Shringar House of Mangalsutra Limited – IPO
Shringar House of Mangalsutra Limited – IPO Details
| IPO Date | September 10, 2025 to September 12, 2025 |
| Listing Date | September 17, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 155 to ₹ 165 / Share |
| Lot Size | 90 Shares |
| Total Issue Size | 2,43,00,000 shares (Aggregating up to ₹400.95 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,21,32,080 shares |
| Share holding post issue | 9,64,32,080 shares |
| Market Maker portion |
Shringar House of Mangalsutra Limited Timeline (Tentative Schedule)
Shringar House of Mangalsutra Limited IPO opens on September 10, 2025, and closes on September 12, 2025.
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Basis of Allotment | September 15, 2025 |
| Initiation of Refunds | September 16, 2025 |
| Credit of Shares to Demat | September 16, 2025 |
| Listing Date | September 17, 2025 |
| Cut-off time for UPI mandate confirmation | September 12, 2025 |
Shringar House of Mangalsutra Limited IPO Lot Size
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | Rs.14,850 |
| Retail (Max) | 13 | 1,170 | Rs.193,050 |
| S-HNI (Min) | 14 | 1,260 | Rs.207,900 |
| S-HNI (Max) | 67 | 6,030 | Rs.994,950 |
| B-HNI (Min) | 68 | 6,120 | Rs.1,009,800 |
| HNI (Min) |
Shringar House of Mangalsutra Limited IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Shringar House of Mangalsutra Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% |
|
| NII (HNI) Shares Offered | Not less than 15.00% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Shringar House of Mangalsutra Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Shringar House of Mangalsutra Limited
Established in January 2009, Shringar House of Mangalsutra Limited produces and designs Mangalsutra in India.
The company designs, produces, and sells a wide range of Mangalsutras with different stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones, utilising 18k and 22k gold for its business-to-business (B2B) customers.
The company distributes its products to corporate customers, wholesale jewellers, and retailers throughout the country.
The company cater to a diversified customer base, comprising corporate customers, wholesale jewellers, and retailers within India, with operations in 24 states and 4 union territories. The company also ventured globally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025.
The corporate customers of the company in India and overseas include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE), among others.
The company has served 34 corporate customers,1,089 wholesalers, and 81 retailers as of March 31, 2025.
Shringar House of Mangalsutra Limited also produce and export Mangalsutras job-work basis to our Corporate Clients. During Fiscals 2025, 2024, and 2023, The company manufactured a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras, earning revenue of ₹264.83 million, ₹193.24 million and ₹156.47 million, respectively.
The company had 237 employees as of June 30, 2025.
Competitve Strength
Well-established client base and long relationship with the clients.
Innovation in design and product portfolio diversification.
Integrated Factory facility.
Quality control and assurance of Mangalsutras.
Consistently improving financial performance.
Seasoned Promoters and professional management.
Key Performance Indicator
The market capitalization of Shringar House of Mangalsutra IPO is ₹1591.13 Cr.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 32.43% |
| Debt/Equity | 0.61 |
| RoNW | 36.20% |
| P/BV | 5.93 |
| PAT Margin (%) | 4.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.47 | 6.34 |
| P/E (x) | 19.47 | 26.04 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 202,5 that is available in RHP.
Objects of the Issue (Shringar House of Mangalsutra Limited IPO Objectives)
Shringar House of Mangalsutra Limited Contact 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 Phone: +91 90044 29107 Email: [email protected] Website: https://www.shringar.ms/ |
Shringar House of Mangalsutra Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |