Shringar House of Mangalsutra

Shringar House of Mangalsutra

Mainboard

₹14,850 / 90 Shares

Offer Date:Sep 10, 2025 - Sep 12, 2025

IPO Live Subscription Details

CategorySubscription (Times)
Date
12 Sep 2025, 06:55 PM
QIBs
101.41
NII
Bids above ₹10L: 83.95 times
Bids below ₹10L: 79.85 times
NII Total: 82.58
Retail
27.22 times
Employee
69.90 times
Total
60.29 times

Shringar House of Mangalsutra IPO Details

The Shringar House of Mangalsutra IPO price band is set between ₹155-165 per equity share, with a face value of ₹10 per share. The issue is managed by MUFG Intime India Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 10 Sep, 2025 and closes on 12 Sep, 2025. Investors can check the allotment status on 15 Sep, 2025, while the listing date is tentatively scheduled for 17 Sep, 2025.

The total issue size is 2,43,00,000 shares, aggregating up to ₹400.95 Cr. Stay tuned for the latest Shringar House of Mangalsutra IPO review and GMP updates.

Shringar House of Mangalsutra IPO Review, Rating & Analysis

Shringar House of Mangalsutra IPO Review

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Shringar House of Mangalsutra IPO Rating

Shringar House of Mangalsutra IPO Highlights

IPO Date

Sep 10, 2025 - Sep 12, 2025

Listing Date

17 Sep, 2025

Face Value

₹10 Per Equity Share

Price Band

₹155-165 per equity share

Lot Size

90 Shares

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

Shringar House of Mangalsutra IPO Lot Size

The minimum market lot for Shringar House of Mangalsutra IPO is 90 shares with an application amount of ₹14,850. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)190₹14,850
Retail (Max)131170₹1,93,050
S-HNI (Min)141260₹2,07,900
S-HNI (Max)676030₹9,94,950
B-HNI (Min)686120₹10,09,800

Shringar House of Mangalsutra IPO Timeline

IPO Open Date
10 Sep, 2025
IPO Close Date
12 Sep, 2025
Basis of Allotment
15 Sep, 2025
Listing Date
17 Sep, 2025

Issue Price

₹155-165 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

MUFG Intime India Pvt Ltd

Lead Manager

Choice Capital Advisors Pvt Ltd

Issue Size

2,43,00,000 shares(aggregating up to ₹400.95 Cr)

Shringar House of Mangalsutra IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 25375.751430.1261.11200.85123.72123.11
31 Mar 24265.001102.7131.11136.85125.72110.09
31 Mar 23211.55951.2923.36105.7294.6293.19

All values are in ₹ Cr.

Shringar House of Mangalsutra IPO Valuations

EPS Pre IPO

₹8.47/-

EPS Post IPO

₹6.34/-

PE Pre IPO

19.47

PE Post IPO

26.04

ROE

%

ROCE

32.43%

Debt Equity

0.61

RoNW

36.20%

PAT Margin

4.27%

Price to Book Value

5.93

Promoters & Share Holding

Promoter(s) Name

  • Chetan N Thadeshwar
  • Mamta C Thadeshwar
  • Viraj C Thadeshwar
  • Balraj C Thadeshwar
Share Holding Pre IssueShare Holding Post Issue
N/A%N/A%

About 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

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Shringar House of Mangalsutra IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved48,56,000
36,42,000

24,28,000    12,14,000
84,98,0001,70,16,000
Day 1 -10-09-25 05:00 PM
0.01 x
2.71

2.52 x   3.09 x
2.89 x2.04 x
Day 2 -11-09-25 05:00 PM
0.86 x
14.81

13.28 x   17.89 x
9.65 x8.27 x
Day 3 -12-09-25 05:00 PM
101.41 x
82.58

83.95 x   79.85 x
27.22 x60.29 x
Total No. of Applications:24,27,391 (Approx)
Retail Subscription:

Retail:25.0x

BHNI:17.0x

SHNI:77.0x times

Company Contact Details

Shringar House of Mangalsutra

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/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

Frequently Asked Questions about Shringar House of Mangalsutra IPO

When will Shringar House of Mangalsutra IPO open for subscription?

The Shringar House of Mangalsutra IPO opens on 10 Sep, 2025 and closes on 12 Sep, 2025.

What is the investors portion for Shringar House of Mangalsutra IPO?

The investors' portion for QIB is 101.41 x, NII is 83.95 x, and Retail is 27.22 x.

How to apply for Shringar House of Mangalsutra IPO?

You can apply for Shringar House of Mangalsutra IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Shringar House of Mangalsutra IPO?

The issue size of Shringar House of Mangalsutra IPO is approx ₹2,43,00,000 shares(aggregating up to ₹400.95 Cr) crores.

What is the price band of Shringar House of Mangalsutra IPO?

The price band for Shringar House of Mangalsutra IPO is ₹155 to ₹165 per equity share.

What is the lot size of Shringar House of Mangalsutra IPO?

The minimum bid (lot size) for Shringar House of Mangalsutra IPO is N/A shares with an investment of approx ₹14,850 .

What is the allotment date of Shringar House of Mangalsutra IPO?

The allotment date for Shringar House of Mangalsutra IPO is 15 Sep, 2025.

What is the listing date of Shringar House of Mangalsutra IPO?

The listing date for Shringar House of Mangalsutra IPO is expected to be 17 Sep, 2025.

What is the GMP of Shringar House of Mangalsutra IPO?

The latest Grey Market Premium (GMP) for Shringar House of Mangalsutra IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Shringar House of Mangalsutra IPO Date, Review, Price, Allotment Details, GMP | IPOROCK