Raina, who appear at different points in the protagonist’s reset day.

Pratik Shetty, Vice President and Head of Growth and Marketing, Flipkart, said, "Last year, ‘Yahan Kuch Bhi Ho Sakta Hai’ captured the unexpected moments that make Big Billion Days special. This year, we wanted to take that idea a step further and explore what happens when those unexpected moments actually change your luck. ‘Luck Badal Sakta Hai’ brings that thought to life through a story that is relatable, entertaining and rooted in the role that shopping can play in changing an everyday moment. The campaign brings together familiar faces and unexpected twists to create a distinctly Big Billion Days experience for our customers.”

The campaign has been conceptualised by Leo Burnett.

Link to the full film: https://www.youtube.com/watch?v=AatGYlKbSKs

About the Flipkart Group

The Flipkart Group is one of India’s leading digital commerce entities with a strong technology-first foundation and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money. Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI payments. Beyond shopping, Flipkart continues to create jobs, empower entrepreneurs, and strengthen India’s digital economy.

Flipkart Creates Over 2.5 Lakh Employment Opportunities This Festive Season, Including 75,000 First-Time Workforce Entrants

Flipkart Creates Over 2.5 Lakh Employment Opportunities This Festive Season, Including 75,000 First-Time Workforce Entrants

Nearly 30% of the 2.5 lakh employment opportunities are for first-time workforce entrants, creating pathways into formal employment across communities in India

60% of new opportunities are in last-mile delivery, supported by 900+ new festive delivery hubs and growing demand across Tier 2 and Tier 3 markets

Women now represent over 20% of Flipkart’s supply chain workforce, while nearly 10,000 people have received certifications through Flipkart’s Supply Chain Operations Academy

Bengaluru, 15 September 2026: Flipkart, India’s homegrown e-commerce marketplace, today announced the creation of more than 2.5 lakh direct and indirect employment opportunities, including gig workers, for the festive season. Nearly 75,000 of these opportunities, close to 30%, are for people entering the workforce for the first time, creating pathways into employment across communities in India. These opportunities span more than 7,000 Ekart facilities across the country, including fulfilment centres, sortation hubs and last-mile delivery operations.

With over 900 new festive delivery hubs and nearly 1.4 lakh additional last-mile employment opportunities, Flipkart is expanding its delivery network to meet rising customer demand ahead of Big Billion Days. Last-mile opportunities account for 60% of the new employment created this season, reflecting the expansion of Flipkart Minutes as well as growing demand across Tier 2 and Tier 3 markets.

The expansion is also creating greater opportunities for women and persons with disabilities across Flipkart’s supply chain. Women now represent over 20% of supply chain roles, while participation of persons with disabilities has increased across warehouse and delivery operations.

Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group, said, "Commerce at scale creates opportunity at scale, across jobs, livelihoods and entrepreneurship. The nearly 75,000 people entering the workforce for the first time through Flipkart this festive season are one part of that larger ecosystem. As digital commerce grows across India, our responsibility is to ensure that this growth creates pathways into employment and entrepreneurship for more people, including communities that have historically had fewer opportunities to participate in the formal economy. Our work with the Ministry of Skill Development and Entrepreneurship, NCVET and ITI Kalyani through SCOA is aimed at creating those pathways, so that people can build skills and careers alongside the growth of the sector."

Hemant Badri, Senior Vice President, Supply Chain, Customer Experience and Re-Commerce, Flipkart Group, said, “The festive season brings together the full scale of India’s commerce ecosystem, and our supply chain plays a critical role in making that possible. This year, we are expanding our fulfilment and last-mile network significantly to meet rising customer demand, while creating employment opportunities across the country. The addition of over 900 festive delivery hubs and nearly 1.4 lakh last-mile opportunities reflects the scale at which the network is growing, particularly as Flipkart Minutes expands and demand continues to deepen across Tier 2 and Tier 3 markets.”

Flipkart’s Supply Chain Operations Academy (SCOA) has awarded nearly 10,000 certifications ahead of the festive season, with trainees gaining hands-on experience across supply chain operations. The programme is delivered in partnership with the Ministry of Skill Development and Entrepreneurship, NCVET and ITI Kalyani.

Flipkart’s marketplace ecosystem also enables millions of sellers, merchants and small businesses to reach customers across India, creating opportunities for entrepreneurship and participation in the country’s growing digital commerce economy. 

Flipkart also continues to support its supply chain workforce through programmes including medical and accident insurance, 24x7 Doctor on Call and support for e-Shram registration.

About the Flipkart Group

The Flipkart Group is one of India’s leading digital commerce entities with a strong technology-first foundation and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money. Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI payments. Beyond shopping, Flipkart continues to create jobs, empower entrepreneurs, and strengthen India’s digital economy.

 For media queries, please write to: media@flipkart.com 

National Stock Exchange of India Limited’s Initial Public Offering to Open on 17th September 2026, Price Band set at Rs 1,700 – Rs 1,785 Per Equity Share of face value of Rs. 1 each

Price band of Rs 1,700 – Rs 1,785 per Equity Share bearing face value of Rs. 1 each (“Equity Shares”)

Anchor Investor Bidding Date – 16th September 2026

Bid/Offer Opening Date 17th September 2026 and Bid/Offer Closing Date 21st September 2026

Minimum Bid Lot is 8 Equity Shares and in multiples of 8 Equity Shares thereafter

11 September, Mumbai: National Stock Exchange of India Limited has fixed the price band of Rs 1,700/- to Rs 1,785/- per Equity Share of face value Rs. 1/- each for its initial public offer.

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

Investors can bid for a minimum of 8 Equity Shares and in multiples of 8 Equity Shares thereafter.

Equity shares outstanding as on date 2,475,000,000 equity shares of Rs. 1 each.

The IPO, with a face value of Rs 1, is an offer-for-sale up to 126,436,650 equity shares by corporate selling shareholders - State Bank of India, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte Ltd, MS Strategic (Mauritius) Ltd, The New India Assurance Company Ltd, SBI Capital Markets Limited (SS), Bank of Baroda, Stock Holding Corporation of India Limited, General Insurance Corporation of India Limited, and United India Insurance Company Limited. 

The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with no more than 50% reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors (RIIs).

National Stock Exchange of India (NSE) began its operations in 1994 and was the first exchange in India to implement electronic or screen-based trading. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices and market data feeds. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE is the world’s largest derivatives exchange by trading volume (contracts) for calendar year 2025 as per the statistics maintained by Futures Industry Association (FIA). NSE is ranked third in the world in equity segment by number of trades (electronic order book) in 2025, as per the statistics maintained by World Federation of Exchanges (WFE).

NSE has been the largest stock exchange in India in terms of total turnover in cash market and total turnover in equity derivatives (based on notional turnover for equity options) from Fiscal 20011 to Fiscal 2026 and the three months period ended June 30, 2026, and have also been the largest stock exchange in India in terms of total turnover in exchange-traded currency derivatives (based on notional turnover for currency options) from Fiscal 20092 to Fiscal 2026 and three months period ended June 30, 2026, according to the Redseer Report. 

According to World Federation of Exchanges, compared to the leading listed stock exchange groups globally, the company is the largest multi-asset class exchange in terms of number of trades in cash equities and contracts traded in equity derivatives in Fiscal 2026 and the three months period ended June 30, 2026, with a global market share of 11.38% in number of trades in cash equities and 51.18% in contracts traded in equity derivatives in Fiscal 2026, and a global market share of 10.68% in number of trades in cash equities and 50.22% in contracts traded in equity derivatives in the three months period ended June 30, 2026. 

The company is a “first level regulator” in India, and in that role are committed to providing equal, unrestricted, transparent and fair access to the stock market to all market participants, including investors, issuers and intermediaries, while maintaining orderly and efficient market functioning and safeguarding investor interests.

Its Unique Registered Investors base has grown at a compounded annual growth (CAGR) of 26.23% from 30.87 million as of March 31, 2020 to 132.37 million as of June 30, 2026, while the aggregate Market Capitalisation of Listed Entities on its platform (Mainboard and EMERGE) grew at a CAGR of 25.89% during the same period. 

In the three months period ended June 30, 2026, and in Fiscal 2026, Total Fund Mobilisation of ₹6.19 trillion and ₹20.33 trillion was raised through its platform, respectively. Investors on the stock exchange span over 99% of Indian postal codes as of June 30, 2026, thereby democratising access to financial opportunities. As of June 30, 2026, the company supported 261.36 million registered investor accounts, 1,328 trading members, 132.37 million Unique Registered Investors and 3,005 Listed Entities with a Market Capitalisation of Listed Entities of ₹474.08 trillion.

As of Fiscal 2026 and three months period ended June 2026, the company maintains leading market share positions in India across key asset classes, with market share of 92.99% and 93.05%, respectively, in cash market (based on total turnover), 99.79% and 99.72%, respectively, in equity futures (based on total turnover), 74.71% and 68.48%, respectively, in equity options (based on premium turnover), 99.48% and 100.00%, respectively, in exchange traded currency futures (based on total turnover), 100.00% and 100.00% for exchange-traded currency options (based on total premium turnover), according to the Redseer Report. Further, it had a market share of 85.65% and 81.15%, respectively, in value of trades in listed and unlisted corporate bonds (executed on over-the-counter (OTC), request for quote (RFQ) and anonymous platform and settled through clearing corporations in India) in Fiscal 2026 and three months period ended June 2026, according to the Redseer Report.

The company has also established key market institutions to create a holistic ecosystem and serve as a one-stop platform for trading, listing and settlement. Its non-trading businesses provide complementary revenue sources and serve market participants' diverse needs, as described below:

Clearing and settlement - It established NSE Clearing Limited (NCL) in August 1995 for offering clearing and settlement services in India.

Indices - It commenced offering index services in May 1998 and currently provide these services through NSE Indices Limited (NSE Indices) 

Data analytics, news and market updates - It established NSE Data and Analytics Limited (NSE DAL) in June 2000 to offer data analytics services, providing comprehensive real-time market data, benchmark data, fixed income valuations and analytical tools to institutional investors, asset managers and regulators.

Foreign currency denominated trading – It established NSE International Exchange (NSEIX) as a subsidiary of the company in Gift City in November 2016 in GIFT City to enable Indian and foreign entities to trade in foreign currency-denominated securities and financial products, and access international financial markets, allowing trading for nearly 21 hours a day

The company provides a robust, scalable and secure platform for market participants and investors. It continuously adapts its technology infrastructure to meet investor needs and evolving market requirements. Its platform processed an average of 12.46 billion messages daily during the period from April 1, 2024 to June 30, 2026, with 21.89 billion peak order messages processed in a single day on March 24, 2026, on which date 201.00 million trades were executed and on June 4, 2024, its platform processed a total of 293.85 million peak trades in a single day. 

The platform can also process nearly 5 million messages per second with microsecond response time for cash market, equity derivatives and exchange-traded currency derivatives. 

In the three months period ended June 30, 2026, and in Fiscal 2026, the company enabled the capital mobilisation of over ₹1.29 trillion and ₹4.78 trillion in equity capital and facilitated total fund mobilisation of ₹6.19 trillion and ₹20.33 trillion through its platform, respectively, which it believes is evidence of its central role in India's capital formation architecture.

Its revenue from operations was Rs 4,560 crore for the June 2026 quarter as compared to Rs 4,032 crore a year earlier. Its net profit was Rs 3,121 crore in the June 2026 quarter as compared to Rs 2,811 crore a year earlier.

Kotak Mahindra Capital Company Limited, JM Financial Limited, Morgan Stanley India Company Private Limited, Citi Global Markets India Private Limited, HSBC Securities & Capital Markets India Private Limited, JP Morgan India Private Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited, Avendus Capital Private Limited, Axis Capital Limited, DAM Capital Advisors Limited, Equirus Capital Limited, HDFC Bank Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Pantomath Capital Advisors Private Limited and 360 ONE WAM Limited, are the book-running lead managers.

MUFG Intime India Private Limited is the registrar to the issue.

The equity shares are proposed to be listed on BSE.

National Stock Exchange of India 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 10th September, 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, https://investmentbank.kotak.com/, https://www.jmfl.com/, https://www.morganstanley.com/about-us/global-offices/asia-pacific/india, https://www.citigroup.com/global/about-us/global-presence/india/cgm-india, https://www.business.hsbc.bank.in/en-gb/regulations/hsbc-securities-and-capital-market, https://indiaipo.jpmorgan.com/, https://anandrathi.com/, https://www.avendus.com/, https://www.axiscapital.co.in/, https://www.damcapital.in/home.aspx, https://www.equirus.com/, https://www.hdfc.bank.in/, https://www.icicisecurities.com/, https://idbicapital.com/index.asp, https://www.iiflcapital.com/, https://www.motilaloswal.com/, https://www.nuvamawealth.com/, https://www.pantomathgroup.com/, https://www.360.one/, 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.nseindia.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 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.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE INDIA. The Equity Shares offered in the Offer have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other applicable law of the United States and, unless so registered, 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. Accordingly, the Equity Shares are being offered and sold (a) within the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act; and (b) outside of the United States in offshore transactions as defined in and in compliance with Regulation S under the U.S. Securities Act ("Regulation S") and the applicable laws of the jurisdiction where those offers and sales are made.

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 470 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 page 475 of the RHP for the full text of the disclaimer clause of BSE.

Horlicks Launches Protein Powder

Horlicks Launches Protein Powder, Bringing Protein into Everyday Nutrition

With 24 g fermented yeast protein and 4 g prebiotic fibre per serve, the new single-serve format is designed to make protein more practical for everyday routines

National, 11th September 2026: Protein is no longer confined to gyms and workout routines, as consumers increasingly look to make it part of their everyday nutrition. As lifestyles get busier and awareness around protein grows, the need is shifting towards quality nutrition that can fit easily into daily routines.

Tapping into this shift, Horlicks has launched Horlicks Protein Powder, designed to make quality protein convenient and easy to integrate into everyday life.

Each serving delivers 24 g of protein and 4 g of prebiotic fibre, in convenient single-serve sachets designed for work, travel and days on the move.

Speaking on the launch, Rajneet Kohli, Executive Director, Foods, Hindustan Unilever Limited, said, “Horlicks has a legacy of over 100 years, built on strong science and nutrition credentials. As we continue to evolve with the changing needs of consumers, protein is a natural extension for the brand. We see an opportunity to make it more relevant and accessible for everyday lifestyles. When we spoke to consumers, one insight that really stood out was that ‘life is a gym’, whether it is rushing through a busy workday, navigating a long commute, carrying groceries or simply keeping up with everything the day demands. This insight led to our larger thought, ‘Your Day Is the Real Workout.’ With Horlicks Protein Powder, our ambition is to make quality protein easier to incorporate into the everyday lifestyles of millions of Indians.”

At the heart of Horlicks Protein Powder is fermented yeast protein, a complete protein source that provides all nine essential amino acids required by the body and is also gut-friendly. The finished product has a PDCAAS (Protein Digestibility-Corrected Amino Acid Score) score of 1.0. The formulation also contains inulin, a prebiotic fibre, and papain, a plant-derived digestive enzyme. In addition, fermented yeast protein is naturally lactose-free. Commenting on the science behind the formulation, Sujatha Jayaraman, Vice President & Head, Foods R&D & Regulatory Affairs, Hindustan Unilever Limited, said, “As consumers become more aware of protein, the conversation also needs to move from simply how much protein a product contains to the quality and completeness of that protein. That thinking shaped the science behind Horlicks Protein Powder. Fermented yeast protein provides all nine essential amino acids, while the finished product has a PDCAAS score of 1.0, a recognised measure of protein quality and digestibility. We have complemented this with inulin, a prebiotic fibre and papain, a plant-derived proteolytic enzyme that aids protein digestion. The result is a science-led formulation that brings together high-quality complete protein with ingredients selected to support protein digestion and gut-friendly nutrition in one product.”

While protein has traditionally been associated with fitness and performance-led nutrition, Horlicks Protein Powder has been developed around a broader reality: everyday life itself can place demands on nutrition and strength. Moving between work and social plans, travelling, spending hours on the road or simply fitting more into the same day can all shape what consumers need from convenient nutrition.

The launch builds on Horlicks’ belief that “Your Day Is the Real Workout”, recognizing the effort that goes into everyday moments that may never look like traditional exercise. Horlicks Protein Powder aims to make quality protein a more natural and accessible part of these modern routines.

Horlicks Protein Powder comes in a convenient format with 28 individual single-serve sachets in each 1 kg pack, removing the need to measure scoops and making it easy to carry and consume through the course of the day. It is available in three variants: Chocolate, Coffee and Unflavored.

The new Horlicks Protein Powder is now available across retail outlets and select online platforms in India.

*Celebrate Ganesh Chaturthi by expressing your creativity with Free Adobe Express Premium*

*Mumbai, Sept 10, 2026:* Ganesh Chaturthi has evolved into one of India's most social festivals, with people sharing everything from pandal visits and home decorations to aarti moments, family gatherings and festive greetings across social media platforms. Today, celebrations are not just experienced in person but are also captured, created and shared digitally.

*With a customer-first approach, Airtel continues to go beyond delivering best-in-class digital benefits that help customers stay connected, express themselves creatively, and share what matters most.*

This festive season, Airtel customers can add a creative edge to their social media celebrations with free Adobe Express Premium. https://www.youtube.com/watch?v=tT0OLT0bHfA *Customers who have not yet claimed their benefit can still activate their Adobe Express Premium access until January 2027.*

With access to premium templates, AI-powered creative tools, images, fonts and design assets, customers can quickly create festive content that stands out across Instagram, Facebook, WhatsApp and other social platforms.

*This Ganesh Chaturthi, customers can:*

• Create personalised festive greetings instead of generic forwards and make every wish more meaningful.

• Design Instagram Stories and Reels showcasing Ganpati decorations, aarti celebrations and family moments.

• Build eye-catching digital invites for community events, society celebrations and festive gatherings.

• Turn darshan moments into share-worthy posts with creative edits, effects and festive themes.

• Create highlight videos and memory reels capturing the journey from Ganpati Sthapana to Visarjan.

As customers increasingly use social media to celebrate and connect, Adobe Express Premium enables them to create content that is more personal, engaging and reflective of their unique celebrations.

The collaboration reflects Airtel's broader commitment to enriching customer experiences beyond connectivity by combining a best-in-class network with innovative digital partnerships. Together, Airtel and Adobe are empowering customers to create, share and celebrate every festive moment with greater creativity and impact

Hero Motors Limited’s Initial Public Offering to open on Wednesday, 16 September, 2026, price band set at Rs 79 – Rs 84 per Equity Share

 

Mumbai, 10 September, 2026: Hero Motors Limited has fixed the price band of ₹ 79- to ₹ 84 - 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, 16 September, 2026, for subscription and close on Friday, 18 September, 2026. Investors can bid for a minimum of 178 Equity Shares and in multiples of 178 Equity Shares thereafter.

The IPO is a combination of a fresh issue of up to Rs 600 crore and an offer-for-sale of equity shares up to Rs 400 crore by Promoters - O P Munjal Holdings, and Hero Cycles Limited.

The proceeds from its fresh issuance worth Rs 190 crore will be used for repayment/ prepayment/redemption in full or in part, of certain outstanding borrowings availed by the company, Rs 200 crore for capital expenditure of the company through purchase of equipment required for expansion in capacity of its Gautam Buddha Nagar, Uttar Pradesh facility, funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

The company is one of India’s leading automotive technology companies engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive original equipment manufacturers (OEMs) in 

United States, Europe, India and ASEAN region (Source - CRISIL Report).

The company is a fully integrated powertrain systems provider offering comprehensive solutions including services for designing, prototyping, validating, developing, and delivering system-level and component-level powertrain solutions for both electric as 

well as non-electric powertrains. 

Its offerings find application in two-wheelers, performance automotive, e-bikes, off-road 

vehicles, electric and hybrid cars, heavy duty vehicles, and electric vertical take-off and landing (eVTOL) categories. The company cater to requirements of its global customers such as BMW AG (BMW), Ducati Motor Holding S.P.A. (Ducati), Enviolo International Inc (enviolo), Formula Motorsport Ltd (Formula Motorsport), HUMMINGBIRDEV Inc. (Hummingbird EV), HWA AG (HWA) and leading global electric bicycle (e-bike) manufacturers and other mobility applications such as aerospace. 

The company is among the few companies that address the requirements of the premium ICE and performance ICE segment that require high-performance transmission systems capable of handling tough torque needs while keeping components lightweight (Source - CRISIL Report). The company is a technology and innovation driven company and has made significant investments into its in-house design and engineering capabilities as well as forging technology partnerships with global players to enhance its expertise and product and service offerings.

The company is recognized for its leadership in the development and production of continuously variable transmissions (CVT), electric vehicle (“EV”) transmission, electric motors, integrated drive units and gear sets. 

ICICI Securities Limited, DAM Capital Advisors Limited, and JM Financial Limited are the book-running lead manager, and KFin Technologies Limited is the registrar of the offer.

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

Notes for Reference: 

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

Fresh Issue   

OFS (equity shares)

Total  

Lower Band (@Rs 79 )

Rs 600 crore

50, 632, 911 shares for Rs 400  crore

Rs 1,000 crore

Upper Band (@Rs 84 )

Rs 600 crore

47, 619, 047 shares for Rs 400  crore

Rs 1,000 crore