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Shringar – House of Mangalsutra files IPO papers with SEBI

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Leading mangalsutra  brand Shringar House of Mangalsutra has filed IPO papers with SEBI to raise   *Rs 250 crore* for working capital & general corporate purposes. The IPO is entirely a fresh issue of *2.43 crore equity shares.

Financial Performance

Fiscal 2024 Revenue: ₹1,101.52 crore (up 16% from ₹950.22 crore in FY23)

* Profit After Tax (PAT) for FY24: ₹31.10 crore (up 33% from ₹23.36 crore in FY23)

H1 FY25 (as of September 30, 2024)

Revenue: ₹687.13 crore

PAT: ₹33.03 crore

National News

Talla Jewellers Unveils New Showroom In Akhnoor, Jammu, Fifth Store In The Region

Auspicious Navratri opening strengthens the brand’s presence and brings an exquisite jewellery collection closer to customers in Akhnoor.

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Talla Jewellers has inaugurated its new showroom in Akhnoor, Jammu, marking its fifth outlet in the region. The showroom was inaugurated on the first day of Navratri, adding an auspicious touch to this milestone in the brand’s growth journey.

The inauguration ceremony was graced by Mohan Lal Bhagat, Honourable MLA, Akhnoor, who attended as the Chief Guest. Representing Talla Jewellers were Ajay Talla, Anju Talla and Aman Talla.

The new showroom offers an exquisite selection of gold, diamond and other jewellery designs, catering to diverse customer preferences and occasions. With a focus on quality, craftsmanship and customer satisfaction, the store aims to provide customers in Akhnoor with a wider choice of jewellery for weddings, festivals, celebrations and everyday wear.

The opening reflects Talla Jewellers’ continued commitment to expanding its presence while strengthening its relationship with customers and families across the region. Built on the values of trust, quality and lasting relationships, the brand continues to celebrate life’s precious moments through jewellery that connects generations.

With the launch of its Akhnoor showroom, Talla Jewellers takes another step towards making its collections more accessible to customers while reinforcing its presence in Jammu and Kashmir.

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