National News
Shringar House of Mangalsutra IPO subscribed 60.27x
The initial public offering of Shringar House of Mangalsutra continued to see strong investor interest on its third and final day of public bidding on September 12. The Rs 400.95-crore issue closed on Day 3 after being subscribed more than 60 times its offer size.
The IPO received bids for nearly 103 crore shares, as against the offer size of 1.70 crore shares, according to data on NSE. Employees have subscribed their reserved portion nearly 70 times. Retail investors and Non-Institutional Investors (NII) booked the portions kept for them 27 times and 83 times respectively. Qualified Institutional Buyers (QIB) have subscribed their reserved portion a whopping 101 times.
The IPO got off to a quick start, fully subscribed within hours of opening. Shringar House of Mangalsutra on Day 1 received an overall subscription of 2.01 times. Retail investors subscribed their portion 2.84 times.non-institutional investors followed with a 2.70 times subscription. However, qualified institutional buyers (QIBs) showed almost no participation, with their category booked at just 0.01 times.
Ahead of listing, the unlisted shares of the company were trading with a grey market premium (GMP) of 20 percent over the IPO price at Rs 198 apiece.
Talking of the financial performance of the company, the revenue of Shringar House of Mangalsutra rose to Rs 1,430 crore in FY25, up from Rs 1,101 crore in FY24. Moreover, the net profit doubled to Rs 61 crore from Rs 31 crore in the same period.
For the woman who loves to make a statement in her own quiet way, Candere by Kalyan Jewellers presents the Cuff Earrings Collection, where bold meets beautiful. These aren’t just earrings; they are expressions of individuality, crafted for those who find strength in minimalism and elegance in every detail.
Each diamond-studded cuff is designed to wrap gracefully along the ear, creating a look that’s equal parts modern and timeless. The delicate interplay of gold and diamonds reflects a perfect harmony between craftsmanship and creativity—a signature Candere touch that celebrates the art of understated luxury.
Whether it’s a regular day that deserves a hint of sparkle or a special evening that calls for something extraordinary, these pieces adapt effortlessly to every mood and moment. They are designed to make you feel confident in your skin, luminous in your style, and beautifully, unmistakably yourself.
The Moon Phases Diamond Stud Earrings are inspired by the gentle rhythm of the moon. Each stud reflects a different lunar phase, captured beautifully in 14K or 18K gold and accented with delicate diamonds.
Perfect for those who love jewellery that tells a story as timeless as the moon itself.
Inspired by butterfly wings, the Farasha Diamond Earrings are elegant ear cuffs designed to make a modern statement. Crafted in 14K and 18K gold and set with sparkling diamonds, they combine bold design with all-day comfort.
Perfect for weddings, parties, or contemporary looks that break tradition, these diamond ear cuffs add movement, grace, and individuality—making them a standout addition to any diamond earrings for women collection.
The Antlers Diamond Ear Cuffs draw inspiration from nature’s quiet strength. The sculptural gold design, dotted with brilliant diamonds, traces a beautiful silhouette along the ear. They are for the woman who carries her confidence gently, who believes strength can be soft and striking all at once
Simple, elegant and endlessly versatile; the Sleek Fancy Diamond Ear Cuffs prove that minimalism can still make a statement. Their slender gold arcs, hug the ear effortlessly.
Light, comfortable, and timeless, these cuffs prove that simplicity can be every bit as stunning as statement pieces.
The Unique Nature Diamond Ear Cuffs celebrate beauty in its most natural form. Inspired by organic shapes, each cuff glimmers like dew drops resting on golden branches. Designed for the free-spirited woman who loves jewellery that reflects her individuality and easy grace.
Make Your Mark with Candere’s Cuff Earrings Collection—Where Bold Meets Beautiful
Be the Bride of your Dreams with Indriya, Aditya Birla Jewellery
Kushals Celebrates Makar Sankranti & Pongal with Women Sanitation Workers Across Bengaluru, Hyderabad and Chennai
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.