Shringar House of Mangalsutra IPO Description – Shringar House of Mangalsutra is a leading Indian manufacturer specializing exclusively in Mangalsutras—a culturally significant ornament symbolizing marital commitment. With over 15 years of operational experience, it operates from a fully integrated 8,300 sq. ft. manufacturing facility in Mumbai, employing 166 in-house karigars and 22 full-time designers. The company offers over 10,000 active SKUs across 15+ collections in 18k and 22k gold, incorporating stones such as American diamonds, pearls, cubic zirconia, and semi-precious stones.
In Fiscal 2025, Shringar generated INR 1,429.82 crore in revenue, marking a 29.80% growth over Fiscal 2024. Its domestic footprint spans 24 states and 4 union territories, with an international presence in the UK, USA, UAE, New Zealand, and Fiji. Clients include Malabar Gold, Titan, Reliance Retail, and Damas Jewellery. As of 31 March 2025, the company served 34 corporate clients, 1,089 wholesalers, and 81 retailers.
Promoters of Shringar House of Mangalsutra – Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar, and Balraj C Thadeshwar
Table of Contents
Shringar House of Mangalsutra IPO Details
| Shringar House of Mangalsutra IPO Dates | 10 – 12 September 2025 |
| Shringar House of Mangalsutra IPO Price | INR 155 – 165 per share (Employee Discount – INR 15 per share) |
| Fresh issue | 2,43,00,000 shares (INR 376.65 – 400.95 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,43,00,000 shares (INR 376.65 – 400.95 crore) |
| Minimum bid (lot size) | 90 shares (INR 14,850) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Shringar House of Mangalsutra Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 950.22 | 1,101.52 | 1,429.82 |
| Expenses | 919.86 | 1,060.55 | 1,348.32 |
| Net income | 23.36 | 31.11 | 61.11 |
| Margin (%) | 2.46 | 2.82 | 4.27 |
Shringar House of Mangalsutra IPO News
- Shringar House of Mangalsutra RHP
- Shringar House of Mangalsutra DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Shringar House of Mangalsutra Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 3.29 | 4.39 | 8.57 | 6.34 |
| PE Ratio | – | – | 18.09 – 19.25 | 24.45 – 26.03 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 24.84 | 25.65 | 36.20 |
| NAV | 14.90 | 19.29 | 27.84 |
| ROCE (%) | 19.46 | 21.52 | 32.43 |
| EBITDA (%) | 4.09 | 4.61 | 6.48 |
| Debt/Equity | 0.88 | 0.80 | 0.61 |
Shringar House of Mangalsutra IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 16 September 2025 | 30 | – | 2,200 |
| 15 September 2025 | 30 | – | 2,200 |
| 13 September 2025 | 30 | – | 2,200 |
| 12 September 2025 | 30 | – | 2,200 |
| 11 September 2025 | 30 | – | 2,200 |
| 10 September 2025 | 30 | – | 2,200 |
| 9 September 2025 | 25 | – | 1,800 |
| 8 September 2025 | 25 | – | 1,800 |
| 6 September 2025 | 25 | – | 1,800 |
| 5 September 2025 | 25 | – | 1,800 |
Shringar House of Mangalsutra IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company – INR 280 crore
- General corporate purposes
Shringar House of Mangalsutra IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 48,56,000 | 36,42,000 | 84,98,000 | 20,000 | 1,70,16,000 |
| 12 Sep 2025 | 101.41 | 82.58 | 27.18 | 69.81 | 60.27 |
| 11 Sep 2025 | 0.86 | 14.81 | 9.62 | 24.06 | 8.24 |
| 10 Sep 2025 | 0.01 | 2.70 | 2.83 | 8.99 | 2.01 |
72,84,000 shares allotted to anchor investors are not included in these calculations.
Shringar House of Mangalsutra – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Shringar House of Mangalsutra | 26.03 | 6.34 | 36.20 | 27.84 | 1,429.82 |
| Utssav CZ Gold | 28.79 | 7.65 | 44.62 | 20.96 | 340.20 |
| RBZ Jewellers | 34.42 | 5.39 | 14.38 | 51.87 | 327.43 |
Shringar House of Mangalsutra IPO Allotment Status
Shringar House of Mangalsutra IPO allotment status is now available on MUFG Intime’s website. Click on this link to get the allotment status.
Shringar House of Mangalsutra IPO Dates & Listing Performance
| IPO Opening Date | 10 September 2025 |
| IPO Closing Date | 12 September 2025 |
| Finalization of Basis of Allotment | 15 September 2025 |
| Initiation of refunds | 16 September 2025 |
| Transfer of shares to demat accounts | 16 September 2025 |
| Shringar House IPO Listing Date | 17 September 2025 |
| Opening Price on NSE | INR 188.50 per share (up 14.24%) |
| Closing Price on NSE | INR 184.88 per share (up 12.05%) |
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Shringar House of Mangalsutra Offer Lead Manager
CHOICE CAPITAL ADVISORS PRIVATE LIMITED
Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999/7919
Email: [email protected]
Website: www.choiceindia.com
Shringar House of Mangalsutra Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Shringar House of Mangalsutra Contact Details
SHRINGAR HOUSE OF MANGALSUTRA LIMITED
Unit No. B-1, Lower Ground Floor,
Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd,
Bhuleshwar, Mumbai – 400 002, Maharashtra
Phone: +91 90044 29107
Email: [email protected]
Website: www.shringar.ms
Shringar House of Mangalsutra IPO FAQs
How many shares in Shringar House of Mangalsutra IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Shringar House of Mangalsutra Public Offer?
The best way to apply for Shringar House of Mangalsutra public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Shringar House of Mangalsutra IPO GMP today?
Shringar House of Mangalsutra IPO GMP today is INR 30 per share.
What is Shringar House of Mangalsutra kostak rate today?
Shringar House of Mangalsutra kostak rate today is INR NA per application.
What is Shringar House of Mangalsutra Subject to Sauda rate today?
Shringar House of Mangalsutra Subject to Sauda rate today is INR 2,200 per application.