Shringar House of Mangalsutra IPO GMP - Live Grey Market Premium

Listed
Shringar House of Mangalsutra IPO

Shringar House of Mangalsutra Ltd., established in 2009, is a specialist in designing and manufacturing Mangalsutras. The company offers a wide range of 18k and 22k gold Mangalsutras, often adorned with American diamonds, cubic zirconia, pearls, and semi-precious stones. Operating on a B2B model, the company caters to a diverse customer base of corporate clients, wholesalers, and retailers, including prominent names like Malabar Gold, Titan, GRT Jewellers, and Reliance Retail in the domestic market, and Goldbox Enterprises and Damas Jewellery internationally.

Issue Price
165
Current GMP
21
GMP %
+12.73
Est. Listing Price
186
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IPO Details

Price Range
₹155.00-165.00
Issue Size
₹400.95 Cr
Lot Size
90 shares
IPO Type
Mainboard
Open Date
10 Sept 2025
Close Date
12 Sept 2025
Allotment Date
15 Sept 2025
Listing Date
17 Sept 2025

GMP Timeline

DateIPO PriceGMPEst. Price% Change
15 Sept 2025Live
165
27
192
+16.36
14 Sept 2025
165
31
196
+18.79
13 Sept 2025
165
31
196
+18.79
12 Sept 2025
165
31
196
+18.79
11 Sept 2025
165
31
196
+18.79
10 Sept 2025
165
29
194
+17.58
9 Sept 2025
165
30
195
+18.18
8 Sept 2025
165
25
190
+15.15
7 Sept 2025
165
24
189
+14.55
6 Sept 2025
165
24
189
+14.55
5 Sept 2025
165
20
185
+12.12
4 Sept 2025
165
25
190
+15.15
3 Sept 2025
165
0
165
0.00
2 Sept 2025
165
0
165
0.00
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Important Notes About Grey Market Premium

Grey Market Premium (GMP) is an unofficial value that indicates investor sentiment before the IPO listing. It is the premium amount at which IPO shares are traded in the grey market before they are officially listed on the stock exchange.

GMP fluctuates based on market conditions and investor sentiment. A positive GMP suggests the market expects the stock to list above its issue price, while a negative GMP suggests it may list below the issue price.

The actual listing price may differ from the estimated price based on GMP due to market conditions on the listing day. GMP is not an official indicator and should not be the sole basis for investment decisions.

IPOwiz updates the GMP values regularly, but these values are sourced from unofficial channels and should be used as a reference only.

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Frequently Asked Questions

What is GMP (Grey Market Premium)?
GMP (Grey Market Premium) is the premium at which IPO shares are traded in the unofficial market before official listing. It indicates market sentiment and expected listing price. A positive GMP suggests strong demand, while negative GMP indicates weak market sentiment.
What is the current GMP for Shringar House of Mangalsutra IPO?
The current GMP for Shringar House of Mangalsutra IPO is ₹21. This represents a 12.73% premium over the issue price of ₹165.
What is the estimated listing price based on current GMP?
Based on the current GMP of ₹21 and issue price of ₹165, the estimated listing price for Shringar House of Mangalsutra IPO is ₹186. However, the actual listing price may differ based on market conditions on 17 September 2025.
How is GMP calculated?
GMP is determined by market demand and supply in the unofficial grey market. It's the difference between the expected listing price and the issue price. Higher GMP indicates strong demand and investor confidence, while lower or negative GMP suggests weak demand.
Is GMP reliable for IPO investment decisions?
GMP provides market sentiment but shouldn't be the sole factor for investment decisions. It's unofficial and can change daily. Consider company fundamentals, financials, market conditions, and your risk appetite before investing. GMP is a reference indicator, not a guarantee.
Can GMP change before listing?
Yes, GMP is highly volatile and can change daily based on market conditions, subscription levels, overall market sentiment, and news about the company. The GMP you see today may be different tomorrow, and it can change until 17 September 2025.
What happens if GMP is negative?
A negative GMP indicates the stock may list below the issue price, suggesting weak market demand. However, actual listing price may differ from GMP predictions, and negative GMP doesn't guarantee a loss.
How does GMP affect IPO subscription?
High GMP often correlates with high subscription rates as investors expect good listing gains. However, this isn't always true. Some IPOs with high GMP may have lower subscription if investors are cautious. GMP reflects market sentiment, which can influence subscription behavior.
What is the estimated profit based on GMP?
For a lot size of 90 shares, the estimated profit based on current GMP of ₹21 is ₹1,890. This is calculated as: Lot Size × GMP × Number of Lots. Note: This is an estimate and actual listing price may vary.