Alka Meets Alka: Bayer's Alka-Seltzer® Partners with Alka Yagnik in a Memorable New Campaign

For generations of Indians, Alka Yagnik has been synonymous with matters of the heart. Now, Bayer's latest campaign introduces another Alka, Alka-Seltzer® for a very different problem - heartburn.

India, 28th Sept 2026: Bayer’s Consumer Health Division unveiled a new ad film for Alka-Seltzer®, India's first antacid with probiotic. Featuring legendary playback singer Alka Yagnik, it aims to build familiarity and recall for the brand among Indian consumers. The film playfully taps into the coincidence that both the iconic singer and Bayer's product share the name "Alka." While the pronunciation may differ, the association creates an instantly memorable connection, helping consumers better remember the brand while delivering a light-hearted take on matters of the heart versus heartburn. 

Food today is about much more than sustenance. For instance, food is also about seeking comfort in familiar favourites. Bayer's new Alka-Seltzer® ad captures such a familiar experience through a playful, slice-of-life story that uses a light-hearted approach, while establishing a connection with Alka Yagnik. Positioned as India's first antacid with probiotic, Alka-Seltzer® offers a distinctive approach that helps with fast acidity relief while supporting long-term gut health, making it a differentiated antacid solution for today's digestive health needs.

Sandeep Verma, Head of South Asia, Bayer’s Consumer Health Division, said, "One of the biggest tasks for a new brand is becoming part of consumers' consideration set quickly. With Alka-Seltzer®, we saw a unique opportunity to build awareness through a cultural connection that people would instantly recognize and remember. Alka Yagnik’s decision to partner with a brand for the very first time reflects the trust and credibility that Bayer has built over decades. Through relatable stories inspired by everyday experiences, the result is a campaign that combines relevance and everyday consumer insight to help ensure that when acidity and heartburn strikes, Alka-Seltzer® is top of mind."

Ritu Mittal, Head of Marketing and Digital, Bayer’s Consumer Health Division, South Asia Cluster, said, "Antacid communication has traditionally relied on familiar category storylines, so we wanted to introduce Alka-Seltzer® differently. The 'Alka meets Alka' idea gave us a distinctive and memorable creative device: Alka Yagnik for matters of the heart and Alka-Seltzer® for heartburn. Through short-form storytelling designed for digital platforms, the campaign aims to build familiarity and recall for the brand from the outset."

Alka Yagnik, legendary playback singer and Padma Bhushan awardee, said, “I have always believed that the most meaningful messages are the ones people can see themselves in. I’m delighted to be associated with Alka-Seltzer®, a brand I have personally known and trusted, and with Bayer, a name trusted by generations. For me, it’s about being able to enjoy life’s everyday moments to the fullest.”

The campaign is now live across digital and social media platforms.

DVC link:  

Alka-Seltzer, India's First Antacid With Probiotic

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About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. In line with its mission, “Health for all, Hunger for none,” the company’s products and services are designed to support efforts to master major challenges presented by a growing and aging global population and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2025, the Group employed around 88,000 people and had sales of 45.6 billion euros. R&D expenses amounted to 5.8 billion euros. For more information, go to www.bayer.com.

Indians continue to underestimate their retirement corpus need, shows HDFC Pension’s NPS Preference Index 2026

Indians continue to underestimate their retirement corpus need, shows HDFC Pension’s NPS Preference Index 2026

While preference for NPS as a saving instrument rises, knowing the right corpus sits way below recommended levels 

Mumbai, September 28, 2026: HDFC Pension Fund Management Ltd., one of India's leading pension fund managers, today, unveiled the second edition of its flagship research NPS Preference Index Study 2026. The research highlights key behavioural insights amongst Indians towards retirement planning and their preference towards the National Pension Scheme (NPS) as an instrument for retirement planning. The detailed report was unveiled by Mr. S. Ramann – Chairperson, Pension Fund Regulatory and Development Authority (PFRDA) and Mr. Sriram Iyer – MD & CEO, HDFC Pension Fund Management Ltd. 

The 2026 study showed India’s NPS Preference Index rising to 57, up three points from the inaugural 2023 reading of 54. The gain was led by Consideration, which climbed six points to 59, ahead of Familiarity (58, up three points) and Appeal (56, up two points), indicating that Indian savers are moving from passive awareness of NPS to active evaluation of the product. The readings are made on a scale of 0 to 100 by the research team. The other interesting finding was on the ideal corpus required for retirement needs. Indians have estimated their ideal retirement corpus target to Rs 1.5 crore, up from Rs 1.34 crore in 2023. However, this amount remained below ten times average annual household income, pointing to a continued gap between what consumers believe they will need and what retirement actually costs.

Speaking at the unveiling of the second edition of NPS Preference Index Study 2026, Mr. Sriram Iyer – MD & CEO, HDFC Pension Fund Management Ltd., said “As India’s retirement story is building steadily, our industry, guided by our regulator, plays a critical role in empowering Indians with a compelling product proposition that will help them build a strong corpus for their retirement needs. I believe this report, with deep insights into consumer behaviour and sentiments towards NPS, will play a critical role in further sharpening how we enable Indians build their corpus for their retirement. Seeing a rise in preference index is an indication that we are moving in the right direction, however, there is more ground to cover to help consumers know more about the benefits of retirement planning with NPS.”   

He added, “While we are seeing improvement in Consideration for NPS, it is essential to convert this into enrolment. We will pick the insights from the study and focus on areas including sustained education, and engagement with our customers.”

Key findings from NPS Preference Index 2026

NPS Preference Index rose to 57 on a scale of 0 to 100, up three points from the inaugural 2023 reading of 54. 

Gain was led by Consideration, which climbed six points to 59, ahead of Familiarity (58, up three points) and Appeal (56, up two points) - indicating that Indian savers are moving from passive awareness of NPS to active evaluation of the product. 

Regionally, the North recorded the highest Index score at 60, driven by a sharp rise in Consideration, while the East posted the fastest improvement in Familiarity, taking its score to 58. South stood at 57 and the West at 54.

Retirement planning held its place among consumers' top financial priorities, behind medical expenses (45%), emergency corpus building (39%), and child’s education (35%).

Indians have raised their ideal retirement corpus target to Rs 1.5 crore. However, it remains below the recommended corpus, pointing to a continued gap between what consumers believe they will need and what retirement actually costs.

Rising healthcare costs (47%) and age-related health issues (44%) were cited as the leading retirement concerns.

69% of respondents claimed they expected some financial support from family or children after retirement.

Product Enhancements Now Driving Enrolment

Recent enhancements to NPS emerged as the leading trigger for enrolment at 39%, ahead of tax savings (38%) and better returns (36%). Awareness of individual enhancements remained at roughly one in three consumers, with 100% equity investment and flexible payouts among the most recognised changes. Tax free withdrawal after age 60 years (59%) and the product's status as a safe, government regulated instrument (52%) remained its strongest appeal. Despite recent product changes, lock-in period (26%) and mandatory annuity purchase (25%) continued to be cited as leading barriers to adoption, while lack of knowledge, the top barrier in the 2023 edition, fell to fifth place. The shift suggests that knowledge gaps are easing, even as product-related concerns persist.

Consumer Insights on NPS Vatsalya 

The 2026 edition also tracked awareness of NPS Vatsalya, the scheme for minors introduced since the previous wave, finding 28% awareness among parents, of whom 27% reported a full understanding of its features. Tax-saving benefits (44%) and the discipline of long-term saving (41%) were the leading reasons parents cited for enrolling their children.

HDFC Pension’s NPS Preference Index Study 2026

The Preference Index is a proprietary study launched by HDFC Pension Fund Management Ltd. in partnership with Ipsos, an independent market research firm. The 2026 edition is based on face-to-face interviews with 1,812 NPS-aware consumers across 13 cities in India, among SEC A households in a 30–55 age group.

The Study was first launched by the Company in 2023 to mark NPS Diwas. It tracks consumer preference for NPS across three pillars, namely Familiarity, Appeal and Consideration, and is designed to be tracked over time. 

About HDFC Pension

Established in 2011, HDFC Pension is a licensed Pension Fund appointed by Pension Fund Regulatory & Development Authority (PFRDA) to manage pension corpus of citizens enrolled under the National Pension System. HDFC Pension is a wholly owned subsidiary of HDFC Life, one of India's leading Life Insurance Companies. 

HDFC Pension is licensed both as a Pension Fund (PF) and as a Point of Presence (PoP) and is managed by seasoned professionals with vast experience in Insurance & Pension Administration, Risk Management, Banking, Capital Market and Asset Management. The company is committed to delivering superior risk-adjusted returns, strictly adhering to the prudent investment norms and guidelines defined by PFRDA. 

As a PoP, the company aims to provide seamless service to Individuals (under the retail NPS scheme) and Corporate Employees (under the Corporate NPS scheme) by helping them subscribe to NPS and for their ongoing service needs through the life of their investment. 

Nityas Gems and Jewellery Limited IPO Opens on September 30, 2026

Nityas Gems and Jewellery Limited IPO Opens on September 30, 2026

Total Issue Size – Up to 14,456,000 Equity Shares of ₹5 each

IPO Size - ₹108.42 Crore (At Upper Price Band) 

Price Band - ₹70 - ₹75 Per Equity Share

Lot Size – 200 Equity Shares 

Mumbai, September 28, 2026 – Nityas Gems and Jewellery Limited, engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India, proposes to open its Initial Public Offering on Wednesday, September 30, 2026 aiming to raise ₹108.42 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.  

The issue size is 14,456,000 equity shares at a face value of ₹5 each with a price band of 

₹70 - ₹75 Per Equity Share. 

Equity Share Allocation

Net QIB – Not more than 50% of the Issue

NII – Not less than 15% Of the Issue

RII – Not less than 35% of the Issue

The net proceeds from the IPO will be utilized for Funding Working Capital requirements and General Corporate Purposes. The anchor bidding is on Tuesday, September 29, 2026 and the issue will open on Wednesday, September 30, 2026 and will close on Monday, October 05, 2026.

                                                                                    

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

 

Mr. Rajnikant Lallubhai Chanchad, Chairman and Managing Director of Nityas Gems and Jewellery Limited expressed, “The proposed IPO marks an important milestone in our journey. We have built an integrated platform spanning B2B manufacturing and distribution as well as D2C omnichannel retail in lab-grown diamond studded gold jewellery. The proposed deployment of the Net Proceeds towards working capital requirements is intended to support the scale of our operations as we continue expanding our customer base, strengthening our design-led manufacturing capabilities and deepening our presence across channels.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Nityas Gems and Jewellery Limited has scaled its operations across an integrated B2B and D2C model. In Fiscal 2026, the Company reported revenue from operations of ₹2,028.94 million, EBITDA of ₹309.74 million and profit after tax of ₹223.15 million, with an EBITDA margin of 15.27% and a PAT margin of 11.00%. The fresh issue is proposed to primarily support the Company’s working capital requirements, further manufacturing capabilities.”

About Nityas Gems and Jewellery Limited: 

Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India. Its integrated business model comprises B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with D2C omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited. The Company offers jewellery across categories including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflings and bangles, with a strategic focus on lightweight and affordable lab-grown diamond studded gold jewellery.

During Fiscal 2026, the Company served 323 B2B customers. Its B2B network spans 18 states and 2 union territories in India, and it has also served overseas customers in the United Arab Emirates, Australia, Canada, Taiwan and Kenya. Ayaani operates an online storefront and ten physical retail stores across eight cities in India, comprising seven company-operated and three franchise-operated stores.

The Company’s manufacturing facility in Surat, Gujarat has an area of approximately 7,000 sq. ft. and installed production capacity of approximately 360 kg per annum. Its operations are supported by in-house design capabilities and CAD/CAM-enabled tools, with a design portfolio of over 32,000 jewellery designs as of August 31, 2026.

During FY26, the Company achieved Revenue from Operations of ₹2,028.94 million, EBITDA Margin of 15.27% and PAT Margin of 11.00%. 

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Apollo Hospitals’ “My Hands Are Ready” Sets World Record Title with 61,221 CPR Pledges in 30 Days

The campaign reaches students, teachers and staff across 120 institutions, advancing CPR awareness and emergency preparedness ahead of World Heart Day 2026, themed “United for Every Heartbeat.” 

#Mumbai, 2026 Sep XXVIII: ‘Is Navi Mumbai ready to save a life.’ This was the question that set the CPR Pledge Movement in motion by Apollo Hospitals Navi Mumbai.

Conducted from 8 July to 7 August 2026, the movement set out to mobilise 50,000 people to pledge that they would learn CPR and be better prepared to respond in the critical moments before professional medical help arrives. Navi Mumbai not only crossed the target but brought together people from across the city in a collective commitment to being prepared. 

More than 120 institutions, including schools, colleges, workplaces and community organisations, participated in the initiative, bringing together students, teachers, healthcare professionals, employees, families and community members. This initiative sought to encourage people to become more prepared and proactive in responding to medical emergencies. Over the course of the campaign, 61,221 people pledged to learn CPR, turning a simple call to action into a widespread community movement.

The month-long movement culminated with GUINNESS WORLD RECORDS™ officially recognising Apollo Hospitals Navi Mumbai as the record-holder for ‘Most pledges received to learn CPR in one month’, at a special event held in the presence of Dr. Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals Enterprise Limited and actor Karisma Kapoor.  

Dr Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals Enterprise Limited, said, “For ten years, Navi Mumbai has honoured us with its trust. Today, more than 61,000 people have pledged to learn CPR, reminding us of the extraordinary power of a community united by a shared purpose. This is the inspiration behind ‘My Hands Are Ready’, a movement that seeks to place life-saving knowledge into the hands of ordinary citizens across India. There can be no greater way to honour the trust Navi Mumbai has placed in our hands than to empower millions more hands to be ready to help save a life.”

The scale of the campaign responds to a significant CPR knowledge-and-action gap in India. More than 700,000 people are estimated to die from sudden cardiac arrest in the country each year, while studies suggest that only 1.3%-9.8% of out-of-hospital cardiac arrests receive bystander CPR. In urban populations, only around 2%-6.5% of laypeople have been reported to be able to perform CPR, and out-of-hospital cardiac arrest survival to hospital discharge remains below 2%-3%. These figures underline the importance of equipping ordinary citizens to act before professional help arrives. Through “My Hands Are Ready”, Apollo Hospitals is helping turn willingness to help into the confidence and preparedness to take the right action when it matters most.

Mr Arunesh Punetha, Regional CEO- Western Region, Apollo Hospitals, said, “We want to take the message beyond Navi Mumbai and encourage people across India to learn CPR and feel prepared to respond when a life may depend on those standing closest. This movement is about giving ordinary people the courage to step forward for another life. That is what makes it more than a campaign. It is a commitment to society, to every life, every family and every one of us. Through ‘My Hands Are Ready’, it is a promise we make to each other. And it is a promise we make to India.”

Dr Nitin Jagasia, Regional Director – Emergency, Western Region, Apollo Hospitals, said, “When someone suffers a cardiac emergency (their heart stops), the first person at the scene is often not a healthcare professional but a family member, colleague, friend or passer-by. The ability to recognise this and initiate CPR can make all the difference while professional help is on its way. This movement by Apollo is to encourage thousands of people to take the first step towards acquiring this essential basic skill. Every person who learns CPR becomes better equipped to respond during those crucial early moments.”

At its heart is a simple idea: our hands are already capable of caring, helping and protecting. With the right knowledge and training, they can also be ready to respond when a life is at risk.

Overwhelming Response to Liqvd Digital India Limited’s IPO; Issue Subscribed 5.08 Times on Final Day of Bidding

Mumbai, September 25, 2026: The Initial Public Offering of Liqvd Digital India Limited was subscribed 5.08 times on the final day of bidding.

The issue received bids of 3,86,12,000 equity shares against the offered 75,94,000 equity shares, according to data available on the stock exchanges. 

Retail and Qualified Institutional Buyers (QIB) Portion were subscribed 1.43 times and 1.00 times, respectively. Non-Institutional Investors (NII) Portion was subscribed 21.02 times.

Company Information

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

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

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

 The company and AdLift Marketing are present in India with offices in two cities - Mumbai and Gurgaon, and a compact in-house studio in Mumbai with a green screen set up, which is used for internal content (founder videos, interviews), and support basic production activities like green screen, editing and voiceover coordination.

German Green Steel and Power Limited Raises Rs 91.16 Crore from Anchor Investors

 

Mumbai, September 24: German Green Steel and Power Limited, which is a vertically integrated iron and steel manufacturer primarily operating with a presence in Gujarat with a main focus on TMT Bars, has garnered Rs 91.16 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Friday, September 25, 2026.

The company informed the bourses that it allocated 65,58,991 equity shares at Rs 139 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include Necta Bloom VCC – Necta Bloom One, Lords Multigrowth Fund, Compact Structure Fund, Arnesta Global Opportunities Fund PCC – Arnesta Global Fund 1, Zeal Global Opportunities Fund and Venus Investments VCC – Venus Stellar Fund.  

Systematix Corporate Services Limited, Emkay Global Financial Services Limited, and Pantomath Capital Advisors Private Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar of the offer.

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

IPO Details

German Green Steel and Power Limited has fixed the price band of Rs 132 to Rs 139 per Equity Share of face value Rs. 10/- each for its maiden initial public offer.

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

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

The IPO, with a face value of Rs 10, is a fresh issue up to Rs 290 crore and an offer for sale for up to 10,00,000 equity shares by promoters – Inamulhaq Shamsulhaq Iraki, and Abdulhaq Shamsulhaq Iraki.

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

The proceeds from its fresh issuance worth Rs 226.3 crore will be utilised for funding the capital expenditure requirements of the company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (Project), Rs 7.6 crore for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company, and general corporate purpose.

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

Company Information

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

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

The company’s TMT bar manufacturing capabilities range from 8 mm to 40 mm. Further, in Fiscal 2026, and it received a Green Steel certificate from the National Institute of Secondary Steel Technology, Mandi Gobindgarh, pursuant to which its TMT bars were accorded a 5-star green steel rating, which is the highest green steel rating.

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

 

SRIT India Limited IPO Opens on September 28, 2026

SRIT India Limited IPO Opens on September 28, 2026 

Total Issue Size – Up to 16,800,000 Equity Shares of ₹5 each

IPO Size - ₹218.4 Crore (At Upper Price Band)

Price Band - ₹123 - ₹130 Per Equity Share

Lot Size – 115 Equity Shares 

Mumbai, September 24, 2026 – SRIT India Limited, a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company, proposes to open its Initial Public Offering on Monday, September 28, 2026 aiming to raise ₹218.4 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.  

The issue size is 16,800,000 equity shares at a face value of ₹5 each with a price band of 

₹123 - ₹130 Per Equity Share. 

Equity Share Allocation

Net QIB – Not more than 50% of the Issue

NII – Not less than 15% Of the Issue

Individual Investors – Not less than 35% of the Issue

The net proceeds from the IPO will be utilized for Funding of capital expenditure requirements towards modernization of existing products and redevelopment, Funding working capital requirements, Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes. The anchor bidding is on Friday, September 25, 2026 and the issue will open on Monday, September 28, 2026 and will close on Wednesday, September 30, 2026.

                                                                                    

The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited, The Registrar to the Issue is KFin Technologies Limited.

 

Dr. Nambiar Raghavan Madhusoodan, Managing Director & Chief Executive Officer of SRIT India Limited expressed, “The IPO marks an important milestone in SRIT’s journey of more than two and a half decades. We have built our capabilities around designing, implementing and operating mission-critical digital platforms across e-governance, telecommunications and broadband, and healthcare. The proposed deployment of the Net Proceeds towards product modernization, working capital and strategic growth initiatives is intended to support the next phase of our business as we continue strengthening our technology capabilities and expanding our solution portfolio.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “SRIT India Limited has developed a track record of executing large-scale digital transformation projects for Government entities and Enterprises. As of June 30, 2026, the Company had an outstanding Order Book of ₹12,047.17 million. In Fiscal 2026, revenue from operations stood at ₹4,499.99 million, with Operating EBITDA of ₹647.74 million and PAT of ₹432.89 million. The fresh issue is proposed to support product modernization, working capital requirements and strategic growth initiatives.”

About SRIT India Limited:

SRIT India Limited is a Bengaluru-headquartered IT/ITeS solutions company offering digital solutions and automation of systems through custom application development and integration services. The Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets. It is strengthening its AI capabilities through AI-enabled solutions across its core verticals and has implemented large-scale, mission-critical projects.

Operations are organised across three verticals electronic governance, telecommunications and broadband, and healthcare delivered through a full-service stack spanning architecture and design, build and integration, data migration, deployment and continuous operations and maintenance. Delivery processes are appraised at CMMI V3.0 (DEV) Maturity Level 5 (Optimizing) and Systems Security Engineering Capability Maturity Model, and carry nine ISO certifications spanning information security, IT service management, quality, environmental and occupational health and safety. 

During FY26, The Company achieved a Revenue of ₹ 4,499.99 million, EBITDA Margin of 14.39% & PAT Margin of 9.62%. 

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Liqvd Digital India Limited’s IPO Sees Strong Demand, Issue Fully Subscribed on First Day

 

· Non-institutional investors portion subscribed 3.77 times on Day 1

 

· Issue closes on Friday, September 25, 2026, for bidding

 

 

Mumbai, 23 September 2026: The Initial Public Offering of Liqvd Digital India Limited was subscribed 1.03 times on the first day of bidding, demonstrating strong demand from qualified institutional buyers (QIB) and non-institutional investors for this IPO.

 

The issue received bids of 78,34,000 equity shares against the offered 75,94,000 equity shares, according to data available on the stock exchanges.

 

Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) portion were subscribed 3.77 times and 1.00 time respectively. Individual investors was subscribed 0.04 time.

 

The issue kicked off for subscription on Wednesday, September 23, 2026, and will close for subscription on Friday, September 25, 2026.

 

IPO Details

The offer, with a face value of Rs 5 per equity share, comprises a fresh of up to Rs 34.13 crore and an offer-for-sale up to 9,02,000 equity shares by promoters – Arnab Mitra.

 

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

 

Investors can bid for a minimum of 4,000 Equity Shares and in multiples of 2,000 Equity Shares thereafter.

 

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

 

Company Information

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

 

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

network, and web and application development.

 

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

 

The company and AdLift Marketing are present in India with offices in two cities - Mumbai and Gurgaon, and a compact in-house studio in Mumbai with a green screen set up, which is used for internal content (founder videos, interviews), and support basic production activities like green screen, editing and voiceover coordination.

 

National Stock Exchange of India lists at Rs 1800 on the BSE, reaches a high of Rs 1845 on BSE

September 24, Mumbai: Shares of National Stock Exchange of India, which is the largest stock exchange in India in terms of total turnover in cash market and total turnover in equity derivatives (based on notional turnover for equity options) from Fiscal 2001 to Fiscal 2026 and the three months period ended June 30, 2026, listed at Rs 1800 on the exchange.

The scrip reached a high of Rs 1845 on the BSE.

As per BSE, the total quantity of traded shares stood at 116.53 lakh shares.

The Market Capitalisation of the Company at today’s closing price stood at Rs 4,55,400.00 crore as per BSE.

The company had offered a nearly Rs 22,561.6 crore issue for subscription from Thursday, September 17, 2026, to Monday, September 21, 2026.

The initial public offering (IPO) of National Stock Exchange of India was subscribed 5.71 times. The book-building issue received bids for 50,58,11,384 shares against 8,86,42,911 shares offered.

The portion for non-institutional investors (NIIs) was subscribed 6.55 times and for retail investors got 1.39 times subscription. The qualified institutional buyers (QIBs) portion was subscribed 12.68 times.

Mr. Ashishkumar Chauhan, MD & CEO of NSE, speaking on the occasion of NSE’s listing, said, “Today marks a historic milestone in NSE’s journey. Organisations like NSE are built once in a lifetime, and the Exchange has played an important role in transforming India’s capital markets and building an ecosystem founded on trust. NSE represents the aspirations of India’s future, and what is good for India is good for NSE. I thank SEBI, the Government of India, our investors and all stakeholders who have supported us throughout this journey. As we enter this new chapter, we remain committed to strengthening India’s capital markets and contributing to India’s growth story.”

About the Company

Incorporated in 1992, the company is the largest stock exchange in India in terms of total turnover in cash market and total turnover in equity derivatives (based on notional turnover for equity options) from Fiscal 2001 to Fiscal 2026 and the three months period ended June 30, 2026, and is also the largest stock exchange in India in terms of total turnover in exchange-traded currency derivatives (based on notional turnover for currency options) from Fiscal 20092 to Fiscal 2026 and three months period ended June 30, 2026, according to the Redseer Report.

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

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

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

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

 

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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