Shringar House of Mangalsutra Limited IPO

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Gems, Jewellery And Watches

Listed On: Sep 17, 2025 at ₹ 188.5(NSE)

₹ 14850 /90 Shares

Check Allotment

10 Sep, 2025

Open Date

12 Sep, 2025

Close Date

15 Sep, 2025

Allotment Date

17 Sep, 2025

Listing Date

Price Summary

Last Closing

224.00 (35.76%)

52 Week High

227.00

52 Week Low

177.51

Last Update

31-Oct-2025 3:30 PM

Shringar House of Mangalsutra IPO Live Subscription Details

View Subscription Details

QIB 101.41x

Retail 27.22x

NIIs 82.58x

BHNI 83.95x

SHNI 79.85x

Retail 27.22x

EMP 69.90x

Total 60.29x

Last updated: 12 Sep 2025, 06:55 PM

Shringar House of Mangalsutra IPO Issue Details

Issue Price ₹155-165 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 2,43,00,000 shares(aggregating up to ₹400.95 crore)
Fresh Share 2,43,00,000 shares(aggregating up to ₹400.95 crore)
Listing at BSE, NSE
List Price 188.5(NSE)
Listing Date 2025-09-17
Lead Manager Choice Capital Advisors Pvt Ltd
Registrar MUFG Intime India Pvt Ltd

Market Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	90	₹14,850
Retail(max)	13	1,170	₹1,93,050
SHNI(min)	14	1,260	₹2,07,900
SHNI(max)	67	6,030	₹9,94,950
BHNI(min)	68	6,120	₹10,09,800

Shringar House of Mangalsutra IPO Reservation

Shringar House of Mangalsutra IPO offers total 2,43,00,000 shares. Out of which 48,56,000 (19.98%) allocated to QIB, 36,42,000 (14.99%) allocated to NII,84,98,000 (34.97%) allocated to RII, 20,000 (0.08%) allocated to employees and 72,84,000 (29.98%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	72,84,000 (29.98%)
QIB Shares Offered	48,56,000 (19.98%)
NII (HNI) Shares Offered	36,42,000 (14.99%)
bNII < ₹10L	24,28,000 (9.99%)
sNII < ₹10L	12,14,000 (4.99%)
Retail Shares Offered	84,98,000 (34.97%)
Employee Shares Offered	20,000 (0.08%)
Total Shares Offered	2,43,00,000 (100%)

Shringar House of Mangalsutra IPO Documents

DRHP

RHP

ANCHOR

Shringar House of Mangalsutra IPO Details

Shringar House of Mangalsutra IPO is a book-built issue of ₹400.95 crores, The total issue size is ₹400.95 crores. The IPO of Shringar House of Mangalsutra is priced at ₹155-165 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 10, 2025 and ends on Sep 12, 2025. The allotment for Shringar House of Mangalsutra IPO will be finalized on Sep 15, 2025. Shringar House of Mangalsutra IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 17, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 90 shares, extendable to 14,850. S-HNIs will be able to bid for 1,260 shares at ₹2,07,900, while B-HNIs can also apply for a bid of 6,120 shares at ₹10,09,800. The book-running lead manager for the IPO is/are Choice Capital Advisors Pvt Ltd.

The total issue ₹400.95 crore, comprising a fresh issue of 2,43,00,000 shares ₹400.95 crore
The Shringar House of Mangalsutra IPO sets its price band at 155-165 for each share. A single application for Shringar House of Mangalsutra Limited IPO must contain at least 90 shares. Sentiment investors need to invest a minimum of 90 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,850 In order to participate in the sNII, investors must purchase at least 14 lots of 1,260 shares for ₹2,07,900, while the bNII requires 68 lots of 6,120 shares for an investment of ₹10,09,800.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	48,56,000	36,42,000 24,28,000 12,14,000	84,98,000	1,70,16,000
Day 1 10-09-25 05:00 PM	0.01 x	2.71 2.52 x 3.09 x	2.89 x	2.04 x
Day 2 11-09-25 05:00 PM	0.86 x	14.81 13.28 x 17.89 x	9.65 x	8.27 x
Day 3 12-09-25 05:00 PM	101.41 x	82.58 83.95 x 79.85 x	27.22 x	60.29 x

Total No of Applications

24,27,391

Subscription on the basis of Applications

Retail:25.0x BHNI:17.0x SHNI:77.0x

Shringar House of Mangalsutra Valuations

EPS Pre IPO ₹8.47/-

EPS Post IPO ₹6.34/-

P/E Pre IPO 19.47

P/E Post IPO 26.04

ROCE 32.43%

Debt/Equity 0.61

RoNW 36.20%

PAT Margin 4.27%

Price to Book Value 5.93

Shringar House of Mangalsutra Company Financials

In Crs.

In Cr.

	31-Mar-25	31-Mar-24	31-Mar-23
Assets	375.75	265.00	211.55
Revenue	1,430.12	1,102.71	951.29
Profit After Tax	61.11	31.11	23.36
Net Worth	200.85	136.85	105.72
Reserves & Surplus	123.72	125.72	94.62
Total Borrowing	123.11	110.09	93.19

About Shringar House of Mangalsutra Company

Established in January 2009, Shringar House of Mangalsutra Limited designs and produces Mangalsutra in India. The firm designs, produces, and retails an extensive range of Mangalsutra with different stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones, utilizing 18k and 22k gold for its business-to-business (B2B) customers.

The firm retails its products to corporate clients, wholesale jewellers, and retailers across the country.As of 30th September 2024, the company has also exported its products to nations like the United Kingdom, New Zealand, UAE, USA, and the Republic of Fiji.Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE) are the domestic and international corporate customers of the company, among other entities.

As of September 30, 2024, the company has serviced 31 corporate customers, 76 wholesalers, and 731 retailers. During Fiscal Year 2024, it serviced 33 corporate customers, 96 wholesalers, and 832 retailers.During the six months ended September 30, 2024, and the years 2024, 2023, and 2022, the company converted 638.48 kgs, 1,221.19 kgs, 1,272.11 kgs, and 870.26 kgs of bullion into Mangalsutras with revenues of ₹115.48 million, ₹193.24 million, ₹156.47 million, and ₹99.98 million, respectively.

As of December 31, 2024, the company has an in-house design team consisting of 12 employees dedicated to creating new products aligned with current trends and customers' taste. The company also has 182 in-house Karigars and works with third-party Karigars to address increased market demand

Shringar House of Mangalsutra - Promoter(s)

Chetan N Thadeshwar

Mamta C Thadeshwar

Viraj C Thadeshwar

Balraj C Thadeshwar

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Shringar House of Mangalsutra IPO - Issue Objectives

Funding Working Capital requirements of our Company

General Corporate purposes

Shringar House of Mangalsutra IPO - Anchor Investors

Shringar House of Mangalsutra raises Rs 120 crore through anchor book before IPO.

Anchor book's largest investor was Kotak Mahindra Life Insurance Company that picked up 12.12 lakh shares amounting to Rs 20 crore, followed by Maybank Securities (shares worth Rs 15 crore). Additionally, Plutus Investment Trust, Founders Collective Fund, North Star Opportunities Fund, and Societe Generale purchased shares valued at Rs 10 crore each.

The other institutional participants of the anchor book were Mint Focussed Growth Fund, Nav Capital, Astrone Capital, and Sunrise Investment Trust.

Shringar House of Mangalsutra IPO - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Revenue(in Cr.)
Shringar House	5.93	26.0	36.2%	1430
Utssav CZ Gold	3.48	17.6	30.9%	646
RBZ Jewellers	2.22	14.8	17.2%	523
Sky Gold & Diamonds	6.25	28.0	28.6%	3956

Strength

Strong relationships with more than 15 years of client retention.

Diversified domestic and international B2B customer base.

Experiential in novel, bespoke Mangalsutra designs.

Integrated manufacturing with latest technology and talented Karigars.

Continuously growing finances with enhancing profitability margins.

Weakness

Failure to safeguard unique Mangalsutra designs poses revenue risk.

Unregistered designs pose the risk of being copied by third-party Karigars.

Highly concentrated client base impacts revenue stability and visibility.

Contact Details

Shringar House of Mangalsutra

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

+91 90044 29107

cs@shringar.ms

https://www.shringar.ms/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

shringarhouse.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Shringar House of Mangalsutra IPO - FAQs

Ans. Shringar House of Mangalsutra Limited IPO is a Mainboard IPO. The issue is priced at ₹155-165 per equity share. The minimum order quantity is 90 Shares. The IPO opens on Sep 10, 2025, and closes on Sep 12, 2025. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Shringar House of Mangalsutra Limited IPO opens on Sep 10, 2025 and closes on Sep 12, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Shringar House of Mangalsutra Limited IPO is 2,43,00,000 shares(aggregating up to ₹400.95 Cr).

Ans. The Shringar House of Mangalsutra Limited IPO price band is set between ₹155-165 per equity share.

Ans. To apply for Shringar House of Mangalsutra Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Shringar House of Mangalsutra Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Shringar House of Mangalsutra Limited IPO is Sep 15, 2025.

Ans. The Shringar House of Mangalsutra Limited IPO will be listed on Sep 17, 2025.

Ans. Follow the steps to check the Shringar House of Mangalsutra Limited IPO allotment status online.