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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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Nature’s Elegance, Reimagined: Lotus Arts De Vivre’s Cape Gooseberry Earrings Continue To Captivate

Nature-Inspired Gooseberry Designs Showcase Lotus Arts De Vivre’s Signature Blend Of Artistry, Craftsmanship and Timeless Elegance.

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Inspired by the delicate beauty of the cape gooseberry, Lotus Arts de Vivre’s Cape Gooseberry Earrings with Diamonds & Black Agate and Gooseberry Earrings with Gold Leaf have become two of the brand’s most sought-after creations, celebrated for their sculptural design, exceptional craftsmanship, and timeless appeal.

The Cape Gooseberry Earrings with Diamonds & Black Agate are meticulously handcrafted in sterling silver and adorned with rich black agate and brilliant-cut diamonds, creating a striking interplay of light, texture, and contrast. Offering a refined interpretation of the botanical form, the earrings effortlessly blend contemporary elegance with artistic craftsmanship.

Complementing this design are the Gooseberry Earrings with Gold Leaf, where each gooseberry is painstakingly hand-moulded in copper, accented with delicate 24K gold leaf, and finished with 18K gold hooks. Lightweight yet distinctive, they transition seamlessly from weekend brunches and summer evenings to festive occasions and cocktail gatherings, lending every look an understated sophistication.

The inspiration behind both creations lies in the captivating beauty of naturally ageing hops and berries. As the fruits mature, their lace-like outer shells reveal intricate veining and sculptural textures that have long fascinated Lotus Arts de Vivre’s designers, sculptors, and artisans. These fleeting natural forms are meticulously reimagined into jewellery that celebrates the harmony between nature, artistry, and exceptional craftsmanship.

Handcrafted using time-honoured techniques and precious materials, each pair embodies Lotus Arts de Vivre’s philosophy of “slow creation,” where every detail is thoughtfully executed and every piece tells a story. Blending artistic expression with luxurious craftsmanship, the Gooseberry collection has become one of the brand’s enduring signatures, admired by collectors and jewellery connoisseurs alike.

With every creation, Lotus Arts de Vivre transforms the extraordinary details of the natural world into timeless jewellery designed to be worn, treasured, and passed down through generations.

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