Shringar House of Mangalsutra IPO Details
The Indian IPO market continues to offer diverse investment opportunities, and the upcoming public offering from Shringar House of Mangalsutra Limited has captured the attention of investors. As a specialized player in the traditional Indian jewelry segment, the company is set to go public with a significant fresh issue. This blog post provides a comprehensive review of the Shringar House of Mangalsutra IPO, covering key details, financials, and a market outlook to help you make an informed decision.
About Shringar House of Mangalsutra
Founded in 2009, Shringar House of Mangalsutra Ltd. is a Mumbai-based jeweler that focuses exclusively on designing, manufacturing, and marketing mangalsutras. The company's products are crafted in 18k and 22k gold, and often studded with a variety of stones, including American diamonds, pearls, and semi-precious stones. With a strong presence in the Business-to-Business (B2B) segment, the company supplies its products to renowned jewelers like Malabar Gold, Titan, GRT Jewellers, and Reliance Retail. It also has an international footprint, with exports to the UK, UAE, New Zealand, and Fiji. The company holds a notable market share of approximately 6% in India's organized mangalsutra market, according to a CareEdge report.
Shringar House of Mangalsutra IPO Details
The Shringar House of Mangalsutra IPO is a book-built issue with a total size of ₹400.95 crore. The entire issue is a fresh issue of 2.43 crore shares, which means that all the funds raised from the IPO will go directly to the company. This is a positive sign for investors, as it indicates the company's commitment to using the capital for its growth and expansion.
Objectives of the IPO
The company intends to use the net proceeds from the IPO for the following purposes:
- Funding the company's working capital requirements (a significant portion of the funds).
- General corporate purposes.
Shringar House of Mangalsutra IPO Date and Price
Here are the crucial dates and pricing details for the IPO:
Key Dates (Tentative)
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Basis of Allotment Finalization | September 15, 2025 |
| Initiation of Refunds | September 16, 2025 |
| Credit of Shares to Demat Account | September 16, 2025 |
| IPO Listing Date | September 17, 2025 |
Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹155 to ₹165 per equity share |
| Minimum Lot Size (Retail) | 90 shares |
| Minimum Investment (Retail) | ₹14,850 (at the upper price band) |
Financial Performance and GMP
Shringar House of Mangalsutra has shown a strong financial performance. Its revenue from operations increased by 30% in FY25, and its Profit After Tax (PAT) nearly doubled, rising by 96% in the same period. The company's financials demonstrate robust growth and profitability. The company has also maintained a manageable debt-to-equity ratio and a high return on net worth (RoNW), making its valuation attractive compared to some of its peers.
The Grey Market Premium (GMP) for this IPO has been a hot topic. A positive GMP indicates that the stock is expected to list at a premium to its issue price, suggesting strong investor demand. While GMP is not an official indicator, a positive sentiment in the grey market often translates to good listing gains.
Shringar House of Mangalsutra IPO Allotment Status
Once the IPO closes, the allotment status will be finalized. The registrar for this issue is MUFG Intime India Pvt. Ltd. You can check the allotment status on the registrar's official website using your PAN number or application number. The shares are expected to be credited to the demat accounts of successful applicants on September 16, 2025, and the refunds for non-allottees will be initiated on the same day.
Disclaimer:
This post is for informational purposes only. Please conduct your own research or consult a financial advisor before investing in any IPO.
Frequently Asked Questions (FAQs)
Shringar House of Mangalsutra is a company that specializes in designing, manufacturing, and marketing mangalsutras, supplying them to both domestic and international jewelers.
The IPO opens on September 10, 2025, and closes on September 12, 2025.
The minimum investment is ₹14,850, which corresponds to one lot of 90 shares at the upper price band.
The shares are proposed to be listed on both the BSE and NSE.
You can check the allotment status on the official website of the registrar, MUFG Intime India Pvt. Ltd., after the allotment is finalized on September 15, 2025.
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