Heart2Heart Challenge for the healthy heart has kickstarted as over 700 people have already taken the challenge: JB Pharma

Mumbai (TGN): Toeing the theme of World Heart Day 2022 – ‘Cardiovascular Health for Everyone’, India is taking Heart2Heart Challenge for a healthy heart – a unique physical activity campaign to inculcate the healthy habit of checking whether one’s heart is healthy or not by climbing 4 floors (60 steps) because a study published in Rev Esp Cardiol (Engl Ed) ^[1] reveals so.

 

The study further reveals that by climbing stairs one can check one’s heart health as failing to climb 4 floors (60 steps) in one-and-a-half minutes is a sign of sub-optimal heart function.

 

By taking the Heart2Heart Challenge for Healthy Heart, one needs to climb 4 floors i.e., 40 feet in a minute, and if 726 people take this challenge, then the height of Mount Everest (29028.9 feet) in a minute can be climbed. And the height of Mount Everest has been already climbed as over 700 people have taken this challenge.

 

In the opinion of Dr Ajay Mahajan, Prof & Head of Cardiology at KEM Hospital, Mumbai, “Coronary Artery Diseases (CAD) occur in the younger population of India as compared to the western world. The average age of heart attack is 56 years & about 30% occur at the age of fewer than 40 years. This is a decade earlier than the western world. The urban & semi-urban areas have 80% of these heart attacks. Fuelling the rise of coronary artery disease is the fact that 16% worldwide diabetics reside in India making it the infamous diabetic capital of the world.”

Dr Mahajan further added, “The overall mortality of heart attacks of 13% and it is higher in women than the men. Compounding problems is the fact that sudden cardiac death occurs for 10% of are in age groups less than 40%. This leads to a loss of productivity and has a profound socioeconomic impact. A large-scale primary prevention initiative dealing with lifestyle changes of regular exercise, consumption of a balanced and healthy diet and tobacco cessation. Training of personnel in resuscitation is also needed. To spread awareness, the Heart 2 Heart campaign Healthy Heart challenge is the need of the hour.”

 

By taking the Heart2Heart Challenge – Doing it yourself (DIY), Indian youth – who are succumbing to cardiac arrest, and middle-aged people will be able to take preventive measures to resist heart risks in future. 

 

“India is anticipated to have the world's greatest number of cardiac deaths by 2030, with Cardio Vascular Deaths accounting for roughly every fourth death. High blood pressure (BP) is a common risk factor for cardiovascular disease. 42% of Indians with hypertension don't know that their blood pressure is higher than normal. Heart attack and stroke account for 85 % of CVD-related mortality. One of the leading behavioural risk factors are physical inactivity and lack of exercise. Hence, climbing stairs is one of the many forms of exercise that has been scientifically proven to be beneficial for one's heart. The stair climbing test is an easy way to check one’s heart health at no cost. The Heart2Heart campaign is an initiative that needs to be propagated in India to prevent future cardiac problems,” stated Dr Jamshed J Dalal, Director, Centre for Cardiac Sciences, Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, Mumbai.

 

JB Pharma’s initiative – Heart2Heart Healthy Heart Challenge is a unique campaign of its kind, which aims to revive some of the forgotten but essential habits to stay heart healthy. 

 

First, people have forgotten stair climbing, which JB Pharma’s initiative – Heart2Heart Healthy Heart Challenge wishes to revive through this campaign to stay heart-healthy.

 

Second, people have stopped going for preventive health checks as 75% of the Indian population never goes for diagnostic tests, which is the reason why they miss the early signs of (CVDs). But #heart2heartchallengeindia is, do it yourself (DIY) indicative assessment.

 

Third, in the campaign, the simplest methods of BP measurement (BP Right Karo) have been listed because hypertension is a ‘silent killer. But most people with hypertension are unaware of the problem because it may have no warning signs or symptoms. For this reason, blood pressure must be measured regularly. Ends

 

TrackEx Streamlining ITES Industry with state of the art technology

MUMBAI, 29 SEPTEMBER, 2022 (TGN): TrackEx, a pioneering Travel & Expense (T&E) Management company and a subsidiary of global digital transformation consultants MSRCosmos group  launches integrated  travel and expense management solutions for the Information Technology Enabled Services (ITES) industry. 

Their Travel &Expense management system has consistently offered users, administrators, and finance operations across an organization with accurate, streamlined, and scalable processes.

The TrackEx ‘T&E Management Service’ solution will allow enterprises in a variety of industry sectors to easily handle travel-related reimbursement and reporting. This productized service exemplifies how TrackEx can assist customers in reimagining fundamental enterprise processes and engineering intuitive services and solutions that enable breakthrough productivity in the mobile-first cloud-first environment.

Large firms with considerable business travel needs generally have a large team in place to manage workers’ business travel bookings and reimbursements. The testing and evaluation process is time-consuming and complex, with a non-intuitive engagement style that does not always adjust to company and user needs.

The software will automate up to 80% of travel and expense workflow for a company enabling employees to optimize savings on every trip. Employees will enjoy access to a large range of airfare, car and hotel offers at reduced rates. They can avail a wide range of global inventory that makes booking from anywhere in the world a simple procedure. TrackEx’s automated processes claims to save up to 70% of the company’s time along with speedy and on time reimbursements for their staff. 

TrackEx also introduces Optical Character Recognition (OCR) Technology through its systems. This technology, with intelligence, can detect information on single or multiple invoices. Companies can now have receipts scanned effortlessly and on-the-go. 

TrackEx’s offering will also enable prepaid card integration for ITES companies which will help digitise fund management with ease. 

“With business travel coming back on track post the pandemic, it is high time the retail industry embraces automation especially in fields that are paperwork-intensive like travel expense management. Teams in ITES businesses travel frequently and need reliable support that helps them keep their focus on business operations and be worry-free while travelling for work purposes..” – said TrackEx COO Mr. Vedavyas Komara

In addition, he said, “TrackEx believes in the power of innovation to help businesses achieve greater results. Businesses that use our T&E Management Service solution can save up to 60% on total travel and expense management expenditures while also improving employee experience.”, 

TrackEx’s Service is intelligent, scalable, and provides tremendous value to expanding enterprises without compromising user experience or support quality.

TrackEx’s’ travel and expense management service’ solution will develop an intuitive, user-friendly, cloud-based mobile and web application with enterprise and third-party API (Application Program Interface) integration to make this process seamless and efficient.” It will deliver intuitive performance and insights similar to other social apps. The application will make it simple to arrange airline tickets, hotel rooms, and ground transportation. Aside from that, the solution will make it easier to track and report expenses, as well as improve accounting alignment with business rules and standards. It will also use data analytics to detect fraud and duplicate claims based on travel patterns

For Details Please visit : 

https://trackex.com/

MSRvantage leverages cutting-edge Asset Digitization solutions to address diverse industry challenges

MUMBAI, 29 SEPTEMBER, 2022 (TGN): Asset digitization launched by MSRvantage has virtually entered mainstream finance along with other industries and is an incredible advancement in technology which provides enhanced security to businesses and aids in tamper-proof transactions. 

Through this technology MSRvantage creates digital copies of assets. A digital asset is the digitized right of ownership of an asset. During asset digitization, the rights of ownership associated with the asset will be exchanged on a digital platform.

MSRvantage Asset Digitization makes it easier to manage and exchange digital assets amongst different parties in a shared business network. Adoption of tokens and digital currencies are getting mainstream in today’s world. “The speedy growth in demand for digital assets will evolve in the future. With our technology, we are digitising real-world assets in the capital markets.” Said Mr. Balaji Kandregula, Vice President – MSRvantage

“This revolutionary technology gives simple ways to handle the traceability of products that cannot be altered. The process of making a digital replica of an asset is known as asset digitization. A digital asset is an asset’s digitised right of ownership.” He added. 

The rights of ownership linked with the asset will be swapped to a digital platform during asset digitization. MSRvantage’s Asset Digitization facilitates the management and exchange of digital assets among many parties in a shared corporate network. “Tokens and digital currencies are becoming more popular in today’s environment.” Mr. Kandregula stated. This new software solution not only enhances the ability to identify potential contamination sources, but also aids in quality maintenance. It also allows you to trace the source, preventing and regulating counterfeiting in a range of industries.

Assets that are more difficult to transfer, such as gold, real estate, fine art, or carbon credits, frequently need purchasers and sellers to deal with heaps of documentation and drawn-out processes. The value of actual goods can be unlocked and exchanged in real time by portraying them as digital tokens on a distributed digital ledger.

MSRvantage has spent $15 million in the previous three years. Having expanded into several industries, the company plans to invest $5-7 million per year to expand its footprint in the IT sector, where it intends to provide cloud, data, artificial intelligence, enterprise applications, and automation.

For further Detals Please visit :

https://www.msrvantage.com/

मुंबई महानगरी ने देखी एक अभूतपूर्व और आदर्श महारथयात्रा

मुंबई, २७ सितम्बर (TGN): मुंबई नगरी में आज तक यात्राएं तो काफी निकली, लेकिन जिस रथयात्रा को 'अभूतपूर्व' और 'आदर्श' ऐसे शब्दों से नवाजा जा सके ,ऐसी महारथयात्रा दिनांक २५ सितम्बर को हर्षोल्लास के साथ निकली थी.

जैन आगमादि धर्म शास्त्रों और उसका अनुकरण करने वाले सामाचारी के अनुसार आराधना करने वाले- कराने वाले भिवंडी से भायखला और नालासोपारा से वालकेश्वर तक के जैन संघ और समस्त संघ के आराधकों के सामूहिक  आयोजन में कुदरत ने भी जो साथ -सहयोग दिया, उसे प्रभु कृपा का चमत्कार ही मानना पड़ेगा. इस महारथयात्रा की एक- एक विशेषता का यदि वर्णन हो तो पन्नों के पन्ने भर जाय संक्षेप में कहना हो तो ऐसा कहा जा सकता है कि इस महारथयात्रा में सब कुछ  विशेष था. विशेषताओं का महामेला भरा था. इस महारथयात्रा मे लगभग डेढ़ किलोमीटर के क्षेत्र में फैली हुई इस महायात्रा की शोभा को देखने के लिए भारतभर से और मुंबई के उपनगरों में से जो जनसागर उमटा था, उसके सामने अरब सागर भी वामन लगता था और मुंबई के महामार्ग भी संकरे साबित हुए थे.

इस महारथयात्रा में पाठशाला के हजारों विद्यार्थियों ने जो  उत्साह दिखाया था, हजारों युवा जिस उत्साह से नाचे थे और हजारों प्रौढ़  और वृद्धों ने अपनी उपस्थिति से इस रथयात्रा की जो शोभा बढ़ाई थी, उसकी तो बात ही नहीं की जा सकती.

इस महारथयात्रा में पू.आ.श्री विजयसिद्धिसूरीश्वरजी. म. सा., पू. आ.श्री विजय शांतिचंद्र सूरीश्वरजी.म.सा, पू,आ. श्री.विजय शांतिचंद्रसूरीश्वरजी.म.सा. और पू.आ.श्री.विजयअमृतसूरीश्वरजी.म.सा. इन 4 समुदायों के जिनाज्ञाप्रिय अनुयायियों की बड़ी संख्या में उपस्थिति ध्यानाकर्षक बनी थी.

तपागच्छ के सबसे सुविशाल 'सूरिरामचंद्र' समुदाय के महानायक पू.आ.भ.श्री विजयपुण्यपाल सूरीश्वरजी महाराजा के अपने स्वास्थ्य की नाजुक अवस्था में भी इस महारथयात्रा में निश्रा देने हेतु पधारने से सकल श्री संघ का उत्साह आसमान को लांग गया था. महाराष्ट्र के राज्यपाल श्री भगतसिंह कोश्यारी, कैबिनेट मंत्री श्री मंगलप्रभात लोढ़ा, एमएलए श्रीमती गीताबेन जैन तथा श्रीमती शायना एनसी आदि महानुभावों ने इस रथयात्रा के दर्शन कर धन्यता का अनुभव किया था. 

पू. गच्छाधिपतिश्री की आज्ञा -आशीर्वाद से 2 वर्ष पूर्व प्रवचन प्रभावक पू. आ. श्री विजय कीर्तियश सू. म. सा. की निश्रा में समूह रथयात्रा की सर्वप्रथम शुरुआत हुई थी. इस बार गच्छाधिपति पूज्यश्री की पुनीत निश्रा प्राप्त होने से सभी का भावोल्लास ऐसा वृद्धिगत बना कि अब हर वर्ष ऐसी समूह महारथयात्रा चढ़ते रंग के साथ आयोजित करने के मनोरथ में सकल संघ के जुड़ने से आगामी महारथयात्रा के दिन की घोषणा होने के साथ ही मुख्य लाभार्थी आदि के नाम भी दर्ज हो गए थे.

जैन धर्म के 22 वें तीर्थंकर श्री नेमिनाथ प्रभु के केवल ज्ञान कल्याणक दिन और महान जैनाचार्य श्री विजय महाबलसूरीश्वरजी म. सा. की छट्ठी पुण्यतिथि के दिन आयोजित यह महारथयात्रा मुंबई की जनता के लिए यादगार बन गई. रथ यात्रा के बाद मोतीशा लालबाग जैन संघ के उपाश्रय में धर्मसभा आयोजित होने से उस में गुरु भगवंतों के मार्मिक प्रवचन, दीक्षार्थियों का सम्मान, पाठशाला के विद्यार्थियों का सम्मान आदि संपन्न हुआ था.

उसके बाद हजारों साधर्मिकों  को बैठाकर आदर्श भोजन भक्ति का आयोजन किया गया था और शाम को चंदनबाला के श्री महावीरस्वामी जिनालय में अलौकिक महापूजा का आयोजन किया गया था. इसमें भी हजारों भाविकों  ने दर्शन का लाभ लेकर धन्यता का अनुभव किया था. जैन धर्म के मूलभूत सिद्धांतों एवं आदर्शों को ध्यान में रखकर उसके पालन के साथ मनाई गई यह महारथयात्रा वास्तव में आदर्शरूप बन गई थी.

Imagine Marketing (boAt) ranks among the top 5 global wearable companies

 

NATIONAL, 22nd SEPTEMBER, 2022 (TGN): Imagine Marketing, the parent company of boAt has been ranked 5^th in the world as per the leading market research and advisory firm International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker Q2CY2022. In addition, Imagine Marketing continues to retain pole position in the overall wearables category in India for the third consecutive year (CY20, CY21, CY22 YTD) as per IDC India Monthly Wearable Device Tracker, August 2022. The brand has a wide portfolio of well-designed, indigenized, and distinctive lifestyle-oriented products offered at attractive prices.

Imagine Marketing leads the TWS category with 40% plus market share in July 2022. The phenomenal growth is due to the reasons such as availability, affordability, better features and functionalities like ANC, innovative designs, and low-latency mode for gaming. Watch-based wearables also tend to be the fastest-growing category for Imagine Marketing showing strong momentum with >145% growth over the last year (H12021 v/s H12022). In addition to the affordability, features such as Bluetooth calling, bigger screen sizes, and AMOLED displays are attracting both first-time users and upgraders. 

On the global recognition, Aman Gupta, Co-founder & CMO, boAt said, “Design, innovation, and customer centricity are core to our business. The success of our brand can be credited to our agility, fast innovation cycle, and constant listening to our boAtheads. We are humbled, overwhelmed with the confidence and support entrusted by customers over the years. It is a moment of pride for all Indians as it validates the growing acceptance of home-grown brands globally. With the support of our Govt., we will aim to become a global lifestyle brand. We at boAt understand the requirement of millennials and will continue doing what we do best to serve the community of boAtheads. "

Since the first quarter of the Financial Year 2022, many boAt products within the Rockerz, Bassheads, and Airdopes product ranges, as well as within the accessories (including cables and power banks) are being manufactured in India. boAt Bassheads 100, Bassheads 192, Bassheads 225, Rockerz 255 Pro, Rockerz 235v2, Airdopes 131, Airdopes 101, Airdopes 441, power banks, charging cables, and power bricks are among the current products available under boAt's "Make in India" initiative.

आगमादि धर्मशास्त्र एवं उसका अनुसरण करने वाली सामाचारी के अनुसार आराधना करने वाले- कराने वाले जैन संघों की महारथयात्रा “२५ सितंबर” आगामी रविवार को दक्षिण मुंबई के महामार्गों पर निकलेगी

मुंबई, 18 सितंबर, 2022 (TGN): मुंबई महानगर ने पिछले काफी वर्षों में देखी ना हो ऐसी एक अभूतपूर्व महा रथयात्रा आगामी “२५ सितंबर” रविवार को मुंबई के मध्यवर्ती महामार्गों पर जैन शासन का जय जयकार करते हुए निकलेगी. सुबह 8.30 बजे चंदनबाला जैन संघ, वालकेश्वर से महा रथयात्रा प्रयाण करेगी, जिसके दर्शन के लिए महाराष्ट्र- गुजरात -कर्नाटक आदि राज्यों और मुंबई के प्रत्येक उपनगर से भाविकों के बड़ी संख्या में आने की जानकारी मिली है.

 चंदनबाला- मलबार हिल से प्रारंभ होने वाली यह महा रथयात्रा चौपाटी- सुखसागर-गिरगांव, खेतवाड़ी-सी.पी टैंक होकर मुंबई के मध्यवर्ती महामार्गों को पावन कर भूलेश्वर- मोतीशा लालबाग जैन मंदिर पर संपन्न होगी, उसके बाद विराट धर्मसभा का आयोजन होगा, हजारों साधर्मिकों को बैठाकर साधर्मिक भक्ति का आयोजन होगा और शाम को चंदनबाला जिनालय में महापूजा का आयोजन होगा..

जैन आगमादि धर्मशास्त्रों और उसका अनुकरण करने वाली सामाचारी के अनुसार आराधना करने वाले- कराने वाले बृहद मुंबई के संघ और समस्त संघ के आराधकों द्वारा इस रथयात्रा का महा आयोजन श्री पर्युषण महापर्व के निमित्त बृहद मुंबई में हुए तपश्चर्याओं के अनुमोदनार्थ एवं श्रावक जीवन के वार्षिक कर्तव्य के पालनरूप में किया गया है...

तपागच्छ के सबसे सुविशाल 'सूरिरामचंद्र' समुदाय के सौभाग्यी महानायक गच्छ सम्राट पू. आ. भ. श्रीमद् विजय पुण्यपालसूरीश्वरजी महाराजा आदि मध्य मुंबई में चातुर्मास विराजमान अनेक पूज्य आचार्य भगवंत आदि साधु-साध्वीजी विशाल संख्या में पधार कर इस महा रथयात्रा में निश्रा प्रदान करेंगे. 

महाराष्ट्र के राज्यपाल, मुख्यमंत्री, कैबिनेट मंत्री तथा VVIP मेहमान आध्यात्मिक लाभ हेतु रथयात्रा में पधारेंगे तथा जैन बंधु हजारों की संख्या में उपस्थित रहकर शासन की शोभा बढ़ाएंगे. इंद्रध्वजाएं, 50 से अधिक संघ की बगीया, 30 से अधिक दीक्षार्थी, चौमुखजी परमात्मा आदि सैकड़ों रचनाएं, पुलिस बैंड, पूना की ढोल आदि वाद्यवृन्दों, अनेक प्रकार की दुर्लभ मंडलियां, ध्वजा लहराते युवाओं- पाठशाला के बालको, हेलीकॉप्टर द्वारा पुष्प वर्षा, परमात्मा के रथ आदि अनेक प्रकार की विशेषताओं से सुशोभित बनने वाली इस रथयात्रा को वास्तविक अर्थ में महा रथयात्रा का दर्जा देने वाली सबसे बड़ी विशेषता यह होगी कि यह पूरी रथयात्रा जैनधर्म के मूलभूत सिद्धांतों- आदर्शों को ध्यान में रखकर उसका पूर्णत: पालन के साथ निकलेगी.

MSRcosmos recognized as a finalist of Microsoft SAP on Azure Partner of the Year 2022

NATIONAL, 1st SEPTEMBER, 2022 (TGN): MSRcosmos has been named a finalist of 2022 Microsoft Partner of the Year Awards in the SAP on Azure category. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

MSRcosmos – 2022 Microsoft Partner of the Year Awards – SAP on Azure 

MSRcosmos SAP on Azure competency has been recognized for its strong cloud proficiency, solution thought leadership, and staunch delivery. 

Speaking on this achievement, Devi Kondapi- Co-Founder & CEO of MSRcosmos said “We are extremely thrilled by our recognition as a finalist in the 2022 Microsoft Partner of the Year awards for our work in SAP on Azure. This recognition is a testimony of our sharp focus, best-fit solutions, proven capabilities, staunch delivery, and relentless effort to offer tangible business value through our core expertise in Cloud, Data, AI, Automation, and Enterprise Applications. This is how we have been assisting customers in accelerating their digital transformation journey.”   

The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services, and devices during the past year. Awards were classified in various categories, with honorees chosen from a set of more than 3,900 submitted nominations from more than 100 countries worldwide.

MSRcosmos is one of the very few certified Microsoft partners globally with Advance specialization in SAP on Azure including modernization of web applications and Linux and Open -Source database migrations. The track record in SAP on Azure migrations has been commendable with extended service expertise on Azure Data & AI, Power BI, and Power Automate. Using strong SAP heritage, solution thought leadership, and expert cloud proficiency, MSRcosmos has been able to harmonize processes, streamline operations, and reduce costs. 

“I am honored to announce the winners and finalists of the 2022 Microsoft Partner of the Year Awards,” said Nick Parker, corporate vice president of Global Partner Solutions at Microsoft. “These partners were outstanding among the exceptional pool of nominees and I’m continuously impressed by their innovative use of Microsoft Cloud technologies and the impact for their customers.”

Microsoft Partner of the Year Awards are announced annually prior to the company’s global partner conference, Microsoft Inspire, which took place on July 19-20 this year. 2022 Additional details on the 2022 awards are available on the Microsoft Partner Network https://blogs.partner.microsoft.com/mpn/congratulations-to-the-2022-microsoft-partner-of-the-year-awards-winners-and-finalists/. The complete list of categories, winners and finalists can be found at https://partner.microsoft.com/en-us/inspire/awards.

Click here to learn about Azure cloud services offered by MSRcosmos. 

About MSRcosmos LLC

At MSRcosmos, we believe in the power to inspire and shape businesses and communities through technology. With a global network of strategic partners and extensive expertise in Cloud, Data/AI, Enterprise Applications, and Automation, our products, services, and solutions help companies transform their businesses.

Follow us on LinkedIn, Twitter, and Facebook.

For more information, please visit https://www.msrcosmos.com/ 

TAMILNAD MERCANTILE BANK LIMITED INITIAL PUBLIC OFFERING TO OPEN ON SEPTEMBER 05, 2022 with Price Band fixed at Rs 500 to Rs 525 per equity share of face value of ₹ 10 each

 

 ·         Price Band fixed at ₹ 500 to ₹ 525 per equity share of face value of ₹ 10 each (“Equity Shares”)

 

·         Bid /Offer Opening Date – Monday, September 05, 2022 and Bid/ Offer Closing Date – Wednesday, September 07, 2022

 

·         The Floor Price is 50.00 times the face value of the Equity Shares and The Cap Price is 52.50 times the face value of Equity Shares

 

·         Bids can be made for a minimum of 28 Equity Shares and in multiples of 28 Equity Shares thereafter

 

MUMBAI, 1st SEPTEMBER, 2022 (TGN): Tamilnad Mercantile Bank Limited (the “Bank”) will open its Initial Public Offering on Monday September 05, 2022. The total offer size of up to 15,840,000 Equity Shares of face value of ₹ 10 each comprising of fresh issue of up to 15,840,000 Equity Shares (the “Offer”).

The Price Band of the Offer has been fixed at ₹ 500 to ₹ 525 per Equity Share of face value ₹ 10 each. Bids can be made for a minimum of 28 Equity Shares and in multiples of 28 Equity Shares thereafter.

Bank proposes to utilise net proceeds of the fresh issue towards augmentation of Bank’s Tier-I capital base to meet Bank’s future capital requirements which are expected to arise out of growth in the Bank’s assets, primarily the Bank’s loans/advances and investment portfolio and to ensure compliance with regulatory requirements on capital adequacy prescribed by the Reserve Bank of India from time to time.

 

The Offer is being made through the book building process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75 % of the Offer shall be allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”, the “QIB Portion”), provided that the Bank may, in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

 

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. 

Further, not more than 15% of the Offer shall be available for allocation to Non-Institutional Bidders (“Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other subcategory of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

 Further, not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders (“Retail Portion”) 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) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of UPI Bidders using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. 

The UPI Mandate acceptance time for Retail and NII bidders (bids up to ₹ 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., September 07, 2022.

For details, see “The Offer Procedure” beginning on page 326 of the Red Herring Prospectus.

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE and NSE.

Axis Capital Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited are the Book Running Lead Managers (“BRLMs”) to the issue.Ends