Sheetal Universal IPO Opens on 4th December

Sheetal Universal IPO is a SME IPO of 3,400,000 equity shares of the face value of ₹10 aggregating up to ₹23.80 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares. The IPO opens on December 4, 2023, and closes on December 6, 2023.

MUMBAI, 30 NOVEMBER, 2023 (AGN): Sheetal Universal Limited, an agricultural product processor and exporter, on Thursday, November 30, announced that its Initial Public Offer will open on Monday, December 4, 2023, and close on Wednesday, December 6, 2023. The company plans to raise approximately Rs. 2380 Lacs from the issue and aims to be listed with NSE Emerge. The IPO will comprise a fresh issue of 34 lakh Equity Shares with a face value of Rs 10/- each at a fixed price of Rs. 70 per share. Beeline Capital Advisors Private Limited is the Lead Manager to issue. Bigshare Services Private Limited is the registrar of the Issue. 

 Rajkot-headquartered company is engaged in sourcing, processing, and supply of agricultural products such as peanuts, sesame seeds, spices, and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products. The company has two subsidiaries - Saumesvar International Private Limited and Svar Industries Private Limited, which are into processing and exporting of Agri Commodities like oil seeds, grains, etc. The net proceeds from the issue will be used for funding capital expenditure, working capital requirements, general corporate purposes and to meet Public Issue expenses. 

Furthermore, it intends to venture into new product management like producing protein powder and cold press extract oil, plans to set up a manufacturing facility for defatted protein powder (dry powder) powder and extract cold press oil from raw peanut, almond, cashew nut, and seed considered as vegan foods for India and export market. The company plans to spend Rs. 584 lacs towards purchasing necessary equipment. 

The company will spend Rs. 1200 lacs on working capital, which will be used to expand the product range, increase the number of business verticals, and explore various geographical areas. Sheetal Universal Limited operates a manufacturing & processing facility in Jamnagar district at Haripar Khandhera, which is spread over 14,568 Sq Mts with a constructed area of 6,000 Sq Mts. 

The facility implements an extensive and stringent quality control mechanism at each stage of the process to ensure that its finished product meets its customers’ specifications. The company exports its products to various countries including the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt. 

 Commenting on the company’s plans, Mr. Hiren Vallabhbhai Patel, Promoter and Managing Director of Sheetal Universal Limited, said, “With our proven experience in the Agro Processing Industry, we are aiming for forward integration with value addition by setting up a manufacturing facility with the adequate equipment for producing defatted protein power and extract cold press oil for the domestic and export market. We are also planning to set up a production unit for defatted protein powder (dry powder) made from raw peanuts, almonds, cashew nuts, and seeds which are considered vegan foods. Therefore, we will allocate the proceeds from the IPO towards expanding our capacity and geographical reach.” 

In FY 2022-23, the company's total income increased to Rs.131.65 crore, up from Rs. 39.84 crore in FY 2021-22. It recorded a profit (PAT) of Rs. 1.98 crore in 2022-23, compared to Rs. 28.31 lakh in FY 2021-22. Further, for the first half of FY 2024, the Company has achieved a total income of Rs. 56.75 crores with a recorded profit (PAT) Rs. 1.88 crores.Ends

Union AMC Launches Union Children's Fund, Open for subscription on November 28, 2023 and closes on December 12, 2023

MUMBAI, 27 NOVEMBER, 2023 (AGN):  Union Asset Management Company Pvt. Ltd., Investment Manager to Union Mutual Fund, sponsored by Union Bank of India and Japan's Dai-ichi Life Holdings, Inc., today announced the launch of Union Children's Fund - an open-ended fund for investment for children, having a lock-in for at least 5 years or till the child attains the age of majority (whichever is earlier).

The New Fund Offer (NFO) of Union Children's Fund ('the Scheme') will open on November 28, 2023 and close on December 12, 2023. The Scheme will re-open for ongoing sale and repurchase within 5 business days from Allotment.

Benchmarked against S&P BSE 500 Index (TRI)^^, the Scheme aims to generate long-term capital appreciation by investing in a mix of securities comprising equity, equity-related securities and debt instruments as per the asset allocation pattern of the Scheme with a view to providing investment solution to investors.

The minimum application amount for investment in the Scheme is Rs 1,000 and in multiples of Rs. 1 thereafter.

Mr. G. Pradeepkumar, Chief Executive Officer (CEO) of Union AMC, said, "We are excited to announce the launch of Union Children's Fund. At a time when inflation is on the rise, it has become challenging for people to invest for their children's future needs. In this scenario, imagine a future where each child's dreams have no limits, where his/her potential is nurtured, and where every milestone is supported with unwavering love and financial well-being. That's exactly what Union Children's Fund aims for - to help you plan for your child's bright future. This investment can be a tangible expression of your love and commitment towards your child."Ends

Sunpure forays into packaged jaggery market with it's brand riso targets Rs 120 crore Annually

MUMBAI, 21 NOVEMBER, 2023 (AGN):  Sunpure, an edible oil brand, introduces a new product category – packaged jaggery. Sunpure Jaggery Powder and Sunpure Jaggery Block. The company aims to expand the new products to its existing markets across Karnataka, Maharashtra, Kerala, Andhra Pradesh, Telangana, Goa, and Tamil Nadu in the next month.

MK Agrotech, the parent company of Sunpure, is a karnataka based organisation focused on integrating technology and tradition in the food sector. The company aims to expand its presence as a pan-India FMCG brand. Considering the growing health consciousness among Indian consumers and their preference for healthier alternatives to refined white sugar, the company decided to enter the new segment with Sunpure Jaggery. 

“India is one of the leading exporters of jaggery in the world and the domestic market for packaged jaggery is ripe for disruption. With mounting health concerns due to growing incidence of diabetes, heart diseases and obesity-related issues, more and more Indian consumers today are replacing white sugar with jaggery, an unrefined natural sweetener made from sugarcane juice. What’s more, jaggery also offers numerous nutritional benefits, making it a healthy addition to the household pantry staples,” Sridhar Vaidyanathan, chief operating officer, MK Agrotech, said. 

“Unlike traditional jaggery sold in open markets or other packaged jaggery products available in the market, Sunpure Jaggery’s USP is that it is produced using traditional methods with skilled manpower in hygienic conditions, and without the use of any harmful chemicals, artificial colours, or commonly used preservatives. You may notice that Sunpure Jaggery is darker in colour due to the absence of bleaching agents; it is 100% natural and safe,” added Mannan Khan, Director, MK Agrotech. 

The packaged jaggery market in India reached Rs 55.6 billion in 2022 and is projected to reach Rs 122.1 billion by 2028, with a growth rate (CAGR) of 14.1% over five years. Sunpure aims for an annual revenue of Rs 120 crores in this segment. In Mumbai, the products have been introduced under Riso Jaggery powder and Riso Jaggery block. Sunpure had acquired Riso, a premium edible oil brand in Maharashtra, in February this year to enhance its presence in the Western market.Ends

Rockingdeals IPO to open on November 22, Sets price band at Rs 136-140 for IPO, Anchor Bidding on 21st November

MUMBAI, 18 NOVEMBER, 2023 (AGN): Rocking Deals Circular Economy is primarily a B2B re-commerce player that started operations in 2005. The company is primarily engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products.

The company’s products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear etc. The products are generally of various well-known brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.

The B2B segment constitutes a significant portion of the revenue, contributing 97.43% in FY 2022-23, 96.84% in FY 2021-22, and 99.94% in FY 2020-21. The clients include Jindal Mega Mart, Brand Wala, VLE Bazaar Private Limited, HIC International, PSUAVI, KRAT India, Zazz Technology etc.

Promoters of Rocking Deals Circular Economy –Mr. Aman Preet, Mrs. Kulbir Chopra, and Mrs. Avneet Chorpa

As of 30 June 2023, the company has over 18 categories of Stock Keeping Units (SKU) i.e., electrical appliances (Syska, Havells, LG, Panasonic, Usha, Crompton, Luminous, Phillips, etc.), apparel & footwear (Zara, Nike, Campus, etc), speaker (Boat, JBL, Gizmore), mobile and mobile accessories (Lenovo, Boat, Gizmore, etc) and various other products which the company procures from e-commerce vendors of platforms like Snapdeal (Juscorp), affiliates of Flipkart and Amazon, etc; companies like GO Auto, Salora International, Zazz Technology Connect Private Limited; and dealers & distributors like Matrix Housewares, Raj Agency, Sudhi Enterprises, etc.

Rocking Deals IPO Details

Rocking Deals IPO Dates	22 – 24 November 2023
Rocking Deals Circular IPO Price	INR 136 – 140 per share
Fresh issue	15,00,000 shares (INR 20.4 – 21 crore)
Offer For Sale	Nil
Total IPO size	15,00,000 shares (INR 20.4 – 21 crore)
Minimum bid (lot size)	1,000 shares (INR 140,000)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE SME

Experience the Bollywood Magic LIVE with Shahid Kapoor, Nora Fatehi, Malaika Arora, and Sunil Grover at 'Stardom' Concert!

MUMBAI,  5^th NOVEMBER 2023 (AGN):  Mumbaikars are all set to witness the first of its kind LIVE Bollywood show slated to be hosted on 20th January 2024. Talented artists across Bollywood, Music, Comedian will come together with their power packed performances at this spectacular event. ‘Stardom’, presented by Outcry Entertainment is set to redefine entertainment with an unparalleled line-up of curated dance and music acts by prominent Bollywood personalities, Shahid Kapoor, Nora Fatehi, Malaika Arora, and Comedian Sunil Grover. The evening will feature a star-studded line-up like never before!

What to expect:

• Power-Packed Dance Performances: Shahid Kapoor, Nora Fatehi, and Malaika Arora will set the stage on fire with their larger-than-life dance acts.

• Hilarious Comedy Acts: Get ready for a laughter riot as Sunil Grover takes on multiple characters in his side-splitting comedy acts.

• Non-Stop Entertainment: With 4 hours of non-stop entertainment, Stardom guarantees an evening packed with excitement and unforgettable moments.

• Grand Entries: Experience the grand entries of your favorite stars, adding to the overall glitz and glamour of the event.

•  Professionally Choreographed Acts: Witness professionally choreographed acts with an ensemble of talented dancers that will leave you mesmerized.

•  Ultimate Showdown Finale Act: Stardom concludes with a spectacular finale act that promises to be the ultimate showdown, leaving the audience breathless.

Moreover, the event will also witness high energy musical performances by the well-known music artists.The event will also offer multiple bars and a food court to cater to all needs.

Commenting on the concert, Saurabh Chaudhary, Director and Founder, Outcry Entertainment said, "Stardom is an exceptional live Bollywood entertainment event concept that will debut with its first event in Mumbai. This event will create a one-of-a-kind experience, providing a space for the audience to come together and celebrate with their favorite artists while experiencing them perform live. With Stardom, we aim to set new standards in the world of entertainment by bringing together the most acclaimed Bollywood artists on a single platform."

Actor Shahid Kapoor enthusiastically expresses, "It's always exciting to do live stage shows because you get to interact with the live audience, which is my favorite part. I'm extremely excited to be dancing in Mumbai, which is my hometown, and performing live for the Mumbai audience. I can't wait to get on stage and give them an amazing night.”

Actor Malaika Arora says, “I have been performing live since many years now. Stage performance is something that instantly connects me to the audience, and I am happy when I do it. Waiting to share Bollywood magic right to you. It's time to celebrate the sheer joy of Bollywood with an unforgettable show!" 

Actor Nora Fatehi mentions, "I am excited to be a part of Stardom. Live performances are something that I thoroughly enjoy as an artist. That's where the magic of storytelling truly comes alive, where we connect, inspire, and share our souls with the audience that's right there, in the moment with us. It's time to rejoice again with a mesmerizing show.”

Comedian and Actor Sunil Grover says, “I feel comedy is all about right timing at the right time. Performing LIVE on stage has always been special to me. The instant feedback from the audience is a game-changer, and it helps refining my act. Glad to be a part of Stardom, where I will be showcasing few of my favourite acts for the crowd.”

Don't miss your chance to be a part of the most electrifying Bollywood live event in Mumbai. Stardom is where the magic happens, where Bollywood comes alive, and where you'll create memories that last a lifetime.

For ticket information and details, visit https://in.bookmyshow.com/mumbai/events/stardom-biggest-bollywood-live-experience/ET00370038 ENDS

 

 

 

Paytm brings exciting travel discount, free cancellation, 100% refund policy and more for your train and bus ticket during Diwali

MUMBAI, 4th NOVEMBER, 2023 (AGN): As the festive holiday of Diwali approaches, there is a growing excitement to celebrate it with family and friends travelling to their hometown or exploring a new city creating lasting memories. This Leisure travel during Diwali is now possible with affordable travel deals on online bookings of train and bus. Paytm has exciting offers and services for a unique trip experience that can be arranged in minutes. The platform is a one-stop solution that gives you the privilege to plan an affordable trip on your own with an enhanced travel booking journey.

Here’s how you can plan your travel with Paytm in a budget friendly way. 

Up to ₹500 off on bus tickets

To enjoy your festive holidays at an affordable cost, Paytm is offering up to ₹500 off on bus ticket booking through its platform.  

Live bus tracking services 

For safe and hassle free travel, Paytm is offering a live bus tracking service that ensures users can travel at ease and stress free while also sharing the real time location of their booked bus with their close.  Also, with Paytm’s Best Price Guaranteed feature, Paytm assures users of the lowest price across 2,500 bus operators. 

Free train ticket cancellation and instant refund 

Through Paytm platform, users can now cancel their train ticket, six hours before their departure or chart preparation whichever is earlier, hassle free and also get an instant full refund on their source account without having to state the reason for the cancellation. Most important thing is that users don’t have to wait for days to receive their refund. The feature is available for all types of train ticket bookings including tatkal tickets. 

Zero charges on train ticket 

On train ticket bookings, users can book tickets on UPI with an advantage of zero service & payment gateway charges. This leverages users from paying additional charges and saves money.  

Live train status 

Passengers can also check the live train running status and PNR status on the Paytm app which enables them to travel at ease and stress free. 

Paytm is also the authorised partner of Indian Railway Catering and Tourism Corporation (IRCTC) and has empowered its users with a seamless and superfast train ticket booking experience. Booking travel tickets through Paytm app provides a seamless experience with free cancellation, 100% refunds, travel insurance, easy & quick booking, exciting cashback and 24/7 customer assistance.Ends

Graphics Solutions files draft papers to mop up funds via IPO

Deepanshu Goel, Promoter and Managing Director, Creative Graphics Solutions

MUMBAI, NOVEMBER 1^st, 2023 (AGN):  Integrated packaging ecosystem player Creative Graphics Solutions has filed its preliminary papers to raise funds through an Initial Public Offering (IPO).

The IPO is purely a fresh issuance of up to 64 lakh equity shares with a face value of Rs 10 per equity share and the shares of the company will be listed on NSE Emerge, the company said in a statement on Wednesday.

The company has appointed Corporate Capital Ventures as the book-running lead manager, and Bigshare Services Pvt Ltd as the registrar for the IPO.

Creative Graphics plans to use the net proceeds to invest in its subsidiary, Wahren India Pvt Ltd, to meet inorganic growth through unidentified acquisitions for the company, to meet the working capital requirements, and general corporate purposes, as per the statement.

"The flourishing pharmaceuticals and FMCG sectors open a flood of opportunities for our products, and we are poised to unleash and expand our capabilities with the capital we are raising through this IPO," Creative Graphics Solutions Promoter and Managing Director Deepanshu Goel said.

The Noida-headquartered company has clocked a revenue of Rs 91.78 crore and a profit of Rs 8.64 crore in FY23.

Incorporated in 2014, Creative Graphics specialises in manufacturing flexographic printing plates, including digital flexo plates, conventional flexo printing plates, letterpress plates, metal back plates, and coating plates.

It operates seven manufacturing facilities in Noida, Vasai, Pune, Chennai, Baddi, Hyderabad, and Ahmedabad.

Creative Graphics has two subsidiaries -- Creative Graphics Premedia (CG Premedia) and Wahren India.

While CG Premedia offers end-to-end premedia services, from design adaptation to print production and Wahren India supplies high-quality packaging solutions for the pharmaceutical industry.

For more information, please visit: https://creativegraphics.group/