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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

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National News

Wear The Joy Of Rain With Daily-Delight Jewellery Inspired By Monsoon From Kama Jewelry

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‘With the arrival of the monsoon season, Kama Jewelry brings in jewellery pieces that capture the beauty and elegance of the rainy season. Lightweight and easy to wear, the pieces in this collection capture sophistication from the rain through sleek diamond jewellery and modern design. The jewellery is created from 9k to 18k gold and includes pendants, rings, and necklaces.

Known for their expertise in both craftsmanship and innovation, Kama Jewelry has been designing and creating jewellery for more than 30 years that seamlessly crosses generations, seasons, and styles.’

Simran Shah, Vice President – Sales, Kama jewelry, said:

“Based on 9 to 18k gold, these daily delight jewellery pieces can be paired with casual ethnic outfits, the standard workwear, or a weekend outfit that offers a little sparkle without sacrificing aesthetics. The elegant pendants, delicate ring, and necklaces add a subtle glitter to the overall charm of this season.”

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