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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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Shankesh Jewellers Revenue Grew 52% y-o-y To Rs 980 Cr in H1FY27, EBITDA Surged 51% y-o-y to Rs 98Cr

Management anticipates continued earnings momentum through H2FY27, supported by peak festive demand across Dussehra and Diwali in Q3FY27, the winter wedding season, and retail footprint expansions by its major corporate partners.

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Robust Financial Momentum: Shankesh Jewellers Ltd  released its figures for H1 FY27.Revenue grew 52% y-o-y to Rs 980 Cr in H1FY27 and EBITDA surged 51% y-o-y to Rs 98Cr (vs Rs 65 Cr in H1FY26), maintaining a strong 10.0% EBITDA margin, driven by expanding wallet share from existing corporate clients and new client additions. 

Upgrading Corporate Infrastructure: ShankeshJewellers moved into a new corporate office in Q2FY27 to streamline digital cataloguing, customer showcases, and strict BIS-hallmarked quality assurance workflows.

Strong H2 Outlook: Management anticipates continued earnings momentum through H2FY27, supported by peak festive demand across Dussehra and Diwali in Q3FY27, the winter wedding season, and retail footprint expansions by its major corporate partners.

With more than 30 years and two generations of experience, Shankesh have made a fusion of experience and experiments in the jewellery industry. The design, quality, and service have always kept them  way before our competition.

Their  design carries their identity. Each handmade jewellery praises the art of our karigars, and each machine-made ones talk about their entire journey. , Shankesh offer a wide range of gold jewellery collection of different categories.

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