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Shringar House Of Mangalsutra IPO Listing Price: Shares List At 15% Premium

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Shringar House Of Mangalsutra IPO Listing Price: Shares List At 15% Premium


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Shringar House of Mangalsutra IPO Listing, Share Price Today: The stock lists at a premium of Rs 188.5 apiece on the NSE, a 14.2% premium over the IPO issue price of Rs 165.

Shringar House of Mangalsutra IPO Listing Today: Check Share Price.

Shringar House of Mangalsutra IPO Listing Today: Check Share Price.

Shringar House of Mangalsutra IPO Listing Price: Shares of Mumbai-based jewellery firm Shringar House of Mangalsutra Ltd on Wednesday listed at a premium of Rs 188.5 apiece on the NSE, a 14.2% premium over the IPO issue price of Rs 165.

The stock slightly fell after the listing and was trading at Rs 186.12 apiece on the NSE, which is 12.7% higher over the IPO listing price. Finally, the stock ended that day with a 12.05% gain at Rs 184.88 apiece on the NSE.

The price band of the IPO was fixed in the range of Rs 155-Rs 165 per share. The issue received a 60.31x subscription, garnering bids for 1,02,62,35,800 shares as against the 1,70,16,000 shares on offer. The retail and NII participation stood at 27.26x and 82.58x, respectively. The QIB category received a 101.41x subscription.

The issue attracted decent grey market interest, with its pre-listing GMP at Rs 31. Based on this, the stock was expected to be listed at nearly Rs 196, implying an 18.8% premium.

Shringar House of Mangalsutra IPO: Should You Buy, Hold Or Sell?

Shivani Nyati, head of wealth at Swastika Investmart Ltd, said, “Shringar House of Mangalsutra Ltd made an impressive debut on the stock market with a listing gain of approximately 63% over its issue price of Rs 83, getting listed at around Rs 135. The company is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutra using 18k and 22k gold along with stones like American diamonds, cubic zirconia, pearls, and semi-precious stones for its B2B clients.”

It holds a strong presence in its niche segment and is expanding rapidly across key regions in India. “Investors are advised to book partial profits near current levels while holding the balance with a stop-loss set at Rs 115 to manage downside risk,” Nyati added.

The Mumbai-based company’s IPO is entirely a fresh issue of 2.43 crore equity shares, worth Rs 401 crore at the upper end of the price band, with no Offer For Sale (OFS) component.

Proceeds from the fresh issue will be utilised for supporting working capital requirements of the company and general corporate purposes.

Incorporated in 2009, Shringar House of Mangalsutra is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutras adorned with various stones, such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold.

The company primarily serves its business-to-business (B2B) clients and holds about 6 per cent of the organised Mangalsutra market in India as of 2023, according to the draft papers citing a CareEdge report.

Choice Capital Advisors is the sole book-running lead manager, and MUFG Intime India is the registrar of the issue.

Mohammad Haris

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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Consumer healthcare mega merger: Kimberly-Clark to acquire Tylenol maker Kenvue in $48.7 billion cash and stock deal; $1.9 billion cost savings targeted post-merger – The Times of India

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Consumer healthcare mega merger: Kimberly-Clark to acquire Tylenol maker Kenvue in .7 billion cash and stock deal; .9 billion cost savings targeted post-merger – The Times of India


Kimberly-Clark is set to acquire Tylenol maker Kenvue in a cash-and-stock transaction valued at approximately $48.7 billion, creating one of the world’s largest consumer health goods companies, AP reported.Under the terms of the agreement, Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing. Based on Kimberly-Clark’s closing share price on Friday, the deal values Kenvue stock at $21.01 per share.Following the merger, Kimberly-Clark shareholders will own around 54% of the combined entity, while Kenvue shareholders will hold about 46%. The companies said the merger is expected to generate annual net revenues of approximately $32 billion in 2025. They also identified an estimated $1.9 billion in cost savings to be realised within the first three years after the deal closes.“With a shared commitment to developing science and technology to provide extraordinary care, we will serve billions of consumers across every stage of life,” said Kimberly-Clark Chairman and CEO Mike Hsu in a statement.Hsu will lead the merged company as chairman and CEO, while three members of Kenvue’s board will join Kimberly-Clark’s board upon closing. The combined company will retain Kimberly-Clark’s headquarters in Irving, Texas, and maintain a significant presence at Kenvue’s existing locations.The acquisition is expected to close in the second half of next year, pending approval from shareholders of both companies.In early trading, Kimberly-Clark shares dropped more than 15% before the market open, while Kenvue’s stock surged over 20%.





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Business news live – Banks bet on interest rate cut and UK bills rise 8% in a year

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Business news live – Banks bet on interest rate cut and UK bills rise 8% in a year


Interest rates: five steady cuts after sharp correction up

It’s sometimes hard to keep pace with everything around interest rates, how much it has all changed and the wider impact it has.

This chart helps display the rate of change, at least: post-Covid we had basically a zero rate for a long period, but the cost of living crisis across 2022 and 2023 saw interest rates shoot higher in quick succession as the BoE tried to stem inflation, which hit 11%.

Since last year the base rate began to decline, we’ve had five cuts in total.

Three this year came in February, May and August.

(Bank of England)

Karl Matchett3 November 2025 09:20

Karl Matchett3 November 2025 09:00

‘Odds 50-50’ on a December rate cut

Not everyone is immediately convinced, of course.

Plenty still think it’s more likely that the BoE will persist with their cautious approach so far and at least wait for one more monthly set of data to be taken in before opting to cut.

Matt Britzman, senior equity analyst at Hargreaves Lansdown, points to the money market still being split on December at the moment.

“London stocks have a touch higher this morning as investors brace for a pivotal week at the Bank of England. Rates are widely expected to stay at 4% on Thursday, but the real debate is whether policymakers deliver a cut in December, with odds hovering near 50-50. With stubborn inflation and slowing growth, expectations for the year ahead are in the balance.

Karl Matchett3 November 2025 08:40

Barclays join calls for interest rates cut

Last week Goldman Sachs said they think a rate cut is in the offing, and now Barclays have joined them.

Noting that “shop price data point to further disinflation in October”, Barclays analysts have suggested the Bank of England’s MPC members will provide a split vote – they predict 5-4 – but the ultimate outcome will be a cut.

“We acknowledge the decision remains finely balanced, but expect the recent downside inflation and labour market news to tip the vote to a cut,” read the analysis note, from Jack Meaning and Silvia Ardagna.

Food inflation is a key tipping point in the vote, they predict, and it appears to be on the way down (disinflation).

Karl Matchett3 November 2025 08:20

Inflation data behind change of heart on interest rate cuts

Rewind the tape a few weeks and banks, economists and analysts were unified in their belief: no interest rate cut pre-Budget, quite possibly none for the rest of 2025.

However, inflation data for September changed all that.

We didn’t hit 4% as expected, and now the worst is expected to have passed.

On the back of that, jobs data came in weaker again too as companies continued to reign in the hiring and vacancies were down to a multi-year low.

Now, more than one bank has changed its tune.

Karl Matchett3 November 2025 08:14

Business and Money live: 3 November

Morning all and welcome to another week of your personal finance, UK business and stock markets news on The Independent.

We’ll start today with interest rates talk ahead of the MPC meeting, which comes on Thursday.

Karl Matchett3 November 2025 07:55



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Rail security to be reviewed after train stabbings, says minister

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Rail security to be reviewed after train stabbings, says minister


Jennifer MeierhansBusiness reporter

PA Media Two armed policemen walking through St Pancras International station, LondonPA Media

There will be increased visible patrols at mainline stations over the coming days, the Transport Secretary said

There will be a review of rail security in the UK following a mass stabbing on a train, Transport Secretary Heidi Alexander has said.

A man has been charged with 10 counts of attempted murder after the knife attack on a Doncaster to London service on Saturday night.

Alexander told the BBC the government would “review security arrangements” and respond “swiftly and in a proportionate way”.

But she did not think airport scanning technology “is the right solution for stations in the UK”.

Questions about passenger safety on the UK’s rail network have been raised after a a black British national, who boarded a train at Peterborough station, attacked passengers with a knife.

Eleven people were treated in hospital including a member of train staff who is said to be in a “critical but stable condition”.

Anthony Williams, 32, from Peterborough has been charged with 10 counts of attempted murder, one count of actual bodily harm and one count of possession of a bladed article, British Transport Police (BTP) said on Monday morning.

Alexander told BBC Breakfast that BTP officers would increase visible patrols at mainline stations over the coming days “because I do understand that people will want to feel reassured following what happened”.

“Thankfully incidents like this on the public transport network are very, very rare,” she added.

She said the rail network in the UK was a “low crime environment” and for every one million passenger journeys only 27 crimes were committed.

Asked what steps the government would take to improve security on trains, she said: “We are investing in improved CCTV in stations and the Home Office will soon be launching a consultation on more facial recognition technology which could be deployed in stations as well.”

Asked about luggage scanners similar to those used in some major train stations abroad she said: “At the moment that type of airport scanning technology I don’t think is the right solution for stations in the UK.”

Andy Trotter, former British Transport Police Chief Constable told BBC Breakfast Saturday’s attack illustrates “people’s real concerns about being trapped with an offender or with someone causing disorder”.

“I hope this results in a broader review of security, the need for more British Transport Police, the need for more security from the rail companies themselves.”

Senior Reform UK politician Zia Yusuf on Sunday said he would not like to see increased security at train stations.

He told the BBC’s Sunday With Laura Kuenssberg programme it would impose “enormous friction” on the lives of law-abiding people “as a result of the actions of a tiny minority”.

He argued for a significant increase in the use of stop-and-search powers “to saturation”, saying this would remove deadly weapons from circulation.

Official figures released last month show knife crime has fallen in the past year, while NHS admissions for assaults with a sharp object are down 10% compared with 2024.

Overall violent crime showed “no statistically significant change” from 2024, but remains a third lower than it was a decade ago and 75% down on its peak in 1995, while homicides have reached their lowest point since at least 2003.



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