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  1. Shringar House of Mangalsutra IPO fully booked on day 1: Check price band, lot size, and all you need to know

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Shringar House of Mangalsutra IPO fully booked on day 1: Check price band, lot size, and all you need to know

Kamal Joshi

3 min read | Updated on September 10, 2025, 13:10 IST

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SUMMARY

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.

Shringar House of Mangalsutra Ltd is amongst the leading and specialised designers and manufacturers of Mangalsutra in India. | Image: Shringar.ms

Shringar House of Mangalsutra Ltd is amongst the leading and specialised designers and manufacturers of Mangalsutra in India. | Image: Shringar.ms

Shringar House of Mangalsutra IPO: Jewellery firm Shringar House of Mangalsutra Ltd's initial public offering was fully subscribed on Wednesday, September 10. The issue will end on Friday, September 12.

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.

The funds generated are intended to be used for supporting working capital requirements and general corporate purposes.

Shringar House of Mangalsutra IPO day 1 live: Subscription status

CategorySubscription Status (as of 1:10 pm)
Qualified Institutional Buyers (QIBs)--
Non-Institutional Investors1.13 times
Retail Investors1.52 times
Total1.01 times

Shringar House of Mangalsutra IPO: Price band and lot size

The price band is fixed at ₹155 to ₹165 per share, and a lot consists of 90 shares.

Half of the net offer is reserved for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

Before the IPO, the company raised ₹120.18 crore from anchor investors, including Kotak Mahindra Life Insurance Company, Maybank Securities Pte Ltd - ODI, AIDOS India Fund Limited, Societe Generale - ODI, Founders Collective Fund, and Nav Capital VCC.

Shringar House of Mangalsutra IPO timeline: Allotment and listing dates

EventDate
Subscription periodSeptember 10 to September 12
Basis of allotmentSeptember 15
Initiation of RefundsSeptember 16
Credit of Shares to DematSeptember 16
Listing dateSeptember 17

Choice Capital Advisors is the only book-running lead manager of the IPO, while MUFG Intime India serves as the registrar.

Shringar House of Mangalsutra Ltd manufactures a diverse range of mangalsutras fitted with stones like American diamonds, pearls, mother-of-pearl, cubic zirconia, and semi-precious stones, crafted in 22k and 18k gold. It primarily serves its business-to-business (B2B) clients.

Shringar House of Mangalsutra IPO GMP

According to investorgain.com and media reports, Shringar House of Mangalsutra' unlisted shares are trading at ₹195 per share, reflecting a grey market premium, or GMP, of 18.18% over the upper price band of ₹165.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.