Saturday, July 13, 2024

अल्याड पल्याड’ टीमने मानले माध्यम प्रतिनिधींचे आभार




‘अल्याड पल्याड’ या चित्रपटाची बॉक्स ऑफिसवर जोरदार घोडदौड चालू आहे. या चित्रपटाने आपली यशस्वी वाटचाल ५ व्या आठवड्यातही सुरुच ठेवली आहे. चित्रपटाचे यश साजरे करीत असताना आपल्याला पाठिंबा देणाऱ्या प्रसारमाध्यमांच्या प्रती कृतज्ञता व्यक्त करण्यासाठी ‘अल्याड पल्याड’ चित्रपटाच्या टीमने एका विशेष सोहळ्याचे आयोजन केले होते. या कार्यक्रमात चित्रपटाच्या प्रसिद्धीसाठी, तो जास्तीत जास्त लोकांपर्यंत पोहचविण्यासाठी प्रसारमाध्यमांनी केलेल्या अमूल्य सहकार्याची दखल घेत ‘अल्याड पल्याड’ टीमने उपस्थित माध्यम प्रतिनिधींचा भेटवस्तू देत सन्मान केला. 

या चित्रपटाच्या निमित्ताने मराठीत वेगळं काहीतरी करण्याचा प्रयत्न आम्ही केला आणि त्यात प्रसारमाध्यमांनी सिंहाचा वाटा उचलला ही आमच्यासाठी आनंदाची बाब असल्याचे एस.एम.पी प्रोडक्शन्चे निर्माते शैलेश जैन आणि महेश निंबाळकर यांनी सांगितले. 

रसिकांच्या प्रेमापोटी निर्माते शैलेश जैन, महेश निंबाळकर व दिग्दर्शक प्रीतम एसके पाटील आता ‘अल्याड पल्याड २’ आपल्या भेटीला घेऊन येणार आहेत. ‘अल्याड पल्याड’ चित्रपटाचा सिक्वेल ही रसिकांना मनोरंजनाचा नक्कीच आनंद देईल, असा विश्वास दिग्दर्शक प्रीतम एसके पाटील यांनी व्यक्त केला

Thursday, July 11, 2024

REC Limited avails green loan facility of JPY 31.96 Billion (USD 200 Million) from Deutsche Bank AG, Gift City Branch


Gurugram, 10 July 2024 – In a significant step towards sustainable development in India, REC Limited, a leader in the Indian power sector, has successfully availed a green loan of JPY 31.96 Billion (equivalent to USD 200 million) to finance eligible green projects in India. This strategic investment reinforces REC’s commitment to foster sustainable growth, in alignment with the Company’s Green Finance Framework.  
This green facility is a first of its kind successful collaboration between an Indian government entity and Deutsche Bank AG, GIFT City branch. This facility sets a benchmark in the Indian public sector landscape for similar green financing transactions, highlighting a growing commitment to sustainable financing. The facility also marks one of the first JPY-denominated green loan transaction for Deutsche Bank AG, GIFT City.
This facility demonstrates dedication of REC Limited and its partners for supporting projects that meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions throughout India. Additionally, it also reflects the growing momentum towards green financing and the collective efforts of stakeholders to address environmental challenges.
Commenting on this occasion, Mr. Vivek Kumar Dewangan, IAS, CMD, REC said, “This successful transaction is in line with REC’s commitment to enhance its green energy financing and sustainable projects capabilities as well as the global community’s support for sustainable development projects in India. This benchmark transaction is anticipated to pave way for more such collaborations in future which can help in achieving nation’s goals in green space financing.”
Mr Kaushik Shaparia, CEO, Deutsche Bank Group, India said, “Our collaboration with REC underscores our steadfast commitment to advancing environmentally responsible initiatives and promoting sustainable financing within India. This transaction reinforces Deutsche Bank’s expertise in green financing, demonstrating our ability to support clients in their transformation towards a carbon-free future.”

Tuesday, July 9, 2024

सीगल इंडिया लिमिटेड को आईपीओ के लिए सेबी की मंजूरी मिली

 
एलिवेटेड रोड, फ्लाईओवर, पुल, रेलवे ओवर ब्रिज, टनल, हाइवे, एक्सप्रेसवे और रनवे जैसे स्पेशलाइज्ड स्ट्रक्चरल वर्क करने में अनुभव रखने वाली इंफ्रास्ट्रक्चर कंस्ट्रक्शन कंपनी सीगल इंडिया लिमिटेड को इनिशियल पब्लिक ऑफरिंग यानी, IPO के जरिए फंड जुटाने के लिए मार्केट रेगुलेटर, सिक्योरिटी एंड एक्सचेंज बोर्ड ऑफ इंडिया से फाइनल ऑब्जर्वेशन रिसीव हुआ है। 

कंपनी ने 3 मार्च, 2024 को SEBI के पास अपने IPO दस्तावेज दाखिल किए थे।
 
IPO की फेस वैल्यू 5 रुपए है। इसमें 617.69 करोड़ रुपए का फ्रेश इश्यू और प्रमोटर और प्रमोटर ग्रुप सेलिंग शेयरहोल्डर्स और इंडिविजुअल सेलिंग शेयरहोल्डर्स 14.28 मिलियन इक्विटी शेयरों की सेल का प्रस्ताव शामिल है।

ऑफर फॉर सेल में रमणीक सहगल द्वारा 4.28 मिलियन तक इक्विटी शेयरों की बिक्री, रमणीक सहगल एंड संस एचयूएफ द्वारा 7.59 मिलियन इक्विटी शेयरों तक, अवनीत लूथरा द्वारा 5,030 इक्विटी शेयरों तक, मोहिंदर पाल सिंह सेहगल द्वारा 9.27 लाख इक्विटी शेयरों की सेल शामिल है। ऑफर फॉर सेल में परमजीत सहगल भी 5.53 लाख इक्विटी शेयर तक, सिमरन सहगल 9.22 लाख इक्विटी शेयर तक और कंवलदीप सिंह लूथरा 1,677 इक्विटी शेयर तक सेल करेंगे। ऑफर में पात्र कर्मचारियों के लिए सब्सक्रिप्शन के लिए रिजर्वेशन शामिल है।

कंपनी, बुक-रनिंग लीड मैनेजरों के परामर्श से, प्राइवेट प्लेसमेंट, प्रिपरेशियल अलॉटमेंट, राइट्स इश्यू या किसी अन्य मेथड के माध्यम से 123.50 करोड़ रुपए के "प्री-आईपीओ प्लेसमेंट" के माध्यम से स्पेसिफाइड सिक्योरिटीज के एक और एक इश्यू पर विचार कर सकती है। यदि ऐसा प्लेसमेंट पूरा हो जाता है, तो फ्रेश इश्यू का साइज कम हो जाएगा।

ऑफर बुक-बिल्डिंग प्रोसेस के माध्यम से किया जा रहा है, जिसमें ऑफर का 50% से अधिक हिस्सा योग्य संस्थागत खरीदारों को आनुपातिक आधार पर आवंटन के लिए उपलब्ध होगा, गैर-संस्थागत निवेशकों के लिए नेट ऑफर का कम से कम 15% हिस्सा आवंटन के लिए उपलब्ध होगा। नेट ऑफर का कम से कम 35% हिस्सा खुदरा व्यक्तिगत निवेशकों को आवंटन के लिए उपलब्ध होगा।
 
फ्रेश इश्यू से प्राप्त राशि, 118.78 करोड़ रुपए तक उपकरण की खरीद के लिए उपयोग की जाएगी; कंपनी और उसकी सहायक कंपनी, सीआईपीपीएल द्वारा लिए गए कुछ उधारों के पूर्ण या आंशिक पुनर्भुगतान/पूर्व भुगतान के लिए 344.50 करोड़ रुपये; और सामान्य कॉर्पोरेट उद्देश्य के लिए इस्तेमाल होगा।

सीगल इंडिया लिमिटेड की स्थापना जुलाई 2002 में हुई थी और पिछले दो दशकों में यह एक छोटी निर्माण फर्म से इंजीनियरिंग, प्रोक्योरमेंट और कंस्ट्रक्शन (ईपीसी) में एक प्रमुख खिलाड़ी के रूप में विकसित हुई है, जो विभिन्न सड़क और राजमार्ग परियोजनाओं के डिजाइन और विकास में विशेषज्ञता रखती है। 

सीगल ने रोड और हाइवे सेक्टर में 16 ईपीसी और एक HAM प्रोजेक्ट सहित 34 से अधिक परियोजनाएं पूरी की हैं। वर्तमान में, यह 15 ऑनगोइंग प्रोजेक्ट में शामिल है, जिसमें 11 ईपीसी परियोजनाएं और चार एचएएम परियोजनाएं शामिल हैं। इनमें एलिवेटेड कॉरिडोर, पुल, फ्लाईओवर, रेल ओवरब्रिज, सुरंगें, एक्सप्रेसवे, रनवे और मल्टी-लेन हाइवे शामिल हैं। विशेष रूप से, कंपनी ने अपनी पहली एचएएम परियोजना, मलोट-अबोहर परियोजना को निर्धारित समय से 214 दिन पहले पूरा कर लिया।

आईसीआईसीआई सिक्योरिटीज लिमिटेड, आईआईएफएल सिक्योरिटीज लिमिटेड और जेएम फाइनेंशियल लिमिटेड आईपीओ के लिए बुक-रनिंग लीड मैनेजर हैं, और लिंक इनटाइम इंडिया प्राइवेट लिमिटेड ऑफर का रजिस्ट्रार है। इक्विटी शेयरों को बीएसई और एनएसई पर लिस्ट करने का प्रस्ताव है।


RAYS Power Infra Announces Creation of 100% Owned Subsidiary for Gigawatt-Scale Solar and BESS Manufacturing


 
July 09, 2024 — RAYS Power Infra, a leading name in the renewable energy sector, is proud to announce the establishment of a wholly-owned subsidiary dedicated to the manufacturing of solar modules, solar cells, and Battery Energy Storage Systems (BESS) at a gigawatt scale. This strategic move marks a significant step forward in the company's commitment to advancing clean energy solutions.
 
The new subsidiary will focus on setting up large-scale manufacturing facilities, and the company is currently evaluating land options and incentive policies across various states. Details of the plans and the quantum of investment will be disclosed soon, highlighting RAYS Power Infra's commitment to substantial and impactful investment in this venture.
 
Speaking on this momentous occasion, Mr. Ketan Mehta, Managing Director of RAYS Power Infra, stated, "This initiative represents a crucial backward integration step for RAYS Power Infra. Our existing EPC and development businesses will provide robust support to our solar module and cell manufacturing efforts. We have identified a significant quality gap in the current market offerings, and it is imperative to bridge this gap with superior products. Hence, we are embarking on this ambitious journey."
 
In addition, RAYS Power Infra is exploring partnerships with global technology leaders to enhance its product offerings. "We are actively finalizing technology-sharing agreements with renowned global technology leaders. This will enable us to leapfrog in creating products that meet and exceed global standards. This partnership is set to be mutually beneficial, providing our partners with a ready market through RAYS Power Infra's extensive network," Mr. Sanjay Gupta, Executive Director Rays power infra 
 
RAYS Power Infra is committed to making significant strides in the renewable energy sector, ensuring the delivery of high-quality, reliable, and innovative energy solutions.
 
About RAYS Power Infra :Established in 2011, we have been one of the early movers in the solar park regime and have now grown into a well-established player in turnkey solar engineering, procurement and construction (“EPC”) services, catering to the increasing demand for renewable energy in the country. We are also one of the leading integrated solar power company in India with implementation of solar power projects of 1,207 mega-watts peak (“MWp”). On the back of our strong regulatory understanding of State laws for land acquisition and our ability to liaise with State land authorities, we have established a track record of acquiring over 5,700 acres of land for our customers across India. We offer a consultative approach to our customers’ solar energy needs and capabilities, which enables us to provide customized solutions to meet their requirements.
 

Saturday, July 6, 2024

सागरिका म्युझिकची यशस्वी २५ वर्ष पूर्ण 'नानाछंद' द्वारे सादर करणार नाना पाटेकरांमधील गीतकारसंगीत क्षेत्रातील दिग्गजांच्या उपस्थितीत रंगला २५वा वर्षपूर्ती सोहळा





आजवर विविधांगी संगीताची मेजवानी देत रसिक श्रोत्यांचे कान तृप्त करणारे ‘सागरिका म्युझिक’ हे नाव संगीतप्रेमींसाठी नवं नाही. कॅसेट-सीडीच्या काळापासून संगीतप्रेमींसमोर सुरेल संगीताचा अद्वितीय नजराणा सादर करण्याचे व्रत जोपासणाऱ्या सागरिका  म्युझिकने आजच्या सिंगल्सच्या काळातही रसिकांच्या मनावर गारूड करणारी गाणी सादर केली आहेत. 
संगीत क्षेत्रात यशस्वी २५ वर्ष पूर्ण केल्या निमित्ताने सागरिका म्युझिक च्या वतीने एका भव्य समारंभाचे आयोजन नुकतेच करण्यात आले होते. संगीत क्षेत्रातील अनेक नामवंतांनी त्यास आवर्जून हजेरी लावली. आणि सागरिका बाम आणि सागरिका म्युझिकच्या २५ व्या वर्षपूर्तीबद्दल अभिनंदन केले तसेच पुढील उज्ज्वल वाटचालीसाठी शुभेच्छा दिल्या.  
संगीत क्षेत्रात २५ वर्षे पूर्ण केल्याचं औचित्य साधत 'नानाछंद' या अल्बमचे अनावरण याप्रसंगी करण्यात आले यावेळी बोलताना हा अतिशय खास अल्बम रिलीज करताना आम्हाला अतिशय आनंद होत असल्याची भावना सागरिकाच्या वतीने व्यक्त करण्यात आली. 'नानाछंद' या अल्बममधील गाणी नाना पाटेकर यांनी लिहिली असून, संगीतकार नीलेश मोहरीर यांनी संगीतबद्ध केली आहेत. वैशाली सामंत, राहुल देशपांडे आणि स्वप्नील बांदोडकर या तीन सर्वोत्कृष्ट गायकांच्या आवाजात ही गाणी रसिकांना ऐकायला मिळणार आहेत. या अल्बमची मांडणी-निर्मिती विक्रम बाम यांनी केली आहे. वरद कठापूरकर, सचिन भांगरे, विनायक नेटके आणि इतर प्रतिभावान संगीतकारांनी वादन केलं आहे. अवधूत वाडकर, तुषार पंडित आणि अजिंक्य धापरे रेकॉर्डिंग आणि मिक्स इंजिनिअर आहेत.
‘खरंतर अमराठी असूनही मला मराठी लोकांनी, इथल्या संस्कृतीने मला स्विकारलं. अतिशय मेहनतीने आज ‘सागरिका म्युझिक’ दिमाखात उभी आहे त्याला इथली आत्मियता कारणीभूत आहे. आजवर खूप मोठं पाठबळ मला संगीत क्षेत्रातल्या दिग्गजांनी दिलं ते यापुढेही तसेच राहील यात मला अजिबात शंका नाही, असं मनोगत सागरिका बाम यांनी व्यक्त केलं.
‘मी निसर्गात जास्त रमतो. त्यामुळे त्या सगळ्याशी माझी खूप जवळीक आहे. अनेकदा ते शब्द आपसूक ओठावर येतात. त्या शब्दांना निलेशने अतिशय मेहनतीने सुरांमध्ये गुंफलंय त्यातूनच ही गीत निर्मिती झाली. सागरिका म्युझिक आणि सागरिका बाम यांनी या गीतांना सुंदरतेने एका अल्बमच्या  माध्यमातून  प्रकाशित  केलं आहे.  याचा अतिशय आनंद मला आहे. असे भावोद्गगार ज्येष्ठ अभिनेते नाना पाटेकर यांनी काढले.
 या हृदय समारंभात ज्येष्ठ अभिनेते सचिन पिळगावकर, ज्येष्ठ गायिका उत्तरा केळकर गायक सुदेश भोसले यांनीही आपल्या भावना व्यक्त केल्या आणि सागरिका म्युझिकला पुढील वाटचालीसाठी  शुभेच्छा दिल्या.
या अल्बमच्या निमित्ताने नाना पाटेकरांमध्ये दडलेला संवेदनशील गीतकार जगासमोर येणार आहे. आजवर अभिनेता-दिग्दर्शक आणि शेतकऱ्यांना मदत करण्यासाठी ओळखल्या जाणाऱ्या नानांची सुरेल बाजू संगीत प्रेमींसमोर आणण्याचं काम सागरिकाच्या माध्यमातून केलं जाणार आहे. सागरिकाचं हे काम नक्कीच वाखाणण्याजोगं असून, वर्षानुवर्षे स्मरणात राहणारं ठरेल

Friday, July 5, 2024

Sleepwear-focused company S D Retail Limited files DRHP for SME IPO

Ahmedabad-based sleepwear-focused company S D Retail Limited is in the business of designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name “SWEET DREAMS”, has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO) in NSE Emerge.
The IPO, with a face value of Rs 10 per equity share, is entirely a fresh issue of up to 49.60 lakh shares with no offer of sale component.
The proceeds from its fresh issuance will be utilized to Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (“EBOs”), Funding Working Capital Requirement and General Corporate Purpose.
S D Retail Limited offers a diverse range of stylish and comfortable sleepwear for the entire family, celebrating the transition from work to home life and addressing every aspect of leisure time. By combining comfort, style, and functionality. SWEET DREAMS has carved out a unique position in a habitual apparel category, with customers wearing its clothes daily.
The brand primarily targets the modern Indian woman's sleepwear needs, as this demographic is highly engaged with the category across various retail channels. Additionally, S D Retail Limited provides sleepwear for men and children, whose casual attire is often purchased by women in the household. The company boasts one of the broadest selections of sleepwear among Indian apparel retailers, offering a variety of fabrics, colors, and styles, including pyjamas, night sets, nighties, and T-shirts.
S D Retail Limited designs its products to cater to men and women of all age groups, including children aged 2 to 16 years, and ensures fits suitable for various body types and physiques. The company also extends its offerings to adjacent categories such as loungewear, workout wear, athleisure, and work leisure pants.
As of February 29, 2024, the company sells its products through distributors, exclusive brand outlets (EBOs), and multi-brand outlets (MBOs) across various states and union territories in India. Its products are also available on e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and the company's own website, enabling sales both domestically and internationally.
By establishing a pan-India presence through various touchpoints, including EBOs, large format stores (LFS), and MBOs, S D Retail Limited has effectively reached a broad customer base. The company's asset-light model, which involves no ownership of the properties where its stores are located, allows for scalability and efficient opening of new EBOs.
S D Retail clocked a profit of Rs 4.30 crore in the financial year FY23 on revenue from operations of Rs 135.09 crore.
For the eleven months ended February 29, 2024, revenue from operations stood at Rs 144.14 crore, and profit after tax stood at Rs 6.15 crore.
Beeline Capital Advisors Private Limited is the Book Running Lead Manager, and KFin Technologies Limited is the registrar of the issue.


KFC MEETS K-POP



 

INTRODUCING THE ALL-NEW K-POP KOREAN CHICKEN POPCORN

 

Korean twist on the iconic finger lickin’ good Chicken Popcorn

 

Limited edition packaging inspired by the sights and sounds of Korean pop culture also introduced

 



 

 

National, 4th July 2024: Annyeonghaseyo, K-Fans. The newest K-POP idol is here!

 

The hallyu wave is riding high at KFC, with the launch of K-POP, the all-new Korean Chicken Popcorn. It’s the ultimate finger lickin’ good KFC taste, with a Korean twist.

 

Inspired by the vibrant and zingy flavours of Korean cuisine, the limited time offering promises to bring the tastes of Korea to the neighborhoods of India. The all-new Korean Chicken Popcorn is the perfect blend of classic Korean ingredients and flavours such as fiery chili, savory soy and the satisfyingly crunchy sesame.

 

KFC has introduced limited edition packaging inspired by the sights and sounds of Korea in select restaurants as well. The bright and colorful design is filled with cherry blossoms and musical notes which are electrified with a guitar and other musical instruments along with a buzzing disco light, in true K-Pop fashion. The box also adorns Korean architecture, fans, and stylized pink clouds along with funky lettering.

 

Starting at INR 109 only, the all-new KFC K-POP Korean Chicken Popcorn is available for a limited period of time only in Bangalore and Mumbai. KFC K-POP Korean Chicken Popcorn comes in multiple sizes.

So, what are you waiting for? Rush to your nearest KFC or order online through the KFC app or website (www.online.kfc.in) while the offer lasts. Free delivery is available on the KFC app.

Jakson Green Signs a 400 MW Solar PPA with NHPC, Achieving 1 GW of IPP Portfolio



The project is expected clean energy generation sufficient to power around four lakh households annually
Nearly 752,000 MT of CO2 emissions will be eliminated per year
The 400 MW Solar agreement with NHPC propels Jakson Green to a remarkable 1 GW IPP portfolio
New Delhi: July 3, 2024 – Jakson Green, a leading new energy transition platform, announced today the signing of its first Power Purchase Agreement (PPA) with NHPC Limited, India's largest hydropower producer. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development. 

The PPA was signed between Mr. Onkar Yadav, General Manager, NHPC and Mr. Kannan Krishnan, Joint MD, Jakson Green in the presence of Mr. M.K Gupta, Executive Director, NHPC and other senior dignitaries of both companies.
In a competitive bidding process conducted by NHPC last year for pan-India CTU connected projects, Jakson Green successfully won 400 MW Solar capacity, securing a favorable tariff of ₹2.53 per unit. The project is scheduled for commissioning within 24 months of signing the PPA. The power purchased by NHPC for 25 years is provisioned for sale to discoms.
Commenting on this remarkable fleet, Mr. Kannan Krishnan, Joint Managing Director, Jakson Green Private Limited said, “We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW solar PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green. It underscores our commitment to becoming a leading IPP platform in India and contributing to the nation's clean energy transition, while creating value for our stakeholders. Partnering with a prestigious organization like NHPC further validates our capabilities and opens exciting opportunities for future collaborations."

This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create valuable job opportunities during construction and operation phases.
Building on the successful signings of PPAs with SECI and RUVNL earlier this year, the 400 MW solar agreement with NHPC propels Jakson Green to a remarkable 1 GW IPP portfolio. These strategic partnerships solidify Jakson Green's position as a frontrunner in India's clean energy sector, perfectly poised to make a substantial impact on the nation's ambitious renewable energy goals.

About Jakson Green:
Jakson Green, a new energy transition platform backed by India headquartered Infrastructure and Renewable major, Jakson Group, focusses on EPC, IPP, IHP and O&M of new energy assets spanning solar, utility-scale storage, waste-to-energy, fuel cell technologies, gasification-based projects, green hydrogen, and green ammonia projects. Promoted and led by Bikesh Ogra, a renewable sector veteran with over 10GW of experience across 26 countries, the firm has built up an impressive global presence in a short span since its inception and plans to deliver 15GW by 2030.
The firm has recently set up the electrolyser manufacturing unit, besides building and operating green hydrogen assets globally, in line with its vision of being a power-to-X player cumulatively producing over 0.5 million tons per annum of green hydrogen/ammonia by 2030.

Thursday, July 4, 2024

Scale Sherpas Ventures - Introduces A Unique Plug & Play Model in Distribution and Supply Chain – For Startups and MSMSs – “Your Rapid Entry to GT Market”







 

Mumbai,3 July, 2024 – Scale Sherpas, led by FMCG veterans Anjana Ghosh and Atanu Gangoly, is set to transform the landscape for small and mid-sized Indian brands by leveraging a vast network of distributors, super stockists, an efficient end-to-end supply chain, a robust tech platform for tracking sales and goods movement, and a dedicated team for last-mile order booking. Their model, based on a unique concept of aggregation of loads, allows brands to benefit from reduced freight costs and provides the flexibility to send small loads to new markets. Extending its service presently to 41 Top Cities & Towns with population of over 10 lakh, they facilitate faster market activation, lower logistic cost, shared resources (SOs) on the ground, and excellent models for cost efficiency.

 

Scale Sherpas also provides deep functional expertise and comprehensive consulting at every stage of a brand’s lifecycle, ensuring seamless growth. Specializing in the FMCG and CPG industries, they guide companies through the complexities of expansion in the competitive marketplace where many MSMEs operate. Their strategic consultants address critical issues and opportunities in sales distribution, marketing, operational excellence, technology, digital transformation, corporate finance, mergers and acquisitions, sustainability, and ESG. Their goal is to help businesses expand from regional to national presence, supported by an extensive network of trade partners across India.

 

The fast-moving consumer goods (FMCG) sector in India is the fourth-largest and has been expanding at a healthy rate, driven by rising disposable incomes, a growing youth population, and increasing brand awareness among consumers. Market research firm Kantar found that regional brands, which constitute 70% of the FMCG business in the food and beverage category, grew at 13% in the year ending April 2023, outpacing the 9% growth of national brands.

 

India’s unique fabric of regional brands plays a vital role in supporting the local economy, generating employment, and catering to local tastes and flavours. However, these brands face numerous risks that can impact their operations and bottom lines. Scale Sherpas aims to help these companies’ overcome challenges and adopt a long-term, forward-thinking approach to business growth.

 

Anjana Ghosh Managing Director, Scale Sherpas remarked, “We firmly believe that leading a successful business requires the courage to adapt. Doing the right thing is rarely easy but always worth it. MSME businesses are passing through a challenging phase with overall competitive landscapes, entry of global brands, rising input costs, and decreasing margins. Scaling business, reducing costs through efficiency and productivity, adapting to technology, and premiumization are essential for their survival. Our mission is to support businesses that aspire to scale and seek professional help from those with proven track records in building national brands. We enable organizations with creative solutions to navigate complex issues by reimagining their ecosystems, reshaping their portfolios, and reinventing themselves for a better future.”

Wednesday, July 3, 2024

Allied Blenders becomes a billion-dollar company on debut; shares list at 14% premium

Tuesday, July 02, 2024: Allied Blenders & Distillers Limited becomes a billion-dollar company on debut after the shares listed at 14% premium. 

The scrip listed Rs 318.10 per share on BSE, a premium of 13.20% and Rs 320 per share on NSE, a premium of 13.88%. The company's share price closed at Rs 317.85 per share on the BSE, a 13.11% premium, and at Rs 317 per share on the NSE, a 12.81% premium.

As per NSE, the total quantity traded stood at 493.62 lakh shares, on BSE the total Quantity stood at 36.95 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1,677.44 crore. 

Alok Gupta, Managing Director, Allied Blenders & Distillers Ltd said "We are deeply grateful to our investors for their unwavering support and confidence in our vision. The listing of our shares on the exchange marks a significant milestone in our journey, and we couldn't have reached this achievement without your belief in us. This accomplishment is a testament to the hard work and dedication of our entire team and the trust our investors have placed in us. We look forward to continued growth and success together. Thank you for being an integral part of our journey."

The Market Capitalization of the Company at today’s closing price stood at Rs. 8,890.59 Crore as per BSE and Rs. 8,866.81 Crore as per NSE.

The Initial Public Offering of Allied Blenders & Distillers Limited was subscribed 23.49 times. Qualified Institutional Buyer Portion and Non-Institutional Investors Portion and was subscribed 50.37 times and 32.35 times respectively. Employee Portion was subscribed 9.64 times and Retail Portion was subscribed 4.42 times.

The Mumbai-based company is the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022 and also one of the only four spirits companies in India with a Pan-India sales and distribution footprint, and is a leading exporter of IMFL, with an estimated market share of 11.8% in the Indian Whisky market for fiscal 2023. The Company started its journey in 1988 with the launch of flagship brand, Officer’s Choice Whisky which marked their entry into the mass premium whisky segment. 

From 2016 to 2019, Officer’s Choice Whisky was among the top-selling whisky brands globally in terms of annual sales volumes. Over the years, ABD has expanded and introduced products across various categories and segments. 

As of December 31, 2023, their product portfolio comprised 16 major brands of IMFL across whisky, brandy, rum, and vodka. ABDs brands which includes Officer’s Choice Whisky, Sterling Reserve, ICONiQ Whisky and Officer’s Choice Blue, are ‘Millionaire Brands’ or brands have sold over a million 9-liter cases in one year. 

ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.