Tag Archive for engineering

Sansera Engineering files DRHP with SEBI

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sansera Engineering Limited, an engineering-led integrated manufacturer of complex and high-quality precision components for the automotive and aerospace sectors, primarily supplying to original equipment manufacturers (“OEMs”) in India and internationally, filed its DRHP with SEBI on August 10, 2018.

The IPO Initial Public Offering (IPO) comprises of up to 17,244,328 equity shares of face value of Rs 2 each (“Equity Shares”) of Sansera Engineering Limited (“Company” or “Issuer”) for an offer for sale of up to 8,635,408 equity shares by Client Ebene Limited (“CEL”); up to 4,836,723 equity shares by CVCIGP II Employee Ebene Limited (“EEL”), (collectively, the “Investor Selling Shareholders”); up to 2,058,069 equity shares by S Sekhar Vasan; up to 571,376 equity shares by Unni Rajagopal K; up to 571,376 equity shares by F R Singhvi and up to 571,376 equity shares by D Devaraj (collectively, (the “Promoter Selling Shareholders”, and together with the investor selling shareholders, the “Selling Shareholders”). The offer includes a reservation for subscription by eligible employees (as defined hereunder) not exceeding 5% of the post-offer paid up equity share capital (the “Employee Reservation Portion”). The Company may in consultation with the book running lead managers and the selling shareholders, offer a discount to retail individual bidders (“Retail Discount”) and to the eligible employees bidding in the employee reservation portion (the “Employee Discount”) in accordance with the Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2009, as amended, (the “Sebi ICDR Regulations”).

 

ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited, Nomura Financial Advisory and Securities (India) Private Limited and BNP Paribas are the book running lead managers and Link Intime India Private Limitedis the Registrar. Read more

Varroc Engineering Limited Listing Ceremony

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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(L-R): The management of Varroc Engineering Limited Mr. Naresh Chandra (Chairman), Mr. Tarang Jain (Managing Director), Mr. Arjun Jain (President, Electrical BU), Mr. Vikram Limaye (CEO and MD) NSE, along with bankers and family members present for bell ringing ceremony at listing of Varroc Engineering Limited held today in Mumbai at the NSE.

(L-R): Mr. Tarang Jain (Managing Director) Varroc Engineering Limited and Mr. Vikram Limaye (CEO and MD) NSE while exchanging the memento at the listing ceremony of Varroc Engineering Limited held today in Mumbai at NSE.

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Varroc Engineering Limited: Initial Public Offer to open on June 26, 2018 and to close on June 28, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Mickey Doshi (Credit Suisse Securities (India) Private Limited), Mr. Arjun Jain (President, Electrical BU, Varroc Engineering Limited), Mr. T R Srinivasan (Group CFO, Varroc Engineering Limited), Mr. Tarang Jain (Managing Director, Varroc Engineering Limited), Mr. Ashwani Maheshwari (CEO, India Business, Varroc Engineering Limited), Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) and Mr. Subhrajit Roy (Kotak Mahindra Capital Company Limited) at Varroc Engineering Limited IPO Press Conference held today in Mumbai.

Varroc Engineering Limited (the “Company”), proposes to open the Offer on June 26, 2018, an initial public offering of 20,221,730 Equity Shares through an offer for sale by the promoter and investor selling shareholders (as defined below) (the “Offer”). The Offer consists of an offer for sale of (i) up to 1,752,560 Equity Shares by Mr. Tarang Jain (“Promoter Selling Shareholder”), (ii) up to 16,917,130 Equity Shares by Omega TC Holdings Pte. Ltd. (“Investor Selling Shareholder 1”) and (iii) up to 1,552,040 Equity Shares by Tata Capital Financial Services Limited (“Investor Selling Shareholder 2”). The Offer also includes a reservation of 100,000 Equity Shares, for subscription by eligible employees (the “Employee Reservation Portion”) at a discount of Rs. 48 per share on the Offer Price (“Employee Discount”). The Offer less the Employee Reservation Portion is the “Net Offer” and such Net Offer aggregates up to 20,121,730 Equity Shares. The Offer and the Net Offer shall constitute 15% and 14.93%, respectively, of the post-offer paid-up equity share capital of the company. Read more

CMRIT secures 2nd place in the University Visveshvarya College of Engineering, ESPORTIVE Football Tournament 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Team CMRIT

Students of CMR Institute of Technology secured second place in the UVCE (University Visveshvarya College of Engineering), ESPORTIVE Football Tournament 2018 held at the Bangalore University recently. Altogether eight colleges have participated in the tournament. 

The final was played between team CMRIT & Bangalore Institute of Technology. The match was a tie, a penalty shootout was further carried out to determine the winner. Bangalore Institute of Technology was declared the winner of the tournament. Read more

SPX FLOW opens 300-seater facility in Bangalore to expand IT & Engineering Services – To hire 200 by 2020

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

SPX FLOW Global Leadeship Visit

SPX FLOW, a US-based global manufacturing and industrial equipment supplier, has launched a 300-seater facility in Bengaluru to expand the IT and Engineering services and a state-of-the-art factory in Ahmedabad, as part of the India investment and expansion program. The global leadership team has been on a 3-city tour as part of the India growth program. SPX FLOW has a significant global presence in pumps, valves, mixers, dehydration, hydraulic tools and heat exchangers. As part of the growth and expansion, SPX FLOW is looking at hiring 200 people by 2020 including key leadership talents in India. Read more

L&T Technology Services Honours India’s Brightest Engineering Students at TECHgium®

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Winners of TECHgium® 2018- Sri Ramakrishna Engineering College, Coimbatore, Tamil Nadu with Dr. Keshab Panda, CEO & MD, L&T Technology Services

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play Engineering R&D Services company today announced the winners of the second edition of its unique industry academia initiative TECHgium®. Covering hundreds of engineering colleges across the country, including several top tier engineering institutes, TECHgium® is a first of its kind initiative in India to scout for and recognize the best of engineering talent among the fresher community.

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1st International Conference on Emerging Trends in Science, Engineering and Technology

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Ashish Yakmi

Dr. D Y Patil School of Engineering, Charholi(Bk), Lohegaon Pune recently concluded the 1stInternational Conference on Emerging Trends in Science, Engineering and Technology (ICETSET-2018) on 21st& 22nd March 2018. Read more

Students from engineering colleges across India to present futuristic technologies in energy transportation at national innovation contest KPIT Sparkle 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

KPIT Technologies (BSE: 532400; NSE: KPIT), a global technology company specializing in IT consulting and product engineering, announced today that 30 teams from engineering and technology institutes from across India are shortlisted to compete in the finals of its annual national design and development innovation contest, KPIT Sparkle. It aims at fostering a culture of innovation and critical thinking among students to solve real-world problems in socially-relevant sectors.

The KPIT Sparkle 2018 edition, with the Department of Science and Technology, Government of India, as its knowledge partner, invited students to develop next-generation technologies—applying artificial intelligence, new materials, and cybersecurity—to make products in the energy and transportation sectors greener, safer, and user-convenient. It received more than 12,000 registrations from more than 600 engineering and science colleges in the pre-qualification stage and shortlisted 30 of the 1,500+ teams for the finals based on the novelty, affordability, and commercial viability of their proposed ideas. KPIT Sparkle is an initiative by the company’s Innovation Council—chaired by Dr. R. A. Mashelkar, Board Member, KPIT— which focuses on the promotion of innovation both within the company and outside.International jurors consisting of eminent industry experts, technologists, academicians, and business leaders will evaluate the projects. Read more

KPIT and Birlasoft to come together to create two companies in the ‘Automotive Engineering and Mobility Solutions’ and ‘Digital Business IT Services’ space

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By  K Ashwin  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

 

KPIT (BSE: 532400; NSE: KPIT), a well-established technology company with deep expertise in Auto Engineering and Mobility Solutions, and strong presence in Business IT with significant ERP expertise and niche digital competency and, Birlasoft, a part of the USD 1.6 billion diversified CK Birla Group, today announced the coming together of KPIT and Birlasoft, to create a USD 700+ million combined entity that will later demerge into two separate companies, focused on ‘Automotive Engineering and Mobility Solutions’ (the new KPIT Technologies) and ‘Digital Business IT Services’ (Birlasoft) respectively. During the period prior to completion of the deal, KPIT and Birlasoft will continue to be run by their current management, in addition to which management from KPIT and Birlasoft will work together to familiarize Birlasoft with the ITSS business.

 

At the conclusion of the deal, two new companies will be created. The new KPIT Technologies will be a USD 200+ million focused Engineering Services company that will be created by tapping into the current Engineering business of KPIT to create a global leader in Automotive Engineering and Mobility Solutions.

 

The new ‘Birlasoft’ will be a USD 500+ million Digital Business IT Services company that will be created by combining the KPIT ITSS business and the current Birlasoft creating a new leader in the mid-tier IT services space, which will also be called Birlasoft. Read more