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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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Challani’s Jewelverse – Season 1, A Grand Jewellery Exhibition Opens In Chennai

The exhibition brings together an extensive collection of fine jewellery, featuring gold, diamonds, Polki, rose-cut diamonds and coloured gemstones under one roof.

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Challani Jewellery Mart’s Challani’s Jewelverse – Season 1, a grand showcase of exquisite jewellery, commenced today at Taj Coromandel, Chennai, under the leadership of Jayanthilal Challani, Founder and Chairman of Challani Jewellery Mart. Challani’s Jewelverse – Season 1 is being held from October 9 to 11, 2026, between 10:00 AM and 9:00 PM each day.

The exhibition was inaugurated by Adityaram, Founder and Chairman of the Adityaram Group who formally opened the event by cutting the ribbon and lighting the traditional ceremonial lamp.

The exhibition brings together an extensive collection of fine jewellery, featuring gold, diamonds, Polki, rose-cut diamonds and coloured gemstones under one roof.

Combining traditional craftsmanship with contemporary designs, the showcase offers visitors an opportunity to explore a diverse range of distinctive jewellery collections.

Speaking to the media after the inauguration, Adityaram expressed his appreciation for the collection on display.I have visited several jewellery exhibitions, but the variety of collections showcased here is truly remarkable. What stands out is the range of designs available not only for women but also for men, with distinctive pieces that are visually appealing he said.

Addressing the media, Jayanthilal Challani said,

“Although Challani Jewellery Mart has several branches, our objective is to bring different categories of jewellery together in one place, offering customers a comprehensive shopping experience. This exhibition features an exclusive selection of gold, diamond, Polki, rose-cut and

coloured gemstone jewellery. We are delighted to see jewellery enthusiasts visiting the exhibition and showing keen interest in the collections. Commenting on gold prices, Jayanthilal Challani noted that although prices had eased slightly at present, they were expected to rise gradually from November.”

The inaugural event witnessed the participation of several prominent personalities, including Thangamalar Jagannath and Dr. Vimala Rani Britto, along with other distinguished guests, VIPs and jewellery enthusiasts. Visitors were seen exploring the collections with considerable interest.

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