Shringar House of Mangalsutra IPO is a book build issue of ₹400.95 crores. The issue is entirely a fresh issue of 2.43 crore shares worth ₹400.95 crore.

Shringar House of Mangalsutra IPO bidding opened on September 10, 2025, and closed on September 12, 2025. The basis of allotment was finalized on September 15, 2025, and the shares will be listed on the BSE and NSE on September 17, 2025.

The Shringar House of Mangalsutra IPO price band was fixed at ₹165 per share, with a lot size of 90 shares. For retail investors, the minimum investment was ₹14,850, while the SNII category required ₹2,07,900 and BNII ₹10,09,800. The issue also included a reservation of 20,000 shares for employees at a discount of ₹15.

Shringar House of Mangalsutra IPO – Overview

• Company: Shringar House of Mangalsutra Ltd., specialising in gold mangalsutras with American diamonds, cubic zirconia, pearls in 18k & 22k gold
• IPO Type: Book-built issue (fresh issue)
• Total Issue Size: ₹400.95 crore (approx. ₹401 crore)
• Shares Offered: 2.43 crore equity shares
• Price Band: ₹155 – ₹165 per share
• Final Offer Price: ₹165 per share
• Lot Size (Retail): 90 shares; minimum investment ₹14,850 at upper band
• Employee Quota: 20,000 shares at ₹15 discount
• Anchor Investors: ₹120 crore raised from anchors including Societe Generale, 72.84 lakh shares allotted
• IPO Dates: Open – September 10, 2025 | Close – September 12, 2025
• Listing Date: September 17, 2025 on NSE & BSE
• Grey Market Premium (GMP): Around ₹26–₹30 per share (15–18% listing gain indication)
• Subscription: Oversubscribed ~60× overall (Retail ~27×, HNI ~82×, QIB ~101×)

Important Dates

Event	Date
IPO Open Date	September 10, 2025
IPO Close Date	September 12, 2025
Basis of Allotment status	September 15, 2025
Refunds / Demat Credit	September 16, 2025
Listing Date	September 17, 2025
Exchanges	BSE & NSE

Subscription Status

Shringar House of Mangalsutra’s IPO saw strong demand from all categories and was subscribed nearly 60 times overall.

• Retail investors subscribed around 27×
• Non-Institutional Investors (HNIs) subscribed around 82×
• Qualified Institutional Buyers (QIBs) subscribed around 101×

This clearly highlights the strong investor confidence in the company.

Company Financials

• FY25 Revenue: ₹1,430 crore (up from ₹1,102 crore in FY24)
• FY25 Profit (PAT): ₹61.11 crore (almost doubled compared to FY24)
• Return on Net Worth (RoNW): ~36.20%
• Post-IPO P/E Ratio: ~26x

The funds raised through the IPO will be primarily used for working capital needs and general corporate purposes.

Grey Market Premium (GMP

According to market reports, the GMP for Shringar House of Mangalsutra IPO is trading in the range of ₹26–₹30.

• This suggests a potential listing price of ₹190-₹195 per share, which implies a 15-18% premium over the issue price of ₹165.

Strengths and Risks

Strengths

• Strong growth in revenue and profitability
• High return ratios (RoNW 36.20%)
• Niche jewellery brand with focus on mangalsutras
• Strong demand from institutional and retail investors

Risks

• Gold price fluctuations can affect margins
• Competition and design imitation risks in the jewellery sector
• Valuation at ~26x P/E may look expensive compared to peers

Conclusion

Shringar House of Mangalsutra’s initial public offering (IPO) was a huge success, with strong financial performance and significant oversubscription. With a strong GMP indicating listing gains, retail investors who received allocations could see short-term gains. However, long-term performance will depend on the company’s ability to manage costs and maintain growth in the competitive jewelry market.