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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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Sankesh Surana Studio Unveils Viśvaṃ Viṣṇuḥ: A Monumental Contemporary Sculpture Reimagining Sacred Art

The Frontal Perspective Honors The Holy Trinity—Brahma, Vishnu, and Maheshwara—Blending Divine Iconography With Modern Elegance.The Sculpture Intricately Incorporates 19 Gods and Goddesses, Symbolizing The Expansive Cosmic Realm Of Lord Vishnu

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Marking a significant milestone in contemporary spiritual art, Sankesh Surana Studio announces the debut of Viśvaṃ Viṣṇuḥ, a bespoke contemporary interpretation of Lord Balaji. Serving as the centerpiece of the esteemed Ananta – Sacred Art Series, this four-foot-tall masterpiece is the culmination of nearly two years of meticulous conceptualization, design, and artisan craftsmanship

Conceived as an immersive, 360-degree sculptural narrative, Viśvaṃ Viṣṇuḥ offers a profound visual meditation on the cosmos.

Sankesh Surana, Founder- Sankesh Surana Studio said:

“With Viśvaṃ Viṣṇuḥ, our vision was to bridge timeless tradition with contemporary design, creating a piece that resonates deeply on both an aesthetic and spiritual plane.”

“The process was a long, painstaking journey of refinement, but the result is a holistic representation of the universe contained within a single artwork.”

Exclusivity has defined the creation of this landmark edition. Released as a strictly limited collection of just 27 fine art pieces, the entire series was fully acquired prior to its official debut.

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