Ujjivan Financial IPO opens on April 28

Price Band: Rs.207 to Rs.210 per Equity Share of Face Value of Rs.10
  Fresh Issue of Equity Shares aggregating up to Rs. 3,581.61 million**
Bid/Offer Opening Date – April 28, 2016 and Bid/Offer Closing Date – May 02, 2016

BANGALORE, April 27, 2016: Ujjivan Financial Services Ltd. is a Non Banking Financial Company – Micro Finance Institution which started operations in 2005 as a Non Banking Financial Company. As of December 31, 2015, UFS has served over 2.77 million active customers across 24 states and union territories through a network of 470 branches and 7,862 employees. The IPO opens on April 28, 2016 and closes on May 02, 2016, with a price band of Rs. 207 – Rs.210 per Equity Share of face value of Rs. 10 each. The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date, i.e. April 27, 2016. 

The IPO consists of a fresh issue of Equity Shares aggregating up to Rs. 3,581.61 million by the Company and an offer for sale of up to 24,968,332 Equity Shares by Elevar, FMO, IFC, IFIF, MUC, Sarva Capital, WCP and WWB. The Company, in consultation with the BRLMs, has completed a Pre-IPO Placement of 14,236,057 Equity Shares for cash consideration aggregating to Rs. 2,918.39 million. The size of the Fresh Issue as disclosed in the Draft Red Herring Prospectus dated December 31, 2015, being Rs. 6,500 million, has been reduced accordingly. 

The Offer is being made through the Book Building Process, wherein 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”). The Company and the Selling Shareholders, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), at the Anchor Investor Allocation Price. At least one-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation of the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. 

Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential Bidders (except Anchor Investors) shall participate in the Offer mandatorily through the Applications Supported by Blocked Amount (“ASBA”) process. 

Any Bidder who, either by himself directly or indirectly or along with the relatives, or associated enterprises, or persons acting in concert (as described under section 12B of the Banking Regulation Act) (“Other Persons”) associated with it, Bids for such number of Equity Shares that (along with the existing aggregate shareholding in the Company of such Bidder and the Other Persons associated with such Bidder), results in such Bidder, together with the Other Persons associated with such Bidder, holding 5% or more of the post-Offer paid-up share capital of the 

Company, shall obtain a valid and subsisting approval of the RBI to be eligible to acquire and hold, after considering its existing shareholding if any, in the Company, together with the existing shareholding in the Company, if any, of the Other Persons associated with such Bidder, 5% or more of the post-Offer paid-up share capital of our Company, either individually or on an aggregate basis with the Other Persons associated with such Bidder, as the case may be, subject to the subscription level in the Offer. 

The Company proposes to utilise the Net Proceeds of the Fresh Issue for augmenting its capital base. Kotak Mahindra Capital Company Limited, Axis Capital Limited, ICICI Securities Limited and IIFL Holdings Limited are the BRLMs to the Offer, while Karvy Computershare Private Limited is the Registrar to the Offer. The Equity Shares of the Company are proposed to be listed on the BSE and the NSE.

RENAULT INDIA LAUNCHES ALL NEW DUSTER

Bangalore, April 13: Renault India, one of the country’s fastest growing automobile manufacturers, launched the all new Duster range in Bangalore today. The New Duster range which was recently unveiled at the Auto Expo 2016 includes India’s first 6 speed Easy – R AMT and also boasts of more than 32 new changes along with superior engineering, styling, safety and comfort features.
These new enhancements perfectly complement the New Duster, while it retains its iconic crossover style body shape that enabled Duster to create an entirely new segment in India’s automotive industry.

The New Duster features New ‘CMO10’ & ‘T4 E&E’ architecture enabling enhanced safety and superior ride and handling.

The New Duster with manual transmission is available in five trim levels – Standard, RXE, RXL, RXS, and RXZ, with both diesel and petrol powertrains on offer. While the introductory petrol base variant is priced at Rs. 8,63,999 (ex-Bangalore), the top of the line AWD (4x4) variant is offered at an introductory price of Rs. 13,73,999 (ex- Bangalore). Along with this, the all new Duster will also come with India’s first 6 speed Easy – R AMT in a diesel powertrain at an introductory price of Rs. 11,83,999 (ex- Bangalore).

The New Duster offers unmatched Performance, Driveability and Efficiency

Offering the comfort of a sedan and the performance of an SUV, the New Duster diesel offerings are powered by an extremely efficient K9K 1.5 litre dCi engine (common rail direct injection), delivering a combination of high performance and an excellent fuel efficiency. With superior comfort, high driving position and 210mm of ground clearance, the new Duster is capable of handling the toughest of Indian roads.

In the AWD diesel variant, the reliable and fuel efficient the K9K 1.5 litre dCi engine will deliver maximum power of 110PS@4000rpm and peak torque of 245Nm@1750rpm. The engine is mated to a 6 speed manual transmission delivering an excellent fuel efficiency of 19.72 kmpl (ARAI).

The new Duster with 6 speed Easy – R AMT is a driver’s delight enabling easy driving in busy city traffic conditions. It is available on K9K 1.5 litre dCi engine with maximum power of 110 PS@4000rpm and peak torque of 245Nm@1750rpm. The new Easy – R AMT provides similar fuel economy of 19.6 kmpl (ARAI).

The New Duster: At a glance                                                              

Exterior Looks: Upping the ante in the fast growing SUV segment, the new Duster flaunts completely refreshed front and rear looks, Electrically Adjustable & Foldable ORVM’s with turn indicators, Waterfall LED Tail Lamps, Hawk Eye Cluster Headlamps, Firefly Fog Lamps, 16” Gun Metal Finish Alloy wheels and Kayak Roof Rails. New Duster will also be available in a sporty and modern new colour – Cayenne Orange.

Plush Interiors: The new Duster’s boasts of a Crimson-Black Interior Theme with sporty Double Spacer Fabric for AWD, and a Cedarwood-Black Interiors theme with Premium Embossed Fabric for other variants. This comes along with Dual Tone Soft Touch dashboard.

State of the Art Technology and Safety Features: The new Duster is equipped with New Rear View Camera with guidelines, New Automatic Air Conditioning, New Auto-up/down window with anti-pinch, New Media Nav, and New Centre Fascia. In terms of essentials of safety, the New Duster will have a host of active and passive safety features including ABS, EBD with Brake Assist, Dual Airbags, ESP & Hill start assist.

Renault created an all new segment in the Indian automotive industry with Duster, which has continued to dominate the Indian roads selling over 1.4 Lakh units in India since its launch in the July 2012. It is also one of the best-selling SUV’s world-wide being marketed in over 100 countries and manufactured in 5 countries.

NEW DUSTER PRICING (ex-Bangalore) –

	Petrol 4X2 MT	Diesel 85 PS 4x2 MT	Diesel 110 PS 4x2 MT	Diesel 110 PS 4x2 AMT	Diesel 110 PS 4x4 MT
Standard	-	9,43,999	-	-	-
RXE	8,63,999	9,63,999	-	-	-
RXL	9,43,999	10,43,999	11,23,999	11,83,999	-
RXS	-	10,93,999	-	-	-
RXZ	-	11,63,999	12,43,999	13,03,999	13,73,999

*ex-Bangalore

 

Mahindra launches new range of 5 Agri Specialist Tractors – Mahindra YUVO

Synopsis:

·         Mahindra YUVO’s advanced technology gives more coverage, faster operations & better quality of work.

·         With the new YUVO range, farmers will be able to DO MORE (Jyada), DO FASTER (Jaldi) & DO BETTER (Behtar) farming operations.

·         Yuvo range offers many best in class & category first features like 12F+3R gears, 1500 kgs lift capacity, precision hydraulics & high engine power (best in class max torque )

·         Designed for over 30 different farming applications, from land preparation to harvesting as well as post-harvesting operations

·         M&M has invested over Rs 300 crores towards the development of this new platform 

·          Available in 5 HP points – 32HP, 35HP, 40HP, 42HP and 45HP

·         Currently will be sold through 400+ Mahindra outlets in 15 states across the country

·         Will be manufactured at Mahindra’s newest plant located at Zaheerabad in Telangana state.

·         Price range of Mahindra YUVO starting at Rs 5.00 lakh for 265 DI (32 HP) to Rs. 6.52 lakh for 575 DI (45 HP) (ex showroom Bangalore).  

 

Mahindra & Mahindra Chief Executive - Farm Equipment & Two Wheeler Division, Rajesh   Jejurikar said, “YUVO is designed based on consumer insights from varied farming applications across the country. A very extensive testing and validation process has been followed. The launch of the Mahindra YUVO, in the very major 30 to 45 HP segment will further strengthen our position in the tractor market."