India's Shringar House of Mangalsutra jumps 12% on trading debut
17/09/2025 07:50
** Shringar House of Mangalsutra SING.NS jumps 12% to 184.81 rupees on trading debut ** Stock opened at 188.50 rupees, 14.2% above issue price ** Co's 4.01 bln-rupee ($45.7 mln) IPO, which comprised entirely of fresh shares, was subscribed more than 60x ** Co, which designs a necklace worn by married Hindu women, valued at 17.8 bln rupees as of 11:52 a.m. IST ** More than 17 mln shares traded so far ** Proceeds will be used to fund working capital, other general corporate needs ($1 = 87.7525 Indian rupees) (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;))