Author: Sutun Nayak

Mumbai (Maharashtra) [India], August 14: Forcas Studio Limited, one of the pioneers in aspirational fashion brands for the youth of Bharat, with a strong focus on menswear, has announced its plan to go public with an Initial Public Offering (IPO) on August 19, 2024. The company is aiming to raise ₹ 37.44Crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.

The issue size is Up to 46,80,000 equity shares at a face value of ₹ 10 each. 

The net proceeds from the IPO will be utilized for Funding the upgradation of the warehouse, Prepayment or repayment of certain secured loans availed by the Company, Funding of working capital requirements and General Corporate Purposes. The bidding for Anchor portion will open on August 16, 2024, the issue will open for subscription for all other category from August 19, 2024 and closes on August 21, 2024.

The Book Running Lead Manager to the Issue is Horizon Management Private Limited. The Registrar to the Issue is Mas Services Limited.

Mr. Sailesh Agarwal, Managing Director of Forcas Studio Limited, expressed, “Reflecting on our remarkable journey, Forcas Studio Limited has evolved into a distinguished name in the Indian menswear market, embodying style, quality, and affordability. From the beginning, we have consistently prioritized innovation and customer satisfaction. Our brands ‘FTX’, ‘TRIBE’, and ‘Conteno’ have become synonymous with fashionable, affordable, and comfortable menswear, catering to a wide demographic across India.

As we move forward, our focus remains on expanding our reach and enhancing our brand presence both online and offline. The shift to online business in 2021 has allowed us to connect directly with consumers, serving over 15,000 pin codes and gaining valuable insights into their preferences. With over 1,200 SKUs and a strong presence on major e-commerce platforms, we are committed to delivering value to our customers, particularly in Tier-2, Tier-3, and Tier-4 cities and Towns, where we see tremendous potential for growth. 

Our mission is to become the leading menswear brand for the masses of Bharat, and with the upcoming launch of our women’s wear and kids’ wear lines under the brands ‘TRIBE’ and ‘Conteno’, we are poised to further diversify our offerings and solidify our position in the fashion industry.”

Mr. Manav Goenka, President – Investment Banking of Horizon Management Private Limited, said, “The growth of Forcas Studio Limited is a reflection of their keen understanding of the men’s fashion industry and their unwavering commitment to excellence. Their ability to navigate the rapidly changing fashion landscape, coupled with a robust online presence and a diverse range of stylish and affordable menswear, positions them for continued success. The strategic expansion into new product lines, combined with their focus on becoming a dominant brand in the men’s fashion sector, highlights their ambition and vision. The upcoming IPO represents a significant milestone in their journey, and we are confident that Forcas Studio Limited will continue to set new benchmarks in the industry, driven by innovation, customer-centricity, and a deep knowledge of market trends.”

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New Delhi (India), August 13:  Toreto, the trailblazing audio technology brand honored as the ‘Most Promising Brand in the Audio Category’ at Device Next Summit 2023, today announced its strategic expansion into India’s rapidly growing car accessories market. This bold move aims to revolutionize the driving experience for millions of Indian motorists by offering premium audio and lighting solutions that seamlessly blend innovation, quality, and affordability.

Since its inception in 2014, Toreto has been a driving force in the audio industry, consistently delivering cutting-edge products that anticipate and exceed consumer expectations. The company’s remarkable success in mobile accessories has set the stage for this exciting venture into automotive technology, where Toreto is poised to bridge the long-standing gap between high-end performance and accessibility in car audio and lighting systems.

Market Dynamics and Growth Potential:

The Indian car accessories market is experiencing a period of unprecedented growth, fueled by a perfect storm of economic and social factors. Rising disposable incomes, coupled with an increasing rate of car ownership and a growing appetite for vehicle personalization, have created a fertile ground for innovation in this sector.

Recent industry reports paint a compelling picture of the market’s potential:

The Indian automotive accessories market, valued at approximately $8 billion in 2020, is projected to reach a staggering $18 billion by 2026. This represents a compound annual growth rate (CAGR) of over 14% during the forecast period, significantly outpacing many other sectors of the Indian economy. The in-car entertainment segment, which includes audio systems and car lighting, is expected to be one of the fastest-growing categories within this market.

“The car accessories market in India represents not just an opportunity, but a transformation in how Indians view their vehicles,” said Mr. ⁠Avi Gilhotra – Founder & Managing Director – Toreto Car Accessories. “Cars are no longer just a means of transportation; they’re becoming extensions of our personal spaces and expressions of our individuality. With the automotive sector rebounding strongly post-pandemic and consumers increasingly seeking to personalize their vehicles, we’re entering this space at an optimal time. Our proven track record in audio technology uniquely positions us to meet the sophisticated demands of both Indian car enthusiasts and everyday drivers.”

Toreto’s Competitive Edge:

By leveraging its established brand reputation and deep expertise in audio technology, Toreto is exceptionally well-positioned to capture a significant share of this burgeoning market. The company’s unwavering focus on marrying premium quality with affordability resonates strongly with the Indian consumer base, which has long sought high-performance products that offer genuine value for money.

“At Toreto, we’ve always believed that superior audio quality should be a standard, not a luxury,” emphasized Mr. Kashish Lalit – Co Founder & Director – Toreto Mobile Accessories & Audio Products. “Our entry into the car accessories market is a natural progression of our core mission: to ensure that no beat goes unheard, whether you’re at home, on the go, or behind the wheel. We’re not just selling products; we’re enhancing lifestyles and creating experiences.”

Revolutionary Product Line:

Toreto’s car accessories line is set to redefine the driving experience with a comprehensive range of innovative products meticulously designed to cater to the diverse needs of India’s vast and varied automotive market. From state-of-the-art sound systems that transform every journey into a private concert, to car lighting solutions that create the perfect atmosphere for any drive, each product in the lineup embodies Toreto’s unwavering commitment to excellence and user-centric design.

Key features of Toreto’s groundbreaking car accessories line include:

Premium Sound Quality: With its extensive audio technology expertise, Toreto brings concert-hall clarity to car interiors. Advanced sound staging techniques and custom-tuned speakers ensure an immersive listening experience that adapts to different music genres and personal preferences.

Innovative Lighting Systems: Toreto’s smart car lighting solutions go beyond mere aesthetics. With customizable color options and intelligent modes that respond to music and driving conditions, these systems enhance both the visual appeal and safety aspects of the vehicle interior.

Seamless Integration: Toreto has engineered its products for universal compatibility, recognizing the diverse range of vehicles on Indian roads. The accessories, from compact hatchbacks to luxury SUVs, are designed for easy installation and intuitive operation across various car models.

Durability and Reliability: Built to withstand the unique challenges of Indian driving conditions, including extreme temperatures and varied road quality, Toreto’s car accessories promise long-lasting performance without compromising on quality.

Affordable Luxury: Staying true to its core values, Toreto offers these premium features at competitive price points. This approach democratizes access to high-end car tech, allowing a wider segment of Indian consumers to enjoy a luxury driving experience.

Smart Connectivity: Embracing the digital age, Toreto’s products feature advanced connectivity options, including seamless smartphone integration, voice control capabilities, and compatibility with popular digital assistants.

Market Impact and Consumer Benefits:

The launch of Toreto’s car accessories line is pivotal in the Indian automotive landscape. As vehicle ownership rises and urban traffic challenges persist, consumers spend more time in their cars than ever before. This shift has intensified the demand for personalized, high-quality in-car experiences that can transform daily commutes and long journeys.

“Our extensive market research unveiled a clear frustration among Indian drivers with the limitations of stock audio and lighting systems,” explained Mr. Pankaj Narang – Chairman at Toreto. “We identified a significant opportunity to apply our expertise in creating compact, high-performance audio devices to the automotive space. The result is a line of products that will not just improve, but truly transform every drive into an extraordinary experience.”

Lifestyle Enhancement and Brand Philosophy:

Toreto’s expansion into car accessories aligns seamlessly with its overarching philosophy of promoting a balanced, enjoyment-filled lifestyle. In a world increasingly dominated by the “hustle culture,” Toreto recognizes the importance of creating moments of joy and relaxation in everyday life.

“We understand that in today’s fast-paced world, the time spent in one’s car should be more than just a transition between destinations,” added Mr. Avi Gilhotra. “It’s an opportunity for rejuvenation, enjoyment, and even creativity. Whether it’s through crystal-clear music playback that helps you unwind after a long day, or mood-enhancing lighting that energizes you for an important meeting, our products are designed to help drivers and passengers alike seize every moment and make the most of their journeys.”

This ethos is encapsulated in Toreto’s brand mantra of “Carpe Diem” – seizing the day and living life to the fullest. By extending this philosophy to the automotive space, Toreto is not just selling products; it’s offering an elevated lifestyle that resonates with the aspirations and values of modern Indian consumers.

Looking Ahead:

As Toreto continues to push the boundaries of innovation in personal and automotive audio solutions, the company remains steadfast in its commitment to its core values of quality, affordability, and user satisfaction. This latest venture into the car accessories market represents not just a new product line, but a bold step towards shaping the future of in-car experiences in India.

The new line of Toreto car accessories will be available through authorized dealers and select online platforms starting today. For more information about Toreto and its groundbreaking products, visit www.Toreto.com.

About Toreto:

Founded in 2014, Toreto has rapidly established itself as a leading innovator in the audio technology industry. Known for its premium yet affordable products that deliver exceptional sound quality, Toreto has consistently stayed ahead of market trends. From mobile accessories to car tech, Toreto is committed to enhancing the audio experience for all users, a dedication that has earned it accolades such as ‘Most Promising Brand in the Audio Category’ at Device Next Summit 2023.

For further Information

Keshav Bhardwaj

9899863898

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Surat (Gujarat) [India], August 13: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks and Panels in India has reported consolidated net profit of Rs. 3.03 crore (PAT margin 5.80%) for the Q1 FY 2024-25 ended June 2024. Revenue from Operations during Q1 FY 2024-25 was reported at Rs. 51.57 crore. EBITDA for Q1 FY2024-25 stood at Rs. 9.65 crore (EBITDA Margin 18.71%). EPS for Q1FY25 stood at Rs. 0.62 per share.

Highlights

• Company has recommended 1:1 Bonus Issue to reward existing shareholders, enhance liquidity, and expand the shareholder base.
• Company has reported 5 year CAGR of 19% in Sales and over 80% in Net Profit
• For FY24, company reported Revenue of Rs. 243.2 crore, EBITDA of Rs. 56.15 and PAT of Rs. 30.69 crore

The above Net Profit i.e. PAT is after set off of Loss of Rs. 2.83 Cr. of JV Company, SIAM Cement BigBloc Construction Technologies Private Limited in which Bigbloc Construction Limited holds 52% stake while SCG International India Private Limited holds 48% stake. Net Profit attributable to the Company is Rs. 4.39 Cr.

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space. BigBloc operates four AAC plants: one in Umargaon District: Valsad, Gujarat, second in Wada, Maharashtra, and third in Kapadvanj, District Kheda, Gujarat. The new facility in Kheda is the company’s fourth plant, uniquely equipped to manufacture both AAC blocks and the innovative AAC wall. With this Joint Venture company’s total capacity has increased to 1.3 Million CBM/Annum. It is among the very few companies in AAC industry to generate carbon credits.

Mr. Narayan Saboo, the Chairman, Bigbloc Construction Ltd said, “Our company is making significant strides in its long-term growth roadmap, positioning ourselves as a leader in the AAC block industry in India. With projects at Kapadvanj and Wada progressing on schedule, we’re set to transform the market. To reward our loyal shareholders and enhance liquidity, the board has recommended a bonus issue, reinforcing our equity base. We remain focused on innovation, operational efficiency, and sustainability, which will drive future growth and value for all stakeholders.”

The Company in its board meeting on July 19, 2024 has recommended issue of bonus equity shares in the ratio of 1:1 i.e. one bonus equity share for every one existing equity share held by the shareholders of the company as on the record date, subject to the approval of shareholders at the AGM on August 29, 2024. The bonus issue is aimed at rewarding existing shareholders, enhance liquidity, and expand the shareholder base. Free reserves of Rs. 28.31 crore will be utilized for the Bonus Issue. Subject to obtaining necessary approvals, the bonus shares shall be credited within 2 months from the date of the Board approval i.e. on or before September 18, 2024.

“The company experienced flat volume growth in Q1FY25 due to market disruptions linked to the Holi festival and delays associated with the Loksabha Elections. These disruptions particularly impacted the West and North regions, where migrant labor is essential. Additionally, in Ahmedabad and Gandhinagar, construction activities were paused for 4 to 5 hours daily in May 2024 due to extreme heat, in line with Municipal Corporation guidelines, which affected the demand for blocks. Moreover, the Umargaon plant has been undergoing a planned temporary shutdown for technology upgrades since May 18, 2024.

Profitability during the quarter remained under pressure as the company had incurred expenses for inauguration and product launch and various other markeing related expenses of “ZMARTBUILD WALL” for the newly commercialised JV plant. Additionally, depreciation and other operating expenses have been charged for the full quarter, however, corresponding revenue generation has been less, added Mr. Saboo. ”

The board also approved the proposal of increasing the authorised share capital of the company to Rs. 30 crore divided into 15 crore Equity Shares of Rs. 2 each, subject to approval of the members and regulatory authorities.

Bigbloc Building Elements Pvt Ltd

• Bigbloc Building Elements Pvt Ltd, wholly owned subsidiary of the company aims to double the production capacity of Wada plant to 5 lakh cubic meter per annum in Phase 2 from existing 2.5 lakh cubic meter per annum. With a commitment towards keeping the carbon footprints to the lowest possible, company is installing a rooftop solar power project of 625 KW at is Wada Plant with an investment of Rs. 2.5 crore. The capacity utilisation at Bigbloc Building Elements Private Limited for the first quarter was 78%.

• The installed capacity has increased from 300,000 CBM to 400,000 CBM per annum from 1st June 2024. The Plant is undergoing further capacity expansion, which will the increase installed capacity to 500,000 CBM. The same is planned to be completed within 2 months.

• Committed to the Green Initiative and fostering a sustainable environment while reducing carbon footprint, has decided to install a rooftop solar power project of 625 Kilo Watts.

SIAM Cement Big Bloc Construction Technologies Pvt Ltd

• SIAM Cement BigBloc Construction Technologies Pvt Ltd, a joint venture between BigBloc Construction Ltd and Thailand’s SCG International, has launched its India operations with a Rs. 65 crore investment in Kheda, Gujarat. The company inaugurated India’s first AAC Wall Plant on June 10, 2024, producing large-format AAC Wall products ranging from 8 to 12 feet in length, 2 feet in width, and 3 to 8 inches in thickness.

• The plant, with a capacity of 2.5 lakh cubic meters annually, is expected to generate Rs. 100 crore in revenue at full capacity. The joint venture aims to expand to 5 lakh cubic meters per year in the second phase, fostering innovation in the Indian construction market.

• Company has launched new products in the market under the brand name “ZMARTBUILD WALL by NXTBLOC”. The plant has started recently and has been facing teething issues since it is a new product.

For FY24, company has reported consolidated net profit of Rs. 30.69 crore. Revenue from operations during FY24 was reported at Rs. 243.22 crore, rise of 21.55% Y-o-Y as compared to operational revenue of Rs. 200.11 crore in FY23. EBITDA for FY24 stood at Rs. 56.15 crore, rise of 12.29% as against EBITDA of Rs. 50.01 crore. The Company has reported a strong operational and financial performance with a 5 year CAGR of 19% in Sales and over 80% in Net Profit.

Sustainable and non-toxic building construction material, AAC blocks and AAC Walls are lightweight, soundproof, and fire resistant, offer superior build quality, eco-friendly and economical too compared to traditional bricks.

BigBloc Construction Limited is India’s leading AAC block manufacturing company. The Company markets its products under the brand name ‘NXTBLOC‘. The company has executed over 2,000 projects so far and has another 1,500 plus in the pipeline. The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, Prestige, Piramal, Oberoi Realty, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, and Sunteck, Sethia Infrastructure Pvt Ltd, Dosti Group, Purvankara Ltd among others.

During the quarter company added new customers including Aurum Girnar Pvt Ltd, Unique Spaces, Aishwaryam Group, Bhoomi Pratishta by Bhoomi Group, Soham Infra Build Pvt Ltd, Kaavyaratna Pravesh LLP, Riviera, Trine Projects India Pvt Ltd, Darshanam Realty, Gamara Buildcon Pvt Ltd among others.

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New Delhi (India), August 13:  Aayush Wellness Limited, formerly Aayush Food and Herbs Limited, has reported its best quarterly earnings in the quarter ended June 30, 2024. The company achieved an impressive 6300% y-o-y topline growth and 183.56% y-o-y bottom line growth. Company’s total revenue stood Rs. 1110.56 lakhs vis-à-vis Rs. 17.35 lakhs in June 2023 and profit after tax stood at Rs 25.49 lakhs, vis-a-vis Rs 8.98 lakhs in the same quarter last year.

The Earnings Per Share (EPS) has also risen to Rs 0.79 per share vis-a vis Rs. 0.28 per share, reflecting a substantial 184% y-o-y rise. This notable growth was fueled by the successful expansion and enhancement of its product portfolio, alongside strong performance across its core business segments in the Healthcare and wellness sector. In the June 2024 quarter, the company achieved a Profit After Tax (PAT) of ₹25.49 lakhs, representing a substantial increase of 51.30% compared to the PAT of ₹16.85 lakhs recorded in the previous quarter (March 2024).

The company achieved total revenue of Rs 1110.56 Lakhs, representing an impressive growth of 6300% compared to Rs 17.35 lakhs in Q1 FY24. This surge was driven by increased demand for the company’s products and  existing services, coupled with the successful expansion into new markets.

Aayush Herbal Pan Masala has received an over whelming response from the market. Within a short span from its launch, the Company has been receiving orders for the herbal Pan Masala from all corners of India.

This Pan Masala, being a 100% natural and ayurvedic product, prioritizes consumer health and well-being by offering a gratifying taste experience. As a spit-free alternative this pan masala can play an important role in the “SWACCH BHARAT” mission.

Company is targeting the Gutka and Pan Masala Market which is valued at Rs. 44,973 Cr. The Gutka and Pan Masala Market is projected to grow at a compounded rate of 3.6% per annum. With increasing healthcare awareness and evolving customer preferences, Aayush Herbal Pan Masala offers a healthier alternative to traditional gutka and pan masala.

Given the significant size of the pan masala market in India, Aayush Herbal Pan Masala is well-positioned to seize a considerable portion of this market.

Mr. Kumar, Managing Director of Aayush Wellness Ltd, said, “Tobacco and supari-free herbal Pan Masala is growing very rapidly in the states where gutka & pan masala consumption is very high. We are selling this product through our website www.aayushwellness.com. Around 70-80% of the orders and inquiries are from Western, Central and Northern regions that account for 53% of India’s total pan masala consumption. Hence, we are now signing up distributors and other intermediaries in several cities to ensure that the product is available at local pan shops, as well as ayurvedic and general stores.

 The success of the herbal pan masala has laid down the foundation for us to introduce more health enhancing products and services in the future.”

Aayush Wellness remains committed to delivering long-term value to its stakeholders and is confident that this strategic initiative will further strengthen its market position and enhance shareholder wealth.

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