Author: Sutun Nayak

Rajkot (Gujarat) [India], July 30: The Rs. 25.77 crore Initial Public Offering (IPO) of Rajkot-based Renol Polychem Limited, a leading manufacturer of colour and additive master-batches in India, is set to open on July 31, 2025. The IPO will remain open for subscription until August 4, 2025.

The IPO comprises a fresh issue of 24.54 lakh shares. Renol Polychem has set a price band of Rs. 100 to Rs. 105 per share for the issue. The lot size is 1,200 shares. Retail investors are required to apply for at least two lots (2,400 shares), amounting to Rs. 2,52,000. For High Net-worth Investors (HNIs), the minimum application amount is Rs. 3,78,000 (3,600 shares).

Out of the total fundraise of Rs. 25.77 crore, Renol Polychem plans to use Rs. 5.60 crore for purchasing advanced machinery, Rs. 15.15 crore for working capital requirements to expand operations and market presence, Rs. 1 crore for repayment of certain borrowings, and the rest for general corporate purposes. The shares will be listed on the NSE SME Emerge platform on Thursday, August 7, 2025.

Founded in 2008, Renol Polychem specialises in the manufacturing of colour master-batches, plastic master-batches, industrial chemicals, impact modifiers, plastic pigments, and more. It also offers all-in-one additives, including stabilisers, impact modifiers, and colour pigments, that have applications in the UPVC, CPVC pipes, pipe fittings, and plastic products segments. The company’s manufacturing unit in Rajkot is equipped with modern machinery and R&D facilities.

Renol Polychem has demonstrated strong financial performance with significant revenue growth and profitability over the last few years. It reported revenue of Rs. 52.26 crore and profit after tax of Rs. 3.94 crore in financial year 2023-24. In FY 2024-25, its revenue was Rs. 62.29 crore and profit after tax was Rs. 4.99 crore.

The IPO comes at a time when India’s master-batch market is witnessing rapid growth, and is expected to reach $17.22 billion by 2030, driven by increasing demand from packaging, automotive, agriculture, healthcare, aerospace, automotive, consumer goods, and other sectors.

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Mumbai (Maharashtra) [India], July 30: CashurDrive Marketing Limited (CashurDrive, The Company), is an outdoor media advertising company, proposes to open its Initial Public Offering on 31^st July, 2025 and aiming to raise ₹ 60.79 Crores (at the upper price band), with shares proposed to be listed on the NSE Emerge platform.

The issue size is 46,76,000 equity shares with a face value of ₹10 each with a price band of ₹ 123 – ₹ 130 per share.

Equity Share Allocation

• QIB Anchor Portion – Up To 13,22,000 Equity Shares
• Qualified Institutional Buyer – Up To 8,82,000 Equity Shares
• Non-Institutional Investors – Not less than 6,63,000 Equity Shares
• Retail Individual Investors – Not less than 15,50,000 Equity Shares
• Market Maker – 2,59,000 Equity Shares

The net proceeds from the IPO will be utilized for investment in technology, capital expenditure, funding the working capital requirement and general corporate purposes. The anchor portion will open on 30^th July, 2025 and issue will close on 04^th Aug, 2025.

The Book Running Lead Manager to the Issue is Narnolia Financial Services Limited, and the Registrar is Bigshare Services Private Limited.

Mr. Raghu Khanna, Managing Director of CashurDrive Marketing Limited expressed, ”

“Our journey began with a simple yet powerful idea — to transform everyday commutes into impactful advertising opportunities. From our roots in cab branding, we’ve evolved into a full-spectrum OOH media solutions provider, leading the charge in sustainable and tech-driven advertising. Today, with exclusive rights on over 1,000 electric buses we are leading sustainable media asset company and will be leading the new infrastructure growth in India through monetisation of advertising assets.

This IPO marks a significant milestone in our growth journey. The proceeds will enable us to invest in cutting-edge technology, expand our media asset base, and strengthen our operational capabilities across new geographies. More importantly, it empowers us to scale our ESG-compliant advertising model, helping brands engage audiences in ways that are both effective and environmentally responsible.”

Mr. Vipin Aggarwal, Director of Narnolia Financial Services Limited said, “The company represents a new generation of out-of-home media companies aligning with the future of sustainable urban mobility and advertising. The company stands out as one of the few players effectively blending sustainability, technology, and innovation in India’s outdoor advertising landscape. With exclusive rights across electric buses, EV charging stations, and strategic fleet partnerships, the company has built a strong foundation in the fast-evolving transit media segment.

Its consistent expansion across major cities and first-mover advantage in eco-friendly advertising assets position it well to capitalize on the growing demand for sustainable branding solutions. The IPO will provide the necessary growth capital to enhance its asset base, invest in technology, and strengthen its market presence.”

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Mumbai (Maharashtra) [India], July 30: Ashapuri Gold Ornament Limited(BSE – 542579), one of India’s leading B2B jewellery manufacturers, reported its Unaudited financial result for Q1 FY26.

Q1 FY26 Key Financial Highlights:

• Total Income of ₹ 52.96 Cr, YoY growth of 18.72%
• EBITDA of ₹ 5.02 Cr, YoY growth of 34.04%
• EBITDA Margin of 9.48%, YoY growth of 108 Bps
• PAT of ₹ 3.17 Cr, YoY growth of 21.86%
• PAT (%) of 5.99%, YoY growth of 15 Bps
• EPS* of ₹ 0.10, YoY growth of 25.00%

Face Value of ₹ 1 each

Speaking on the financial performance, Mr. Jitendra Kumar Soni, Joint Managing Director of Ashapuri Gold Ornament Limited said, “We are pleased with our Q1 FY26 performance, which reflects the continued strength of our B2B model and disciplined execution. The 34% year-on-year growth in EBITDA and healthy improvement in margins underscore our operational resilience and growing brand preference among jewellery retailers.

The ₹11 Cr order secured at the Gem & Jewellery Show 2025 is a testament to our deep-rooted customer relationships and design capabilities. As we move forward, we remain focused on driving sustainable growth, deepening client partnerships, and enhancing value for all stakeholders.

Secures ₹11 Cr Order at Gem & Jewellery Show 2025

Received a prestigious order worth approximately ₹11 Cr from prominent national and regional jewellery retail chains, reinforcing Ashapuri Gold’s growing brand equity and strong demand for its curated collections.

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Mumbai (Maharashtra) [India], July 30: FlySBS Aviation Limited (FlySBS, The Company), DGCA approved Non-Scheduled Airline Operator, provides private air charter services to elite clientele such as entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs, proposes to open its Initial Public Offering on Friday, 01st Aug, 2025 and aiming to raise ₹ 102.53 Crores (at upper price band), with shares to be listed on the NSE Emerge platform.

The issue size is 45,57,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 210 – ₹ 225 Per Share.

Equity Share Allocation

• QIB Anchor Portion – Up to 12,96,000 Equity Shares
• Qualified Institutional Buyer – Up to 8,65,800 Equity Shares
• Non-Institutional Investors – Not Less than 6,49,800 Equity Shares
• Individual Investors – Not Less than 15,15,600 Equity Shares
• Market Maker – 2,29,800 Equity Shares

The net proceeds from the IPO will be utilized for (i) funding capital expenditure towards acquisition of six pre-owned aircraft on a long-term dry lease basis, (ii) Repayment/prepayment, in full or part, certain outstanding borrowings availed by the Company; and (iii) general corporate purposes.

The anchor portion will open on 31st July, 2025 and issue will close on 05th August, 2025.

The Book Running Lead Manager to the Issue is Vivro Financial Services Private Limited, and the Registrar is MUFG Intime India Private Limited.

Mr. Capt. Deepak Parasuraman, Managing Director of FlySBS Aviation Limited expressed, “Our journey has been guided by a clear vision to enhance private air travel through efficient operations, reliable service, and operational flexibility. Over time, we have established a stable foundation based on an asset-light model, a capable fleet, and access to global routes.

This IPO represents a meaningful step in our growth. It will support our efforts to expand the fleet and extend our operational network. The proposed addition of aircraft through long-term dry lease arrangements, along with improved financial flexibility, will help us meet the increasing demand for efficient, time-sensitive air travel. We are committed to building on this progress in a structured and sustainable manner.”

Mr. Vivek Vaishnav, Director of Vivro Financial Services Private Limited said,

“We are proud to be associated with FlySBS Aviation on its IPO journey. The company operates in a niche yet fast-evolving segment of the aviation industry that is witnessing increased demand for non-scheduled and on-demand charter services, especially among corporates, HNIs and diplomatic circles. With growing global mobility, time-critical business needs and heightened preference for personalized air travel, the private aviation sector is projected for substantial growth. 

The company’s asset-light model, strategic fleet mix and compliance-driven operations provide it with a strong competitive edge. The planned fleet expansion through long-term dry lease arrangements is well-aligned with industry trends that favour operational flexibility and capital efficiency. We believe this IPO will strategically position the company to deepen its market presence, enhance operational capabilities, and capture a greater share of the expanding luxury and business aviation space.”

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Darjeeling (West Bengal) [India], July 29: Nestled in the heart of the scenic Rangli Rangliot Tea Estate in Darjeeling, FORESTEA HOMESTAYS offers a blissful escape for travellers seeking peace, comfort, and natural beauty. This charming boutique resort is surrounded by lush tea gardens, rolling hills, and the fresh mountain breeze, making it an ideal getaway for families, friends, couples, and corporate retreats.

Located just 2 hours from Siliguri and only 1 hour from Darjeeling town, FORESTEA HOMESTAYS strikes the perfect balance between accessibility and tranquillity.

The property boasts 6 beautifully designed rooms, each offering panoramic views of the tea gardens. Guests can enjoy a stroll through the estate, unwind in the well-maintained garden area, or relax in the lobby or the glass house, specially designed to take in the enchanting tea garden vistas. A games area ensures entertainment for all ages, and a swimming pool is also set to be inaugurated soon, adding yet another layer of leisure for guests.

Whether you’re planning a weekend holiday, a get-together with friends, a family vacation, or even a small corporate meeting or retreat, FORESTEA HOMESTAYS provides the ideal setting for relaxation and rejuvenation.

Expanding the Experience: ORANGE VILLA by FORESTEA

Adding to its offerings, the FORESTEA group also operates another magnificent property—ORANGE VILLA BY FORESTEA, located at Bara Mangwa, just 1 hour away from FORESTEA HOMESTAYS, 2.5 hours from Siliguri, and 1 hour from Darjeeling.

True to its name, this property is situated within a vibrant orange orchard and features 8 spacious view rooms equipped with modern amenities. A swimming pool, peaceful natural surroundings, and a warm hospitality experience make ORANGE VILLA a perfect destination for those looking to bask in nature with premium comfort.

Together, these two properties under the FORESTEA brand offer a seamless blend of nature, luxury, and comfort—positioning themselves among the most serene and soul-refreshing holiday destinations in the Darjeeling region.

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Mumbai (Maharashtra) [India], July 29: The Bombay Stock Exchange (BSE) has approved the Draft Red Herring Prospectus of Infraprime Logistics Technologies Limited for IPO. The company is going public through an IPO to meet the expenses related to the security deposit for the finance lease of trucks (“Vehicles”) and ancillary equipment (“Trailers”), building up the technology infrastructure to support and expand the existing business operations, Meet Working Capital Requirements and cover general corporate purposes related to the Initial Public Offer. The company has plan to issue fresh Issue up to 39,66,400 equity shares, each with a face value of ₹10, in the forthcoming IPO.   

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Mas Services Limited will serve as the Registrar to the Issue.

About Infraprime Logistics Technologies Limited:

Infraprime Logistics Technologies Limited (Infraprime, The Company) is a technology-driven logistics solutions provider focused on heavy-duty transport with a strong emphasis on integrating electric vehicles into logistics operations. Catering to industries such as infrastructure, construction, steel, cement, and mining, the company offers end-to-end transportation solutions to streamline supply chain operations efficiently. Operating on an asset-light model.

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Balotra (Rajasthan) [India], July 29: In a remarkable stride toward inclusive healthcare delivery, Konica Minolta Business Solutions India Private Limited has extended its flagship CSR initiative, Project Aarogya, to four rural health centres in Rajasthan’s Balotra district. Through the installation of advanced Health ATM machines at PHC Jagsa, PHC Indrana, PHC Kankrala, and CHC Sindhari, the initiative is now transforming the way primary healthcare is accessed in underserved communities.

With over 50 diagnostic tests now available—including blood pressure, ECG, haemoglobin, blood sugar, HBa1C, lipid profile, and vision testing—rural citizens can receive real-time health insights within 10–15 minutes. Test reports are delivered both as printed copies and directly to patients’ WhatsApp numbers, enabling fast, reliable, and tech-enabled healthcare at the grassroots.

The initiative, implemented in collaboration with Manav Vikas Sanstha, reflects Konica Minolta’s deep commitment to bridging India’s healthcare divide through sustainable and scalable innovation. Speaking about the impact, Mr. Katsuhisa Asari, Managing Director of Konica Minolta Business Solutions India Pvt. Ltd., noted that “Aarogya’s initiative with Health ATM machines underscores Konica Minolta’s global commitment to healthcare equity. By extending essential diagnostic services to underserved regions, we’re nurturing sustainable health infrastructure worldwide. This initiative reflects our belief in global solidarity for a healthier planet. Furthermore, at Konica Minolta, we recognize the urgent need for healthcare advancements in India’s rural areas. Through Project Aarogya, we’re committed to bridging this healthcare gap by providing advanced high-precision Health ATM machines, ensuring critical diagnostic services reach those most in need.”

Adding to this, Ms. Ayushi Jain, Head – Sustainability Promotion Department at Konica Minolta, emphasized that “At Konica Minolta, sustainability isn’t a department—it’s a responsibility. This project reflects our belief that technology must be harnessed to address social inequities, and healthcare is one of the most pressing needs in India’s rural landscape.”

As the implementation partner, Manav Vikas Sanstha ensured effective on-ground execution, including training local healthcare staff to operate and maintain the machines. Mr. Akul Vashishtha, Executive Director of MVS India, remarked, “Konica Minolta’s leadership and clarity of vision have been pivotal in making this project a reality. Together, we’ve not only deployed machines—we’ve delivered dignity, access, and hope to communities that have long been underserved.”

The inauguration ceremony witnessed the presence of senior officials including Dr. Narendra Saxena, Joint Secretary – Rajasthan Health Department, and Dr. Vakaram Chodhari, CMHO Balotra, who praised the initiative as a meaningful leap toward democratizing healthcare access in rural regions.

To ensure long-term effectiveness, healthcare staff at the respective centres have been trained to operate the machines and assist patients, thus embedding the technology into the existing public health system.

Under the same initiative, Health ATM machines will also soon be installed in Bathinda, Punjab, further expanding the reach of quality diagnostics and early-stage preventive care to northern India.

Local communities and health officials have lauded the effort, praising its ability to save time, reduce healthcare costs, and provide early diagnosis. With Project Aarogya, Konica Minolta has not only set a precedent in healthcare-focused CSR, but has also reshaped rural healthcare through innovation, accessibility, and inclusive partnerships.

For More Information: https://bt.konicaminolta.in/about-us/sustainability/corporate-social-responsibility/

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