Shringar House of Mangalsutra IPO

Shringar House of Mangalsutra IPO

Listed

MainboardOpens 10 September 2025Closes 12 September 2025

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…

Show more
Live GMPSubscriptionAllotment
Price band
₹155.00 - 165.00
Issue size
₹400.95 Cr
Lot size
90 shares
Type
Mainboard
GMP
₹21 (+12.7%)
Est. listing
₹186
Est. profit / app
₹1,890
Retail quota
—

Key ratios

As per RHP / filings
Face value
₹10
EPS
6.34
P/E ratio
26.04
RoNW
36.2%
ROE
30.42%
Debt / Equity
0.61
Advertisement

Timeline

IPO Opens

10 Sept

IPO Closes

12 Sept

Allotment

15 Sept

Listing

17 Sept

IPO Timeline & Listing Details

EventDate
IPO Open Date10 September 2025
IPO Close Date12 September 2025
Allotment Date15 September 2025
Listing Date17 September 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,850
Retail (Max)Just less than ₹2,00,000
13₹1,93,050
SHNI (Min)Just above ₹2,00,000
14₹2,07,900
SHNI (Max)Below ₹10,00,000
67₹9,94,950
BHNIAbove ₹10,00,000
68₹10,09,800

IPO Objectives

  • Funding Working Capital requirements of the Company.
  • General Corporate purposes.

Strengths

  • The company has an established client base and long-standing relationships with major corporate customers and retailers, providing a stable business foundation.
  • It boasts design innovation and a diversified product portfolio of over 10,000 active SKUs, catering to a wide range of customer preferences.
  • The integrated manufacturing facility with in-house designers and artisans ensures quality control and efficient production, with all its mangalsutras being BIS-hallmarked for purity.
  • The business has shown continuously improving financial performance, with a 30% increase in revenue and a 96% increase in profit after tax (PAT) in FY25.
  • Its B2B business model provides a more stable revenue stream compared to a purely retail-focused business, reducing market volatility.

Weaknesses

  • The company is highly dependent on gold prices, which are subject to global fluctuations that can significantly impact its profitability and inventory value.
  • The business is working capital intensive, with a significant portion of the IPO proceeds (₹280 crore) being used to meet these operational needs.
  • The massive 96% increase in profit after tax in FY25 raises questions about its sustainability and may be seen as a one-off event rather than a long-term trend.
  • The company faces intense competition in the highly fragmented gems and jewelry industry, which can lead to pricing pressures and affect profit margins.
  • There are significant discrepancies in key financial metrics like P/E and RoNW, which could be a point of concern for investors during the valuation process.
Advertisement

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)375.75265211.55
Revenue (₹ Cr.)1,430.121,102.71951.29
PAT (₹ Cr.)61.1131.1123.36
Net Worth (₹ Cr.)200.85136.85105.72

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Shringar House of Mangalsutra5.9326.0436.2%200.85
Utssav CZ Gold Jewels3.3817.1219.76%35.22
RBZ Jewellers2.2314.8515.83%245

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.01x0.86x101.41x
NII2.7x14.81x82.58x
S-HNI3.06x17.87x79.83x
B-HNI2.52x13.28x83.95x
RII2.84x9.65x27.26x
EMP8.99x24.07x69.81x
Total2.01x8.26x60.31x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB48,56,00049,24,45,7108,125.35
NII36,42,00030,07,42,3804,962.25
Small NII12,14,0009,69,09,3901,599
Big NII24,28,00020,38,32,9903,363.24
RII84,98,00023,16,51,5403,822.25
EMP20,00013,96,17023.04
Total1,70,16,0001,02,62,35,80016,932.89
Advertisement

Company Details

  • Shringar House of Mangalsutra Ltd.
  • Unit No. B-1, Lower Ground Floor, Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd, Bhuleshwar, Mumbai, Maharashtra-400002
  • +91 90044 29107
  • cs@shringar.ms
  • https://www.shringar.ms/

Registrar Details

Frequently Asked Questions

See live numbers on GMP, Subscription, and Allotment pages.

Shringar House of Mangalsutra IPO News & Updates

Follow the latest updates for Shringar House of Mangalsutra IPO, including grey market moves and allotment news.

Shringar House of Mangalsutra IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Shringar House of Mangalsutra IPO Details

Issue size, price, financials, and company info

Shringar House of Mangalsutra IPO GMP

Live grey market premium and listing estimate

Shringar House of Mangalsutra IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Shringar House of Mangalsutra IPO Allotment

Allotment date, chances, and check by PAN

Shringar House of Mangalsutra IPO Review

SWOT, strengths, risks, and IPO review

Shringar House of Mangalsutra IPO FAQ

Common questions on dates, GMP, and allotment

Shringar House of Mangalsutra IPO Registrar

Registrar website and how to check allotment

Shringar House of Mangalsutra IPO Timeline

Open, close, allotment, and listing dates

Shringar House of Mangalsutra IPO News

Updates, blogs, and latest IPO news

Sources

We match Shringar House of Mangalsutra IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...