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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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Novel Jewels’ Aneesh H. Kumarr Inaugurates Tanvi Group’s NPIM 2026 At Bharat Ratnam Mega CFC

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Tanvi Group successfully inaugurated NPIM 2026, India’s biggest Pre-IIJS exclusive jewellery preview, at the Bharat Ratnam Mega CFC, SEEPZ, Mumbai, bringing together leading jewellers, manufacturers and industry professionals under one roof.

The inauguration ceremony was graced by Aneesh H. Kumarr, Head – New Product Development, Novel Jewels, attended as the Chief Guest and officially inaugurated the event in the presence of Bipin Viradiya, Founder & Chairman, Tanvi Group & Family, and other industry dignitaries.

NPIM 2026 showcased an impressive range of new product innovations and exclusive jewellery collections from YUG, AARU, and Tanvi & Co. The preview offered visitors an early glimpse into the latest trends and designs set to make an impact at the upcoming IIJS Bharat Premiere 2026 exhibition.

The successful inauguration reaffirmed Tanvi Group’s commitment to creating a strong platform for innovation, business networking and industry growth ahead of one of the country’s largest jewellery trade exhibitions.

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