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Allotment

Shringar House of Mangalsutra Limited

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.

Shringar House of Mangalsutra Limited IPO & Charts
₹165

0%

Open

₹165

HIgh - Low

₹165

Previous Close

₹165

Total Traded Value

0

52 Weeks High

₹165

52 Weeks Low

₹165

Updates On

Sep 1, 2025

IPO. Open

Sep 10, 2026

IPO. Close

Sep 12, 2026

IPO. Price

₹165.00

IPO Market price

₹1,591.13 Cr

IPO Details

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 Timeline

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

IPO Reservation

Category Offer
QIB Shares Offered 48,56,000 Shares
NII (HNI) Shares Offered 36,42,000 Shares
Retail Shares Offered 84,98,000 Shares

IPO Lot Size

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
About Company

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

Shringar House of Mangalsutra Ltd. reported a 30% increase in revenue and a 96% rise in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the year ended March 31, 2024.

Company Financials (Consolidated)

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

Key Performance Indicator (KPI

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 Objective

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) -

Contact Details

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/

Detail Registrar

IPO Registrar

MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
shringarhouse.ipo@linkintime.co.in

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