Shringar House of Mangalsutra IPO Sees Exceptional Demand, Subscribed 60.31x on Day 3

Shringar House of Mangalsutra Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with Shringar House of Mangalsutra's stock price set at ₹155-165 per share, reflecting outstanding market reception. The ₹400.95 crore IPO reached 60.31 times by 5:04:37 PM on day three, indicating exceptional investor interest in this Mangalsutra manufacturing and design company incorporated in 2009.

Shringar House of Mangalsutra IPO qualified institutional buyers (ex-anchor) segment leads with a remarkable 101.41 times subscription, whilst non-institutional investors demonstrate impressive participation at 82.58 times, and retail investors show strong interest at 27.26 times, reflecting outstanding investor confidence in this company.

IPO subscription status reached an exceptional 60.31 times on day three, led by QIB (Ex-Anchor) (101.41x), NII (82.58x) and Individual/ Retail Investors (27.26x). Total applications reached 23,85,416 as of Day 3 (September 12, 2025, 5:04:37 PM).

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Subscription Status of Shringar House of Mangalsutra IPO:

Shringar House of Mangalsutra IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached an exceptional 60.31 times, showing remarkable improvement from day two's 8.26 times
• Qualified institutional buyers displaying remarkable confidence at 101.41 times, building dramatically from day two's 0.86 times
• Non-institutional investors displaying impressive performance at 82.58 times, building substantially from day two's 14.81 times
• Employees showing impressive performance at 69.81 times, building substantially from day two's 24.07 times
• Retail investors are displaying strong confidence at 27.26 times, building substantially from day two's 9.65 times
• Total applications reached 23,85,416, indicating massive investor participation for this mainboard IPO
• Cumulative bid amount reached ₹16,932.89 crores, significantly exceeding the issue size of ₹400.95 crores

About Shringar House of Mangalsutra Limited

Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India, serving corporate clients, wholesale jewellers, and retailers across 24 states and 4 union territories. The company has expanded internationally to the UK, New Zealand, UAE, USA, and Fiji, serving clients including Malabar Gold Limited, Titan Company Limited, and GRT Jewellers.