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Inox to expand to 23 multiplexes; IPO price band at Rs 100-120
MUMBAI: Inox Leisure Limited, which currently operates a chain of eight multiplexes in seven cities under the Inox brand, plans to scale up to 23 multiplexes across 16 cities over the next 30 months. The number of screens are to increase from 32 to 98 during this period.
The company, which is entering the capital market on 27 January with a public issue of 16.5 million equity shares of Rs 10 each, has fixed the price band between Rs 100 and Rs 120. The issue closes on 2 February.
The offer will consist of a fresh issue of 12 million equity shares and an offer for sale of 4.5 million equity shares by the promoter, Gujarat Fluorochemicals Limited.
The fresh issue portion will raise Rs 1.20 billion at the lower end of the price band and Rs 1.44 billion at the upper end. The funds raised from the issue will be utilised to set up new multiplexes on a capital outlay of Rs 1.11 billion. The rest of the proceeds will be for general corporate and issue expenses.
The issue will constitute 27.5 per cent of the fully-diluted post-issue paid-up capital of the company. Post IPO, the promoter’s shareholding will come down to 66 per cent.
“Our strength lies in the fact that our multiplexes are at premium locations. Either they are in affluent areas or in places where there is heavy traffic of population,” Inox Leisure director Deepak Asher said while addressing the press here today.
Inox has another advantage through its recent tie-up with the Pantaloon Group. According to this agreement, Inox will have preferential access to all real estate developments that the Pantaloon Group takes up as part of its retail chain. “This will provide us access to properties as we go ahead. Pantaloon has aggressive retail expansion plans and we will have the first right of refusal on these properties,” Asher said.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
