Shringar House of Mangalsutra IPO is scheduled to open on September 10, 2025, and will close on September 12, 2025. The basis of allotment is expected to be finalized on September 15, 2025, with refunds and credit to Demat accounts taking place on September 16, 2025. The shares are proposed to be listed on the BSE and NSE with a tentative listing date of September 17, 2025.
This IPO is a Book Built Issue worth about ₹400.95 crores, consisting entirely of a fresh issue of 2.43 crore equity shares with a face value of ₹10 each. The price band is fixed at ₹155 to ₹165 per share, and the lot size is 90 shares per application. At the upper price band, retail investors need a minimum investment of ₹14,850, while the sNII category requires 14 lots (1,260 shares) worth ₹2,07,900, and the bNII category requires 68 lots (6,120 shares) worth ₹10,09,800. The allocation quota is divided into 50% for QIBs, 15% for HNIs, and 35% for retail investors.
Financially, the company has shown solid growth with revenue of ₹1,430.12 crores in FY25, compared to ₹1,102.71 crores in FY24, and profit rising to ₹61.11 crores in FY25 from ₹31.11 crores in FY24. Based on its performance, market experts suggest that investors may consider this IPO with a long-term perspective.
Overview of Contents
About Shringar House of Mangalsutra IPO
Incorporated in January 2009, Shringar House of Mangalsutra Limited is a leading Indian company that designs, manufactures, and markets Mangalsutras. The company creates a wide variety of Mangalsutras using 18k and 22k gold and stones like American diamonds, cubic zirconia, pearls, and semi-precious stones for its business-to-business (B2B) clients.
Shringar House serves a diverse client base, including corporate clients, wholesale jewellers, and retailers across 24 states and 4 union territories in India. The company has also expanded internationally, supplying its products to the UK, New Zealand, UAE, USA, and Fiji between 2023 and 2025. Major corporate clients include Malabar Gold, Titan Company, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE). As of March 31, 2025, the company had served 34 corporate clients, 1,089 wholesalers, and 81 retailers.
The company also provides job-work Mangalsutra manufacturing for corporate clients, processing 1,320.72 kgs of bullion in FY25, generating revenue of ₹264.83 million. The team includes 237 employees, with a 12-member design team and 182 in-house karigars.
Shringar House’s strengths include an established client base, innovative designs, integrated manufacturing facilities, strict quality control, strong financial performance, and an experienced management team, making it one of the trusted names in the Indian Mangalsutra industry.
Shringar House of Mangalsutra IPO Overview
| Particulars | Details |
|---|---|
| Type of Issue | Bookbuilding IPO (Fresh Capital) |
| Total Issue Size | 2,43,00,000 shares (Approx ₹400.95 Cr) |
| Fresh Issue | 2,43,00,000 shares (Approx ₹400.95 Cr) |
| Face Value per Share | ₹10 |
| Issue Price Band | ₹155 – ₹165 per share |
| Minimum Lot Size | 90 shares |
| Employee Reservation / Discount | ₹15 per share |
| Allocation Quota | QIB – 50% │ NII – 15% │ Retail – 35% |
| Pre-Issue Shareholding | 7,21,32,080 shares |
| Post-Issue Shareholding | 9,64,32,080 shares |
| Proposed Listing Exchanges | BSE & NSE |
Shringar House of Mangalsutra IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Shringar House of Mangalsutra IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | September 10, 2025 (Wednesday) |
| IPO Close Date | September 12, 2025 (Friday) |
| Basis of Allotment | September 15, 2025 (Monday) |
| Refunds Initiation | September 16, 2025 (Tuesday) |
| Credit to Demat Account | September 16, 2025 (Tuesday) |
| IPO Listing Date | September 17, 2025 (Wednesday) |
Shringar House of Mangalsutra IPO Lot Size
| Investor Category | Number of Lots | Number of Shares | Approx. Investment (₹) |
|---|---|---|---|
| Retail (Minimum) | 1 | 90 | 14,850 |
| Retail (Maximum) | 13 | 1,170 | 1,93,050 |
| S-HNI (Minimum) | 14 | 1,260 | 2,07,900 |
| S-HNI (Maximum) | 67 | 6,030 | 9,94,950 |
| B-HNI (Minimum) | 68 | 6,120 | 10,09,800 |
Shringar House of Mangalsutra IPO Financial Performance
| Particulars | FY25 (Mar 31) | FY24 (Mar 31) | FY23 (Mar 31) |
|---|---|---|---|
| Total Revenue / Income | 1,430.12 | 1,102.71 | 951.29 |
| Profit After Tax (PAT) | 61.11 | 31.11 | 23.36 |
| EBITDA | 92.61 | 50.76 | 38.89 |
| Total Assets | 375.75 | 265.00 | 211.55 |
| Net Worth | 200.85 | 136.85 | 105.72 |
| Reserves & Surplus | 123.72 | 125.72 | 94.62 |
| Total Borrowings | 123.11 | 110.09 | 93.19 |
Shringar House of Mangalsutra IPO Review
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Shringar House of Mangalsutra IPO Promoter Holding
The promoters of Shringar House of Mangalsutra are Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar, and Balraj C Thadeshwar. Together, they hold a pre-IPO stake of 99.99%, which will decrease slightly after the IPO, while continuing to retain majority control of the company.
Objects of the Issue
- Funding Working Capital requirements of our Company; and
- General Corporate purposes.
Shringar House of Mangalsutra IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: shringarhouse.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt.Ltd.
Company Address
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/
Shringar House of Mangalsutra IPO FAQs
What is the issue size of Shringar House of Mangalsutra IPO?
The IPO size is approximately ₹400.95 crores, consisting entirely of a fresh issue of 2.43 crore equity shares.
What is the price band for the IPO?
The price band is set at ₹155 to ₹165 per share.
What is the lot size for the IPO?
Each application requires a minimum of 90 shares, which means an investment of around ₹14,850 at the upper price band.
How is the IPO quota divided among investors?
The allocation quota is 50% for QIBs, 15% for HNIs, and 35% for retail investors.
On which stock exchanges will the IPO be listed?
The IPO will be listed on BSE and NSE.
Who are the promoters of Shringar House of Mangalsutra?
The promoters are Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar, and Balraj C Thadeshwar.
What are the financial highlights of the company?
In FY25, the company reported revenue of ₹1,430.12 crores and profit of ₹61.11 crores, compared to revenue of ₹1,102.71 crores and profit of ₹31.11 crores in FY24.
Should investors apply for this IPO?
Considering the company’s consistent growth, expanding client base, and strong financial performance, this IPO may be suitable for long-term investors.