Shoppers Stop and RBL Bank launch three-tier co-branded credit cardsGold, Platinum and Black cards bring fashion and beauty rewards, privileges and experiences to Shoppers Stop customers

Mumbai, August 21, 2026: Shoppers Stop and RBL Bank have launched a new three-tier co-branded credit card portfolio, unveiled by Bollywood actor Sara Ali Khan, comprising the Shoppers Stop and RBL Bank Gold, Platinum and Black Credit Cards. Building on Shoppers Stop’s strength as a curator of fashion and beauty, with 50 million+ customers engaging with the brand every year and a 13.5 million First Citizen Club member, the cards extend this curation-led proposition into a differentiated rewards and benefits experience, offering customers enhanced rewards, memberships, welcome benefits and curated experiences.

The partnership brings together Shoppers Stop’s extensive fashion and beauty ecosystem with RBL Bank’s expertise and scale in the credit cards space. The new portfolio is designed to create a differentiated shopping proposition, rewarding customers not only for their purchases but also for their engagement with the Shoppers Stop ecosystem.

Consumers can apply for the card and get the card issued instantly, enabling a seamless onboarding experience. The card’s benefits can be availed from the very first transaction at Shoppers Stop. The card is launched in association with the Bank’s network partner Visa.

Commenting on the launch, Kavindra Mishra, Customer Care Associate, MD & CEO, Shoppers Stop, said, “At Shoppers Stop, we believe that every shopping journey should be rewarding, seamless and memorable. Our partnership with RBL Bank brings together our deep understanding of the Indian shopper with RBL Bank’s expertise in payments and credit cards. The new range of co-branded cards has been designed to create a differentiated ecosystem of rewards, privileges and experiences across fashion and beauty. From accelerated rewards and complimentary memberships to experiences and milestone benefits, we are delighted to give our customers more value at every stage of their journey with Shoppers Stop.”

Speaking on the launch, Bikram Singh Yadav- Head - Credit Cards, RBL Bank said, “As a bank driven by product innovation, our vision for this partnership is to create one of India’s most glamorous credit cards. Designed as a true style companion, this co-branded card is intended to add an element of exclusivity to the fashion experience of customers. It will enable them to enjoy the convenience of a credit card alongside a range of exceptional rewards and privileges.”

Rishi Chhabra, Country Manager, India, Visa, said, “Our focus at Visa remains on elevating everyday lifestyles - bringing consumers more value and choice with every spend. And as shopping journeys evolve, Visa continues to innovate across the payments, making every experience more secure, seamless and intuitive. Through this partnership with RBL Bank and Shoppers Stop, we continue to deliver trust, ease and everyday value, reinforcing Visa as the best way to pay and be paid.”

Customers can choose from three card variants:

RBL Bank Shoppers Stop Gold Credit Card: Complimentary Gold Membership worth ₹750, 10 Extra Reward Points for every ₹200 spent across the Shoppers Stop universe, a welcome gift worth ₹1,000, and quarterly and annual milestone benefits.

RBL Bank Shoppers Stop Platinum Credit Card: Complimentary Platinum Membership worth ₹1,500, 10 Extra Reward Points for every ₹200 spent across the Shoppers Stop universe, a ₹2,000 Shoppers Stop welcome voucher and gift worth ₹2,000, complimentary makeover experience, and enhanced milestone benefits.

RBL Bank Shoppers Stop Black Credit Card: Complimentary Black Membership worth ₹4,500, 15 Extra Reward Points for every ₹200 spent across the Shoppers Stop universe, a ₹3,000 Shoppers Stop welcome voucher and gift worth ₹3,000, complimentary makeover experience, and enhanced milestone benefits.

Across all three variants, cardmembers can earn 4 Reward Points for every ₹200 spent on eligible transactions outside the Shoppers Stop universe, subject to applicable terms and monthly limits. The value of Reward Points varies by card variant, with 1 point valued at up to ₹1 on Black, ₹0.50 on Platinum and ₹0.25 on Gold.

The cards also offer benefits including complimentary Shoppers Stop membership, accelerated rewards, welcome benefits, makeover experiences and quarterly and annual milestone rewards, subject to applicable eligibility criteria and terms.

About Shoppers Stop Limited

Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. Spread across 115 department stores, the Company also operates 11 premium home concept stores, 72 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, NARS, ARMANI beauty, PRADA BEAUTY and SS Beauty, 85 Intune stores and 4 Airport doors, occupying area of 4.5 M sq. ft. Shoppers Stop is home to one of the country's longest running and most coveted loyalty program 'First Citizen Club'. The Company's one-of-a-kind shopping assistance service, 'Personal Shopper' is revolutionizing the way Indians shop, bringing more value, comfort, and convenience to customer experiences. The brand's diversified Omni channel offering spans over 800+ recognized and trusted brands across an incomparable range of products that together serve our overarching objective of delivering customer delight. 

Follow us on:

Shop - www.shoppersstop.com | Corporate Site www.corporate.shoppersstop.com

For media queries- please contact: ankita.jha@dentsu.com; sakshi.shetty@dentsu.com 

About RBL Bank

RBL Bank, a subsidiary of Emirates NBD Bank P.J.S.C., is one of India’s leading private sector banks, with a legacy dating back to 1943.

Headquartered in Mumbai, the Bank has evolved into a dynamic financial institution offering a comprehensive suite of banking products and services across Retail, Commercial, SME, Corporate, Agriculture & Rural, GIFT City-based FCY, NRI, Treasury, Digital Payments, and Wealth Management. It caters to a full spectrum of customers, including individual customer segments ranging from young professionals, small farmers to HNIs, as well as entrepreneurs, startups, small and medium enterprises, large corporations, and government entities. The Bank also has a strong digital offering with significant operations under the digital payments space. 

With a strong focus on innovation, customer-centricity, and digital transformation, RBL Bank serves over 15 million customers through a robust network of 628 branches, 1,339 business correspondent branches (of which 258 banking outlets) spread across 28 Indian states and union territories. Through its International Banking and GIFT City operations, the Bank facilitates cross-border banking, global trade, foreign currency banking, and international wealth opportunities.

RBL Bank is committed to being a ‘Bank of Choice’ by fostering enduring relationships built on trust, transparency, and responsiveness. Backed by a strong capital base and reinforced by top-tier credit ratings, AAA Stable by Crisil, ICRA and CARE Ratings; it continues to strengthen stakeholder confidence. RBL Bank drives financial inclusion, and supports community development through impactful CSR initiatives, and creates a thriving workplace culture for its employees. 

RBL Bank is listed on both NSE and BSE (RBLBANK). For further details, please visit www.rbl.bank.in 

For media queries, please email us at: communications@rbl.bank.in

Blockbuster listing - Lalithaa Jewellery Mart Limited’s IPO

Blockbuster listing - Lalithaa Jewellery Mart Limited’s IPO lists at Rs 265.3 on the exchange, reaches a high of Rs 274.4 on NSE August 24, Mumbai: Shares of Chennai-based Lalithaa Jewellery Mart Limited, which is a jewellery retailer operating under the brand name Lalithaa and caters to southern jewellery markets, listed at Rs 265.3 on the exchange, a premium of 32% to IPO price. The scrip reached a high of Rs 274.4 on the NSE, and Rs 274.3 on the BSE. The scrip closed at Rs 248.4 on the BSE and Rs 248.44 on NSE. As per NSE, the total quantity traded stood at 990.42 lakh shares, on BSE the total Quantity stood at 88.21 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 2,841.3 crore. The Market Capitalisation of the Company at today’s closing price stood at Rs 13,903.19 crore as per BSE and Rs 13,942.37 crore as per NSE. The issue received bids of3,95,22,17,604 equity shares against the offered 6,27,61,403 equity shares, according to data available on the stock exchanges.Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 145.38 times and 11.8 times, respectively. Non-Institutional Investors (NII) portion was subscribed 73.9 times.

India's First Intelligent Energy Center Opened in Navi Mumbai!Solar, EV Charging, and AI Energy Technology All Under One Roof!

Mumbai, Aug 24 (Representative): Sigenergy, a leading company in the global energy technology sector, has launched its first state-of- the-art 'Experience Center' at TTC MIDC in Navi Mumbai. The center was inaugurated on the occasion of 'Sigenergy Day India 2026'. The main objective of this initiative is to accelerate India's green and intelligence-based energy revolution.

This center is not just an exhibition of products, but offers a direct experience of solar energy, battery storage, EV charging, and AI-based energy management technology. Visitors can see firsthand how Sigenergy's advanced products like 'SigenStor', 'SigenStack', and 'MySigen' work together for residential, commercial, and industrial sectors.

Speaking on the occasion, Abhilash Borana, CEO of Sigenergy, said, "India is currently at a critical juncture in its transition to clean and sustainable energy. The adoption of solar energy is growing rapidly in our country, and consumers need smarter options for energy generation, storage, and management. This Experience Center in Navi Mumbai will provide these services right here. Through this platform, people can directly experience our advanced technology, and we will be able to understand their needs to build a stronger relationship."

On this occasion, the company announced the 'EPC Connect 2026' initiative, through which local engineers, contractors, and distributors will receive technical training and demonstrations. Showcasing the complete journey from energy generation to automatic AI-driven management, this center marks an important milestone for India's bright and sustainable future.

Lumino Industries Limited’s Initial Public Offering to open on Thursday, August 27, 2026, Price Band set at ₹ 78 – ₹82 per Equity Share of face value of ₹ 5 each

Price band of ₹78 – ₹82 per Equity Share bearing face value of ₹ 5 each (“Equity Shares”)

Bid/Offer Opening Date – Thursday, August 27, 2026 and Bid/Offer Closing Date – Monday, August 31, 2026

Minimum Bid Lot is 182 Equity Shares and in multiples of 182 Equity Shares thereafter

Mumbai, August 21, 2026: Lumino Industries Limited has fixed the Price Band of ₹78/- to ₹ 82/- per Equity Share of face value ₹5/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 27, 2026, for subscription and close on Monday, August 31, 2026.

Investors can bid for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter.

Equity shares outstanding as on date is 243,578,096 Equity Shares of face value of ₹5 each.

The Offer, with a face value of ₹5 per Equity Share, comprises a fresh up to ₹5,000.00 million and an offer-for-sale up to ₹2,000.00 million by promoters – Devendra Goel and Jay Goel.

The proceeds from its fresh issuance worth ₹3,370 million will be utilized for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company, ₹150.13 million for capital expenditure by the Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility, and 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).

The Company is a product-driven integrated engineering, procurement and construction (“EPC”) player in India, with strong focus on manufacturing (“Manufacturing”) and supplying conductors, power cables and electrical wires and other specialized products and components to the growing power transmission and distribution industry in India. It also manufactures high-temperature low-sag (“HTLS”) conductors used in distribution and transmission lines in India.

The Company supplies conductors, power cables and other specialized products to large EPC players such as Kalpataru Projects International Limited (formerly known as Kalpataru Power Transmission Limited), Jackson Limited, Warora Kurnool Transmission Limited, K.G.N. Electricals, WRSS XXI (A) Transco Limited, Monte Carlo Limited and R.S. Infraprojects Private Limited. It also caters its products to international clients, which include government owned and controlled electricity companies, public enterprises and electricity boards, in countries such as United States of America, Mali, Burkina Faso, Côte d'Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia. Further, in line with its product-driven strategy and integrated operations, the Company also supplies products for captive consumption in the EPC projects executed by it.

Motilal Oswal Investment Advisors Limited, JM Financial Limited and Monarch Networth Capital Limited are the Book Running Lead Managers to the Offer, and Bigshare Services Private Limited is the Registrar of the Offer.

The Equity Shares are proposed to be listed on BSE and NSE.

Lumino Industries Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM https://www.motilaloswal.com/, https://www.jmfl.com/  and https://www.mnclgroup.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://luminoindustries.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 20 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 Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 448 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 450 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 451 of the RHP for the full text of the disclaimer clause of NSE.

Aza Fashions Opens Its 13th Store in Santacruz, Mumbai, Bringing Designer Fashion and Fine Jewellery Together Under One Roof

Mumbai, 20 August 2026: Aza Fashions has opened its 13th store in Santacruz, Mumbai, expanding its presence in one of the city’s most vibrant fashion neighbourhoods. The new destination brings together an expansive edit of India’s leading designers, emerging talent and contemporary luxury, alongside an expansive Araiya by Aza shop-in-shop featuring exquisite lab-grown diamond jewellery.

Designed as a destination for fashion discovery, the Santacruz store brings Aza’s distinctive multi-designer curation to a new generation of Mumbai’s luxury consumer, offering everything from couture and occasion wear to contemporary ready-to-wear and fine jewellery.

The store was inaugurated in the presence of actor Dia Mirza, who joined Aza as the chief guest for the occasion. The evening commenced with a traditional diya-lighting ceremony led by Dr. Alka Nishar, Founder & Chairperson, Aza Fashions; Devangi Nishar Parekh, Managing Director, Aza Fashions and Founder, Araiya by Aza; and Dia Mirza, marking the opening of Aza’s newest Mumbai address.

The launch also saw the unveiling of the Aza x Dia Mirza x Rocky Star cover, bringing together fashion, culture and contemporary design in a special collaboration.

The evening brought together leading names from Mumbai’s fashion, cultural and social circles, including Kubbra Sait, Ira Dubey, and Rochelle Rao, alongside editors, tastemakers and members of the city’s luxury community. Editors and media personalities in attendance included Aishwarya Subramanyam, Barry Rodgers of The Hindu and Nupur Sarvaiya of Khush Magazine. The event was also graced by the presence of several of India’s leading designers, including Rocky S, Payal Singhal, Nachiket Barve, Rohit Doshi and Rajat Tangri.

Guests experienced the store through a series of immersive experiences, including tea leaf reading and block printing, reflecting Aza’s longstanding belief that fashion is as much about discovery and experience as it is about what we wear.

A New Destination for Fashion and Fine Jewellery

At the heart of the Santacruz store is Aza’s expansive designer edit, spanning couture, bridal and occasion wear alongside contemporary fashion from some of India’s most distinctive design voices.

The store also houses an expansive Araiya by Aza shop-in-shop, bringing fine jewellery into the Aza experience. Araiya by Aza offers exquisite lab-grown diamond jewellery, with a collection designed to move effortlessly between everyday elegance and life’s more significant occasions. The jewellery features IGI-certified lab-grown diamonds and reflects Araiya’s vision of modern luxury through exceptional craftsmanship, contemporary design and thoughtful choices.

Together, Aza and Araiya create a complete luxury destination, where clients can discover the look, the jewellery and the finishing details for everything from an intimate celebration to a destination wedding or milestone occasion.

For Aza, the Santacruz store is also a reflection of how the luxury consumer is evolving. Today’s customer is increasingly informed and discerning, looking beyond established names for craftsmanship, individuality and pieces that feel personal and relevant to their own style.

“The luxury customer today doesn’t want to be told what luxury is. They have their own point of view,” says Devangi Nishar Parekh, Managing Director, Aza Fashions and Founder, Araiya by Aza. “They are discovering designers through Instagram, travelling, experimenting with their personal style and becoming much more discerning about what they choose to invest in. Our role at Aza is to keep evolving with them. Santacruz is a reflection of that: a store where discovery is central, where established designers sit alongside new voices, and where fashion and jewellery come together in one experience. Ultimately, we want Aza to be part of the moments people dress for, and the memories they create around them.”

With the opening of Santacruz, Aza continues to expand its physical retail footprint while strengthening its proposition as a destination for Indian designer fashion and contemporary luxury. The new store brings together fashion, fine jewellery, craftsmanship and discovery under one roof, furthering Aza’s vision of making Indian luxury more accessible, relevant and exciting for today’s consumer.

About Aza Fashions

Aza is India’s premier destination for luxury fashion, curating the finest in bridal, couture and ready-to-wear collections for men and women. Founded by Dr. Alka Nishar, Founder & Chairperson, Aza Fashions, and helmed by Devangi Nishar Parekh, Managing Director, Aza Fashions and Founder, Araiya by Aza, Aza showcases leading designers including Anamika Khanna, Tarun Tahiliani, Rimple & Harpreet Narula, Amit Aggarwal and Seema Gujral, alongside emerging and contemporary design talent discovered by Aza.

With boutiques across Mumbai, Delhi, Hyderabad, Kolkata, Ahmedabad and Surat, as well as a global e-commerce platform and app, Aza offers personalised styling, seamless service and worldwide shipping to over 75 countries, bringing Indian craftsmanship to a global audience.

In 2025, Aza expanded into fine jewellery with the launch of Araiya by Aza, its lab-grown diamond jewellery brand. Araiya brings together contemporary design, exceptional craftsmanship and IGI-certified lab-grown diamonds across jewellery designed for everyday elegance, special occasions and modern heirlooms.

For more information: www.azafashions.com

Tempsens Instruments (India) Limited’s Initial Public Offering to Open on Thursday, August 20, 2026, Price Band set at Rs 285 – Rs 300 Per Equity Share

Mumbai, August 17, 2026: Tempsens Instruments (India) Limited (the “Company”) has fixed the price band of Rs 285/- to Rs 300/- per Equity Share of face value Rs 4/- each for its proposed initial public offer.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 20, 2026, for subscription and close on Monday, August 24, 2026. The Anchor Investor Bid/ Offer Date shall be Wednesday, August 19, 2026.

 

Investors can bid for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter.

 

Equity shares outstanding as on date is 80,666,025 Equity Shares of face value of Rs 4, each

 

The Offer comprises a fresh issue aggregating up to Rs 950.00 million and an offer-for-sale of up to 18,500,000 equity shares by the Promoter Group Selling Shareholders, Amit Talesara, Puneet Talesara, Chandra Prakash Talesara and the Other Selling Shareholders, Ankit Talesara, and Nirmal Kumar Pande.

 

The Net Proceeds worth Rs 181.34 million will be utilized for funding certain capital expenditure of the Company towards their electrical heating solutions, and specialized cable solutions, Rs 550.00 million for pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by the Company, and general corporate purposes.

 

The Offer is being made through the book-building process, in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, 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 (NIBs), and not less than 35% to retail individual bidders (RIBs).

The company is a thermal engineering and specialized cable manufacturer, engaged in the design and manufacture of customized temperature sensing solutions, electrical heating solutions and specialized cables. The company's offerings are tailored to address each customer’s technical requirements. By combining the company's technical expertise with a collaborative approach to customer relationships, it delivers solutions that address complex thermal management and cable challenges across diverse industries. With the company's strong sales and operations teams, it is able to respond quickly to client needs, ensuring timely and effective delivery of their customized solutions.

 

According to the F&S Report, the company is the largest manufacturer of contact and non-contact temperature sensors in India in terms of revenue as of March 31, 2026, with a market share of approximately 10.5% in the temperature sensor segment in Fiscal 2026. The company is also the only Indian manufacturer of non-contact temperature sensors as of March 31, 2026, and held approximately 21.3% of the non-contact temperature sensor market share in Fiscal 2026 (Source: F&S Report).

 

Furthermore, the company is one of the largest manufacturers of electrical heaters in India in terms of installed capacity as of March 31, 2026, and are also one of the few players with the capability to manufacture low-voltage process heaters, with ongoing R&D on medium-voltage heaters (Source: F&S Report).

 

The company is also the only manufacturer of fiber optic temperature sensors and thermal profiling systems in India as of March 31, 2026, and the only manufacturer of pyrometers and online thermal imagers in India in Fiscal 2026 (Source: F&S Report).

 

The company offers a diverse product portfolio structured around three core verticals, temperature sensing solutions, electrical heating solutions and specialized cables. The company's products play a critical role in ensuring the safe, efficient and reliable operation of manufacturing processes across multiple industries.

 

The company demonstrates its capabilities through a diverse portfolio of project/original equipment manufacturer (Project/OEM) engagements and a steadily recurring maintenance, repair and operations (MRO) replacement business. The Project/OEM segment represents a high-barrier, approval-driven market characterized by stringent qualification requirements, where winning large, competitive orders for instrumentation in greenfield or brownfield setups underscores the company's technical credibility and customer trust (Source: F&S Report).

From April 1, 2023 until March 31, 2026, the company has served more than 1,000 unique customers. For this purpose, unique customers mean new customers served in the previous three fiscals, excluding repeat customers. Also, between April 1, 2023 and March 31, 2026, the company exported its products to more than 80 countries.

Together with its joint ventures, the company operates 15 manufacturing units across the world, of which ten are located in Udaipur.

 

Its revenue from operations was Rs 444.8 crore in FY26 stood as against Rs 274.8 crore in FY24. Its net profit was Rs 71 in FY26 as against Rs 40.9 crore in FY24.

 

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

 

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

KKR-backed Leap India Limited IPO lists at Rs 166 on the exchange, reaches a high of Rs 166.80 on BSE / NSE

Shares of Leap India Limited List at Rs 166, Up 4%

Stock reached a high of Rs 167 on NSE and Rs 166.80 on BSE

 

Mumbai, August 14, 2026: Shares of Mumbai-based Leap India Limited, 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, listed at Rs 166 on the exchange.

The scrip reached a high of Rs 167 on the NSE, and Rs 166.80 on the BSE.

As per NSE, the total quantity traded stood at 929.16 lakh shares, on BSE the total Quantity stood at 89.32 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1599.41 crore.

The Market Capitalisation of the Company at today’s closing price stood at Rs 6,392.18 crore as per BSE and Rs 6,431.83 crore as per NSE.

The offer, with a face value of Re. 1, consists of a fresh issue of Rs 480 crore and offer-for-sale of Rs 2,000 crore by promoters – Vertical Holdings II Pte Ltd and KIA EBT Scheme 3 (acting through its trustee, Catalyst Trusteeship Limited).

This offer was subscribed nearly 8.38 times.

About the Company

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).

 

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.