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
Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
This Karwa Chauth, Palmonas presents its 9KT Gold Lab-Grown Diamond Collection, offering thoughtful gifting options for a celebration rooted in love and togetherness. Featuring mangalsutras and a mangalsutra bracelet, the collection brings together 9KT gold, lab-grown diamonds, and contemporary designs, making it a meaningful choice for those looking to mark the occasion with a piece of jewellery that carries personal significance.

The Endless Love Infinity 9KT Gold Lab-Grown Diamond Mangalsutra features an infinity-inspired pendant, symbolising an enduring bond and everlasting love. Set with sparkling lab-grown diamonds, its fluid silhouette brings a contemporary finish to a design rooted in the idea of continuity and commitment.
The Petalburst Glow 9KT Gold Lab-Grown Diamond Mangalsutra draws inspiration from the beauty of blooming flowers. Its floral pendant, detailed with radiant lab-grown diamonds arranged in a petal-like pattern, represents growth, new beginnings and blossoming love. The design balances delicate detailing with a refined, modern aesthetic.


Completing the collection, the Royal Circle 9KT Gold Lab-Grown Diamond Mangalsutra features a circular pendant defined by symmetry and intricate detailing. The balanced arrangement lends the design a sense of completeness, while its considered craftsmanship adds a touch of understated elegance.
Extending the collection beyond traditional necklace designs, the Sacred Heart 9KT Gold Lab-Grown Diamond Mangalsutra Bracelet offers a contemporary take on mangalsutra-inspired jewellery. Its delicate heart motif, paired with an infinity-inspired design, reflects the enduring nature of love. Subtle stone detailing adds a hint of sparkle, making it a minimal design suited to everyday styling.

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