National News
Shringar – House of Mangalsutra files IPO papers with SEBI
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
Rewarding Loyalty: Challani Jewellery Mart Awards Nine Employees Land Plots Worth Rs 18 Lakh
At Challani Jewellery Mart, They Believe That An Organization’s Success Is Built Upon The Dedication and Steadfast Commitment Of Its People.
In every organization, defining moments reveal true values, culture, and community. At Challani Jewellery Mart, they believe that an organization’s success is built upon the dedication and steadfast commitment of its people.
In recognition of exceptional devotion and contribution to our growth, Chairman Jayantilal Challani recently presided over an award ceremony recognizing nine outstanding employees. Each honoree was presented with a plot of land measuring 1,207 sq. ft., valued at Rs 18 Lakhs.
Joined by the families of the awardees, the celebration was a heartfelt and memorable occasion. While home ownership and property ownership are major milestones, Challani Jewellery Mart remains committed to turning those aspirations into reality for valued team members.
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