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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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You Name It. We Make It.: Aspect Bullion Brings A Personal Touch To Gold and Silver Gifting This Festive Season

The Offering Reflects The Evolving Role Of Gold and Silver In Modern Gifting, Retaining The Cultural and Enduring Value Of Precious Metals While Giving Individuals The Freedom To Add A Personal Touch

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Gold and silver have long been woven into India’s celebrations, from festivals and weddings to milestones and cherished family occasions. Today, as gifting becomes more personal, consumers are looking for presents that go beyond tradition to reflect a story, sentiment or memory.

This festive season, Aspect Bullion & Refinery is bringing a new dimension to precious-metal gifting with its “You Name It, We Make It” offering, enabling customers to personalise gold and silver coins and bars around their ideas and occasions. Whether it is a Diwali gift carrying a family name, a specially designed coin for a wedding, a silver bar commemorating a milestone, a birthday keepsake or a corporate gift featuring a brand logo, customers can create pieces that are as unique as the moments they represent.

The offering reflects the evolving role of gold and silver in modern gifting, retaining the cultural and enduring value of precious metals while giving individuals the freedom to add a personal touch. From intimate celebrations and family occasions to festive, commemorative and corporate gifting, Aspect Bullion & Refinery is making personalised bullion accessible for a wider range of consumers and occasions, with the belief that every celebration deserves a gift that feels uniquely its own.

Commenting on the offering, Darshan Desai, CEO, Aspect Bullion & Refinery, said:

“Gold and silver have always had a special place in our celebrations, but today people also want their gifts to say something personal. With ‘You Name It, We Make It’, we are giving customers the freedom to turn an idea, a memory or a sentiment into something tangible in gold or silver. This could be a festive gift for a loved one, a wedding keepsake, a milestone or even a corporate identity; the thought starts with the customer, and we bring it to life. Our aim is to make bullion more personal, contemporary and relevant for everyone.”

Aspect Bullion & Refinery represents an evolution of bullion beyond its traditional role in investment and conventional gifting. By combining the enduring value of precious metals with personalisation, the brand is creating an offering that can be meaningful across generations and occasions.

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