Shringar House of Mangalsutra

59.90x

subscribed

Shringar House of Mangalsutra

Diamond & Jewellery
listed
₹13,950Min. investment
  1. Pre-apply
    8 Sep
  2. Bid start
    10 Sep
  3. Bid end
    12 Sep
  4. Allotment
    15 Sep
  5. Release of funds
    16 Sep
  6. Demat transfer
    16 Sep
  7. Listing
    17 Sep

About Shringar House of Mangalsutra Limited

SectorDiamond & Jewellery
Price range₹155 – ₹165
IPO type
Regular
Lot size90 shares
Issue size₹400Cr
Red Herring Prospectus
Read
Market Cap
₹1,591CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹1,429CrLower than sector avg
Growth rate3Y CAGR
14.50%Higher than sector avg

Shringar House of Mangalsutra Limited IPO Overview

Shringar House of Mangalsutra Limited IPO date

Shringar House of Mangalsutra Limited IPO will open for subscription on September 10, 2025, and the closing date for the IPO is September 12, 2025. After this, investors are expected to be updated about the allotment status on September 15, 2025. Investors who have been allotted shares can expect them to be credited to their demat account on September 16, 2025. The shares will be listed on the NSE and the BSE on Wednesday, September 17, 2025.

Shringar House of Mangalsutra Limited IPO price band

The IPO includes a fresh issue of shares. The IPO price band has been set between ₹155 to ₹165 per share. Interested investors can choose a price within this band to apply for the IPO. The IPO is a book-building issue, comprising a fresh issue of ₹400.95 crore only. Shringar House of Mangalsutra IPO listing price will be determined on September 17, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Shringar House of Mangalsutra Limited IPO lot size

Shringar House of Mangalsutra Limited IPO details have been declared. The minimum lot size for an application is 90 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹ 400.95 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

Companies in this sector
Titan Company LtdTitan Company Ltd
Kalyan Jewellers India LtdKalyan Jewellers India Ltd
PC Jeweller LtdPC Jeweller Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,429Cr
This sector
₹7,172.77Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
14.50%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹61.1Cr
This sector
₹66.45Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹1,591Cr
This sector
₹7,398.94Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
18.86
This sector
45.82
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.61
This sector
0.57
Compare with companies

Objectives

Working capital
69.83%
General corporate purposes
30.20%

Strength and Weakness

Established client base

The company has over 15 years of operational experience, serving corporate clients, wholesalers, and retailers across 24 states and 4 union territories, along with international clients in the UK, USA, UAE, New Zealand, and Fiji. Its strong associations with reputed names like Malabar Gold, Titan, Reliance Retail, and Joyalukkas provide revenue visibility, industry goodwill, and sustained business growth.

Design innovation and diversified product portfolio

The company offers 15+ collections and 10,000 SKUs, ranging from antique, bridal, traditional, and contemporary styles to unique variants like bracelet and ring Mangalsutras. With a dedicated in-house design team, 166 Karigars, and external collaborators, it continuously innovates to meet diverse tastes, evolving lifestyles, and demographic preferences.

Integrated manufacturing facility

Its 8,300 sq ft manufacturing facility, with an installed capacity of 2,500 kg annually, enables end-to-end production of Mangalsutras. The company combines advanced technology, including CNC machines, laser soldering, and 3D printing, with artisanal expertise from 166 in-house Karigars to deliver precision, intricate designs, and high-quality products.

Quality assurance and control

The company ensures quality and authenticity through multi-stage checks, use of XRF machines and steel pin detectors, and HUID hallmarking by accredited agencies. Its comprehensive testing and inspection processes reinforce client trust and brand reliability, ensuring consistent delivery of high-purity Mangalsutras.

About Shringar House of Mangalsutra Limited

Incorporated in 2009, Shringar House of Mangalsutra Limited is engaged in designing, manufacturing, and marketing of varied range of mangalsutras studded with diverse stones, including American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18k and 22k purity of gold, serving B2B clients. It operates through an integrated manufacturing model, undertaking end-to-end operations from conceptualisation and design to manufacturing and selling products. The company contributed to around 6% of the organised mangalsutra market in India in CY23.
It offers an extensive portfolio of mangalsutras featuring over 15 collections and more than 10,000 active SKUs, designed to suit special occasions such as weddings, festivals, and anniversaries, as well as daily-wear options including antique, bridal, traditional, contemporary, and Indo-western styles. The company's product range includes specialised offerings like "ring Mangalsutras", "bracelet Mangalsutras", "God edition Mangalsutras", and "divine Mangalsutras". Their manufacturing facility is spread over 8,300 sq. ft. and has an installed manufacturing capacity of 2,500 kg per annum as of March 31, 2025.
The company serves a diverse client base, including corporate clients, wholesale jewellers, and retailers across 24 states and 4 UTs in India. As of March 31, 2025, it served 34 corporate clients, 1,089 wholesalers, and 81 retailers and also expanded internationally, serving clients in the United Kingdom, New Zealand, the UAE, the USA, and the Republic of Fiji during the last 3 fiscal years.
Some marquee domestic and international corporate clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers India Private Limited, Reliance Retail Limited, Novel Jewels Limited (Aditya Birla Group), Joyalukkas India Limited, P N Gadgil Jewellers Limited, and others. Malabar Gold Limited is their largest client, contributing 15.31% of revenue from operations in FY25. Domestic revenue constitutes the majority of operations at 98.59% of total revenue in FY25, while export revenue contributed 1.37%. Maharashtra is the largest revenue contributor, accounting for 49.50% of FY25 revenue, while corporate clients, retailers, and wholesalers contributed 33.99%, 54.47% and 11.50% of FY25 revenue, respectively.
India’s domestic jewellery market was valued at ₹4,976 billion in CY23 and is expected to nearly double to ₹11,044 billion by CY32 at an 8.8% CAGR. Regionally, demand is strongest in the South (41% share of jewellery demand), followed by West and Central India (24.6%). The biggest structural driver is the rebound and sustained growth of the wedding economy. Weddings in India surged to 115.5 lakh in CY23 and are projected to reach 180.8 lakh by CY32, growing at a 4.8% CAGR. Policy and trade trends also present medium-term opportunities. Gems & jewellery form ~7% of India’s exports, with the US and UAE being key markets. The CEPA agreement with the UAE has particularly boosted plain gold jewellery exports.
The company plans to establish a pan-India supply chain model through third-party intermediaries by entering into contracts with reputable facilitators to expand into untapped domestic markets. They have identified 42 cities nationwide and entered into arrangements with 11 third-party facilitators to represent them in approaching both existing and potential clients.
Now, Shringar House of Mangalsutra Ltd is launching its initial public offering (IPO), which consists of a fresh issue worth up to ₹400.95 crore. The total issue size of the IPO is ₹400.95 crore. Its shares will be listed on the NSE and BSE.

IPO Analysis

video thumbnail
IPO REVIEW
Shringar House of Mangalsutra
Should you apply?

IPO Subscription Status

Date
QIB
NII
Retail
Total
10-Sep-25
0.0 times (X)
1.34 times (X)
1.44 times (X)
1.01 times (X)
11-Sep-25
0.48X
14.46X
9.69X
8.24X
12-Sep-25
76.26X
80.22X
26.82X
59.9X

Latest News on IPO

news logo
Urban Company, Dev Accelerator, and Shringar House of Mangalsutra IPOs will conclude on Friday, September 12. Their basis of allotments is likely to be finalised on September 15.

3 min read

news logo
Shringar House of Mangalsutra IPO: The Mumbai-based company's initial share sale is exclusively a fresh issue of 2.43 crore equity shares valued at ₹400.95 crore with no offer for sale (OFS) component.

3 min read

news logo
Shringar House of Mangalsutra IPO, with a price band of ₹155 to ₹165 per share, is a fresh issuance of 24,300,000 equity shares totalling ₹401 crore, with no offer for sale (OFS) component.

3 min read

news logo
Shringar House of Mangalsutra IPO allotment: The entire initial public offering was a fresh issuance of 2.43 crore shares, aggregating to ₹400.95 crore. It had a price band of ₹155 to ₹165 per share.

3 min read

news logo
Shringar House of Mangalsutra share price: The IPO was entirely a fresh issue of 2.43 crore equity shares, worth ₹400.95 crore, with no Offer For Sale (OFS) component.

2 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Shringar House of Mangalsutra ?

The issue size of the Shringar House of Mangalsutra is 400 Cr.

What is 'pre-apply' for Shringar House of Mangalsutra ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Shringar House of Mangalsutra shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.