Shringar House of Mangalsutra IPO Sees Strong Demand, Subscribed 8.26x on Day 2

Shringar House of Mangalsutra Limited's initial public offering (IPO) has demonstrated robust investor interest through its second day of subscription, with Shringar House of Mangalsutra's stock price set at ₹155-165 per share reflecting strong market reception. The ₹400.95 crore IPO reached 8.26 times by 5:04:38 PM on day two, indicating strong investor interest in this Mangalsutra manufacturing and design company incorporated in 2009.

Shringar House of Mangalsutra IPO non-institutional investors segment leads with impressive 14.81 times subscription, whilst retail investors demonstrate strong participation at 9.65 times and qualified institutional buyers (ex-anchor) show limited interest at 0.86 times, reflecting mixed investor confidence in this company.
 

Subscription Status of Shringar House of Mangalsutra IPO:

Here are the subscription details for Shringar House of Mangalsutra IPO as of Day 2 (September 11, 2025, 5:04:38 PM):

Shringar House of Mangalsutra IPO Reservation

Key Highlights - Day 2:

• Overall subscription reached strong 8.26 times, showing substantial improvement from day one's 2.01 times
• Employees showing impressive performance at 24.07 times, building dramatically from day one's 8.99 times
• Non-institutional investors displaying impressive performance at 14.81 times, building substantially from day one's 2.70 times
• Retail investors displaying strong confidence at 9.65 times, building substantially from day one's 2.84 times
• Qualified institutional buyers showing limited growth at 0.86 times, building substantially from day one's 0.01 times
• Total applications reached 8,30,757, indicating substantial investor participation for this mainboard IPO
• Cumulative bid amount reached ₹2,319.83 crores, significantly exceeding the issue size of ₹400.95 crores

Shringar House of Mangalsutra IPO - Key Highlights - Day 1:

• Employees are demonstrating exceptional confidence at 8.99 times, reflecting strong confidence in the company's prospects among its workforce
• Retail investors are displaying moderate confidence at 2.84 times, showing positive retail sentiment for the jewellery sector opportunity
• Non-institutional investors are showing moderate performance at 2.70 times, with measured HNI participation
• Qualified institutional buyers (ex-anchor) showed minimal performance at 0.01 times, indicating very limited institutional appetite on opening day
• Total applications reached 2,41,084, indicating reasonable investor participation for this mainboard IPO
• Cumulative bid amount reached ₹564.97 crores, exceeding the issue size of ₹400.95 crores

About Shringar House of Mangalsutra 

Incorporated in 2009, Shringar House of Mangalsutra Limited is an Indian Mangalsutra manufacturing and designing company engaged in creating diverse collections featuring various stones like American diamonds, cubic zirconia, pearls and semi-precious stones using 18k and 22k gold, serving corporate clients, wholesale jewellers and retailers across 24 states and 4 union territories with international presence in U.K., New Zealand, UAE, USA and Fiji.