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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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GJEPC Delegation Outreach In Sydney Strengthens India–Australia Jewellery Trade Ties

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GJEPC’s Sydney leg brought together 32 participants, including 15 representatives from 9 leading jewellery brands, 8 visiting delegation members, CG Office representatives and event partners.

The outreach connected Indian exporters with Australia’s independent jewellery network through a day of industry engagement, showroom visits and business interactions.

The programme included visits to Altmann & Cherny, ABC Showroom and Queen Victoria Building, followed by the official delegation dinner at Doltone House.

Participating jewellery brands: Excellent Jewellers, Altmann & Cherny, Roberto Mattei Jewellery Design, Ashmi Jewellers, Malabar Gold & Diamonds, Nicole Winkler Jewellery, Joyalukkas, RB Diamonds and Lords Jewellers.

With India’s gems & jewellery exports to Australia reaching US$374.33 million in FY2025–26, the Sydney outreach further strengthened industry connections and explored new opportunities under the India–Australia ECTA.

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