National News
Shringar – House of Mangalsutra files IPO papers with SEBI
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
National News
Kalyan Jewellers Supplies One-Gram Gold Rings Under Tamil Nadu Government’s ‘Thaimaman Thanga Mothiram Thittam’
Kalyan Jewellers Supplies 38,550 One-Gram, 22-Carat, 916-Grade BIS-Hallmarked Gold Rings For Eligible Newborns Across Tamil Nadu.
Kalyan Jewellers India Limited has supplied one-gram, 22-carat, 916-grade BIS-hallmarked gold rings under the Tamil Nadu Government’s ‘Thaimaman Thanga Mothiram Thittam’, a welfare initiative for eligible newborns delivered at government hospitals across the state.
As part of the initiative, Kalyan Jewellers has supplied 38,550 gold rings, which have been manufactured, hallmarked and delivered to designated locations as specified by the Tamil Nadu Medical Services Corporation (TNMSC).
The rings were formally handed over to newborns today at the Government Rajaji Hospital in Madurai, with Tamil Nadu Chief Minister C. Joseph Vijay presenting the rings to children as part of the statewide launch of the scheme.
Commenting on the occasion, T.S. Kalyanaraman, Managing Director, Kalyan Jewellers India Limited, said:

“Gold has always been an integral part of Tamil family traditions, particularly when welcoming a newborn. We are honoured to have contributed to the Thaimaman Thanga Mothiram Thittam and to have played a part in creating this special keepsake for thousands of children across Tamil Nadu. We have undertaken this responsibility with the same focus on quality and integrity that has guided Kalyan Jewellers for generations.”
Kalyan Jewellers currently operates 30 showrooms across Tamil Nadu and has also launched its first regional brand, Akshaya Thanga Maligai, in Chennai.
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National News3 minutes agoKalyan Jewellers Supplies One-Gram Gold Rings Under Tamil Nadu Government’s ‘Thaimaman Thanga Mothiram Thittam’
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