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 opens for subscription on Sep 10, 2025 and closes on Sep 12, 2025. The allotment for the Shringar House of Mangalsutra IPO is expected to be finalized on Sep 15, 2025. Shringar House of Mangalsutra IPO will list on BSE, NSE with a tentative listing date fixed as Sep 17, 2025.
Shringar House of Mangalsutra IPO price band is set at ₹155.00 to ₹165.00 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.
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 Date | September 10, 2025 to September 12, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹155 to ₹165 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,43,00,000 shares (aggregating up to ₹400.95 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,32,080 shares |
| Share Holding Post Issue | 9,64,32,080 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
| 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 |
Shringar House of Mangalsutra IPO opens on September 10, 2025, and closes on September 12, 2025.
| IPO Open Date | Wed, Sep 10, 2025 |
| IPO Close Date | Fri, Sep 12, 2025 |
| Tentative Allotment | Mon, Sep 15, 2025 |
| Initiation of Refunds | Tue, Sep 16, 2025 |
| Credit of Shares to Demat | Tue, Sep 16, 2025 |
| Tentative Listing Date | Wed, Sep 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 12, 2025 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) 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 |
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Shringar House of Mangalsutra IPO is ₹1591.13 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 8.47 | 6.34 |
| P/E (x) | 19.47 | 26.04 |
The Company Shringar House of Mangalsutra IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding Working Capital requirements of the Company | 280.00 |
| 2 | General Corporate purposes |
[Dilip Davda] SHML is engaged in designing and manufacturing of variety of Mangalsutra for B2B segment. The company posted growth in its top and bottom lines for the reported periods. It has created a niche place in the Mangalsutra segment and enjoys first preference. Based on its recent financial data, the issue appears aggressively priced. Well-informed investors may park funds for long term. Read detail review...
Shringar House of Mangalsutra Ltd.
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/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shringarhouse.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹400.95 Crores. The issue is priced at . The minimum order quantity is 90.
The IPO opens on September 10, 2025, and closes on September 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 September 10, 2025 and closes on September 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 Tuesday, September 16, 2025. Check the Shringar House of Mangalsutra IPO allotment status.
The Shringar House of Mangalsutra IPO listing date is not yet announced. The tentative date of Shringar House of Mangalsutra IPO listing is Wednesday, September 17, 2025.
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