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Shringar House of Mangalsutra IPO

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BSE,NSE 10 September - 12 September 2025
Shringar House of Mangalsutra Limited IPO is a book build issue of 400.95 Cr. The issue is entirely a fresh issue of 24300000 shares aggregating to 400.95 Cr. Shringar House of Mangalsutra Limited IPO opened for subscription on Sep 10, 2025 and closed on Sep 12, 2025. The allotment for the this IPO was finalized on Sep 15, 2025. IPO was listed on NSE and BSE on Sep 17, 2025. Shringar House of Mangalsutra Limited IPO is set issue price band at ₹155 to ₹165 per share.

Current GMP

₹21 (+12.73%)

Price Band

₹ 155 – 165

Lot Size

90

Issue Size

₹400.95 Cr

Minimum Investment

₹14850 (90 Shares)

Listing Date

17 September 2025

Subscription

60.29x

About the Company

Shringar House of Mangalsutra Limited is one of India’s leading and specialized designers and manufacturers of Mangalsutras, a traditional gold and black-beaded necklace symbolizing marital commitment. Incorporated in January 2009, the company focuses on designing, manufacturing, and marketing a wide range of Mangalsutras embedded with stones such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold.

Operating primarily on a B2B model, Shringar serves corporate clients, wholesalers, and retailers across 24 Indian states and 4 union territories, and has also expanded globally to markets in the UK, New Zealand, UAE, USA, and the Republic of Fiji.

In Calendar Year 2023, the company contributed to approximately 6% of the organized Mangalsutra market in India (Source: CareEdge Report).

Shringar boasts a strong customer base, including marquee clients such as Malabar Gold, Titan Company, GRT Jewellers, Reliance Retail, Joyalukkas, Damas Jewellery (UAE), among others. As of March 31, 2025, it served 34 corporate clients, 1,089 wholesalers, and 81 retailers.

The company also undertakes job-work manufacturing of Mangalsutras, processing significant volumes of bullion annually — over 1,320 kgs in FY25 — generating revenues in excess of ₹260 million.

Shringar has an in-house design team of 12, supported by 182 in-house Karigars and third-party artisans to meet growing demand and align designs with evolving customer preferences across generations.

Key Competitive Strengths

  • Established and diversified client base
  • Innovation-driven product portfolio
  • Integrated and quality-controlled manufacturing process
  • Consistently improving financial performance
  • Experienced promoters and professional management team

Promoters

  1. Chetan N Thadeshwar
  2. Mamta C Thadeshwar
  3. Viraj C Thadeshwar
  4. Balraj C Thadeshwar
Promoters Holding

Holding Pre Issue

99.99%

Holding Post Issue

74.80%

Objects of the Issue

The Net Proceeds are proposed to be utilised in the following manner:

  1. Funding Working Capital requirements of our Company
  2. General Corporate purposes.

Address / Contact Info

Shringar House of Mangalsutra Limited
Unit No. B-1, Lower Ground Floor
Jewel World (Cotton Exch Bldg),
175, Kalbadevi Rd, Bhuleshwar,
Mumbai, Maharashtra, 400002

Phone: +91 90044 29107
Email: cs@shringar.ms
Website: https://www.shringar.ms/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 155 – 165
Lot Size90
Issue TypeBook-building IPO
Sale TypeFresh Capital
Fresh Issue₹ 400.95 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 400.95 Cr
Listing AtBSE,NSE
Employee Discount15
IndustryDiamond & Jewellery
SectorDiamond & Jewellery
QIB Quota28.54%
BNII Quota14.27%
SNII Quota7.13%
Retail Quota49.94%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Shringar House of Mangalsutra IPO is a Book-building IPO worth ₹400.95 crores. The price band is ₹155 to 165 per share. The IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Shringar House of Mangalsutra IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025

Shringar House of Mangalsutra IPO Price Band is ₹155 to 165.

Shringar House of Mangalsutra IPO lot size is 90, and the minimum amount required for application is ₹14850.

The minimum investment for Shringar House of Mangalsutra IPO is approximately ₹14850 based on the upper price band.

To apply for the Shringar House of Mangalsutra IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 12, 2025. After submission, funds are blocked until the basis of allotment of Shringar House of Mangalsutra IPO is finalised.

Shringar House of Mangalsutra IPO issue size is ₹400.95 crores.

Shringar House of Mangalsutra IPO allotment date is Sat, Jun 27, 2026.

The registrar for Shringar House of Mangalsutra IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Shringar House of Mangalsutra IPO through their official website or helpline.

The Shringar House of Mangalsutra IPO GMP (Grey Market Premium) is ₹21 as of Wed, Sep 17, 2025. Based on the upper price band of ₹165 per share, the estimated Shringar House of Mangalsutra IPO listing price is ₹186, indicating a potential listing gain of approximately 31% over the issue price.