Shringar House of Mangalsutra came to market through an IPO that opened on 10 September 2025 and closed on 12 September 2025, and the shares listed on 17 September 2025 on BSE, NSE. The price band was ₹155 to ₹165 per share and one lot was 90 shares, so the minimum application was ₹14,850. The issue size was ₹400.95 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Pvt Ltd was the registrar to the issue, and Choice Capital Advisors Pvt Ltd was the lead manager.
As of 12 September 2025.
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Established in January 2009, Shringar House of Mangalsutra Limited designs and produces Mangalsutra in India. The firm designs, produces, and retails an extensive range of Mangalsutra with different stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones, utilizing 18k and 22k gold for its business-to-business (B2B) customers.
The firm retails its products to corporate clients, wholesale jewellers, and retailers across the country.As of 30th September 2024, the company has also exported its products to nations like the United Kingdom, New Zealand, UAE, USA, and the Republic of Fiji.Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE) are the domestic and international corporate customers of the company, among other entities.
As of September 30, 2024, the company has serviced 31 corporate customers, 76 wholesalers, and 731 retailers. During Fiscal Year 2024, it serviced 33 corporate customers, 96 wholesalers, and 832 retailers.During the six months ended September 30, 2024, and the years 2024, 2023, and 2022, the company converted 638.48 kgs, 1,221.19 kgs, 1,272.11 kgs, and 870.26 kgs of bullion into Mangalsutras with revenues of ₹115.48 million, ₹193.24 million, ₹156.47 million, and ₹99.98 million, respectively.
As of December 31, 2024, the company has an in-house design team consisting of 12 employees dedicated to creating new products aligned with current trends and customers' taste. The company also has 182 in-house Karigars and works with third-party Karigars to address increased market demand
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Shringar House of Mangalsutra raises Rs 120 crore through anchor book before IPO. Anchor book's largest investor was Kotak Mahindra Life Insurance Company that picked up 12.12 lakh shares amounting to Rs 20 crore, followed by Maybank Securities (shares worth Rs 15 crore). Additionally, Plutus Investment Trust, Founders Collective Fund, North Star Opportunities Fund, and Societe Generale purchased shares valued at Rs 10 crore each.
The other institutional participants of the anchor book were Mint Focussed Growth Fund, Nav Capital, Astrone Capital, and Sunrise Investment Trust.
Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar, Balraj C Thadeshwar.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shringar House of Mangalsutra IPO was a ₹400.95 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹155–₹165 per share with a lot size of 90 shares (₹14,850). The IPO was open from September 10 to September 12, 2025 and was subscribed 60.29x. Shares listed on BSE and NSE on September 17, 2025 at ₹188.50, a 14.2% premium to the issue price of ₹165. MUFG Intime India Pvt Ltd is the registrar.
Choice Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Shringar House of Mangalsutra IPO is ₹155 to ₹165 per share.
The lot size of Shringar House of Mangalsutra IPO is 90 shares.
The minimum investment for Shringar House of Mangalsutra IPO is approximately ₹14,850 based on the upper price band.
The allotment date of Shringar House of Mangalsutra IPO is Sep 15, 2025.
Shringar House of Mangalsutra IPO's final recorded GMP before listing was ₹25 per share (a 15% premium over the ₹165 upper price band). The shares listed at ₹188.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
Shringar House of Mangalsutra IPO listed on Sep 17, 2025. It was issued at ₹188.5(NSE) and is currently around ₹280.75 as on 2-Nov-2026 3:30 PM, which is approximately 70.2% versus issue price. The 52-week high is ₹335.48.
You can check Shringar House of Mangalsutra IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shringar House of Mangalsutra IPO allotment status on Rupix for quick and easy access.
₹155 to ₹165 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 90 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,850.
₹14,850, for one lot of 90 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 September 2025 and closed on 12 September 2025.
The basis of allotment was published on 15 September 2025 by MUFG Intime India Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 September 2025 on BSE, NSE.
The issue size was ₹400.95 crore. The fresh issue was 2,43,00,000 shares (aggregating up to ₹400.95 crore).