IPO Detail
Shringar House of Mangalsutra
MAINBOARDNot investment advice. Read RHP before applying.
Price Band
₹155 – ₹165
GMP (Indicative)
₹21
Unofficial · not guaranteed
Lot Size
90 shares
Status
Listed
Open Date
2025-09-10
Close Date
2025-09-12
Listing Date
2025-09-17
Min. Investment
₹14,850
Overview
About the Company
Shringar House of Mangalsutra Limited, incorporated in 2009, is an Indian jewellery company engaged in the design, manufacturing, and marketing of mangalsutras. The company offers a wide range of products made from 18K and 22K gold, studded with American diamonds, cubic zirconia, pearls, and other semi-precious stones. It primarily operates in the B2B segment, supplying its products to wholesalers, retailers, and corporate clients across India and international markets. The company has built a strong presence in the organized mangalsutra segment, holding around 6% market share in India. With a focus on design innovation, product quality, and a wide distribution network, the company aims to expand its market reach and strengthen its position in the jewellery industry.
New to IPO analysis? You may review our structured guides on how IPO allotment works and IPO subscription meaning to better understand demand and allocation mechanics.
Financials
Key Financial Metrics
EPS Pre IPO
8.47
EPS Post IPO
6.34
P/E Pre
19.47
P/E Post
26.04
ROCE
32.43%
Debt / Equity
0.61
PAT Margin
4.27%
Market Cap
1591.13
Financial figures sourced from official offer documents. Always verify with the RHP.
Issue
IPO Issue Details
Issue Price
₹155 – ₹165
Face Value
₹10
Issue Size
₹400.95 Cr
Fresh Issue
₹400.95 Cr
Listing At
NSE,BSE
Lead Manager
Choice Capital Advisors Pvt.Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
Lot Size
90
For category-wise quota breakdown such as QIB, HNI, and Retail allocation, refer to our IPO quota structure explanation.
Investors
Anchor Investors
Kotak Mahindra Life Insurance Company Limited, Maybank Securities Pte Ltd, Plutus Investment Trust - Plutus Equity Investments Series, Founders Collective Fund, North Star Opportunities Fund VCC - Bull Value Incorporated VCC Sub-Fund, Societe Generale - ODI, Mint Focused Growth Fund PCC-Cell 1, Aidos India Fund Limited, NAV Capital VCC - NAV Capital Emerging Star Fund, Rajasthan Global Securities Private Limited, Astrone Capital VCC Arven, Jalan Chemical Industries Private Limited, Shine Star Build-Cap Private Limited, Sunrise Investment Trust - Sunrise Investment Opportunities Fund
GMP (Grey Market Premium)
GMP Overview
₹21
Updated —
+12.7% over issue price
GMP is unofficial and indicative only. It does not guarantee listing price or returns.
GMP is unofficial and indicative. To understand interpretation logic and limitations, read our IPO Grey Market Guide or begin with what IPO GMP means.
Trend
GMP Trend
No GMP data yet. Updates will appear once available.
Investment
Market Lot Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | 14850 |
| Retail (Max) | 13 | 1170 | 193050 |
| sNII (Min) | — | — | — |
| bNII (Min) | — | — | — |
| sNII (Max) | 67 | 6030 | 994950 |
| bNII (Max) | — | — | — |
Investors can bid in multiples of the lot size. Final investment depends on the cutoff price.
Valuation
IPO Valuation Metrics
EPS Pre IPO
8.47
EPS Post IPO
6.34
P/E Pre
19.47
P/E Post
26.04
ROCE
32.43%
Debt/Equity
0.61
RoNW
—
PAT Margin
4.27%
Market Cap
1591.13
Contacts
Company & Registrar Details
Company Address: 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: MUFG Intime India Pvt.Ltd.
Registrar Phone: +91-22-4918 6270
Registrar Email: shringarhouse.ipo@linkintime.co.in
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Issue Summary
Objectives of Issue
- Funding working capital requirements of the company.
- Repayment and/or prepayment of certain borrowings.
- General corporate purposes.
Ownership
Promoter Holdings
Pre Issue
99.99%
Post Issue
74.8%
Allocation
Reservation Details
QIB
49.96
NII
14.99
RII
34.97
Employee
0.08
Documents
Important Links
Performance
Listing Performance
Listing Exchange
NSE,BSE
Listing Price
₹188.5
Listing Gain
14.242424242424242%
Qualitative Factors
Strengths & Risks
Company Strengths
- Strong presence in the mangalsutra jewellery segment with a focused niche market.
- Wide product portfolio with a large number of designs catering to diverse customer preferences.
- Established distribution network across domestic and international markets.
- In-house design capabilities supported by skilled artisans ensuring quality and innovation.
- Long-standing relationships with wholesalers, retailers, and institutional clients.
Company Risks
- High dependence on gold prices, which are volatile and directly impact margins.
- Limited product diversification with primary focus on mangalsutra segment.
- Highly competitive jewellery industry with both organized and unorganized players.
- Dependence on B2B clients may lead to revenue concentration risk.
- Regulatory risks related to gold policies, taxation, and hallmarking norms.
- Any slowdown in consumer demand for jewellery may affect business performance.
Schedule
Timeline
Open Date
2025-09-10
Close Date
2025-09-12
Allotment Date
2025-09-15
Refund Date
2025-09-16
Listing Date
2025-09-17
Legal Disclaimer
Information is sourced from publicly available exchange filings and company offer documents. GMP is unofficial and indicative. IPOCraft does not provide investment advice.
Subscription
Live Subscription Details
| Day | QIB | NII | sNII (< ₹10L) | bNII (> ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| 19-09-2025 16:45 | —x | —x | —x | —x | —x | 60.31x |
Subscription Progress
Subscription data sourced from exchange updates. Values represent times subscribed (x).
Learn how subscription categories are allocated by reading our guide on QIB, HNI and Retail IPO quota structure.
If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.
Application
How to Apply
UPI Method (ASBA)
Log in to your broker's app or net banking, navigate to the IPO section, select this IPO, enter lot quantity, and authorise via UPI mandate. Funds are blocked, not debited, until allotment.
ASBA via Net Banking
Log in to your bank's net banking portal, go to the IPO / ASBA section, fill in the bid details, and submit. Your bank will block the required amount automatically.
Allotment & Refund
Allotment status is typically available within 6 days of the IPO close date. Refunds for unallotted bids are credited within 2 working days post allotment.
You may also review the complete IPO allotment process explanation to understand lottery mechanics and refund timelines.
Risk Disclosure
Investments in IPOs are subject to market risks. Grey Market Premium (GMP) is unofficial and indicative only — it does not guarantee listing price or returns. Read the official offer documents (DRHP / RHP) and consult a SEBI-registered financial advisor before applying. IPOCraft does not provide investment advice.
Research Before You Apply