Tag: Business

New Delhi [India], September 2: Incorporated in 2014, Namo eWaste Management Limited authorized recyclers to offer services for the collection, disposal, and recycling of e-waste. The company is poised for its initial public offering (IPO), with plans to raise INR 51.20 crores through the issuance of 60.24 lakh new shares.

For its SME Initial Public Offering (IPO), Namo eWaste Management Limited has established a price band of Rs 80 to Rs 85 per share. The company’s shares will open for subscription on Wednesday, September 4, 2024, and close on Friday, September 6, 2024. These will be listed on the NSE SME, with a projected listing date of Wednesday, September 11, 2024.

Hem Securities Limited is the book-running lead manager of the Namo eWaste Management IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Namo eWaste Management IPO is Hem Finlease.

The proceeds of the issue will be utilized to fund the capital requirements of its subsidiary, i.e. Techeco Waste Management LLP, towards setting up a new factory unit at Nashik, funding to meet working capital requirements and general corporate purposes.

On Monday, September 9, 2024, the shares for the Namo eWaste Management IPO are anticipated to be allotted, and on Tuesday, September 10, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

Retail investors need to contribute a minimum of Rs 1.36 lakh, considering the minimum lot size for an application is 1600 shares. For HNIs, the minimum bidding size is two lots, or 3200 shares, for a total investment of Rs 2.72 lakh at the upper price band.

Namo eWaste Management Limited’s revenue increased by 73%, and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.

Namo eWaste Management provides comprehensive services for the recycling of Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators, laptops, phones, washing machines, fans, etc.

The company’s service portfolio includes Electronics recycling, Refurbishment, and Extended producer responsibility (EPR) services. The company has leased a factory in Faridabad, Haryana, India, with an area of 2566 square meters, and a storage and dismantling unit in Palwal, Haryana, India, with an area of 16,010 square meters.

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New Delhi [India], August 31:  BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India, has approved the issue of bonus equity shares in the ratio of 1:1, i.e. one bonus equity shares of face value Rs. 2 each for every one existing equity share of Rs. 2/- each held by the shareholders of the company as on the record date, at company’s Annual General Meeting held on Thursday, August 29, 2024. The bonus issue is aimed at reward existing shareholders, enhance liquidity, and expand the shareholder base.

The company also approved the final dividend – 20% – Rs. 0.40 per equity share for the financial year ended March 2024, along with the proposal of increasing the authorised share capital of the company from Rs. 15 crores to Rs. 30 crores divided into 15 crores Equity Shares of Rs. 2 each at the AGM.

Subject to obtaining necessary approvals from relevant authorities, 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 record date for final dividend payment is Friday, July 26, 2024. Promoter Group shareholders, comprising 60.18% of the company’s shares, are waiving their dividend (Final Dividend for Financial Year 2023-2024) considering the forthcoming expansions of the company.

Highlights

• Bonus issue is aimed at to reward existing shareholders, enhance liquidity, and expand the shareholder base.
• Promoter Group shareholders, comprising 60.18% of the company, are waiving their dividend
• 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

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

Mr Narayan Saboo, Chairman of Bigbloc Construction Ltd, said, “Our Company is set to bring major transformation in the AAC Block industry. Further, the board has recommended a bonus issue to reward our loyal shareholders and boost liquidity. This move will enhance our equity base and support continued growth. We anticipate sustained momentum and look forward to further achievements in the coming years.”

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed companies 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. The company’s total capacity has increased to 1.3 million CBM/Annum in this joint venture. It is among the few AAC industry companies to generate carbon credits.

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

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With the launch of its new gemstone jewellery division, MyRatna, a well-established and certified gemstone seller based in Udaipur, India is proud to announce the expansion of its business. This milestone highlights MyRatna’s unwavering dedication to quality and elegance, now extending beyond gemstones to include finely crafted jewellery.

Founded in 1965 by visionary ancestors, MyRatna has built a strong reputation by offering premium gemstones to astrologers, jewelers, and customers worldwide. This new venture aims to further solidify its standing as a trusted name in the industry by introducing the timeless beauty of gemstone jewellery to a global audience in the form of an exquisite gemstone jewellery collection.

For over sixty years, MyRatna has been the go-to brand for the finest quality gemstones, earning the trust of professionals in the jewellery industry and gemstone enthusiasts alike. The introduction of its gemstone jewellery line marks a new chapter in its decades-long rich history, skillfully blending its heritage with contemporary design. By branching into jewellery, MyRatna is set to captivate a wider audience, offering a distinctive mix of traditional craftsmanship and modern style that distinguishes it in the market from other brands.

This expansion reflects MyRatna’s ongoing commitment to its clientele, upholding the legacy of quality and trust that has defined the brand for over six decades. Each piece in the new collection is designed to showcase the natural beauty of the gemstones while appealing to modern tastes, ensuring that the brand continues to meet the expectations of its discerning customers.

A Legacy of Quality and Trust

MyRatna’s journey began in 1965, when its founders recognized the untapped potential of the gemstone market in India. Over the years, the company has built a solid reputation for its unwavering dedication to quality and customer satisfaction. Customers can rest assured that they will only receive the most expensive and authentic gemstones from the newly launched extensive assortment because each stone is hand-picked and certified.

Emerald Stone, Blue Sapphire Stone, and Yellow Sapphire are among the rarest and most sought-after jewels in the collection; each one has been carefully selected to meet the highest requirements. These are also the ones to look out for within the collection.

Apart from its outstanding variety of gemstones, MyRatna has established strong connections with skilled artisans who are known for their craftsmanship. These collaborations have allowed the brand to create jewellery that is as stunning as the gemstones. The new jewellery collection skillfully blends traditional craftsmanship with innovative design seamlessly to highlight each stone’s natural beauty and brilliance that is up to the mark for the esteemed clientele with rich and sophisticated taste.

The Designer Gemstone Jewelry Collection

The launch of MyRatna’s gemstone jewelry line is expected to have an outstanding impact on the jewelry industry. Thanks to the large variety of jewelry pieces, including bracelets, rings, necklaces, and earrings. Every item is designed to highlight the jewels’ amazing clarity and vibrant colors. Each piece exhibits the firm dedication to excellence of the brand and is crafted with the precision and meticulousness that have made MyRatna a household name.

Their collection is beautiful and varied, fitting well for many different tastes and situations. Whether you’re looking for a bold piece for a special occasion or a subtle piece for everyday wear, MyRatna’s gemstone jewelry has something for everyone, and the collection does not disappoint. Because of its adaptability, the line is a must-have for anybody who values fine jewelry because it can appeal to both traditionalists and modernists.

Sustainable and Ethically Sourced

Due to its commitment to sustainability and ethical sourcing, MyRatna stands out in today’s marketplace where customers are becoming more and more concerned about the ethical implications of their purchases. The company’s whole supply chain demonstrates its dedication to ethical business practices. MyRatna guarantees that every gemstone is sourced in a way that respects the environment and the communities involved in its production by carefully choosing suppliers who share its beliefs.

MyRatna also prioritizes fair trade practices, particularly in its dealings with the artisans who craft its jewelry. Because these talented artisans receive just compensation for their labor, the craft of manufacturing jewelry is preserved while they are able to support themselves. By adhering to these moral standards, MyRatna not only raises the value of its goods but also makes a beneficial impact on the communities that serve as the foundations of the gemstone trade.

A Premier Online Shopping Experience

MyRatna understands the importance of a flawless and fulfilling shopping experience for its valued customers, which is why it has launched its jewellery collection and made major website updates. Thanks to the recent updates, which feature high-resolution photos and thorough descriptions of each piece, customers can now fully appreciate the beauty and craftsmanship of the jewellery before making a purchase. Customers can easily buy their exquisite gemstone jewellery from MyRatna because they also offer free shipping both within India and internationally. By providing secure payment methods and a simple return policy, the company ensures that every customer can shop with confidence.

Customer-Centric Values

At the heart of MyRatna’s operations is a strong commitment to its customers. This customer-centric approach has been a commitment to MyRatna’s success for over six decades and continues to be a priority with the launch of the new jewelry collection. The dedicated customer service team at MyRatna is always available to provide support, whether it involves questions about product details, customization options, or order tracking.

MyRatna places great importance on its customers’ feedback. They use it to consistently improve and evolve their offerings time and time again. By building a community of gemstone enthusiasts, MyRatna seeks to develop long-lasting relationships with its customers, fostering a deeper appreciation for the beauty and craftsmanship that define its fine jewelry.

Celebrating Beauty and Elegance

More than just a product addition, the introduction of MyRatna’s gemstone jewelry line is an ode to the grace, beauty, and long history of gemstone crafting. Every item in the collection is proof of the skill and commitment of the craftspeople who create these designs. According to MyRatna, jewelry serves as a means of self-expression and a platform for people to show off their individual sense of style and identity. It is more than simply an accessory.

To commemorate the launch of the new collection, MyRatna has organized a number of exclusive events and deals. These will feature online exhibitions, conversational webinars with specialists in gemstones, and special deals for first-time buyers. Customers are encouraged by MyRatna to maintain connections via its social media platforms and website to stay informed about these exciting upcoming events and promotions.

Kolkata (West Bengal) [India], August 30: Dynamic Services & Security Limited (DSSL), a leading provider of security and facility management solutions, is excited to announce the signing of a Memorandum of Understanding (MoU) to acquire Bharat Battery MFG Co Private Limited for ₹45 crore. Following this announcement, DSSL’s stock hit the upper circuit in today’s trading session, reflecting investor confidence in this strategic acquisition.

Strategic Acquisition and Expansion 

This acquisition is set to be earning accretive and will contribute to the Earnings Per Share (EPS) from the current financial year itself. Bharat Battery MFG Co Private Limited reported a revenue of ₹22.82 crore and a Profit after Tax of ₹4.78 crore for the financial year 2023-2024. This strong financial performance underscores the value and potential of this partnership.

Incorporated in 1941, Bharat Battery MFG Co Private Limited has over eight decades of experience in the battery manufacturing industry. The company is approved by the Research Designs & Standards Organisation (RDSO) and has been an exclusive supplier to Indian Railways for many years.

In addition to this acquisition, DSSL has already acquired a 49% stake in Nacof Nithin Sai Green Energy Private Limited and will acquire balance 51% stake after one year, post-completion of a 150 MW power project in Maharashtra. This project is being undertaken by DSSL thru it’s associate company Nacof Nithin Sai Green Energy Private Limited. Furthermore, DSSL has secured a 100 MW power project in Manipur, to be backed by a government Power Purchase Agreement (PPA). With the acquisition of Bharat Battery MFG Co Private Ltd, DSSL is now backward integrated into the solar business and aims to become a fully integrated player in the solar sector.

Future Collaboration

The acquisition under this MoU will be effective subject to the fulfillment of all stipulated terms and conditions outlined in the agreement. Both companies are optimistic that this collaboration will enhance their operational capabilities and market presence.

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the necessary details have been provided to the National Stock Exchange of India Limited. These details are included as Annexure 1 to this release.

Commenting on the agreement, Mr. Jugal Kishore Bhagat, Managing Director of Dynamic Services & Security Limited, said, “The acquisition of Bharat Battery MFG Co Private Limited represents a strategic move for DSSL, allowing us to diversify our portfolio and strengthen our position in both the security and renewable energy sectors. The strong market reaction is a testament to the value this acquisition brings to our company and shareholders.”

About Dynamic Services and Security Limited

Dynamic Services and Security Limited (DSSL), established in 2016, has garnered recognition as a premier provider of Security Guarding and Manpower Solutions, boasting an impressive track record of serving esteemed government agencies, including the Indian Army, Indian Navy, Indian Air Force, Indian Railways, and Webel Technology Limited.

Catering to a diverse clientele spanning Retail Field Players, Corporate Sector Manufacturing Units, Government Bodies, Educational Institutions, Banks & ATM Centers, Small & Medium-sized Industries, and individual users, DSSL is renowned for its commitment to excellence and innovation.

With a steadfast focus on talent development and strategic partnerships, the company leverages a workforce of over 10,000 employees, comprising divisional managers, executives, supervisors, coordinators, assistants, and workmen across various departments, such as marketing, service sites, administration, and accounts.

Driven by a culture of professionalism and financial stability, DSSL continues to invest in upgrading its resources and infrastructure to meet the evolving needs of its discerning clientele. The company has also made significant strides in the renewable energy sector, particularly in the solar industry. DSSL began its journey in the solar sector with a 720 kW project in Kakdwip, West Bengal. Following this, the company acquired a 41.1% stake in Solace Cogen Private Limited, a Maharashtra-based company involved in solar panel manufacturing. Additionally, DSSL has entered into strategic agreements to acquire the remaining 51% stake in Nacof Nithin Sai Green Energy Private Limited. The company has already acquired a 49% stake in a 150 MW power project in Maharashtra, with the condition that it will acquire the remaining 51% stake one year after the project’s completion. Furthermore, DSSL has secured a 100 MW power project in Manipur, backed by a government Power Purchase Agreement (PPA). The company is now backward integrated into the solar business and aims to become a fully integrated player in India’s solar sector, solidifying its position as an emerging leader in green energy

For further details, please visit Dynamic Service & Security Ltd. (dssl.ind.in)

OR Contact:

Vikraam Sanass

Mobile: +91 99044 91500

Mail: Vikram.iconpr@gmail.com

ICON COMMUNICATION, Surat

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New Delhi [India] August 29: KLM Axiva Finvest has launched its latest promotional campaign, featuring actress Nayanthara as the brand ambassador. The campaign focuses on enhancing the company’s digital presence, with the KLM Gold Loan app at its core, offering round-the-clock access to financial services.

Nayanthara and CEO Manoj Ravi launch KLM Axiva Finvest’s digital campaign, featuring the KLM Gold Loan app.

KLM Axiva Finvest, a leading financial services provider in India, has launched its latest promotional campaign, marking the first comprehensive initiative since the appointment of actress Nayanthara as brand ambassador. The campaign emphasizes KLM Axiva Finvest’s focus on comprehensive digitalization, with a particular spotlight on the KLM Gold Loan app.

The primary objective of this campaign is to strengthen the company’s digital presence, ensuring that all KLM Axiva offerings and services are readily available to consumers through digital channels. The KLM app will act as a gateway for users, offering seamless and efficient access to a wide range of services.

Key features of the app include the processing of gold loans, money transfers, and repayments, all designed to enhance user efficiency. The app guarantees round-the-clock service availability, even on holidays and after regular business hours, making it a standout component of the campaign.

With an extensive branch network across India, KLM Axiva Finvest aims to extend its services to a broader customer base through the app and this new promotional effort. The campaign also highlights the company’s dedication to meeting the diverse needs of all segments of the Indian population, particularly the youth.

The campaign’s tagline, “Tap Tap KLM App,” encapsulates the ease of access and convenience offered by the app.

By featuring one of India’s most celebrated actresses, Nayanthara, as the brand ambassador, the campaign aspires to expand the brand’s reach and acceptance nationwide. The new campaign was officially launched by Nayanthara and CEO Manoj Ravi.

For more information visit – https://klmaxiva.com/

New Delhi [India], August 29: In a seismic shift that promises to revolutionize India’s talent landscape, MyAnatomy is thrilled to announce a strategic addition to its Board of Directors, SV Nathan, a name synonymous with excellence in HR, who has graciously accepted the invitation to join the company’s leadership.

This marks a significant milestone in MyAnatomy’s journey towards transforming career development and corporate engagement globally. SV Nathan’s vast expertise spans Manufacturing, Hospitality, IT, Telecom, Consulting and Professional Services, promising to bring a wealth of insights to MyAnatomy’s innovative platform and services.

“We are deeply honored and humbled to welcome Mr.SV Nathan to our Board of Directors,” said Chinmay Kumar Dash, CEO of MyAnatomy. “This is a significant milestone with SV Nathan joining our Board. His experience coupled with our cutting-edge technology, will catalyse a talent transformation tsunami across the talent landscape.”

SV Nathan’s illustrious career includes pivotal roles at industry giants such as Deloitte and Reliance Infocomm. His transformative leadership has left an indelible mark on prestigious organizations including Microland, Sterling Holiday Resorts Ltd, and ICI India.

A distinguished alumnus of XLRI Jamshedpur, SV Nathan has been recognized as one of the top 20 HR Influencers by Economic Times HR in 2024. His digital influence is equally impressive, having been named one of LinkedIn’s top three Power Profiles in HR for 2017. As the author of the bestseller ‘The HeArt of Work’ and a TEDx speaker, SV Nathan brings a unique blend of experience, expertise and practical wisdom to MyAnatomy.

As the immediate past President of the National Human Resources Development Network, Nathan’s extensive network and influence in the HR community will open new avenues for MyAnatomy’s growth and impact.

“In MyAnatomy, I see the future of talent development and transformation,” said SV Nathan. “I am excited to contribute to an organization that shares my passion for nurturing talent and bridging the gap between education and industry needs. Together, we have the opportunity to shape the careers of countless young professionals and drive innovation in the global talent landscape.”

“This is our moonshot moment,” the CEO adds, eyes gleaming with determination. “With Mr Nathan on board, we’re not just reaching for the stars; we’re creating a galaxy of opportunity for India’s youth.”

In a world where talent is the ultimate currency, MyAnatomy, powered by Mr Nathan’s experience and expertise, is poised to become the central bank of human potential. This is more than news; it’s a clarion call to every student, every corporate, and every institution in India: The future of talent development is here, and its name is MyAnatomy.

About MyAnatomy:

MyAnatomy is a cutting-edge digital talent platform that leverages AI and automation to seamlessly connect employers, job seekers, and educational institutions, revolutionizing the talent landscape. With a skill-first approach, MyAnatomy offers comprehensive solutions such as Skill Assessment, Recruitment, and Learning as a Service, along with an end-to-end Recruitment Process Management System. The platform empowers candidates to identify and bridge skill gaps, aligns them with industry needs, and enhances employability, while also enabling universities to optimize campus placements and training programs. MyAnatomy is committed to creating a balanced and thriving talent ecosystem that meets the dynamic demands of today’s workforce.

For more information, please contact: vidyashree@myanatomy.in
MyAnatomy Integration Pvt Ltd
+91 63631 39957

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Kolkata (West Bengal) [India], August 29: An epic version of the Indian National Anthem conceptualized by Grammy winner Ricky Kej with Kolkata-based cultural activist Sundeep Bhutoria as the associate producer, has set a new landmark by entering the Guinness Book of World records as the “Largest Singing Lesson” featuring a choir of nearly 14,000 tribal children from Odisha who performed together at the Kalinga Institute of Social Sciences in Bhubaneswar, Odisha.

The video also features living musical legends of India – Pandit Hariprasad Chaurasia, Rakesh Chaurasia, Amaan & Ayaan Ali Bangash, Rahul Sharma, Jayanthi Kumaresh, Sheik & Kaleeshabi Mahaboob, Giridhar Udupa and the Royal Philharmonic Orchestra of UK.

“This project is a true celebration of India’s unity in diversity and marks a significant achievement in the realm of musical collaboration and cultural representation. The collaboration of such legendary artists with thousands of children from Odisha sends a powerful message to the world about the strength of our cultural heritage. It has been an honour to be part of this historic moment,” said Sundeep Bhutoria, the Trustee of Prabha Khaitan Foundation, who has been promoting India’s cultural heritage globally.

“This project is a testament to the power of music in bringing people together. It is a celebration of our diverse heritage and a tribute to the spirit of Bharat. I am incredibly proud of what we have achieved together,” said Ricky Kej.

The 14,000 children created a human map of India and formed the word ‘Bharat’ in Hindi and English, a powerful visual representation of India’s rich cultural heritage and the boundless potential of its youth. This version of the National Anthem has been released across platforms by Universal Music India.

Ricky Kej, the celebrated Indian musician, has once again raised the bar for musical excellence by creating a historic rendition of the Indian National Anthem. Following his remarkable achievement in 2023, where he conducted the largest-ever symphony orchestra (100-piece Royal Philharmonic Orchestra, UK) to perform the Indian National Anthem at Abbey Road Studios, London

The recording, was released on August 14th, the eve of India’s Independence Day, across all streaming platforms, is more than just a musical achievement; it is a symbol of the unity and diversity that defines the nation.

Overall, this epic rendition of the national anthem not only signifies a technical achievement in the world of music but also represents a heartfelt homage to the cultural identity of India. It stands as a testament to the unifying power of music, transcending geographical and social boundaries.

New Delhi [India], August 29: E-commerce is a vast and rapidly growing industry with leading players like Amazon and Flipkart dominating the platforms to attract an even larger consumer base. In this pool of competitors, Indifly’s Zionmart, based in Pune, has emerged with its robust partnership as a significant player in the Open Network for Digital Commerce (ONDC) ecosystem. As India’s first logistics buyer app on ONDC, Zionmart is setting new benchmarks by integrating cutting-edge technology with an expansive reach, particularly in tier 2 and tier 3 cities.  Zionmart’s achievements, its key role in ONDC, and the impact of its initiatives highlight its growing influence in digital commerce.

As a network participant, Zionmart has developed comprehensive apps catering to buyers, sellers, and logistics, making it a key enabler of digital commerce. The company’s buyer and seller apps are designed to streamline operations, offering AI-powered cataloguing, inventory management, and advanced search functionalities. This enhances the user experience and empowers small and medium enterprises (SMEs) to thrive in an increasingly digital marketplace.

At Indifly Ventures, we are committed to supporting entrepreneurship and digital growth across Bharat. I’m dedicated to helping local businesses thrive and realizing our vision of a digitally inclusive India. said Mr. Vishvjeet Thombre, CEO of Indifly Ventures.

I see our integration into the ONDC network as more than just a business milestone; it’s a crucial step towards aligning with the government’s goal of a fair digital economy. said Mr. Narahari Rao, CEO of Zionmart

With over 1500 sellers boarded in pilot, Zionmart is creating a sincere ecosystem that facilitates united transactions between buyers and sellers. The company’s logistics app plays a crucial role in ensuring effective order fulfilment and delivery, which is vital for maintaining customer satisfaction and driving repeat business.

As Zionmart continues to solidify its position within the ONDC network, its focus on tier 2 and tier 3 cities. These regions, often overlooked by other e-commerce platforms, are now undergoing a transformative digital shift. Zionmart’s extensive network and strategic outreach are equipping local businesses with the tools and support necessary to compete on a national scale. By streamlining e-commerce and driving grassroots economic growth, Zionmart is playing a pivotal role in reshaping the digital marketplace.

ONDC, a government-backed initiative, aims to create an open, inclusive, and transparent platform that democratizes digital commerce across India. With a target to on board 1.2 million sellers by 2025, ONDC envisions creating a $100 billion market and simplifying 30 million digital transactions daily. Zionmart’s involvement in this ambitious initiative is not only critical but also aligns with ONDC’s broader goals of dismantling monopolistic practices and empowering small and medium enterprises (SMEs).

Beyond its core offerings, Zionmart offers a range of custom-branded platforms  personalised to the needs of various industries. These resolutions enable businesses to rebrand and utilise Zionmart’s platform under their own brand identity, offering a unique and flexible e-commerce solution. This approach not only diversifies Zionmart’s revenue streams but also sets its position within the ONDC ecosystem.

Zionmart’s impact is further amplified by its sister ventures within the Indifly group, such as Indipe and SkillSetu, which are also making significant strides in the ONDC space. Indipe is transforming the credit landscape through its loan app, which integrates with ONDC to bring multiple loan providers onto a single platform. This innovation simplifies the process of securing credit for both businesses and individuals, thereby easing growth.

SkillSetu, powered by ONEST, simplifies the process of skill development and career advancement for learners of all backgrounds. With a focus on creating a connected and streamlined digital ecosystem, SkillSetu offers a wide range of services tailored to meet the diverse needs of students and professionals, including course discovery, mentorship connections, skill development programs, internship and job access, and financial support options.

As Zionmart continues to grow and extend its influence, it is set to play a critical role in shaping the future of digital commerce in India, alongside Indipe and SkillSetu. These initiatives under Indifly Ventures are driving innovation and fostering economic growth across all levels of the ONDC ecosystem.

For more Information please visit https://indifly.in/?source=aspire&medium=press-release&campaign=pr and  https://zioncommerce.in/?source=aspire&medium=press-release&campaign=pr 

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Ahmedabad (Maharashtra) [India], August 28: Boss Packaging Solutions Ltd, Ahmedabad-based Packaging Machines Manufacturing & Solution company, is planning to raise up to Rs. 8.41 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange. The public issue opens for subscription on August 30 and closes on September 03. The Proceeds of the public issue will be utilized to fund the company’s working capital requirement, additional CNC equipment and general corporate purposes. Fedex Securities Private Limited is the book-running lead manager of the issue.

The initial public offering of Rs. 8.41 crore, comprises of a fresh issue of 1,274,000 shares of face value Rs. 10 each. Company has finalized price of Rs. 66 per equity share for the public issue. The minimum lot size for retail investors is 2000 shares amounting to minimum investment of Rs 1,32,000. The minimum lot size investment for HNI is 2 lots (4000 shares) amounting to Rs 2,64,000.

Incorporated in January 2012, Boss Packaging Solutions Limited manufactures, supplies, and exports a variety of packaging, capping, and filling machines. They also offer self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators.

Highlights:

• Fresh Public issue of 12.74 lakh equity shares opens for subscription from August 30 to September 3
• The company provides Packaging Machines & Solutions suitable for Pharma, FMCG and Pesticides
• Minimum lot size for the application is 2000 shares; Minimum IPO application amount Rs. 1.32 lakh
• Funds raised through the issue will be used for Additional CNC Equipment and Working capital
• For FY23-24 company reported revenue of Rs. 12.17 crore and Net Profit of Rs. 1.01crore
• Fedex Securities Pvt Ltd is the book-running lead manager of the issue.

Company has full packaging line includes, automatic liquid packaging, cream/lotion packaging line, honey packaging line, paint packaging line, flavoured milk packaging, syrup packaging, pesticides and chemical packaging line, sanitizer packaging line, lubricant oil packaging line, edible oil packaging line, ghee packaging line and sauce packaging line.

The company has expanded its packaging machines portfolio, which includes a comprehensive range of packaging machinery such as industrial packaging machines with Semi-Automatic or fully automatic Liquid Filling Machines, Screw or ROPP Capping machines, Pick and Place Screw Capping Machines. Wide range of Self-Adhesive Sticker Labelling Machines, Hologram Applicator Machines, Shrink Sleeve Applicator Machines, Conveyors and Turn Tables, Air Jet Cleaning Machine, Semi-Automatic or automatic shrink-wrapping machines (Web Sealer), Electric Tunnels and Winder Rewinder and customized atomization to cater to diverse customer requirements.

Presently, the company supply to 18 states and 3 UT apart from exports, having Pan India presence for marketing and support services under own brand.

The company supplies its products to industries such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.

Company has well-equipped machine manufacturing facilities along with a registered office in Ahmedabad, Gujarat, India.

Business Highlights:-

The company’s revenue from operations for the Fiscal 2024 & Fiscal 2023 respectively was Rs. 12.17 crores & Rs. 10.33 crores. EBIDTA for Fiscal 2024 & Fiscal 2023 was Rs. 1.55 crore & Rs. 1.43 crore respectively. Profit after tax for the Fiscal 2024 & Fiscal 2023 was Rs. 1.01 crore and Rs. 1.00 crore respectively.

As of March 2024, the Net Worth of the company was reported at Rs. 4.52 crore and Reserves & Surplus at Rs. 1.35 crore. As of March 2024, the ROE of the company was 22.31%, ROCE at 28.99%, and RoNW at 22.31%. Shares of the company will be listed on NSE’s Emerge platform.

With IPO priced at Rs. 66 per share, EPS of Rs. 3.38 per share for FY2024, PE ratio comes to around 19.54. Industry PE is around 54 times. Price to Book value is 4.62 times.

IPO Highlights – Boss Packaging Solutions Limited
IPO Opens on	August 30, 2024
IPO Closes on	September 03, 2024
Issue Price	Rs. 66 Per Share
Issue Size	12.74 lakh shares – up to Rs. 8.41 crore
Lot Size	2000 Shares
Listing on	NSE Emerge Platform of National Stock Exchange

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New Delhi [India], August 28: Wilo Mather and Platt Pumps Pvt. Ltd., a global leader in pump technology, has unveiled a comprehensive suite of solutions designed to address the growing various challenges within India’s fire safety infrastructure, ensuring that fire protection systems remain reliable, efficient, and adaptable to the country’s evolving urban landscape.

One of the key challenges facing the fire safety sector is the shrinking space available for essential infrastructure, such as pump rooms, due to rising land costs. In response, Wilo Mather and Platt has introduced vertical execution pumps that significantly reduce floor space requirements by up to 60%. These compact pumps offer full functionality without compromising performance, making them ideal for space-constrained environments.

“In an environment where every square meter counts, our vertical execution pumps optimize space without sacrificing performance,” said Hemant Watve, CMD, Wilo India.

Another major challenge is the increasing demand for high water pressure in India’s rapidly growing number of high-rise buildings, which often require pumps capable of delivering water to heights of up to 700 meters. Wilo’s robust multistage pumps are engineered to meet these stringent requirements, ensuring reliable water pressure even in the tallest structures. “Our multistage pumps are designed with the future in mind, capable of meeting the extreme demands of modern high-rise buildings,” said Anil Keswani, Head -Distribution Sales of Wilo India.

Vinod Pawar, Head of Building Services Commercial of Wilo India, said, “Fire pumps are the silent guardians of our safety, and our AMC program ensures they are always ready to protect when needed, “Operational readiness of fire pumps is a critical issue, as these systems are often neglected until needed in an emergency, leading to potential failures.

Wilo addresses this concern with its comprehensive Annual Maintenance Contracts (AMCs), which provide regular monitoring and maintenance by an authorized service team, ensuring that pumps are always in optimal condition, added Mukul Pendse, Head – Maharashtra and Goa.

Moreover, the synchronization of pumps with control panels in auto mode is frequently overlooked, resulting in inefficiencies. Wilo’s solution is the MCC panel, a central control unit that facilitates seamless automated operation and real-time monitoring through Building Management Systems. Proper installation and commissioning are also critical to the longevity and safe operation of fire pumps. Wilo’s factory-assembled and tested pump sets, combined with expert commissioning supervision services, ensure that installations are executed correctly, safeguarding the equipment’s performance for years to come.

“Correct installation is the foundation of a reliable fire pump system, and our supervision services guarantee that this foundation is solid,” said Vinod Pawar.

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