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Shringar House of Mangalsutra IPO

  • Status: Closed
  • RHP:
  • ₹ 13,950 / 90 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    17 Sep 2025

  • Listing Price

    ₹187.70

  • Listing Change

    13.76%

  • Last Traded Price

    ₹218.76

Shringar House of Mangalsutra IPO Details

  • Open Date

    10 Sep 2025

  • Close Date

    12 Sep 2025

  • Listing Date

    17 Sep 2025

  • IPO Price Range

    ₹ 155 to ₹165

  • IPO Size

    ₹ 400.95 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Shringar House of Mangalsutra IPO Timeline

Shringar House of Mangalsutra IPO Subscription Status

Last Updated: 15 September 2025 11:34 AM by 5paisa

Shringar House of Mangalsutra Limited, launching a ₹400.95 Cr IPO, designs, manufactures, and markets Mangalsutras using 18k and 22k gold with stones such as American diamonds, cubic zirconia, pearls, and semi-precious gems. Serving corporate clients, wholesalers, and retailers across 24 states, 4 union territories, and internationally in the UK, UAE, USA, New Zealand, and Fiji, the company also offers job-work manufacturing. Key clients include Malabar Gold, Titan, GRT Jewellers, Reliance Retail, Joyalukkas, and Damas Jewellery.
 

Established in: 2009
Managing Director:  Mr. Chetan N Thadeshwar

Peers:

Name of the company Shringar House of
Mangalsutra Limited		 Utssav CZ Gold Jewels
Ltd		 RBZ Jewellers Ltd Sky Gold & Diamonds
Ltd
Revenue
from
Operations
(₹ in
Cr)		 1429.82 646.32 530.15 219.38
Face
Value
per
equity
share		 10 10 10 10
P/E [●] 16.85 13.37 28.73
EPS
(Basic)
(₹)		 8.57 11.63 9.7 9.52
EPS
(Diluted)
(₹)		 8.57 11.63 9.7 9.44
RoNW(%) 36.20 30.94 17.15 28.59
NAV
per
equity
share
(₹)		 27.84 53.23 61.26 46.61


 

Shringar House of Mangalsutra Objectives

The company will use ₹280 crores for working capital.
Remaining funds will support general corporate purposes.

Shringar House of Mangalsutra IPO Size

Types Size
Total IPO Size ₹400.95 Cr
Offer For Sale -
Fresh Issue ₹400.95 Cr

Shringar House of Mangalsutra IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 90 13,950
Retail (Max) 13 1,170 1,81,350
S-HNI (Min) 14 1,260 1,95,300
S-HNI (MAX) 66 6,030 9,34,650
B-HNI (Min) 68 6,120 9,48,600

Shringar House of Mangalsutra IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 101.41 48,56,000 49,24,45,710 8,125.35
NII (HNI) 82.58 36,42,000 30,07,42,380 4,962.25
bNII (bids above ₹10L) 83.95 24,28,000 20,38,32,990 3,363.24
sNII (bids below ₹10L) 79.83 12,14,000 9,69,09,390 1,599.00
Retail 27.26 84,98,000 23,16,51,540 3,822.25
Total** 60.31 1,70,16,000 1,02,62,35,800 16,932.89

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 950.21 1101.52 1429.82
EBITDA 38.89 50.77 92.61
PAT 23.36 31.10 61.11
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 211.55 265.00 375.75
Share Capital 8.96 8.96 72.13
Total Borrowings 93.19 110.09 123.11
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 13.07 -14.12 -7.09
Net Cash Generated From / (used in) investing activities -2.89 -1.68 -2.96
Net Cash Generated From / (used in) financing activities -9.08 12.08 8.97
Net Increase (Decrease) In Cash And Cash Equivalents 1.10 -3.73 -1.08


Strengths

1. Strong presence in 24 states and 4 territories.
2. Established relationships with top corporate jewellery clients.
3. Expertise in 18k and 22k gold Mangalsutras.
4. International expansion into UK, UAE, USA, New Zealand.
 

Weaknesses

1. Limited direct retail presence nationwide.
2. Heavy reliance on corporate and wholesale clients.
3. High dependence on gold price fluctuations.
4. Job-work model may limit brand recognition.
 

Opportunities

1. Growing demand for designer Mangalsutras domestically.
2. Expanding online and e-commerce sales channels.
3. Potential to enter new international markets.
4. Collaborations with emerging jewellery brands and designers.
 

Threats

1. Intense competition from established jewellery manufacturers.
2. Changing consumer preferences affecting Mangalsutra designs.
3. Regulatory changes in gold import and taxation.
4. Economic downturns affecting discretionary jewellery spending.
 

1. Strong relationships with top corporate and wholesale clients.
2. Consistent revenue growth over the past three fiscals.
3. Expanding presence in international markets like UAE and UK.
4. Expertise in gold Mangalsutra manufacturing and design.
 

The Mangalsutra industry in India is witnessing steady growth due to rising wedding rates, increasing disposable incomes, and evolving consumer preferences for designer jewellery. With a strong B2B presence and international expansion, Shringar House of Mangalsutra is well-positioned to capitalise on this demand. Its expertise in gold craftsmanship and diverse product range offers significant growth potential both domestically and globally, making it a key player in the organised jewellery segment.
 

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FAQs

Shringar House of Mangalsutra IPO opens from September 10, 2025 to September 12, 2025.
 

The size of Shringar House of Mangalsutra IPO is ₹400.95 Cr.

The price band of Shringar House of Mangalsutra IPO is fixed at ₹155 to ₹165 per share.
 

To apply for Shringar House of Mangalsutra IPO, follow the steps given below:
 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Shringar House of Mangalsutra  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
 
You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Shringar House of Mangalsutra IPO is of 90 Shares and the investment required is ₹14,850.

The share allotment date of Shringar House of Mangalsutra IPO is September 15, 2025
 

The Shringar House of Mangalsutra IPO will likely be listed on September 17, 2025.
 

Choice Capital Advisors Pvt.Ltd is the book running lead manager for Shringar House of Mangalsutra IPO.
 

Shringar House of Mangalsutra plans to utilise the raised capital from the IPO for:
● The company will use ₹280 crores for working capital.
● Remaining funds will support general corporate purposes.