Shringar House of Mangalsutra Limited IPO
Mainboard Allotment AwaitedOffer Date: Sep 10, 2025 - Sep 12, 2025
Exp. Premium: 30-32 (18.18%)
₹ 14850 /90 Shares
Check Allotment*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Shringar House of Mangalsutra IPO Live Subscription Details
Bids below ₹10L: 79.85x
NII Total: 82.58
10 Sep, 2025
Open Date12 Sep, 2025
Close Date15 Sep, 2025
Allotment Date17 Sep, 2025
Listing DateIssue Price
₹155-165 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Pvt LtdMarket Lot
Retail : 90 Shares (₹14,850/-)S-HNI : 1,260 Shares (₹2,07,900/-)
B-HNI : 6,120 Shares (₹10,09,800/-)
Lead Manager
Choice Capital Advisors Pvt LtdIssue Size
2,43,00,000 shares(aggregating up to ₹400.95 Cr)Retail Portion
35% (Number of Retail Applications: 94,422 Approx),(Number of S-HNI Applications : 963 Approx),
(Number of B-HNI Applications : 1,927 Approx)
Subscription
60.29 timesShringar 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 and
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.
Shringar House of Mangalsutra IPO Subscription Details
| 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 |
Shringar House of Mangalsutra Valuations
EPS Pre IPO
₹8.47/-EPS Post IPO
₹6.34/-P/E Pre IPO
19.47P/E Post IPO
26.04ROE
%ROCE
32.43%Debt/Equity
0.61RoNW
36.20%PAT Margin
4.27%Price to Book Value
5.93Shringar House of Mangalsutra Company Financials All values are 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 The 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 - Strength and Weakness
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.
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.
Shringar House of Mangalsutra - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| 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 |
Shringar House of Mangalsutra - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Chetan N Thadeshwar
- Mamta C Thadeshwar
- Viraj C Thadeshwar
- Balraj C Thadeshwar
Shringar House of Mangalsutra IPO - Issue Objectives
- Funding Working Capital requirements of our Company
- General Corporate purposes
Shringar House of Mangalsutra IPO - Anchor Investors
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.
Other Details
Shringar House of Mangalsutra
Unit No. B-1, Lower Ground Floor Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd, Bhuleshwar, Mumbai, Maharashtra, 400002MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: shringarhouse.ipo@linkintime.co.in
Website: 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. The size of Shringar House of Mangalsutra Limited IPO is 2,43,00,000 shares(aggregating up to ₹400.95 Cr).
Ans. The IPO price band is set between ₹155-165 per equity share.
Ans. To apply for Shringar House of Mangalsutra Limited IPO 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 allotment status for Shringar House of Mangalsutra Limited IPO here.
