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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

Mark The Bond With Something Timeless: Zen Diamond India’s Raksha Bandhan Edit

Zen Diamond India Presents Timeless Natural Diamond Jewellery and Lifestyle Gifts To Make Raksha Bandhan Celebrations More Meaningful.

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Raksha Bandhan celebrates one of life’s most enduring bonds, making it the perfect occasion to choose a gift that feels as special as the relationship itself. As gifting preferences evolve, siblings are looking beyond conventional presents to meaningful keepsakes and stylish accessories that reflect individual personalities and everyday style. From natural diamond jewellery and contemporary accessories to refined lifestyle essentials, Zen Diamond India offers a versatile selection of gifting options for brothers and sisters, helping them celebrate their bond with something thoughtful, personal and enduring.

For the Sister Who Deserves the Extra Sparkle

2 paisa Coin Bracelet

Celebrate a bond that has stood the test of time with this exquisite 2 Paisa Coin Bracelet. Symbolising heritage and lasting memories, its minimalist design is elevated by a single natural diamond, making it a timeless Raksha Bandhan keepsake she’ll cherish every day.

9kt Celeste & Gem Pop Collection Jewellery

Gift her jewellery that’s as vibrant as your sibling bond. Crafted in 9kt gold with natural diamonds, Celeste embraces refined minimalism, while Gem Pop pairs natural diamonds with colourful gemstones such as amethyst, citrine and blue topaz. Together, these versatile pieces are designed to be treasured long after Raksha Bandhan and are available on Amazon and Myntra, as well as on the Zen Diamond website.

Mahjong Set

For the sister who loves bringing everyone together, the Zen Diamond Mahjong Set transforms every game into a memorable celebration. Featuring 144 premium acrylic tiles and eight flower tiles set with natural diamonds, it makes for a thoughtful Raksha Bandhan gift that promises years of shared moments and friendly competition.

Evil Eye Collection

Raksha Bandhan is rooted in love, protection and lifelong support—values beautifully reflected in Zen Diamond India’s Evil Eye Collection. Crafted in 9kt white gold and adorned with natural diamonds, these contemporary designs are available at up to 25% off this Raksha Bandhan, making them a meaningful gift for the occasion.

Women’s Perfume & Mini Travel Set

Inspired by the brilliance of precious gemstones, this curated fragrance set features Ruby, Emerald, Sapphire and Diamond, each capturing a unique mood and personality. Available at 10% off this Raksha Bandhan, it’s the perfect gift to celebrate the sister who’s always been one of a kind.

For the Brother Who Deserves a Little Extra Sparkle

25 paise Coin Bracelet

Celebrate your lifelong sibling bond with an innovative and lasting Rakhi for your brother – one that goes beyond the day itself. Inspired by the timeless 25 paisa coin and finished with a natural diamond, this bracelet transforms the traditional spirit of Raksha Bandhan into a meaningful piece he can wear long after the celebrations, serving as an everyday reminder of the memories and bond you share.

Pens

Whether he’s signing his next big deal or jotting down everyday ideas, this premium ballpoint pen is a gift he’ll use long after Raksha Bandhan. Complete with a natural black diamond, stylus tip and built-in light, it blends practicality with understated luxury.

Ties

For the brother who’s always impeccably dressed, this polyester silk tie features a subtle 0.02 ct natural diamond detail that elevates every formal look. It’s a sophisticated Raksha Bandhan gift that brings timeless elegance to his wardrobe.

Men’s Perfume & Mini Perfume Set

Celebrate his individuality with a fragrance inspired by the timeless allure of gemstones. Featuring Ruby, Emerald, Sapphire and Diamond, this curated set is available at 10% off this Raksha Bandhan, making it a thoughtful gift for brothers who appreciate refined everyday luxury.

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