One-Stop Centres Established in Gulf Countries to Ensure Safety of Women Workers – Ministry of External Affairs

14th August, Mumbai/New Delhi – The Government of India has taken significant diplomatic and humanitarian measures to make the working environment safer, simpler and more accessible for Indian women workers employed in the Gulf countries. To provide immediate and coordinated assistance to Indian women facing difficult or crisis situations, seven state-of-the-art ‘One-Stop Centres’ have been established in major cities across the Gulf.

Minister of State for External Affairs Kirti Vardhan Singh provided this information in response to a question raised in the Rajya Sabha. Rajya Sabha MP Rajeev Singh had sought information regarding the challenges faced by Indians working in the Gulf countries and the steps being taken by India in this regard. In his response, the Minister of State said that nearly 10 million Indian citizens reside in the Gulf countries, 4.5 million in the UAE, 2.7 million in Saudi Arabia, 1 million in Kuwait, 820,000 in Qatar, 670,000 in Oman and 310,000 in Bahrain. Between 2014 and June 2026, a total of 5,025,506 emigrant workers holding ‘Emigration Check Required’ (ECR) category passports were granted ‘Emigration Clearance’ (EC) for overseas employment in the six Gulf countries.

According to the Ministry of External Affairs, the Minister said, “Recruitment can only be through State-run RAs or directly by a foreign employer (FE) that is registered with the concerned Indian Mission/Post. An FE hiring women workers is required to deposit a financial guarantee of US$ 2,500/- with the concerned Indian Mission/Post abroad and the contract between the worker and the employer must be duly attested by the Indian Mission. 7 One Stop Centres have been established in the Gulf (in Manama, Muscat, Doha, Riyadh, Dubai, Jeddah and Kuwait) especially to provide timely, comprehensive and coordinated assistance to Indian women in distress. These One Stop Centres have dedicated helplines, facilitate access to medical and police assistance, extend legal aid and counselling and provide psycho-social support.”

He said, “Established channels have been set up to enable them to reach out to the concerned Indian Mission/Post for assistance, including walk-in appointments, email, multilingual 24x7 emergency numbers, WhatsApp numbers, grievance redressal portal like MADAD/CPGRAMS/eMigrate, and social media channels. Pravasi Bharatiya Sahayata Kendras have been set up in 3 locations in the Gulf, namely, Dubai, Jeddah, and Riyadh, to provide guidance and counselling to Indian workers.”

Minister Singh also shared with Parliament data related to complaints received by Indian Missions and their prompt resolution, noting that most cases were resolved immediately. He further stated that Indian workers travelling abroad are also benefiting significantly from the Pravasi Bharatiya Bima Yojana (PBBY).

Skyways Air Services Limited’s Initial Public Offering to Open on 24th August, 2026, Price Band set at Rs 131 – Rs 138 Per Equity Share of face value of Rs 10 each

Price band of Rs 131 – Rs 138 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)

Bid/Offer Opening Date – 24th August, 2026 and Bid/Offer Closing Date – 27th August, 2026

Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter

Mumbai, 14th August, 2026: Skyways Air Services Limited has fixed the price band of Rs 131/- to Rs 138/- per Equity Share of face value Rs 10/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on 24th August, 2026, for subscription and close on 27th August, 2026.

Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

Equity shares outstanding as on date 11,64,45,244 equity shares of Rs 10 each.

The IPO is a fresh issue of up to 2,88,98,300 equity shares and an offer-for-sale for up to 1,33,33,300 equity shares by promoters Yashpal Sharma (71,20,690 Equity Shares) and Tarun Sharma (24,60,000 Equity Shares.)

Other selling shareholders: Himanshu Chhabra (18,66,000 Equity Shares) and Rohit Sehgal. (18,86,610 Equity Shares.)

The proceeds from its fresh issuance worth Rs 216.78 crore will be for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, Forin Container Line Private Limited, Rs 130.00 crore for funding incremental working capital requirements of the company, and general corporate purposes. Incorporated in 1984, the company is a long-standing participant of India’s air freight forwarding and logistics sector. The company is consistently ranked No. 1 “Air Freight Forwarder” in terms of AWBs generation by World ACD for last four calendar years 2025, 2024, 2023 and 2022 (Source: World ACD Market Data). It means the company handles maximum number of air cargo consignments from India to worldwide. 

The company is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. As part of the continued development of its business, the company has rolled out several proprietary technology products integrated them into its operation.

These platforms support freight booking, shipment tracking, workflow automation and operational reporting, with the objective of improving operational efficiency and enhancing customer satisfaction across the logistics value chain.

With over four decades of industry experience, the company has built a well-integrated logistics infrastructure that offers end-to-end support across the supply chain. 

Its value-added services encompass – 

• Logistics planning and management 

 • Logistics solutions 

 • Cargo handling operations 

 • Warehousing solutions

• Documentation and customs clearance services

• Global connectivity and operational reach

The Company has performance-based agreements with several leading global airlines, including Saudi Cargo, Air India Cargo, Emirates, Lufthansa and Qatar Airways (in the process of renewal).

The company’s revenue from operations was Rs 2,812.9 crore in FY26 as against Rs 1289.1 crore in FY24.

Its net profit was Rs 63.5 crore in FY26 as against Rs 34.49 crore in FY24.

Holani Consultants Private Limited, Shannon Advisors Private Limited and Dolat Finserv 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.

Skyways Air Services 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, 11th August 2026, with the RoC read with Corrigendum dated 12th August, 2026. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs, https://www.holaniconsultants.co.in/, https://www.shannon.co.in/introduction and https://dolatfinserv.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://skyways-air.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 29 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 552 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 552 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 Document. The investors are advised to refer to page 553 of the RHP for the full text of the disclaimer clause of NSE.

 

 

This Independence Day, India’s Shift Towards Higher Life Insurance Coverage Signals Greater Financial Preparedness

Mumbai, August 14, 2026: An analysis of life insurance business data for FY2021–FY2025 compiled by the Insurance Information Bureau (IIB) of India points to an encouraging shift in India’s protection landscape.

The data shows that existing policyholders are progressively strengthening their financial protection by opting for higher levels of coverage. With changes in life cycle, responsibilities evolve. Recognising the same, increasingly, consumers are enhancing their coverage. These trends reinforce growing consumer confidence in life insurance as a long-term financial safety net. They also highlight the benefits of starting one’s protection journey early.

The IIB analysis shows a clear movement towards higher-value life insurance cover across all policy segments over the last five years. Between FY2021 and FY2025, higher sum assured categories witnessed consistent growth, reflecting a clear shift towards enhanced insurance protection and higher coverage levels among policyholders. The share of policies with a sum assured between ₹2 lakh and ₹5 lakh increased by 5.6% points, while the ₹10 lakh–₹25 lakh category gained 2% points. At the higher end of the spectrum, the number of policies with a sum assured exceeding ₹50 lakh grew by 68% from 4.4 million in FY2021 to 7.4 million in FY2025, generating annual premium of ₹975 billion.

Meanwhile, in FY2021, nearly two-thirds (65.1%) of all in-force life insurance policies had a sum assured of ₹2 lakh or less. By FY2025, this proportion had declined significantly to 53.6%. Also, every higher sum assured category registered consistent growth over the same period.

The data also indicates that policyholders are consistently investing more towards their financial protection. While the total number of in-force life insurance policies has remained broadly stable at around 343 million over the five-year period, the average annual premium per policy increased by 42.6%, rising from ₹15,567 in FY2021 to ₹22,195 in FY2025. Together, these trends suggest that policyholders are strengthening their insurance cover over time rather than viewing life insurance as a one-time or tax-saving purchase.

Mr. Kamlesh Rao, Chairperson, Insurance Awareness Committee (IAC)- Life, said, “The IIB data clearly demonstrates that Indians who stay invested in life insurance increasingly recognise its value and strengthen their protection as their lives and responsibilities evolve. It is encouraging to see policyholders consistently moving towards higher levels of insurance cover, reflecting a growing commitment to financial security for themselves and their families. For those who have not yet begun their life insurance journey, the message is simple—the earlier you start, the more time you have to build comprehensive financial protection that can grow alongside your aspirations and responsibilities.”

Several factors are driving the shift towards higher coverage and premium outlay. Growing awareness of the importance of life insurance, rising incomes, inflation, and evolving life stages and responsibilities have all contributed to greater demand for comprehensive protection. The Covid-19 pandemic and its aftermath further highlighted protection gaps, prompting individuals to reassess their financial resilience. At the same time, insurers have introduced more tailored solutions catering to diverse customer needs, making life insurance more relevant and accessible. Importantly, customers have understood the unique value proposition of life insurance. As a long-term protection and financial security tool, it complements other investment avenues. Most other traditional savings or investment products help create wealth whereas life insurance protects against the risks and volatility while doing the same. 

The Insurance Awareness Committee – Life (IAC-Life) said these trends underscore the importance of viewing life insurance as a lifelong financial companion rather than a one-time purchase. Beginning early enables individuals to secure protection at a younger age, benefit from lower premiums, and gradually enhance their coverage as their income, responsibilities and long-term financial goals grow.

IAC-Life will continue to leverage insights from the IIB study to design targeted awareness initiatives that encourage more Indians to begin their life insurance journey early and build lasting financial resilience through adequate and evolving protection.

About Insurance Awareness Committee–Life Insurance:

87% of India continues to grapple with a significant life insurance protection gap, which continues to increase, exceeding 90% amongst those aged 18–35. This growing vulnerability is a threat to families’ financial security and aspirations. Addressing this challenge on a war footing is crucial to maintaining our society’s socio-economic resilience and security. The Insurance Awareness Committee was formed under the aegis of the Life Insurance Council to take action on this issue. Formed in 2019, 25 Life Insurance firms have come together to contribute under the guidance of six CEOs nominated to lead the agenda. Further comprised of a cross-industry marketing team supported by creative/ media agencies, the Insurance Awareness Committee researches, plans, creates and deploys nationwide campaigns that drive awareness, understanding and consideration of life insurance products.

Lalithaa Jewellery Mart Limited's Initial Public Offer to Open on 17 August 2026, Price Band Set at ₹190 – ₹201 per Equity Share of face value of ₹5 each

Price band of ₹190 to ₹201 per Equity Share bearing face value of ₹5 each ("Equity Shares")

Bid/Offer Opening Date – 17 August 2026 and Bid/Offer Closing Date, 19 August 2026.

Minimum Bid Lot is 74 Equity Shares and in multiples of 74 Equity Shares thereafter

Mumbai, 11 August 2026: Lalithaa Jewellery Mart Limited (the “Company”) has fixed the price band of ₹190/- to ₹201/- per Equity Share of face value ₹5/- each for its initial public offer.

The Initial Public Offer ("IPO" or "Offer") of the Company will open on 17 August 2026, for subscription and close on 19 August 2026.

Investors can bid for a minimum of 74 Equity Shares and in multiples of 74 Equity Shares thereafter.

Equity shares outstanding as on date is 499,977,156 Equity Shares of ₹5 each.

The IPO is a fresh issue of up to ₹1200.00 crore and an offer-for-sale up to ₹500.00 crore by promoter of the Company, M. Kiran Kumar Jain.

The Company is a jewellery retailer operating under the brand name Lalithaa, offering a diverse range of gold jewellery, silver jewellery, and diamond jewellery across styles, designed to cater to regional preferences of southern Indian jewellery markets.

The Company strive to serve the southern Indian market with authenticated BIS-hallmarked jewellery through its 61 stores in 51 cities across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and the Union Territory of Puducherry, spread across a total operational area of 650,881 sq. ft., as of March 31, 2026. The Company stands out as a disruptive brand, offering gold jewellery at competitive prices due to its in-house manufacturing capabilities.

In Fiscal 2026, 45 of its 61 stores are in Tier-II and Tier-III cities, contributing to 60.25% of its revenues and reflecting the Company's strategic focus on these high-growth potential markets (Source: CRISIL Report). The Company believes that its emphasis on quality, craftsmanship and design at competitive prices has allowed it to gain this brand position.

Out of a total of 61 stores, in Fiscal 2026, the Company operated 51 stores with an aggregate area of each store more than 5,000 sq. ft. These stores are strategically located across cities and towns in key jewellery consumption markets in the southern India, of which 39 stores are located in Tier-II and Tier-III cities. Its strategy of opening large format stores (more than 15,000 sq.ft) and medium format stores (less than or equal to15,000 sq.ft and more than 5,000 sq.ft) allows it to showcase a wide selection of gold, silver and diamond jewellery, which it believes to be instrumental in driving the Company's growth.

The Company had the highest operating revenue per store amongst key organised jewellery players in India, at ₹410.23 crore, ₹281.62 crore and ₹316.76 crore for Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively (Source: CRISIL Report).

The Company has been able to create a templatised approach for store location, size and overall customer experience, which enables it to scale for growth in existing as well as potentially newer markets.

The Company also offers jewellery schemes such as 'Dhana Vandhanam' and 'Free-yo-Flexi' that attract customers on a repeated basis. These schemes are designed to provide added value and flexibility to its clientele, encouraging them to engage with its brand repeatedly.

The Company operates two manufacturing facilities in Thirumudivakkam, Chennai (operated through the Company) and Maraimalai, Kanchipuram (operated through its wholly-owned subsidiary, Asita Jewellery Manufacturing Private Limited) in Tamil Nadu, having an area of approximately 43,861.96 sq. ft. and 20,000 sq. ft. respectively (Manufacturing Facilities).

The Company has commenced operations of its manufacturing facility at Thirumudivakkam, Chennai from December 2, 2024.

The Company's revenue from operations was ₹25,023.93 crore during FY26 as against ₹16,788.05 crore during FY24.

Its net profit was ₹1,009.82 crore during FY26 as against ₹359.83 crore during FY24.

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

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

Lalithaa Jewellery Mart 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 August 09, 2026, with the Registrar of Companies, Tamil Nadu and Andaman at Chennai. The RHP is made available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e., www.anandrathiib.com and www.equirus.com, the website of the NSE at www.nseindia.com, the website of the BSE at www.bseindia.com, and the website of the Company at www.lalithaajewellery.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 22 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 Registrar of Companies, Tamil Nadu and Andaman at Chennai.

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 RHP page 433 for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE (the Designated Stock Exchange): 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 RHP page 435 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 Document. The investors are advised to refer the RHP page 435 for the full text of the disclaimer clause of NSE.

The Future of BRICS Cities Takes Centre Stage in Mumbai

Mumbai to Host the BRICS Friendship Cities Conclave 2026, Bringing Together 

Global City Leaders, Policymakers and Urban Experts from Across the BRICS 

Nations

Hon'ble Governor of Maharashtra along with Maharashtra Chief Minister Devendra Fadnavis will 

inaugurate the second BRICS Friendship Cities Conclave Tuesday, August 11 at Four Season 

Hotel, Mumbai. The two-day international Conclave will have 15 cities being represented, said Mr. 

Ashank Desai, Vice-Chairman, Mumbai First. 

Mumbai First, a catalyst think-tank, with the support of the Government of Maharashtra and the 

Government of India, was the first to organize such a conference in 2016.

Delegations from Brazil, Russia, India, China, South Africa, Egypt, Iran and Indonesia

will participate in the Conclave, making it one of the most significant international urban

development platforms to be hosted in India under the BRICS Presidency.

Announcing the Conclave, at Mumbai Press Club on Saturday, Mr Desai said the other dignitaries of 

the two-day Conclave include his excellency Governor Shri Jishnu Dev Verma, Hon’ble Chief Minister 

Shri Devendra Fadnavis and the Hon’ble Deputy Chief Minister Shri Eknath Shinde, apart from the 

heads of the participating cities.

The event will have 6 sessions over two days discussing and debating Resilience, Innovation, 

Cooperation and Sustainability by sectoral experts, thought leaders, and government representatives

at the Four Seasons Hotel, Mumbai.

The Conclave is expected to witness the participation of senior representatives from the 

Government of India, the Government of Maharashtra, Municipal Commissioners and senior 

officials from Urban Local Bodies across India, international city delegations, representatives of 

multilateral organisations, academia, civil society and industry.

Over two days, the Conclave will explore practical and scalable solutions to some of the most 

pressing challenges facing cities today. Discussions will focus on urban climate resilience, cooling 

cities, coastal resilience, clean air, affordable housing, low-carbon mobility, artificial intelligence 

for urban governance.

The Conclave has been envisioned as the beginning of an annual BRICS Friendship Cities platform 

that will strengthen long-term cooperation among BRICS cities through sustained dialogue, 

knowledge exchange and institutional collaboration

Mr. Narinder Nayar, Chairma n, Mumbai First, said:

“This Conclave is about moving from dialogue to action. Mumbai First plans to bring cities together to build partnerships that translate into real progress- across infrastructure, mobility, investment, 

and innovation. Let our Conclave be remembered not merely for the conversations we have, but 

for the collaborations we begin; not merely for the friendships we celebrate, but for the future we 

build together. I believe that nations may define the frontiers of diplomacy, but cities build the 

bridges of friendship. It is through these bridges that understanding grows, partnerships flourish 

and the future is shaped.”

Mr. Ashank Desai, Vice-Chairman, Mumbai First, said:

“Mumbai First has also been working with governments outside India and bringing them here to 

work with Maharashtra agency such as BMC, MMRDA and other organizations…

The BRICS event is about getting BRICS countries to discuss the issues at the national & 

international. In 2016, we did a first of its kind event when India was heading the BRICS 

Presidency…This event is the second of that kind where people from other cities such as Brazil,

Russia, India, China, South Africa, Egypt, Iran and Indonesia will come here on 11 & 12 August 

in Mumbai”

Mr. Roger Pereira, Vice-Chairman, Mumbai First, said:

“I believe conferences like BRICS where cities and countries share experiences that work are 

very important. If we are to overcome natural and man-made disasters, some of the BRICS 

countries like China have done pathbreaking work towards clean air solutions. We have a lot to 

learn from them. There are several other instances where individual countries have gone ahead 

and shown to the other countries the way forward. It’s only through such examples that we can 

move forward.”

*Dr. Jaishankar Shares Future Roadmap with African Heads of Mission*

*6th August, New Delhi* – External Affairs Minister Dr. S. Jaishankar participated in the Africa Day 2026 celebrations held in the national capital on 5 August. During the event, he met with African Heads of Mission accredited to India and senior members of the diplomatic community, sharing a roadmap for the future of India-Africa relations. The meeting aimed to further deepen strategic, economic, and defence cooperation between India and the African continent.

According to a statement issued by the Ministry of External Affairs, while addressing the gathering, the External Affairs Minister highlighted the strong ideological and historical foundations of the India-Africa partnership. He said, "Our intertwined histories acquired another dimension, a somber one, during the colonial era, when our peoples suffered under the yoke of colonialism. India and Africa stood together in their common struggle for freedom and for human dignity – and that bonding continues even today"

Dr. Jaishankar emphasized that India is today among Africa’s largest trade and investment partners. Sharing key figures, he noted that bilateral trade between the two sides has reached USD 93 billion, while India’s cumulative investment in Africa has exceeded USD 80 billion. He underlined that Africa, with its young population and abundant natural resources, stands on the threshold of transformation and complements India’s innovation-driven growth journey.

He said, "India stands for an inclusive, demand-driven development cooperation with Africa that enhances local capacity to support national priorities. To this end, I recognize today that Government of India has extended a 190 Line of Credits (LOC), exceeding USD 10 billion for projects in over 40 countries in Africa. So far, more than 220 projects worth USD 4.5 billion have been successfully completed, many others are in the pipeline. "

Reaffirming India’s commitment to the Global South, Dr. Jaishankar said, "At a time when conflicts increasingly impact the Global South, our partnership focusses has also focused on food security. Recent examples include supply of food grains to Burkina Faso, Mozambique, Lesotho, Namibia, Zambia, Zimbabwe, Nigeria, Botswana, and Sierra Leone. Our experience in reviving millet production is also very useful for African nations. In addition, medicines, vaccines, medical equipment, and disaster relief materials have been sent to over 25 African countries in the last 5 years as a gesture of our solidarity. "

Behari Lal Engineering Limited’s Initial Public Offering to Open on Wednesday, August 12, 2026, Price Band set at Rs 271– Rs 285 per Equity Share

 

Price band of Rs 271 – Rs 285 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)

Bid/Offer Opening Date – Wednesday, August 12, 2026 and Bid/Offer Closing Date – Friday, August 14, 2026.

Minimum Bid Lot is 52 Equity Shares and in multiples of 52 Equity Shares thereafter

Mumbai, August 07, 2026: Behari Lal Engineering Limited has fixed the price band of Rs 271/- to Rs 285/- 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 Wednesday, August 12, 2026, for subscription and close on Friday, August 14, 2026.

Investors can bid for a minimum of 52 Equity Shares and in multiples of 52 Equity Shares thereafter.

Equity shares outstanding as on date is 39,039,325 Equity Shares of Rs 10 each

 

The offer, with a face value of Rs 10 per equity share, comprises a fresh issue aggregating up to Rs 93 crore and an offer-for-sale of up to 7,320,001 equity shares by Promoters - Rajesh Garg, Lovlish Garg, Promoter group - Yogita Garg, and Dinesh Kumar Garg HUF and Investor selling shareholder - SG Tech Engineering Private Limited.

 

The proceeds from its fresh issuance worth Rs 19.59 crore will be utilised towards funding purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation at Manufacturing Facility 1, Rs 3.40 crore for purchase and installation of new roof-top solar panels at Manufacturing Facility 1, Rs 36.65 crore for purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2, Rs 3.40 crore for purchase and installation of new roof-top solar panels at Manufacturing Facility 2, Rs 57 lakh for repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company, and remaining amount of the Net Proceeds for general corporate purposes.

 

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).

  

Incorporated in 1995, the company is an integrated iron and steel manufacturing company specializing in customized engineering solutions. According to CRISIL, the company is one of India’s largest metal rolls producers and a leading player in the metal rolls meeting 10-11.5% of the country’s demand in Fiscal 2026.

The company is a manufacturer of metal rolls, engineering castings, alloy steel products, and forging ingots for user industries including steel, power, and heavy engineering. 

It operates two manufacturing facilities in Mandi Gobindgarh, Punjab (manufacturing facilities) which are equipped with capabilities to design, develop and manufacture its products. Further, the company has recently commenced construction for its third manufacturing facility at Mandi Gobindgarh, District Fatehgarh Sahib, Punjab.

With over two decades of experience in the steel industry, the company has over the years honed its product development capabilities, which combined with a modern and fully integrated digital steel melting shop with ladle refining furnace (LRF), vacuum degassing (VD), foundry, heat treatment, machine shops, rolling mills and a skilled workforce, enable it to provide customized components tailored to meet the specific needs of its customers.

Its precision engineered products find application across diverse industries such as automobile, steel, mining, infrastructure and construction, power, aerospace and defence and cement. 

The broad range of industrial applications has also enabled it to cater to a large number of domestic and international customers, and as of March 31, 2026, the company catered to 1,825 customers. Since April 1, 2024, the company has exported its precision engineered components across 5 continents and in 21 countries including Afghanistan, Brazil, Finland, France, Germany, Ireland, Mexico, Nepal, Nigeria, South Africa, Tanzania, UAE and USA. 

The company has over the years built long-term relationship with its customers and it includes BMW Industries Limited, Embross Autocomp Limited, Forge Auto International Limited and Hailstone Innovations Private Limited.

Its products are manufactured using technologically advanced machines such as computer numerical control (CNC) lathes, heavy duty all geared lathes, boring machines, CNC boring machine, roll grinding machines, vertical turning lathe (VTL), CNC VTL, radial drills, Plano Milling Machines and CNC vertical milling machines.

Its manufacturing facilities are equipped with sophisticated equipment and machinery that enable it to produce high quality products and manufacture customised product as per the requirements of its customers. Its customised engineering products include metal rolls, engineering castings, and alloy steel products

Its facilities have received various quality and standard certifications including ISO 9001-2015 for Quality Management, ISO 14001:2015 for Environment Management, ISO 45001:2018 for Occupational Health & Safety Management certificate.

The company is conscious of its role in society and as part of its manufacturing process and business operations has installed rooftop solar panels of around 2 MW for long term sustainable power supply for its offices and manufacturing facilities to reduce carbon emissions, and use of 100% recycled steel scrap to reduce dependency 

on raw materials and support environmental goals.

Its revenue from operations was Rs 534.03 crore in FY26 stood as against Rs 446.08 crore in FY24. Its net profit was Rs 64.64 in FY26 as against Rs 35.79 crore in FY24.

 

Emkay Global Financial Services Limited and Systematix Corporate Services Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the offer.

 

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

 

Beharilal Engineering 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 as August 6, 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 BRLMhttps://www.emkayglobal.com/, and https://www.systematixgroup.in/  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 athttps://www.beharilalengineering.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 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 of face value of ₹ 10 each offered in the Offer have not been, and will not be, registered under the U.S. Securities Act of 1933 (“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 512 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 515 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 515 of the RHP for the full text of the disclaimer clause of NSE.

 

REPLUS Receives ₹43 Crore Funding Under Government’s Flagship Research Development and Innovation Scheme (RDI Scheme)

                                                                       

 

National| 6 August, 2026: Reinforcing its commitment to indigenous innovation and next-generation energy storage technologies, REPLUS Engitech, a subsidiary of Bhilwara Energy, has been selected under the Government of India's prestigious Research, Development, and Innovation Scheme (RDI Scheme). As part of this recognition, REPLUS has been awarded ₹43 crore to advance the development of innovative Battery Energy Storage System (BESS) technologies.

The funding will support the company's efforts to drive cutting-edge research, strengthen indigenous technology capabilities, and contribute to India's vision of building a self-reliant and globally competitive clean energy ecosystem. The flagship initiative, administered by the Department of Science and Technology (DST), Government of India, is designed to accelerate investments in India's research, development, and innovation ecosystem.

Approved by the Union Cabinet, the Government of India’s RDI Scheme was launched to accelerate investment in research, development, and innovation across strategic sectors, with a total outlay of ₹1 lakh crore over six years. Managed through the Technology Development Board (TDB), the initiative supports technology-driven companies working on scalable and commercially viable innovations aligned with India’s long-term industrial and economic priorities.

 

Hiren Pravin Shah, Managing Director and CEO, REPLUS Engitech said, “India’s transition towards sustainable energy will require strong investments in innovation, advanced manufacturing and scalable energy storage solutions. The selection of REPLUS under the RDI Scheme reflects the growing importance of homegrown technology companies in supporting the nation’s long-term energy security and climate ambitions.”

Riju Jhunjhunwala, Vice Chairman of HEG Limited and Managing Director of Bhilwara Energy Limited (BEL) said, “Being selected under the Government of India’s prestigious RDI Fund is an honour and a proud moment for REPLUS. This recognition validates our commitment towards building advanced indigenous energy storage technologies that can support India’s long-term clean energy ambitions. We believe innovation-led manufacturing and scalable battery technologies will play a crucial role in enabling the country’s energy transition journey.

The RDI Scheme has been designed to support transformative technologies across sectors including energy transition, deep technology, artificial intelligence, biotechnology, digital economy, and climate action.

With India witnessing rapid growth in renewable energy deployment, electrification, and advanced manufacturing, REPLUS continues to focus on innovation-driven growth aimed at enabling reliable, efficient, and sustainable energy infrastructure solutions.

 

About REPLUS Engitech Private Limited

REPLUS Engitech Private Limited, a subsidiary of Bhilwara Energy Limited, is a leading Indian technology company driving innovation in Battery Energy Storage Systems (BESS) and advanced lithium-ion battery solutions. Focused on enabling the clean energy transition, the company develops intelligent, safe, and high-performance energy storage solutions powered by indigenous engineering capabilities, including in-house Battery Management Systems (BMS) and Energy Management Systems (EMS).

REPLUS offers a comprehensive portfolio of AI-enabled lithium-ion battery solutions for stationary energy storage across residential, commercial, industrial, utility-scale, transmission & distribution, telecom, and hybrid energy applications. The company also serves the rapidly growing e-mobility sector with advanced battery solutions for electric three-wheelers, light commercial vehicles (LCVs), electric trucks, electric buses, and automated guided vehicles (AGVs).

Operating from its state-of-the-art, fully automated 1 GWh battery manufacturing facility in Pune, with expansion underway to 6 GWh, REPLUS combines world-class manufacturing with cutting-edge technology to deliver reliable and scalable energy storage solutions. Having successfully commissioned over 200 MWh of Battery Energy Storage System (BESS) projects across India and global markets, with more than 1 GWh of projects currently under execution, REPLUS continues to strengthen its leadership as one of India's fastest growing and most trusted Battery Energy Storage System solution providers.

In the e-mobility segment, REPLUS has developed India's first AIS-certified battery pack for Light Commercial Vehicles (LCVs) and has supplied over 5,000 EV battery packs, demonstrating proven performance, reliability, and safety across diverse operating conditions.

To know more, visit https://replusengitech.com/

 

Singapore-based sovereign wealth fund GIC subsidiary’s Gamnat Pte Ltd and Promoter Sunu Mathew lead Rs 371.3 crore investment in Leap India in Pre-IPO round

August 6, 2026 Mumbai – Leap India (formerly known as Leap India Private Limited) (the “Company”), the largest on-demand asset pooling provider in India’s supply chain management sector, has completed its pre-IPO (Initial Public Offering) placement of around ₹ 371.3 crore.  

As per a media advertisement was published in the Financial Express (English) on August 6, 2026. The Company, in consultation with the Book Running Lead Managers to the IPO has undertaken a private placement of 23,351, 100 equity shares for cash considerations, at an issue price of ₹ 159 per equity share (including a premium of ₹ 158 per equity share) which saw participation from Singapore-based sovereign wealth fund GIC subsidiary’s Gamnat Pte Ltd, leading hedge fund Dymon Asia Multi-Strategy Investment (Singapore) Pte Ltd and Promoter Sunu Mathew.

Singapore-based Gamnat Pte Ltd was allocated 17, 610, 000 equity shares of the Company on August 3, 2026 for ₹ 159 per equity share each aggregating to ₹ 279.99 crore. 

Dymon Asia Multi-Strategy Investment (Singapore) Pte Ltd was allotted 3, 144, 600 equity shares each at ₹ 159 per equity share each aggregating to ₹ 49.99 crore. Matyas Possessiones Private Limited, in which promoter Sunu Mathew holds 99% stake, was allotted 1,446, 500 shares each at ₹ 159 per equity share each aggregating to ₹ 22.99 crore.

Leap India IPO opens on Friday, August 7 and closes on Tuesday, August 11. 

Incorporated in 2013, the company utilises its ‘share and reuse’ business model, referred to as pooling, and it is the largest on-demand asset pooling provider in India’s supply chain management sector (based on the number of pooled Assets), according to the F&S Report. As of March 31, 2026, the company has 14.70 million assets and it maintains a pan-India network of 10,100 customer touchpoints. This circular business model of the company supports its customers while reducing environmental impact and enhancing the time and cost efficiency and safety of supply chains for its customers across India.

The company’s service offerings encompass technology-enabled supply chain solutions that suit customer requirements across industries. The company’s solutions help customers to connect different stages of their own value chain, from the point of manufacturing to distribution of goods all the way to the point of sale (retail).

HP Announces the Availability of India-First HP OmniPad 12

Built for the way India works, learns and creates with laptop-like productivity and tablet-like flexibility 

News Highlights

Designed for students, first-time users, and professionals on the move

Comes with a detachable keyboard for a versatile experience 

Qualcomm Snapdragon processors and Android 16 deliver a familiar, intuitive experience

NEW DELHI, August 6, 2026 - HP India today announced the availability of the HP OmniPad 12, an India-first device designed for the way people learn, work, and create. Combining the productivity of a laptop with the portability of a tablet, the HP OmniPad 12 offers users the flexibility to seamlessly switch between work and play.

Designed for students, first-time users, MSMEs and young professionals, the HP OmniPad 12 is built to support modern learning, collaboration and everyday productivity. Whether attending virtual classes, managing business tasks or creating content on the go, the device delivers a versatile 2-in-1 experience that adapts to the needs of today's users. 

Built with versatility at its core, the HP OmniPad 12 features a detachable keyboard, enabling users to effortlessly transition from a touch-first tablet experience to laptop-style productivity. Powered by Qualcomm Snapdragon processors and running on the Android operating system, the device delivers a familiar, intuitive, and responsive experience for everyday computing.

“At HP, we believe technology should reflect the way people use it. The HP OmniPad 12 has been designed specifically for India's diverse and growing user base - from students building new skills to MSMEs running their businesses and first-time users embracing digital opportunities. By combining the productivity of a laptop with the flexibility of a tablet, we've created a device that delivers a simple, intuitive and versatile experience for the way India learns, works and creates,” said Vineet Gehani, Senior Director – Personal Systems, HP India. 

Built for Learning, Work and Everyday Productivity

For students, the device supports virtual learning, note-taking, assignments, reading and content consumption. For MSMEs and professionals on the move, it offers the flexibility to manage documents, customer communication, payments, presentations, video calls and everyday business workflows. To help users get started from day one, the HP OmniPad 12 comes preloaded with leading education and skilling applications, including iPrep (iDream Education), Lexillion (StudyMatix) and Brands.live. 

Key Features: 

Immersive display: A 12-inch 2K multi-touch display features a 16:10 aspect ratio, up to 400 nits of brightness and a refresh rate of up to 90Hz, enabling an immersive experience for reading, note-taking, presentations, entertainment and video calls.

All-day battery life: Up to 18 hours of battery life,, helping users stay productive through a full day of learning, work and collaboration. 

Designed for mobility: Weighing just 600g in tablet mode, the HP OmniPad 12 is designed for mobility across classrooms, homes, offices, shops and customer locations. 

Enhanced collaboration: Quad speakers with DTS Ultra, dual high-SNR microphones, an 8MP front camera and a 13MP rear camera, supporting clearer video meetings, virtual classes, content creation and collaboration. 

Powerful memory and Expandable storage: 8GB LPDDR5 memory, UFS storage options, and an expandable storage of up to 1TB via a microSD media card reader, making it easy to store photos, videos, learning content and work files. 

Reliable connectivity: Stay connected with Qualcomm Wi-Fi 6E, Bluetooth 5.2 and a USB 2.0 Type-C port for seamless connectivity and peripheral support. 

Pricing and Availability:

The HP OmniPad 12 is now available in Denim Blue and Meteor Silver colours across the HP Online Store, Amazon, Reliance, Flipkart, Croma, Vijay Sales and HP World stores at a starting price of Rs. 48,999. It comes with a one-year limited warranty, including parts and labour. 

Launch Offers: 

Get Rs. 5,000 cashback across select banks credit cards 

Get 1-year free subscription worth Rs. 96,000 of GPT 5, Claude4, Gemini 2.5, Perplexity, Grok 4 and DeepSeek on the purchase of HP OmniPad 12 

About HP

HP Inc. (NYSE:HPQ) is a global technology leader redefining the Future of Work. Operating in more than 180 countries, HP delivers innovative and AI-powered devices, software, services and subscriptions that drive business growth and professional fulfillment. For more information, please visit: HP.com.