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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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World Gold Council Launches Swarnim Udaan 2047: Unlocking The Full Potential Of Gold Towards Viksit Bharat 2047

Ambitious Vision Document Outlines A Long-Term Roadmap To Position Gold As A Strategic Driver Of India’s Economic Growth, Financial Resilience, Exports, Innovation and Advanced Manufacturing By 2047.

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The World Gold Council has released a landmark vision document titled “Swarnim Udaan 2047: Unlocking the Full Potential of Gold Towards Viksit Bharat 2047,”, presenting an ambitious roadmap for the Indian gold industry. Developed with Monitor Deloitte as the knowledge partner, the report highlights the transformative role of gold in supporting India’s journey towards becoming a developed economy by 2047.

As India moves towards its US$30 trillion economy vision, the report positions gold as a strategic national asset capable of strengthening financial resilience, exports, innovation, responsible domestic value creation and advanced manufacturing. It further calls for coordinated policy and institutional action to unlock greater value across the entire gold ecosystem and enhance India’s global competitiveness.

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