Retail India News: RS announces Significant Expansion of RS PRO Product Range for Industrial Automation Applications
Retail India News: RS announces Significant Expansion of RS PRO Product Range for Industrial Automation Applications

National, 22nd September 2023 – RS, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions, today announced it has significantly extended its RS PRO offering with the launch of 4,000 new  products aimed at industrial automation applications.

 

The RS PRO range already offers an extensive selection of more than 15,000 products designed for automation solutions – and now with this major expansion of 4,000 new products, based on more than 100 technologies, RS’ customers have a comprehensive choice of automation components at highly competitive prices.

 

The new expansion of the range comprises a huge breadth of product types including sensors, enclosures, relays, switches, connectors, DIN rail terminal blocks, push buttons, panel meters, as well as bearings and seals. Of special note in the launch is a large 15-inch HMI touchscreen that provides users with significantly easier control of production lines enabling better and faster interaction.

 

The RS PRO industrial automation range features tailor-made items for a variety of different production lines and can support automation system designers and engineers from concept and design, through to building and maintaining.

 

“We are seeing automation being deployed in more and more industries to handle a variety of different tasks,” said Jerry Abraham, President of RS PRO. “The RS PRO industrial automation solutions range was conceived to deliver a wide choice of products for engineers and buyers, as well as high-quality, cost-competitive solutions. This is a significant bolstering of the range that will enable RS to react quickly to customer needs with high availability all in one place.”

 

All products in the range benefit from the RS PRO Seal of Approval, a guarantee of professional and industrial-grade quality and performance, tested by leading engineers. RS PRO provides a comprehensive choice of quality solutions meeting design and compliance specifications at all stages of the product life cycle. 

 

 
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Retail India News: Gopal Snacks Ltd Sets IPO Price Band, Targets Rs 650 Cr in Retail Investment
Retail India News: Gopal Snacks Ltd Sets IPO Price Band, Targets Rs 650 Cr in Retail Investment
 

Gopal Snacks Limited, based in Rajkot, has established the price band for its Initial Public Offering (IPO) at Rs 381 to Rs 401 per Equity Share with a face value of Rs 1 each. The IPO is set to commence on March 6, 2024, and conclude on March 11, 2024. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter, with the issue being an offer for sale amounting to Rs 650 crore.

The fast-moving consumer goods company, known for its ‘Gopal’ brand, specializes in a diverse range of savory products, including ethnic and western snacks, papad, spices, gram flour, noodles, rusk, and soan papdi. With a product portfolio comprising 84 products and 276 Stock Keeping Units (SKUs), Gopal Snacks has expanded its presence across India, reaching over 523 locations in ten States and two Union Territories.

As of September 30, 2023, the company's distribution network consists of three depots and 617 distributors, supported by a dedicated sales and marketing team of 741 employees. Gopal Snacks operates six manufacturing facilities in India, strategically located in Rajkot, Modasa, and Nagpur, focusing on producing a variety of products, including besan, raw snack pellets, seasoning, and spices.

The IPO, conducted through the Book Building Process, allocates not more than 50 percent to Qualified Institutional Buyers, not less than 15 percent to Non-Institutional Investors, and not less than 35 percent to Retail Individual Investors. Book Running Lead Managers for the Offer are Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited, with Link Intime India Private Limited serving as the Registrar. The Equity Shares are proposed to be listed on BSE and NSE.

 

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