*ICICI Prudential Life Insurance* announces the launch of *ICICI Pru Smart Insurance Plan Plus,* a market-linked product specially designed for young, first-time investors.

*Key numbers:*

• ₹1,000 monthly premium – making long-term investing accessible

• 25 fund options and 4 portfolio strategies for tailored investing

• Flexibility to switch funds anytime, with no cost or tax impact

• Optional Waiver of Premium to protect long-term goals

• 100% digital onboarding and service experience

• Life cover for financial protection

LIC Group ranks 4th among the top 10 most valuable Indian brands 2025; Brand Value up 35%

 Mumbai June 25, 2025: PSU insurance giant Life Insurance Corporation of India (LIC) ranked 4th among the 10 most valuable brands in India, according to the Brand Finance India 100 2025 report.

The report notes that LIC's 2025 brand value stood at USD 13.6 billion up 35.1% from 2024 brand value of USD 10.07 billion.

Life Insurance Corporation of India (LIC) reigns supreme among the top brands ranked in the Indian insurance sector. It claimed the position of the world’s third strongest insurance brand ranked by Brand Finance’s 2025 Global Insurance 100 report, achieving a BSI score of 87.9/100. Based on Brand Finance’s market research data, LIC is perceived as a brand with high familiarity and appeal in its home market, alongside its sustained AAA brand strength rating.

Back in the list of top 10 firms by market capitalisation, LIC stands at the 8th spot with a market capitalisation with Rs 5.98 trillion backed by a 38% year-on-year growth in its Q4FY25 consolidated net profit at Rs 19,039 crore versus Rs 13,782 crore in the year ago period. The state-insurer announced a final dividend of Rs 12 per equity share for the financial year ended March 31, 2025.

The India 100 2025 by brand value is the culmination of an objective assessment of over 200 Indian brands, spanning many sectors including IT services, hospitality, automotive, pharma, tyres, retail and others, requiring robust data.  Brand Finance methodology is to tap into the latest available audited financials of companies and combine that with a thorough brand strength analysis using primary and secondary research covering both B2C and B2B brands.

Link: https://brandirectory.com/reports/india

 

Cedaar Textile Limited IPO Opens on June 30, 2025

●   Total Issue Size - Up to 43,50,000 Equity Shares of ₹ 10 each

●   IPO Size - ₹ 60.90 Crore (At Upper Price Band)

●   Price Band - ₹ 130 - ₹ 140 Per Share

●   Lot Size -s 1,000 Equity Shares

Mumbai, June 24, 2025 – Cedaar Textile Limited (The Company, Cedaar) manufacturer of a diverse range of yarns and textile products, proposes to open its Initial Public Offering on Monday, June 30, 2025, aiming to raise ₹ 60.90 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 43,50,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 130 - ₹ 140 Per Share.

Equity Share Allocation

QIB Anchor Portion - Up to 7,82,000 Equity Shares

Qualified Institutional Buyer - Up to 5,22,000 Equity Shares

Non-Institutional Investors - Not less than 13,28,000 Equity Shares

Retail Individual Investors - Not less than 15,00,000 Equity Shares

Market Maker - 2,18,000 Equity Shares

The net proceeds from the IPO will be utilized for installation of Grid-tied Solar PV Rooftop System for captive evacuation, modernization of the machines, to meet working capital requirements, and general corporate purposes. The anchor bidding will open on June 27, 2025 and the issue will close on July 02, 2025.

The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited, The Registrar to the Issue is Skyline Financial Services Private Limited.

Mr. Rajesh Mittal, Managing Director of Cedaar Textile Limited expressed, "This IPO represents a defining step forward for Cedaar Textile Limited as we prepare to scale our operations and broaden our impact in the textile sector. Over time, we’ve built a reputation for offering high-quality and diversified yarn solutions, driven by a deep understanding of market trends and customer preferences.

 

The capital raised will allow us to modernize key manufacturing assets, strengthen our energy efficiency through solar integration, and expand into promising areas such as technical textiles and branded apparel. We see this as a strategic opportunity to reinforce our leadership in the value-added textile segment, deepen our market presence, and continue delivering innovative, sustainable products to our customers worldwide."

 

Mr. Vikas Varma, Director of Fast Track Finsec Private Limited said, “We are pleased to be associated with Cedaar Textile Limited as they take this important step in their growth journey through the launch of their Initial Public Offering. The company’s consistent focus on innovation, sustainability, and diversification across yarns, fabrics, and apparel positions it strongly within the evolving textile landscape.”

The Indian textile and apparel industry is witnessing robust growth, driven by rising global demand, government initiatives, and a growing preference for sustainable and value-added products. Cedaar Textile is well-placed to capitalize on these trends, and we believe this IPO will play a pivotal role in helping the company scale its operations, strengthen its market presence, and create long-term value.”

About Cedaar Textile Limited:

Cedaar Textile Limited (The Company, Cedaar) manufactures and markets a diverse range of yarns and textile products, including Melange Yarns, Solid Top Dyed Yarns, Raw White Yarns and Grey Fancy Yarns in blends of Cotton, Polyester, Viscose, Acrylic, Tencel, Modal, and other fibers.

With a strong focus on sustainability, it offers products made from 100% Organic and Recycled Fibers, as well as Fabric and Technical Textiles. The company has also ventured into women’s athleisurewear under the brand "U&I" and is in discussions for the acquisition of a garment manufacturing unit.

In FY24, The Company Achieved a Revenue of ₹ 18,968.38 Lakhs, EBITDA of ₹ 2,881.05 Lakhs, & PAT of ₹ 1,105.04 Lakhs.

As of Dec 24, The Company achieved a Revenue of ₹ 11,202.62 Lakhs, EBITDA of ₹ 1,958.98 Lakhs & PAT of ₹ 706.18 Lakhs.

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

 

Union Minister Dr. Jitendra Singh Calls for Closer Collaboration among academic Institutions of Higher Education—Such as IITs, IIMs, AIIMS, IIMC, CSIR—and Scientific Institutions to Build Sustainable Startups

i

“The Age of Working in Silos Is Over,” Declares Dr. Jitendra Singh While Interacting with Students of IIM Mumbai

Calls for Greater Synergy Between Public and Private Sectors to Accelerate Innovation and Meet Aspirational Goals

Highlights Democratisation of Civil Services and Rise of Women-Led Development Over the Last 11 Years

Busts the Myth That Startups Require Fancy IT Degrees—Says Aptitude Is the Cornerstone of Success

Posted On: 24 JUN 2025 6:05PM by PIB Delhi

MUMBAI, June 24 : After inaugurating a state-of-the-art Incubation Centre at IIM Mumbai, Union Minister of State (Independent Charge) for Science & Technology, Dr. Jitendra Singh, made a clarion call for closer collaboration among academic  institutions of higher education and scientific research, such as IITs, IIMs, AIIMS, IIMC and CSIR, to nurture sustainable startups and innovation-driven entrepreneurship.

While interacting with students, Dr. Jitendra Singh emphasized that “The age of working in silos is over.” He asserted that the integration of academia, industry, and government is essential for India to meet its rapid development goals. “Greater synergy between the public and private sectors is not an option—it’s a necessity,” he remarked.

Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS in the Prime Minister Office, Dept. of Space and Atomic Energy highlighted the democratization of civil services and the growing wave of women-led development over the past decade. Citing the Aditya L1 space mission, he proudly shared that it was led by women scientists, reflecting the inclusive and aspirational rise of India.

The Minister recounted a powerful story of a 16-year-old girl from a militancy-affected town who cracked the IIT entrance exam without coaching, using just a smartphone and determination—“12 hours a day for 8 months, powered by the internet,” she told him. “This is the new India, where dreams transcend limitations,” said the Minister.

Dr. Jitendra Singh also drew a contrast between the last 11 years and the preceding decade, noting that earlier generations had limited career choices. “Today’s youth have a wide array of professional avenues, supported by a rise in national self-esteem, which is reflected in how Indian students abroad command respect and better offers,” he said. He also noted that in recent years, girls have consistently topped the Civil Services Examination, signalling a significant shift in the country’s social landscape.

Charting India’s rise in research and development, Dr. Singh said, “India’s Gross Expenditure on R&D (GERD) has doubled in the last decade—from ₹60,196 crore in 2013-14 to ₹1,27,381 crore today—under Prime Minister Modi's leadership.”

He underscored that the future of India’s economy will be shaped by homegrown advancements in biotechnology, artificial intelligence, and quantum computing. Key to this has been government support, like the launch of India’s first indigenous DNA-based COVID vaccine, under the Department of Biotechnology (DBT).

He also hailed the BioE3 Policy—Biotechnology for Economy, Environment, and Employment—as a game-changer, propelling India to the forefront of global biotech.

With India rising to the 3rd largest startup ecosystem in the world, Dr. Jitendra Singh revealed that the number of startups has grown from 350 in 2014 to over 1.5 lakh in 2025. “Startups in space tech are adding significant value,” he said, noting that the government has allowed 100% FDI in the space sector and set up a ₹1,000 crore venture fund for space-based startups.

Dr. Jitendra Singh debunked the myth that startups are limited to IT professionals from elite institutions. “Startups are built on **aptitude, ideas, and innovation,” he stated. He reiterated that entrepreneurial potential exists across every sector, from biotech to agri-tech.

Dr. Jitendra Singh shared the success of the Aroma Mission, where more than 3,000 lavender-based startups are generating substantial income in rural India, creating employment and transforming lives.

The Minister also emphasized that the National Education Policy (NEP-2020) is a strong enabler of the startup ecosystem, offering students flexibility in subject selection and a holistic learning environment to become innovators, not just job seekers.

Dr. Jitendra Singh pointed out that agriculture, though contributing only around 14%  to GDP, supports the largest section of India’s population. He stressed the hidden potential in this sector and the importance of leveraging technology and innovation to unlock it.

Dr. Jitendra Singh also called the present youth “fortunate and uniquely positioned” as they will be at the prime of their careers in 2047, when India celebrates 100 years of Independence.

“You are the generation that will lead a Viksit Bharat—a fully developed India. This is not just your opportunity, it is your responsibility,” he stated, urging students to prepare themselves for the historic role they are destined to play in shaping the nation’s future.

Pushpa Jewellers Limited IPO Opens on June 30, 2025

 

● Total Issue Size - Up To 67,11,000 Equity Shares of ₹ 10 each

● Fresh Issue - Up To 53,70,000 Equity Shares

● Offer For Sale - Up To 13,41,000 Equity Shares

● IPO Size - ₹ 98.65 Crore (At Upper Band)

● Price Band - ₹ 143 - ₹ 147 Per Share

● Lot Size - 1,000 Equity Shares

Mumbai, June 24, 2025 – Pushpa Jewellers Limited (Pushpa, The Company) is a wholesale B2B jewellery maker, proposes to open its Initial Public Offering on Monday, June 30, 2025 aiming to raise ₹ 98.65 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 67,11,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 143 - ₹ 147 Per Share.

Equity Share Allocation

• QIB Anchor Portion - Up To 9,56,000 Equity Shares

• Qualified Institutional Buyer - Up To 22,31,000 Equity Shares

• Non-Institutional Investors - Not less than 9,57,000 Equity Shares

• Retail Individual Investors - Not less than 22,31,000 Equity Shares

• Market Maker - Not less than 3,36,000 Equity Shares

The net proceeds from the IPO will be utilized to finance the establishment of the proposed new showroom, including the capital expenditure cost and inventory cost for the showroom, funding working capital requirements and general corporate purpose. The anchor portion will open on June 27, 2025 and issue will close on July 02, 2025.                                                                                       

The Book Running Lead Manager to the Issue is Affinity Global Capital Market Private Limited, The Registrar to the Issue is Cameo Corporate Services Limited.

Mr. Anupam Tibrewal, Managing Director of Pushpa Jewellers Limited expressed, "Our journey began with a clear vision to craft timeless jewellery that blends tradition with elegance. Over the years, we have not only built a strong presence across India but have also taken our designs to international markets through our growing export business. Today, we are proud to be recognised for our design excellence, quality craftsmanship, and customer trust.

The announcement of our Initial Public Offering marks a major milestone in our journey. The proceeds will support the establishment of a new showroom, enabling us to strengthen our retail footprint and offer an enriched customer experience. This expansion is part of our broader plan to scale operations, explore untapped markets both domestic and overseas, and further solidify our position in the jewellery industry."

Mr. Sanjay Bhalotia, Founder and Chairman of Affinity Global Capital Market Private Limited said, "The Indian jewellery industry continues to show resilient growth, driven by evolving consumer preferences, rising disposable income, and increasing demand for branded, high-quality designs. With exports gaining momentum and organised players expanding their footprint, the sector is undergoing a significant transformation.

This company stands at a promising juncture, backed by a strong product portfolio, established manufacturing capabilities, and a growing presence in both domestic and international markets. The proposed Initial Public Offering will support its retail expansion and operational scale-up, positioning it well to capture emerging opportunities and strengthen its role in the evolving jewellery landscape."

About Pushpa Jewellers Limited:

Pushpa Jewellers Limited (Pushpa, The Company) is a Wholesaler jewellery maker in the B2B segment with a presence across India. The Company is one of the leading jewellery manufacturers specializing in both traditional and modern gold jewellery. It offers a wide range of gold jewellery, incorporating fine stones like Emerald, Jade, Pearl, and Meena. The Company has a strong presence in multiple regions across India and exports its products to international markets such as Dubai, the United States, and Australia, with plans for further expansion.

The Company combines in-house design and outsourced manufacturing operations to ensure high-quality production. It provides a diverse range of jewellery, including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas, catering to various consumer needs. Pushpa sells its products to a wide array of customers, including wholesalers, retailers, and state-owned entities.

In FY24, The Company Achieved a Revenue of ₹ 25,534.28 Lakhs, Operating EBITDA of 1,987.50 Lakhs, & PAT of ₹ 1,357.70 Lakhs.

In FY25, The Company achieved a Revenue of ₹ 28,106.07 Lakhs, Operating EBITDA of ₹ 3,175.59 Lakhs & PAT of ₹ 2,228.63 Lakhs.

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Indogulf Cropsciences Limited’s Initial Public Offering to open on Thursday, June 26, 2025, price band set at ₹105/- to ₹111/- per Equity Share

 Mumbai, June 23, 2025: Indogulf Cropsciences Limited has fixed the price band of ₹105/- to ₹111/- per Equity Share of face value ₹10/- each for its maiden initial public offer.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, June 26, 2025, for subscription and close on Monday, June 30, 2025. Investors can bid for a minimum of 135 Equity Shares and in multiples of 135 Equity Shares thereafter.

 

The IPO is a mix of fresh issue of up to Rs 160 crore and an offer for sale up to 15,40,960 equity shares by Om Prakash Aggarwal (HUF), and up to 20,62,643 equity shares by Sanjay Aggarwal (HUF).

 

The proceeds from the fresh issue to the extent of Rs 65 crore will be used for funding working capital requirements of the company; Rs 34.12 crore for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company; Rs 14 crore for Capital expenditure of the Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana; and general corporate purposes.

Indogulf Cropsciences commenced its operations in 1993 and primarily operate under three business verticals namely crop protection, plant nutrients and biologicals, to retail and institutional customers focused on improving the crop yield. It is engaged in the business of manufacturing of crop protection products, plant nutrients and biologicals in India. 

It is one of the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical, with the minimum purity of 97% indigenously in India and commenced production in 2018. It is recognized as a ‘Two Star Export House’ and a growing exporter of crop protection, plant nutrients and biologicals products and it exported its products to over 34 countries. (Source: CareEdge Report)

It manufacture and market extensive range of products in all types of available formulations such as water dispersible granules (“WDG”), suspension concentrate (“SC”), capsule suspension (“CS”), ultra- low volume (“ULV”), emulsion in water (“EW”), soluble granule (“SG”), flowable suspension (“FS”), etc. which can be in powder, granules and liquid form and catering to a broad spectrum of crops, including cereals, pulses and oilseeds, fibre crops, plantations, and fruits and vegetables.

The company's key customers include Krishi Rasayan Exports Private Limited, Delhi, Parijat Industries (India) Private Limited, Delhi, BR Agrotech Private Limited, Delhi, Crystal Crop Protection Limited, Delhi, and Asasiat of Development for Agric & Trade Co., UAE. It has also established long-term relationships with suppliers namely Coromandel International Limited, GSP Crop Science Private Limited, Gujarat, Dagro Chemical (Changzhou) Co. Ltd., China, Hubei Benxing Supply Chain Management Co. Ltd, China, and MaxxGro Agrology Private Limited, Delhi.

Presently it operates four manufacturing facilities located in Samba, Jammu and Kashmir; Nathupur - I, Haryana; Nathupur - II, Haryana; and Barwasni, Haryana. It also has two Subsidiaries, Indogulf Cropsciences Australia Pty Ltd located in Sydney, Australia and Abhiprakash Globus Private Limited located in Delhi, India. 

It has a presence across 22 states and 3 Union Territories in India and over 34 countries outside India. As on April 30, 2025, it has a network of 192 institutional business partners (b2b), 6,916 working domestic distributors (b2c), supported by 17 stock depots and 6 sales/branch offices and 143 overseas business partners in over 34 countries.

 

Indogulf Cropsciences’ revenue from operations increased from Rs 549.66 crore in Fiscal 2023 to Rs 552.23 crore in Fiscal 2024. Profit after tax increased by 25.91% from Rs 22.42 crore for Fiscal 2023 to Rs 28.23 crore for Fiscal 2024.

For the nine months ended December 31, 2024, revenue from operations stood at Rs 464.19 crore and profit after tax stood at Rs 21.68 crore.

Systematix Corporate Services Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue.

 

The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.

 

Notes for Reference:

Issue Size of the IPO based on the upper and lower end of the price band

	Fresh Issue	OFS (36,03,603 equity shares)	Total
Lower Band (@Rs 105)	Rs 160 crore	Rs 37.84 crore	Rs 197.84 crore
Upper Band (@Rs 111)	Rs 160 crore	Rs 40 crore	Rs 200 crore

Neetu Yoshi Limited IPO Opens on June 27, 2025

 

● Total Issue Size – Up to 1,02,72,000 Equity Shares of ₹ 5 each

● IPO Size - ₹ 77.04 Crore (At Upper Price Band)

● Price Band - ₹ 71 - ₹ 75 Per Share

● Lot Size – 1,600 Equity Shares

Mumbai, June 23, 2025 – Neetu Yoshi Limited (The Company, Neetu Yoshi) is a metallurgical engineering company manufacturing critical safety spares for railways, proposes to open its Initial Public Offering on Friday, June 27, 2025, aiming to raise ₹ 77.04 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform.

The issue size is 1,02,72,000 equity shares at a face value of ₹ 5 each with a price band of ₹ 71 - ₹ 75 Per Share.

Equity Share Allocation

• Anchor Portion – Up to 29,20,000 Equity Shares

• Qualified Institutional Buyer – Up to 19,52,000 Equity Shares

• Non-Institutional Investors – Not less than 14,65,600 Equity Shares

• Retail Individual Investors – Not less than 34,14,400 Equity Shares

• Market Maker – Up to 5,20,000 Equity Shares

The net proceeds from the IPO will be utilized for Setting up of new manufacturing facility and for general corporate purposes. The issue will close on Tuesday, July 01, 2025

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

Mr. Himanshu Lohia, Managing Director and Chief Financial Officer of Neetu Yoshi Limited expressed “This IPO marks an important chapter in Neetu Yoshi’s journey. Our company began as a trading business supplying specific raw materials to OEMs of Indian Railways and has since evolved into a metallurgical engineering company manufacturing critical safety components. Today, we are an RDSO-certified Class A vendor, supplying over 25+ essential railway spares including braking systems, suspensions, propulsion aids and coupling attachments.

This IPO will support the development of a new advanced manufacturing facility, helping us expand our capabilities in producing complete bogies and couplers for high-speed trains. With this, Neetu Yoshi Limited is committed to contributing to the future of rail transportation through reliable engineering and continuous innovation.”

Mr. Manav Goenka, President of Horizon Management Private Limited said, "We are pleased to be associated with Neetu Yoshi Limited as they take this important step in their growth journey through the launch of their Initial Public Offering. As a metallurgical engineering company catering to Indian Railways, Neetu Yoshi has steadily built its capabilities in manufacturing critical safety components.

With the Indian railway sector undergoing rapid expansion and modernization, there is a growing demand for reliable, locally manufactured components. Neetu Yoshi’s planned investment in advanced manufacturing infrastructure is a timely move that aligns with the industry’s evolving needs. The IPO marks a key development in their business operations."

About Neetu Yoshi Limited:

Neetu Yoshi Limited (The Company, Neetu Yoshi) is a metallurgical engineering company manufacturing critical safety spares for railways. The products include mild steel, spheroidal graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The Company is an RDSO-certified vendor supplying 25+ critical safety spare parts for Indian Railways, specializing in braking solutions, suspensions, propulsion aids and coupling attachments. Accredited with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, it upholds high-quality, environmentally sustainable, and safe manufacturing practices.

The Company has established a Class “A” RDSO-certified manufacturing facility in Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters with 8,087 MTPA capacity. With advanced infrastructure, in-house testing, and strategic location, the company delivers precision-engineered, high-quality metallurgical products at competitive prices. As a late mover, Neetu Yoshi leverages advanced technology, CNC precision, and cost-efficient processes to gain a competitive edge while developing next-gen railway solutions.

 In FY24, The Company Achieved a Revenue of ₹ 4,733.42 Lakhs, EBITDA of ₹ 1,718.57 Lakhs, & PAT of ₹ 1,257.72 Lakhs.

For the nine-month period ended December 31, 2024, The Company Achieved a Revenue of ₹ 5,136.08 Lakhs, EBITDA of ₹ 1,684.89 Lakhs, & PAT of ₹ 1,199.24 Lakhs.

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.