Bookbuilding IPO | ₹401 Cr | Listed at BSE, NSE | Wed, Sep 10, 2025 - Fri, Sep 12, 2025
Shringar House of Mangalsutra IPO is a book build issue of ₹400.95 crores. The issue is entirely a fresh issue of 2.43 crore shares of ₹400.95 crore.
Shringar House of Mangalsutra IPO bidding started from Sep 10, 2025 and ended on Sep 12, 2025. The allotment for Shringar House of Mangalsutra IPO was finalized on Sep 15, 2025. The shares got listed on BSE, NSE on Sep 17, 2025.
Shringar House of Mangalsutra IPO price band is set at ₹165 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,850 (90 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (6,120 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 20,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Shringar House of Mangalsutra IPO RHP for detailed Information.
IPO Open
Wed, Sep 10, 2025
IPO Close
Fri, Sep 12, 2025
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹1,591.13 Cr
| IPO Date | 10 to 12 Sep, 2025 |
| Listed on | Wed, Sep 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹155 to ₹165 |
| Issue Price | ₹165 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹15.00 |
| Total Issue Size | 2,43,00,000 shares (agg. up to ₹401 Cr) |
| Fresh Issue | 2,43,00,000 shares (agg. up to ₹401 Cr) |
| Share Holding Pre Issue | 7,21,32,080 shares |
| Share Holding Post Issue | 9,64,32,080 shares |
| BSE Script Code / NSE Symbol | 544512 / SHRINGARMS |
| ISIN | INE1B3L01017 |
Shringar House of Mangalsutra IPO offers total 2,43,00,000 shares. Out of which 1,21,40,000 (49.96%) allocated to QIB, 48,56,000 (19.98%) allocated to QIB (Ex- Anchor), 36,42,000 (14.99%) allocated to NII 84,98,000 (34.97%) allocated to RII and 72,84,000 (29.98%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,21,40,000 (49.96%) | NA |
| − Anchor Investor Shares Offered | 72,84,000 (29.98%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 48,56,000 (19.98%) | NA |
| NII (HNI) Shares Offered | 36,42,000 (14.99%) | NA |
| − bNII > ₹10L | 24,28,000 (9.99%) | 1,926 |
| − sNII < ₹10L | 12,14,000 (5.00%) | 963 |
| Retail Shares Offered | 84,98,000 (34.97%) | 94,422 |
| Employee Shares Offered | 20,000 (0.08%) | NA |
| Total Shares Offered | 2,43,00,000 (100.00%) |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| Application | Lots | Shares | 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 |
Shringar House of Mangalsutra IPO raises ₹120.19 crore from anchor investors. Shringar House of Mangalsutra IPO Anchor bid date is September 9, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 9, 2025 |
| Shares Offered | 72,84,000 |
| Anchor Portion (₹ Cr.) | 120.19 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 15, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Dec 13, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.
The company designs, manufactures, and markets a diverse collection of Mangalsutra featuring various stones like American diamonds, cubic zirconia, pearls, and semi-precious stones, using 18k and 22k gold for its business-to-business (B2B) clients.
The company sells its products to corporate clients, wholesale jewellers, and retailers nationwide.
The company serve a diverse client base, including corporate clients, wholesale jewellers, and retailers across India, with a presence in 24 states and 4 union territories. In addition, The company expanded internationally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025.
The company’s domestic and international corporate clients include 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 has served 34 corporate clients,1,089 wholesalers, and 81 retailers.
Shringar House of Mangalsutra Limited also manufacture and supply Mangalsutras on a job-work basis to our Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras, generating revenue of ₹264.83 million, ₹193.24 million and ₹156.47 million, respectively.
As ofJune 30, 2025, the company has 237 employees.
Competitve Strength
Shringar House of Mangalsutra Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 96% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 375.75 | 265.00 | 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirements of the Company | 280.00 |
| 2 | General Corporate purposes | 78.88 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 32.43% |
| Debt/Equity | 0.61 |
| RoNW | 36.20% |
| PAT Margin | 4.27% |
| EBITDA Margin | 6.48% |
| Price to Book Value | 5.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.47 | 6.34 |
| P/E (x) | 19.47 | 26.04 |
| Promoter Holding | 99.99% | 74.8% |
| Market Cap | ₹1,591.13 Cr. |
The Shringar House of Mangalsutra IPO is subscribed 60.31 times on September 12, 2025 5:04:37 PM (Day 3). The public issue subscribed 27.26 times in the retail category, 101.41 times in the QIB category, and 82.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 101.41 | 48,56,000 | 49,24,45,710 |
| NII | 82.58 | 36,42,000 | 30,07,42,380 |
| bNII (bids above ₹10L) | 83.95 | 24,28,000 | 20,38,32,990 |
| sNII (bids below ₹10L) | 79.83 | 12,14,000 | 9,69,09,390 |
| Retail | 27.26 | 84,98,000 | 23,16,51,540 |
| Employee | 69.81 | 20,000 | 13,96,170 |
| Total | 60.31 | 1,70,16,000 | 1,02,62,35,800 |
Total Application : 23,85,416
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting commissions and selling commission) | 28.39 |
| 2 | Selling commission and processing fees for SCSBs (1)(2) and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.20 |
| 3 | Advertising and marketing expenses | 2.94 |
| 4 | Fees to the Registrar to the Issue | 0.38 |
| 5 | Fees payable to the Regulators including stock exchanges | 4.46 |
| 6 | Other expenses: (i) Printing and stationery expenses (ii) Fees payable to the legal counsel to the Issue (iii) Fees payable to Statutory Auditor (iv) Fees payable to the independent chartered engineer (v) Fees payable to the industry service provider (vi) Miscellaneous | 2.00 |
| 7 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.68 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹165.00 | ₹165.00 |
| Open | ₹187.70 | ₹188.50 |
| Low | ₹182.45 | ₹182.60 |
| High | ₹191.00 | ₹191.00 |
| Last Trade | ₹184.85 | ₹184.88 |
Lead Manager Reports
Shringar House of Mangalsutra IPO is a main-board IPO of 2,43,00,000 equity shares of the face value of ₹10 aggregating up to ₹401 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 90.
The IPO opens on Wed, Sep 10, 2025, and closes on Fri, Sep 12, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shringar House of Mangalsutra IPO using UPI as a payment gateway. Zerodha customers can apply in Shringar House of Mangalsutra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shringar House of Mangalsutra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shringar House of Mangalsutra IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025.
Shringar House of Mangalsutra IPO lot size is 90, and the minimum amount required for application is ₹14,850.
You can apply in Shringar House of Mangalsutra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shringar House of Mangalsutra IPO will be done on Monday, September 15, 2025, and the allotted shares will be credited to your demat account by Tue, Sep 16, 2025. Check the Shringar House of Mangalsutra IPO allotment status.
The Shringar House of Mangalsutra IPO listing date is on Wed, Sep 17, 2025.
