Allotment

Shringar House of Mangalsutra Limited’s IPO was a book-built issue aggregating ₹400.95 crore. The issue comprised entirely of a fresh issue of 2.43 crore equity shares.
The IPO opened for subscription on September 10, 2025, and closed on September 12, 2025. The allotment was finalized on September 15, 2025, and the company’s shares were listed on both the BSE and NSE on September 17, 2025.
The price band for the IPO was fixed at ₹165 per share. The lot size for an application was 90 shares. Retail investors were required to invest a minimum of ₹14,850 for one lot (90 shares) at the upper price band. For non-institutional investors, the minimum application size for small NIIs (sNII) was 14 lots (1,260 shares), amounting to ₹2,07,900, while for big NIIs (bNII), it was 68 lots (6,120 shares), requiring an investment of ₹10,09,800.
The issue also included a reservation of up to 20,000 equity shares for eligible employees, offered at a discount of ₹15 per share to the issue price.
Choice Capital Advisors Pvt. Ltd. acted as the Book Running Lead Manager for the IPO, while MUFG Intime India Pvt. Ltd. served as the registrar to the issue.
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| IPO Date | 17 Sep |
| IPO Listing Date | 17 Sep |
| IPO Face Value | Rs.10 per Equity Share |
| IPO Price Range | ₹165.00 |
| IPO Issue Size | 2,43,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | ₹15.00 |
| IPO Issue Type | 100% Book Building |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 7,21,32,080 shares |
| IPO Open Date | 10 Sep |
| IPO Close Date | 12 Sep |
| IPO Allotment (Tentative) | 15 Sep |
| Refunds | 16 Sep |
| Credit to Demat Account | 16 Sep |
| IPO Listing Date | 17 Sep |
| Category | Offer |
|---|---|
| QIB Shares Offered | 48,56,000 Shares |
| NII (HNI) Shares Offered | 36,42,000 Shares |
| Retail Shares Offered | 84,98,000 Shares |
Investors can bid for a minimum of 90 shares, with additional shares to be purchased in multiples of 90.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,850 |
| Retail (Max) | 13 | 1,170 | ₹1,93,050 |
| S-HNI (Min) | 14 | 1,260 | ₹2,07,900 |
| S-HNI (Max) | 67 | 6,030 | ₹9,94,950 |
| B-HNI (Min) | 68 | 6,120 | ₹10,09,800 |
Incorporated in January 2009, Shringar House of Mangalsutra Limited is an India-based manufacturer and designer specializing exclusively in Mangalsutra jewellery.
The company designs, manufactures, and markets a wide range of Mangalsutras featuring American diamonds, cubic zirconia, pearls, and semi-precious stones, crafted in 18K and 22K gold. Its offerings are primarily catered to business-to-business (B2B) clients.
Shringar House of Mangalsutra Limited supplies its products to corporate clients, wholesale jewellers, and retailers across India. As of March 31, 2025, the company had a widespread domestic presence across 24 states and 4 union territories. It has also expanded its international footprint to the UK, New Zealand, the UAE, the USA, and Fiji during fiscal years 2023 to 2025.
The company’s domestic and international clientele includes leading jewellery brands such as Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE), among others. As of March 31, 2025, the company had served 34 corporate clients, 1,089 wholesalers, and 81 retailers.
In addition to its own manufacturing, the company also undertakes job-work manufacturing of Mangalsutras for corporate clients. During fiscal years 2025, 2024, and 2023, the company processed 1,320.72 kg, 1,221.19 kg, and 870.26 kg of bullion, respectively, into Mangalsutras, generating revenues of ₹264.83 million, ₹193.24 million, and ₹156.47 million.
As of June 30, 2025, Shringar House of Mangalsutra Limited employed 237 people.
Competitive Strengths
Established client base with long-standing customer relationships
Strong design capabilities and a diversified product portfolio
Integrated manufacturing facility
Robust quality assurance and quality control processes
Consistently improving financial performance
Experienced promoters supported by a professional management team
| Assets | 375.75 | 265 | 211.55 |
| Total Income | 1,430.12 | 1,102.71 | 951.29 |
| Profit After Tax | 61.11 | 31.11 | 23.36 |
| EBITDA | 92.61 | 50.76 | 38.89 |
| NET Worth | 200.85 | 136.85 | 105.72 |
| Reserves and Surplus | 123.72 | 125.72 | 94.62 |
| Total Borrowing | 123.11 | 110.09 | 93.19 |
| ROE | - |
| ROCE | 32.43% |
| Debt/Equity | 0.61 |
| RoNW | 36.20% |
| PAT Margin | 4.27% |
| EBITDA Margin | 6.48% |
| Price to Book Value | 5.93 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 280 |
| 3 | To meet out the General Corporate Purposes; | 78.88 |
| 4 | Offer for Sale (OFS) | - |
Shringar House of Mangalsutra Ltd. Address
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 Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
shringarhouse.ipo@linkintime.co.in