Sleepwear-focused company S D Retail Limited’s Initial Public Offering to open on Friday, September 20, 2024.

Sleepwear-focused company S D Retail Limited’s Initial Public Offering to open on Friday, September 20, 2024, price band set at ₹ 124/- to ₹ 131/- per Equity Shares

Price Band of ₹124/ – ₹131/- per equity share bearing face value of ₹10/- each (“Equity Shares”). 

Issue size: ₹ 64.98 Cr (upper price band).

The IPO will open for subscription on Friday, September 20th, 2024 and close on Tuesday, September 24th, 2024

Lot Size: 1000 Equity Shares 

QIB Quota: 23,54,000 Equity Shares (Including Anchor Reservation)

HNI Quota: 7,07,000 Equity Shares 

Retail Quota: 16,49,000 Equity Shares 

Market Maker Portion: 2,50,000 Equity Shares 

Ahmedabad-based Sleepwear-focused company S D Retail Limited (“The Company”) is in the business of designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name “SWEET DREAMS”. The company has fixed the price band of ₹124/- to ₹131/- per Equity Share of face value ₹10/- each for its Initial Public Offering (“IPO” or “Offer”). Retail Investors, HNIs, and QIBs can bid for IPO from Friday, September 20th, 2024, to Tuesday, September 24th, 2024. 

The proceeds from its fresh issuance worth Rs 16.48 crore will be utilized for Capital expenditure to be incurred by the Company for setting up new exclusive brand outlets (“EBOs”), Rs 35 crore for Funding Working Capital Requirements, and the rest for general corporate purposes.

The Company 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 modern Indian women'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, colours, and styles, including pyjamas, night sets, nighties, and T-shirts.

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. The company has an established track record of around 20 years, and the Promoter and Managing Director, supported by an experienced team, have been instrumental in their growth.

The company tends to strengthen its leadership position in the sleepwear market and focus on additional product launches, expand its retail network with a focus on EBOs, leverage technology to shift towards D2C sales and strengthen its online presence by capitalizing on the e-commerce trend.

S D Retail clocked a profit of Rs 7.59 crore in the financial year FY24 as compared to a net profit of Rs 4.3 crore in FY23. Revenue from operations had increased by 20.34% from Rs 135.08 crore in FY23 to Rs 162.55 crore in FY24, primarily due to an increase in sales of products & Export Incentive during the year, EBO’s business, LFS business, Online business, doing well as compared to FY23.

Beeline Capital Advisors Private Limited is the sole book running lead manager, and KFIN Technologies Limited is the registrar of the issue.

Manba Finance Limited’s Initial Public Offering to open on Monday, September 23, 2024, price band set at ₹114/- to ₹120/- per Equity Share

Price Band of ₹114/– ₹120/- per Equity Share bearing face value of ₹10/- each (“Equity Shares”)

Bid/Offer Opening Date – Monday, September 23, 2024 and Bid/Offer Closing Date – Wednesday, September 25, 2024.

Minimum Bid Lot is 125 Equity Shares and in multiples of 125 Equity Shares thereafter.

The Floor Price is 11.4 times the face value of the Equity Share and the Cap Price is 12.0 times the face value of the Equity Share.

Mumbai, September 18, 2024: Manba Finance Limited, a NBFC-BL providing financial solutions for New two-wheeler (2Ws,) three-wheeler (3Ws), electric two-wheeler (EV2Ws), electric three-wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans, has fixed the price band of ₹114/- to ₹120/- per Equity Share of face value ₹10/- each for its maiden initial public offer. 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, September 23, 2024, for subscription and close on Wednesday, September 25, 2024. Investors can bid for a minimum of 125 Equity Shares and in multiples of 125 Equity Shares thereafter.

The IPO is entirely a fresh issue of up to 1,25,70,000 shares with no offer of sale component.

The proceeds from its fresh issuance will be utilized to augmenting the capital base to meet the Company’s future capital requirements.

Manba Finance commenced its business in 1998 as a NBFC from Mumbai, Maharashtra and scaled up its operations from 2009 by way of growth in number of branches and locations across states. Its branches are located in urban, semi-urban and metropolitan cities and towns which serves the surrounding rural areas.

It is based out of Mumbai, Maharashtra and operates out of 66 Locations connected to 29 branches across six (6) states in western, central and north India. It has established relationships with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. It has recently expanded its loan portfolio to Used Car Loans, Small Business Loans and Personal Loans and it intends to leverage its existing network to further penetrate the market with its new products.

It provides financial solutions to salaried and self-employed individuals with a quick turnaround time (TAT) for loan sanction and disbursement. 

About 97.90% of its loan portfolio comprises of New Vehicle Loans with an average ticket size (ATS) of around ₹ 80,000 for two-wheeler loans and an average ticket size (ATS) of around ₹ 1,40,000 for three-wheeler loans. 

Manba Finance funds upto 85% of the purchase price (on road price) of the vehicle proposed to be acquired by the customer, basis the internal credit policies, LTV and the customer’s existing cash-flows, CIBIL score and the collateral. 

Manba Finance had the one of the highest share of Two-wheeler loans at 92% of AUM in fiscal 2024. It also had the third highest AUM per branch at Rs 14.41 crore among Arman Financial, Baid Finserv, Berar Finance, Hero Fincorp, MAS Financial, Muthoot Fincorp, and TVS Credit, and the fastest growth in branches with a CAGR of 40.3%. 

Manba Finance's Assets Under Management (AUM) increased from Rs 495.83 crore in fiscal 2022 to Rs 936.86 crore in fiscal 2024. with a CAGR of 37.46%.

Manba Finance clocked a profit of Rs 31.41 crore in the financial year FY24, up 89.50% from Rs 16.58 crore in the previous year. Revenue during the year FY24 increased significantly to Rs 191.59 crore from Rs 133.32 crore in the previous year, an increase of 43.71%, primarily due to an increase in interest income.

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

Hem Securities Limited is the sole book running lead manager, and Link Intime India Private Limited is the registrar of the issue.

DISCLAIMERS: MANBA FINANCE LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has filed the red herring prospectus dated September 16, 2024 filed with the RoC (“RHP” or “Red Herring Prospectus”) with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the BRLM i.e., , the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com Hem Securities Limited at www.hemsecurities.com and the website of the Company at www.manbafinance.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 titled “Risk Factors” on page 34 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision and instead should place reliance on the RHP. The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act or any state securities laws in the United States, 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 in the United States. Accordingly, the Equity Shares are being offered and sold only outside the United States in "offshore transactions", as defined in, and in compliance with, Regulation S and the applicable laws of the jurisdiction where those offers and sales are made

DISCLAIMER CLAUSE OF 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 Document. The investors are advised to refer to page 399 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 Red Herring Prospectus has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the Red Herring Prospectus. The investors are advised to refer to the Red Herring Prospectus for the full text of the Disclaimer clause of the BSE Limited.

DISCLAIMER CLAUSE OF NSE (The Designated Stock Exchange): 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 the Offer Document for the full text of the 'Disclaimer Clause of NSE'.

Leading Industry Brands Join Flipkart’s 11th Edition of The Big Billion Days as Sponsors

Bengaluru - September 18, 2024: Flipkart, India's homegrown e-commerce marketplace, announced the sponsors of the much-awaited annual shopping festival of India, The Big Billion Days, today. Joining the celebration are Samsung as the title sponsor, Intel is the technology sponsor, Acer, Aristocrat (part of VIP group), and Nothing are associate sponsors, and boAt is the vibe sponsor. Powered by innovation, The Big Billion Days (TBBD) is known for driving incremental growth for the entire ecosystem, including sellers, MSMEs, and Kirana partners, creating new seasonal job opportunities, and providing great offers to millions of customers to enjoy the festive season. As part of the festive preparations to cater to rising demand across the country, Flipkart has created over 1 Lakh new jobs within its supply chain this year.

This year, The Big Billion Days has attracted unprecedented advertiser interest, not only from traditional hardline categories like Electronics and Mobiles, but also witnessing a remarkable surge from emerging sectors such as travel accessories, apparel, footwear, beauty, grooming, and food products. The growth across these diverse categories highlights the immense scale and reach of this event, making it a truly comprehensive platform for brands and sellers across all industries. In terms of diversity of participation, numerous new-age D2C brands have come on board as advertisers, seizing the opportunity to connect with consumers across the vast expanse of Bharat. 

Over the last decade, the Big Billion Days have received stellar response from both sellers and customers. Flipkart's 10th Big Billion Days set new records, with over 1.4 billion customer visits and a 2.5x increase in seller business. This iconic event serves as a powerful platform for homegrown, innovative brands to reach a wide and engaged audience, amplifying their presence like never before and showcasing the dynamic growth of India’s entrepreneurial spirit.

Celebrating this patronage, Sandeep Karwa, VP, Flipkart, said, “As the country prepares for the festive season, The Big Billion Days (TBBD) stand as a true celebration of Indian market , uniting customers, brands, and sellers to unlock unparalleled value through attractive  offers and unique opportunities. It's more than just a sale—it's an experience that showcases the power and integrity of e-commerce in India.

We are thrilled to have leading brands like Samsung, Intel, Acer, Aristocrat, Nothing, and boAt as lead partners for the 11th edition of TBBD. Our heartfelt thanks also go out to all the other brands and sellers who continue to trust Flipkart as their platform to connect with billions of customers across more than 19,000 pincodes in India.”

Apurva Jani, Marketing Director, Intel India said, “We are delighted to be the technology sponsor of Flipkart Big Billion Day Sale. As a leader in the AI PC space, Intel has consistently pushed the boundaries of innovation. Our latest offering, Intel Core Ultra is a game-changer. Core Ultra CPUs deliver outstanding performance, extended battery life, seamless application compatibility, and enhanced security—all while harnessing the full potential of AI hardware through our robust software enablement. This is more than just an upgrade; it’s a transformative step forward for the future of computing. Flipkart and Intel coming together gives us an opportunity to connect with billions of Indians and offer the best and the latest Intel Core Ultra AI PCs.”

Sudhir Goel, Chief Business Officer, Acer India, said, "We are excited to partner with Flipkart as the Associate Sponsor for the 11th edition of The Big Billion Days 2024. There is no better partner than Flipkart to reach millions of customers and showcase our commitment to delivering innovative, high-performance laptops that meet the evolving needs of today’s consumers. As one of the most trusted names in technology, we pride ourselves on offering products that combine cutting-edge design, reliability, and exceptional user experiences. Teaming up with Flipkart aligns perfectly with our vision of making top-tier technology accessible to everyone, and we look forward to a dynamic partnership that will elevate both our brand and customer engagement to new heights.”

Neetu Kashiramka, Managing Director, VIP Industries, said, “The VIP group is delighted to be the Associate sponsor of the Big Billion Days 2024. We are the first ever Lifestyle brand to sponsor the event, and it is an indication of our strong relationship with Flipkart. It has been an incredible effort from both teams to make this happen.

With this association we look forward to taking Aristocrat's brand heritage to the entire universe of Flipkart customers and deliver the best value that our brand offers!”

Carl Pei, CEO, Nothing, said, "Flipkart has been a close partner since Nothing's launch in India, playing a key role in helping us become the country’s fastest-growing smartphone brand. The BBD sale, India’s largest shopping festival, presents a fantastic opportunity for us to partner with Flipkart to surprise and delight our users. It’s a great chance for more people to experience our best-selling products, including the CMF Phone 1 and Phone (2a) Series."

Sameer Mehta, Co-founder and CEO of boAt, said, "boAt is thrilled to once again join forces with Flipkart, our esteemed long-standing partner, as the official Vibe sponsor for this year's Big Billion Day (TBBD) festival sale. This event stands out as one of the most significant sales of the year, renowned for its incredible offers and the unparalleled excitement it generates. At boAt, we are powered by innovation, and our collaboration with Flipkart during TBBD showcases our commitment to bringing cutting-edge audio wearable products to the forefront. The Big Billion Days is a driving force for incremental growth across the entire ecosystem, and we're proud to be part of this transformative experience. Together with Flipkart, we look forward to delivering an unforgettable shopping celebration!"

Flipkart is delighted with these associations and is confident that they will elevate the festive season this year making it yet another memorable and enjoyable experience for customers nationwide.

Streax Professional launches Huemagic- the next generation of no-ammonia hair colour

Mumbai, 16h September 2024: Streax Professional, known for its innovation and leadership in the salon products industry, proudly announces the launch of Huemagic, its latest innovation in no-ammonia hair colour. This latest offering was unveiled in Mumbai by brand ambassador Vaani Kapoor, marking a significant milestone in Streax Professional’s ongoing efforts to push the boundaries of hair colour technology and deliver cutting-edge products for hair stylists and consumers alike.

What sets Streax Professional apart is that we’re the only homegrown brand that truly understands Indian hair. Our innovations are tailored specifically to the unique needs of Indian consumers, and innovation has always been at the heart of our brand. 

With Huemagic, Streax Professional continues its legacy of product innovation, offering a gentle colouring & fabulous finish. The no-ammonia formula is long-lasting while being soft on the hair and scalp. Enriched with Vitamin Boost Technology, Huemagic enriched with Vitamin Boost Technology gives a fabulous finish while caring for the hair leaving it fabulous & healthy. Its smooth, gentle application process ensures long-lastingness without the harshness of ammonia, making it an ideal choice for professionals. This revolutionary formula provides a luxurious colour experience, offering both protection and nourishment for healthier, more radiant hair.

Speaking about the launch of this new offering, Bollywood Star Vaani Kapoor and Brand Ambassador for Streax Professional shared her excitement stating, “I am pleased to join and be a part of Streax Professional on this journey. Huemagic Hair Colour is perfect for anyone looking to find a shade that truly speaks to their personality.” 

Rochelle Chhabra, Head, Streax Professional, said about the launch of Huemagic, “We are thrilled to introduce Huemagic, a breakthrough in no-ammonia hair colour. At Streax Professional, we understand the heartbeat of the salon industry—every stylist strives for perfection, and every client seeks transformation. Huemagic Hair Colour is a game-changer, offering gentle color and a fabulous finish with no ammonia and the power of Vitamin Boost Technology in its formulation. Huemagic empowers them with the perfect balance of quality and safety. We are confident this product will set new standards for the salon hair Colouring experience.”

Priyanka Puri, Senior Vice President of Marketing at Hygienic Research Institute Pvt. Ltd., expressed her enthusiasm for the launch, stating: "With Huemagic, we’re redefining the hair colouring experience by combining superior long-lasting with a formula that is gentle & fabulous for the hair. Our Vitamin Boost Technology ensures not just beautiful colour but healthier hair, making it an ideal choice for today’s beauty-conscious consumers. We are also delighted to have Vaani Kapoor grace the launch and unveil Huemagic, reinforcing her association with Streax Professional and our commitment to creating innovative solutions."

As part of Streax Professional's mission to blend science with style, Huemagic brings a superior, salon-quality hair colouring experience to women across India, setting a new benchmark for smooth & fabulous hair.

DriveX targets ₹100 crore in revenue for FY25, expanding its retail presence from 57 to 130 by May 2025, with plans to reach 500 by 2027

India, 13th September: DriveX, India's first and largest digital-first auto-tech platform for two-wheelers as good as new, recently launched their 8th company-owned and operated store in Chennai, which raises the total number of retail stores to 57. They also announced a sharp rise in revenue for FY24. With an aggressive plan for network expansion, DriveX has set the revenue target for FY25, expanding its retail touchpoints from 57 to 130 by May 2025 and 500 by 2027. 

“We plan to double our retail touch points from 57 to 130 by May 2025," said Narain Karthikeyan, Founder and Managing Director, DriveX Mobility. “Presently we are retailing about 2,500 used vehicles a month, a huge jump from 25-30 vehicles, which were sold just a couple of years ago. We have identified twice as much demand and are taking the necessary measurements to meet the growing demand.," he added. 

TVS Motor Company owns 48% of DriveX, which has emerged as a major player in the pre-owned two-wheeler market. This year, the company inaugurated its 57th retail touch point in Chennai, marking the latest in a series of aggressive growth stories showcased by the company. "The Chennai store is an important hub for our South India operations, and we are using the rich automotive heritage of the city to enhance our service and scale up further," he added. 

DriveX plans to scale its presence in key northern markets as part of its expansion drive. "Though we have a tiny footprint in the NCR region, we have in our pipeline to establish our refurbishment center in Ghaziabad, which will enable us to get better traction and improve service quality in this market," said Karthikeyan. 

In addition to expanding the retail with a product portfolio of top-quality refurbished two-wheelers, DriveX also offers a specially formulated oil for pre-owned engines. "This is getting good reception and is driving extra market traction," says Karthikeyan. Biking accessories have also emerged, adding another dimension to the company's customer offering. 

Technology remains an important enabler in the growth of DriveX. The company has also developed in-house apps that streamline the vehicle procurement process and make customer interaction much more seamless, resulting in a smooth buying experience for refurbished two-wheelers. This is part of DriveX's strategy to keep them ahead of the curve in a rapidly changing marketplace. 

This ambitious roadmap for DriveX envisages a pan-India presence with 500 retail outlets by 2027. DriveX is well on its way to transforming the refurbished two-wheeler market across the country, with a strategic focus on innovation, expansion, and customer satisfaction.

Empowering Change: Jubilant Bhartia Foundation and Schwab Foundation for Social Entrepreneurship honours Social Entrepreneur of the Year - India 2024

 The Jubilant Bhartia Foundation and the Schwab Foundation for Social Entrepreneurship, the sister organization of the World Economic Forum, honoured Mr Akshay Saxena of Avanti Fellows with the esteemed Social Entrepreneur of the Year Award - India 2024. The award was presented by Shri Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas in the presence of distinguished personalities from industry, government and civil society at a ceremony held at New Delhi. 

Shri Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas, congratulated the winner and finalists. He appreciated the innovative challenges undertaken by social entrepreneurs in positively impacting lives and environment. Minister Puri said, “Social enterprises have been part of Indian fabric for a very long time. They typically cater to low income communities, typically agriculture, financial inclusion, health and education, clean energy.” He complimented government, social sector and corporates working together in partnership. He highlighted that Social enterprises have played a crucial role in upward mobility of millions of Indians over the years. 

Speaking at the ceremony, Ms. Hilde Schwab, Co-Founder and Chairperson of the Schwab Foundation for Social Entrepreneurship highlighted, “Social entrepreneurs have achieved remarkable milestones by addressing challenges in unconventional ways. Today, when the world is moving from an industrial age to an intelligent age, social entrepreneurs are catalysts for innovation and positive impact, benefiting both people and the planet. Their dedication to delivering impactful solutions for unmet needs has been truly extraordinary.” 

Professor Klaus Schwab, Founder & Executive Chairman of the World Economic Forum and Co-Founder of the Schwab Foundation for Social Entrepreneurship, observed the growing alignment between corporates and social entrepreneurs. He mentioned how India’s social innovation landscape is offering globally relevant models for the sustainable development agenda. “The Schwab Foundation for Social Entrepreneurship is proud to have partnered with the Jubilant Bhartia Foundation in recognizing the outstanding contributions of Indian social entrepreneurs over the past 15 years”, he said.

Mr. Shyam S Bhartia, Chairman and Founder, Jubilant Bhartia Group and Founder Director of Jubilant Bhartia Foundation, congratulated the winner and all the finalists. In a significant announcement, Mr. Shyam Bhartia stated, “I am happy to announce that Jubilant Bhartia Group has signed the Rise Ahead Pledge, a new initiative of the Schwab Foundation and the Global Alliance for Social Entrepreneurship. The Rise Ahead Pledge is a commitment towards increasing investments into social innovation. Thus, Jubilant Bhartia Group has become the first Indian company to sign this pledge.” In alignment with their commitment and the Global Alliance, Mr. Bhartia announced the establishment of the “Jubilant Bhartia Centre for Social Impact” supported by the Schwab Foundation. This centre will nurture emerging innovators and entrepreneurs, foster collaboration among past Social Entrepreneur of the Year (SEOY) winners, and support social start-ups. By offering resources, mentorship, networking opportunities, and world-class facilities, they aim to empower social entrepreneurs to achieve significant societal impact. Additionally, there would be a partnership with IIM-Ahmedabad Ventures.

Mr. Hari S Bhartia, Co- Chairman & Founder, Jubilant Bhartia Group, in his vote of thanks commended the enterprising spirit of social entrepreneurs and said that the corporates can learn from the experience of social innovators, their problem solving abilities to address the needs of the society. 

Shriram Finance Welcomes Cricket Legend Rahul Dravid as Brand Ambassador

 

Mumbai, 10 September 2024: Shriram Finance Ltd., the flagship company of the Shriram Group, proudly announces the onboarding of former Captain and Head Coach of the Indian Cricket Team, Rahul Dravid, as their Brand Ambassador. This partnership unites two iconic entities renowned for their trust and reliability.

A Partnership Built on Shared Values

 

Rahul Dravid, celebrated for his unwavering dedication on the cricket field, epitomizes the core values that Shriram Finance upholds. Just as Rahul was the backbone of Indian Cricket, Shriram Finance has been a steadfast partner in the financial journeys of countless individuals and businesses across the nation.

 

Umesh Revankar, Executive Vice Chairman, Shriram Finance: “At Shriram Finance, our mission has always been to empower our customers by providing them with the financial tools and support they need to succeed. Rahul Dravid, with his commitment and impeccable record in nurturing young talent, aligns perfectly with our goal of enabling growth and success. We are thrilled to have him on board as our brand ambassador.”

 

YS Chakravarti, Managing Director and CEO, Shriram Finance: “Rahul Dravid’s association with Shriram Finance represents a perfect blend of two entities that have consistently demonstrated trust, reliability, and excellence in their respective fields. Just as Rahul has been a pillar of strength for Indian cricket, Shriram Finance has been a reliable partner to our customers, helping them achieve their financial goals with confidence and security.”

 

Rahul Dravid, Former Captain and Coach of the Indian National Cricket Team: “I am honored to be associated with Shriram Finance, a company that has consistently prioritized the needs of its customers. Just as in cricket, where every innings is built on a foundation of trust and resilience, Shriram Finance has been building and supporting the financial journeys of individuals and businesses across India. I look forward to this partnership and to contributing to the company’s continued success.”

 

Shriram Finance is confident that this strategic association with Rahul Dravid will significantly advance its goals. This partnership not only strengthens Shriram Finance’s mission to positively impact the financial well-being of individuals and businesses in India but also reinforces its commitment to the values of trust and reliability that Rahul Dravid personifies on and off the field.

IIFA ANNOUNCES “IIFA DANCE MANIA” – A CHANCE TO EARN A SPOT ON THE GRAND IIFA STAGE!

Your Once-In-A-Lifetime Chance To Shine At The Iconic IIFA Stage With An Acclaimed Dance Troupe And A Leading Bollywood Superstar At Yas Island, Abu Dhabi This September!

To participate visit https://dancemania.iifa.com 

Mark Your Calendar: The Contest Runs from September 6th to 18th, 2024!

6th September 2024: Get ready for the world’s largest celebration of Indian cinema—the International Indian Film Academy (IIFA) Awards! The highly anticipated spectacular event, is set to showcase the finest in Indian cinema, spanning across five iconic industries, marking a historic celebration of cinematic excellence at Yas Island, Abu Dhabi, from September 27th to 29th.

IIFA proudly announces ‘TIIFA DANCE MANIA’ - a once-in-a-lifetime chance to experience the grandeur of the IIFA Festival 2024 and share the prestigious stage with Bollywood’s elite. Feel the exhilarating thrill of performing alongside a dazzling array of stars at the 24th Edition of the IIFA Awards.

This is your moment to shine on the iconic IIFA stage! The grand prize offers an unparalleled opportunity: the winner will perform on stage an acclaimed dance troupe alongside a leading Bollywood superstar. To ensure a truly unforgettable experience, IIFA will cover the air travel and hospitality for the winner’s stay during the IIFA Awards.

Do you have what it takes to be crowned the IIFA DanceMania Superstar of 2024? Submit your entry between September 6th and September 18th, 2024, and secure your place in this star-studded event.

ENTER NOW in just three simple steps! Register an account with IIFA and complete the form on the IIFA app or website. Then, submit your video entry—featuring your dance to a Bollywood song—by either providing a YouTube link or uploading the video directly. For more details, visit: https://dancemania.iifa.com 

Get ready to make your mark and turn your dream into reality!

Don’t miss out on this once-in-a-lifetime opportunity. Step into the limelight and showcase your best moves with Bollywood’s finest at Yas Island, Abu Dhabi this September. 

The highly anticipated IIFA Festival is set to take place from September 27th to 29th, 2024, at Yas Island, Abu Dhabi. Held under the esteemed patronage of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance & Coexistence, and in partnership with the Department of Culture and Tourism – Abu Dhabi, and Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, this historic celebration of cinematic excellence begins on Friday, September 27th, with IIFA Utsavam, a grand celebration of the four vibrant South Indian film industries. The excitement continues on Saturday, September 28th, with the prestigious IIFA Awards, and the festival culminates on Sunday, September 29th, with IIFA Rocks—an exclusive, invitation-only event where the Technical Awards winners will be honoured in a grand celebration.

For More Details Follow: 

Website https://www.iifa.com/

Instagram https://www.instagram.com/iifa/?hl=en

Facebook https://www.facebook.com/IIFA/ 

YouTube https://www.youtube.com/user/IIFA 

For further MEDIA queries, please contact: Archana Pradhan |Archana.pradhan@iifa.com | 9987099265

ABOUT IIFA (INTERNATIONAL INDIAN FILM ACADEMY) 

IIFA is dedicated to building bridges across cinemas, businesses, communities and nations, creating everyone’s dream: “One People. One World”. IIFA is the most appreciated South Asian film academy and a global platform that gives the Indian film fraternity an opportunity to reach audiences in international territories. The alliances made via the platform of IIFA provide huge benefits and gain to India and an equally important objective is to create similar benefits in the host country. The aim is to establish a system of mutual benefit to both India as well as the host destinations by boosting tourism, economic development, trade, culture, cross-border investments and film co-productions. The IIFA Weekend & Awards each year travel to new, exciting and beautiful destinations, taking the film fraternity to unite and celebrate the best of Indian film and culture, thereby taking Indian Cinema and India to a wider audience. 

https://www.iifa.com/

A Staggering 85%* of Indian Youth wake up fatigued, according to a Recent Supradyn Survey

Delhi, Mumbai and Bangalore top the chart with 85% or higher proportion experiencing tiredness on waking up, making the metros a breeding hub for Fatigue

81% of population feel that their energy keeps drowning throughout the day raising an emphasis on the need for increased level of nutrition supply amongst Indians 

2 in 3 people feel that they are not able to complete daily tasks during the day due to fatigue/lack of energy

India, 6th September 2024: Supradyn, India’s leading multivitamin brand from Bayer’s Consumer Health division, commissioned the Supradyn Fatigue Survey, a study conducted across 10 cities, revealing that 85%* of young Indians wake up tired among other astounding findings. Released in conjunction with National Nutrition Week, the survey underscores Supradyn’s mission of 'One Nation 100% Nutrition,' aimed at raising awareness of the growing nutrition gap and promoting self-care. The findings shed light on the alarming rise in fatigue among India’s working population, with significant regional and demographic variations.

India, with its large and dynamic youth population, faces significant challenges related to fatigue and exhaustion. The Supradyn Fatigue Survey highlights the urgent need to address factors contributing to this issue and to implement supportive measures to enhance energy and well-being. Conducted by Hansa Research Group, across 10 cities and involving men and women aged 25-45 from NCCS A and B categories, the study represents a population of 20 million. The survey states that 96% of Indians feel they lack essential micronutrients and multivitamins, leading to low energy levels.

The survey on fatigue among young Urban India in the 25-45 year age group reveals that 83% frequently need breaks due to tiredness, while 74% struggle with daytime sleepiness or staying alert hampering their productivity. Furthermore, 69% find it difficult to start or complete tasks, and 66% are unable to finish daily activities due to fatigue implying extremely low energy among our working population. Geographically as well, metros like, Pune (57%) and Bengaluru (59%) have the highest proportion of people who feel their diet lacks sufficient micronutrients. Moreover, 78% of those aged 25-35 experience daytime drowsiness, compared to 72% of the 36-45 age group. These findings highlight the significant impact of fatigue on daily life.

Sandeep Verma, Country Head of India, Bangladesh and Sri Lanka at Bayer Consumer Health Division, commented on the survey’s findings, “Supradyn has led the conversation on nutrition and has been a strong advocate for the importance of addressing micronutrient deficiencies. Our Supradyn Fatigue Survey reveals significant fatigue among the workforce, which directly impacts their productivity. These findings underscore the urgent need to address the nutritional gaps in our country. At Supradyn, India’s leading multivitamin brand, our mission is to champion the vital importance of 100% nutrition for optimal health of all Indians. Don’t let fatigue slow you down—energize your day with Supradyn’s balanced multivitamins and thrive!

Prof. Dr. Ketan K Mehta, Sr. Consultant Physician, CardioPulmonologist & Diabetologist, Mumbai comments, "Increased tiredness among youth is a growing concern across the country, as noted by many healthcare professionals. It's crucial for healthcare providers to address this holistically by promoting not just a balanced diet but also the use of multivitamins to bridge nutritional gaps. Food alone can provide up to 70% of essential micronutrients, leaving a significant gap. As a healthcare practitioner, I recommend a healthy diet combined with daily supplements to ensure up to 100% nutrient intake."

Listed below are additional insights reporting cohort wise behavioral statistics from ‘The Supradyn Fatigue Survey Report’ -

Glossary- *Based on morning tiredness among Urban Youth aged 25-35 years in the 10 cities covered in the survey 

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 help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2023, the Group employed around 100,000 people and had sales of 47.6 billion euros. R&D expenses before special items amounted to 5.8 billion euros. For more information, go to www.bayer.com.    

Share Samadhan Limited IPO Opens On 9th September 2024

Fresh Issue Size – 32,51,200 Equity Shares of ₹ 10 each

Issue Size – ₹ 24.06 Crores (At Upper Price Band)

Price Band – ₹ 70 - ₹ 74 Per Equity Share 

Lot Size – 1,600 Equity Shares

Mumbai, September 04, 2024 –Share Samadhan Limited offers a one-stop solution for investment retrieval, wealth protection, and litigation funding solutions, has announced its plan to go public with an IPO on September 9, 2024, aiming to raise ₹ 24.06 Crores, with shares to be listed on the BSE SME platform.

The issue size is Up To 32,51,200 equity shares at a face value of ₹ 10 each.

Equity Share Allocation

QIB Anchor Portion – Up to 9,23,200 Equity Shares

Qualified Institutional Buyers (QIB) – Up to 6,19,200 Equity Shares

Non-Institutional Investors (NII) – Not less than 4,64,000 Equity Shares

Retail Individual Investors (RII) – Not less than 10,81,600 Equity Shares

Market Maker – Up to 1,63,200 Equity Shares

The net proceeds from the Issue will be utilized primarily for Investment in Technology, Unidentified Acquisition for Company (In India or Abroad), Working Capital Requirement, General Corporate Purposes and to meet out the Issue Expenses. The issue will open for subscription on September 9, 2024 and closes on September 11, 2024.                                                                                                            

The Lead Manager to the Issue is Narnolia Financial Services Limited, The Registrar to the Issue is Skyline Financial Services Private Limited.

Mr. Abhay Kumar Chandalia, Managing Director, of Share Samadhan Limited expressed, "This milestone marks a significant achievement for Share Samadhan, highlighting our progress and advancements in investment retrieval, wealth protection, and litigation funding solutions since our inception. Our journey has been dedicated to providing investors with comprehensive solutions to reclaim their lost, blocked, or forgotten investments. 

From physical shares to mutual funds, provident funds, fixed deposits, insurance, bank deposits, debts, and other asset classes, we've made it our mission to help investors recover their rightful assets and secure their financial futures. The IPO will expand our operations, enhance market presence, fuel growth opportunities, and bolster our corporate image and brand, while establishing a public market for our company.”

Mr. Vipin Aggarwal, Chairman and Managing Director of Narnolia Financial Services Limited said, "As we prepare to launch the Share Samadhan IPO, we are excited about the opportunities in the rapidly expanding financial sector. This IPO presents investors with an excellent opportunity to engage with a company leading the way in investment retrieval, wealth protection, and litigation funding solutions.

Share Samadhan excels in reclaiming lost, blocked, or forgotten investments across a wide array of financial assets. With a focus on delivering comprehensive, hassle-free solutions, Share Samadhan is poised to lead the industry ensuring that investors can recover their wealth efficiently and securely.

This IPO is set to fuel our growth and generate significant value for our investors."

About Share Samadhan Limited:

Share Samadhan Limited known for one of the Largest Platform for Unclaimed Investments Retrieval Advisory in India. The Company offers a one-stop solution for investment retrieval, wealth protection, and litigation funding solutions, helping clients resolve disputes and protect their investments, primarily on a success-fees model. The company specializes in providing investors with comprehensive services to help them recover lost, blocked, or forgotten investments across a wide range of financial assets, including physical shares, mutual funds, provident funds, fixed deposits, insurance, bank deposits, debts, and other asset classes.

In FY24, The Company Achieved a Consolidated Revenue of ₹ 996.13 Lakhs, Consolidated EBITDA of ₹ 563.15 Lakhs, & Consolidated PAT of ₹ 391.01 Lakhs.

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.