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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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National News

GJEPC Hosts UK Trade Interaction In Kolkata To Boost Exports

British Deputy High Commissioner Highlighted Emerging Opportunities In The UK Market and Outlined The Support Available To Indian Businesses Through The UK High Commission. Exporters Discussed Their Experience and Interest In Participating In International Trade Fairs In The UK,

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India’s GJEPC) held a trade interaction with British diplomats in Kolkata on Sept. 9 to boost gem and jewellery exports to the United Kingdom, the industry body said.

  • The meeting, led by GJEPC Eastern Region Chairman Pankaj Parekh and British Deputy High Commissioner Andrew Fleming, convened over 20 regional exporters and prominent local jewellers.
  • Dr. Fleming highlighted emerging opportunities in the UK market and outlined the support available to Indian businesses through the UK High Commission. Exporters discussed their experience and interest in participating in international trade fairs in the UK,
  • Discussions focused on expanding trade under the India-UK Comprehensive Economic and Trade Agreement (CETA), launched on July 15, 2026.
  • The event highlighted six regional exporters who recently completed their maiden shipments to the UK from Kolkata port under the new trade pact.
  • British officials, including Deputy Consul Sandip Choudhary, addressed trade bottlenecks, tariff barriers, and participation in UK trade fairs, pledging ongoing support to facilitate market access for Eastern Region exporters.
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