Shringar House of Mangalsutra IPO
GMP, Subscription, Price, Dates & Financial Details
Diamond & Jewellery
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…
Open Date
Wed, 10 Sep 2025
Close Date
Fri, 12 Sep 2025
Price Band
₹ 155 – 165
Lot Size
90
Issue Size
₹ 400.95 Cr
Minimum Investment
₹ 14,850 (90 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shringar House of Mangalsutra IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹400.95 Crore, comprising a fresh issue of 2.43 Crore equity shares aggregating to ₹400.95 Crore.
The Shringar House of Mangalsutra IPO remained open for subscription from September 10, 2025, to September 12, 2025. The basis of allotment was finalized on September 15, 2025, and the company's shares were listed on the NSE and BSE on September 17, 2025.
The company had fixed the price band at ₹155 to ₹165 per share, with a lot size of 90 shares. Retail investors were required to make a minimum investment of ₹14,850 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 20,000 equity shares for eligible employees, who received a discount of ₹15 per share.
MUFG Intime India Private Limited served as the registrar to the issue. Choice Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shringar House of Mangalsutra Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shringar House of Mangalsutra IPO Timeline (Tentative)
- IPO Open Date
- Wed, 10 Sep 25
- IPO Close Date
- Fri, 12 Sep 25
- Basis of Allotment
- Mon, 15 Sep 25
- Initiation of Refunds
- Tue, 16 Sep 25
- Credit of Shares to Demat
- Tue, 16 Sep 25
- Listing Date
- Wed, 17 Sep 25 — NSE & BSE
Open Date
10 September 2025
Close Date
12 September 2025
Basis Of Allotment
15 September 2025
Listing Date
17 September 2025
IPO Subscription
Check Live Subscription →The Shringar House of Mangalsutra IPO has received bids for 1,02,59,15,670 shares against 1,70,16,000 shares offered, resulting in an overall subscription of 60.29x. the NII category is subscribed 82.58x, Retail Investors 27.22x, Employees 69.9x, and QIBs 101.41x. Within the NII category, BNII is subscribed 83.95x, while SNII is subscribed 79.85x.
QIB
101.41x
NII
82.58x
BNII
83.95x
SNII
79.85x
RII
27.22x
EMP
69.9x
Total
60.29x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 84,98,000 shares, representing 49.94% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 48,56,000 shares (28.54%), while Non-Institutional Investors (NIIs) receive 36,42,000 shares (21.4%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 4,856,000 | 28.54% |
| Non-Institutional | 3,642,000 | 21.4% |
| BNII | 2,428,000 | 14.27% |
| SNII | 1,214,000 | 7.13% |
| Retail Investors | 8,498,000 | 49.94% |
| Employees | 20,000 | 0.12% |
| Total | 17,016,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 375.74 | 265 | 211.55 |
| Revenue | 1430.17 | 1102.71 | 951.29 |
| Profit After Tax | 61.11 | 31.11 | 23.36 |
| Net Worth | 200.84 | 136.85 | 105.72 |
| Reserve & Surplus | 158.75 | 125.72 | 94.62 |
| Total Borrowings | 137.91 | 110.09 | 93.19 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shringar House of Mangalsutra Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 36.2 | 25.65 | 24.84 |
| ROCE % | 32.43 | 21.52 | 19.46 |
| Debt / Equity | 0.61 | 0.8 | 0.88 |
| RoNW % | 36.2 | 25.65 | 24.84 |
| Pat Margin % | 4.27 | 2.82 | 2.46 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Shringar House of Mangalsutra Ltd | 10 | 0.00 | 8.57 | 8.57 | 36.20 | 27.84 |
| Utssav CZ Gold Jewels Ltd | 10 | 16.85 | 11.63 | 11.63 | 30.94 | 53.23 |
| RBZ Jewellers Ltd | 10 | 13.37 | 9.70 | 9.70 | 17.15 | 61.26 |
| Sky Gold & Diamonds Ltd | 10 | 28.73 | 9.52 | 9.44 | 28.59 | 46.61 |
About Shringar House of Mangalsutra Limited
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
Shringar House of Mangalsutra IPO Promoters
- Chetan N Thadeshwar
- Mamta C Thadeshwar
- Viraj C Thadeshwar
- Balraj C Thadeshwar
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
74.80%
Shringar House of Mangalsutra IPO Objective
The Net Proceeds are proposed to be utilised in the following manner:
- Funding Working Capital requirements of our Company
- General Corporate purposes.
Shringar House of Mangalsutra Limited Address / Contact Details
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
Shringar House of Mangalsutra IPO Lot Size
The Shringar House of Mangalsutra IPO has a lot size of 90 shares. Retail investors require a minimum investment of ₹14,850 by applying for 1 lot (90 shares). The maximum application allowed for the retail category is 13 lots (1,170 shares), requiring an investment of ₹1,93,050.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | 14,850.00 |
| Retail (Max) | 13 | 1,170 | 193,050.00 |
| S-HNI (Min) | 14 | 1,260 | 207,900.00 |
| S-HNI (Max) | 67 | 6,030 | 994,950.00 |
| B-HNI (Min) | 68 | 6,120 | 1,009,800.00 |
Issue Reservation
- QIB — 28.54%
- NII — 21.4%
- RII — 49.94%
- EMP — 0.12%
Shringar House of Mangalsutra IPO Registrar
MUFG Intime India Private Limited
Check Allotment StatusBook Running Lead Managers
- Choice Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shringar House of Mangalsutra IPO?
Shringar House of Mangalsutra IPO is a Book-building IPO with a total issue size of ₹400.95 crore. The Shringar House of Mangalsutra IPO price band is ₹155 to 165 per share. The Shringar House of Mangalsutra IPO subscription opens on Wed, Sep 10, 2025, and closes on Fri, Sep 12, 2025. The Shringar House of Mangalsutra IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Shringar House of Mangalsutra IPO.
When will the Shringar House of Mangalsutra IPO open for subscription?
The Shringar House of Mangalsutra IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025
What is Shringar House of Mangalsutra IPO Price Band?
Shringar House of Mangalsutra IPO Price Band is ₹155 to 165 per share.
What is Shringar House of Mangalsutra IPO Lot Size?
Shringar House of Mangalsutra IPO lot size is 90 shares, Retail investors need a minimum investment of ₹14850 based on the upper price band
What is the minimum investment for Shringar House of Mangalsutra IPO?
The minimum investment for Shringar House of Mangalsutra IPO is ₹14850, based on one lot of 90 shares at the upper price band of ₹165 per share.
How to apply for Shringar House of Mangalsutra IPO?
Investors can apply for the Shringar House of Mangalsutra IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 12, 2025. The application amount remains blocked until the Shringar House of Mangalsutra IPO allotment is finalized.
What is Shringar House of Mangalsutra IPO Issue Size?
Shringar House of Mangalsutra IPO issue size is ₹400.95 crores.
What is the Shringar House of Mangalsutra IPO Allotment Date?
Shringar House of Mangalsutra IPO allotment date is Mon, Sep 15, 2025.
Who is the Shringar House of Mangalsutra IPO Registrar?
The registrar for Shringar House of Mangalsutra IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Shringar House of Mangalsutra IPO allotment status, refund processing, and other IPO-related information.
What is the Shringar House of Mangalsutra IPO GMP?
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 12.73% over the issue price.
Who is the Shringar House of Mangalsutra IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shringar House of Mangalsutra IPO are Choice Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shringar House of Mangalsutra IPO Red Herring Prospectus (RHP).