Shringar House of Mangalsutra IPO Details
The Shringar House of Mangalsutra IPO is a book build issue with a total issue size of ₹400.95 cr, comprising of fresh issue of 24300000 equity shares. Shringar House of Mangalsutra IPO opened for subscription on Sep 10, 2025 and closed on Sep 12, 2025. Shringar House of Mangalsutra IPO is set price band at ₹155 to ₹165 per share, with a lot size of 90 shares. Minimum investment for Retail investors was ₹14,850.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 15, 2025, and listed on both the NSE and BSE on Sep 17, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Choice Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Shringar House of Mangalsutra IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 155 – 165
- Lot Size
- 90
- Issue Size
- ₹400.95 Cr
- Minimum Investment
- ₹14850 (90 Shares)
- Listing Date
- 17 September 2025
Current GMP
₹21 (+12.73%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Shringar House of Mangalsutra IPO Registrar
MUFG Intime India Private Limited
Check Allotment StatusBook Running Lead Managers
- Choice Capital Advisors Pvt Ltd
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 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.
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 per share.
Shringar House of Mangalsutra IPO lot size is 90 shares, Retail investors need a minimum investment of ₹14850 based on the upper price band
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.
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.
Shringar House of Mangalsutra IPO issue size is ₹400.95 crores.
Shringar House of Mangalsutra IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.