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  5. Shringar House of Mangalsutra IPO subscribed over 60 times day 3: Check allotment date and steps

Market News

Shringar House of Mangalsutra IPO subscribed over 60 times day 3: Check allotment date and steps

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 12, 2025, 18:43 IST

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SUMMARY

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.

Incorporated in 2009, Shringar House of Mangalsutra makes 18k and 22k gold mangalsutras. | Image: shringar.ms

Incorporated in 2009, Shringar House of Mangalsutra makes 18k and 22k gold mangalsutras. | Image: shringar.ms

Shringar House of Mangalsutra IPO: The initial public offering of jewellery maker Shringar House of Mangalsutra concluded on Friday, September 12.

The initial share sale, 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.

The money generated will be used for general corporate purposes and working capital requirements.

The minimum application size is one lot, which consists of 90 shares.

Shringar House of Mangalsutra IPO day 3: Subscription status

The offer has secured bids for 1,02,59,15,670 shares compared to 1,70,16,000 shares on offer, translating to a 60.29 times subscription on Friday, September 12, the final day of bidding.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)101.41 times
Non-Institutional Investors82.58 times
Retail Investors27.22 times
Total60.29 times

Incorporated in 2009, Shringar House of Mangalsutra makes 18k and 22k gold mangalsutras adorned with precious and semi-precious stones.

The company holds about 6% market share in the organised Mangalsutra market in India as of 2023, according to the RHP citing a CareEdge report.

Shringar House of Mangalsutra IPO allotment date

Shringar House of Mangalsutra IPO's basis of allotment is expected to be finalised on Monday, September 15, with details being available on NSE, BSE and MUFG Intime India.

BUZZING | Urban Company IPO day 3: Check live subscription status, allotment date and steps

How to check Shringar House of Mangalsutra IPO allotment on MUFG Intime India

Steps to check Shringar House of Mangalsutra IPO allotment on NSE

Shringar House of Mangalsutra IPO allotment on BSE; check full steps

  • Head to the bid finalisation page of BSE: https://bseindia.com/investors/appli_check.aspx
  • Select ‘Equity’ as the issue type
  • Choose ‘Shringar House of Mangalsutra Ltd’ from the 'Issue Name' list
  • Add either your PAN or IPO application number
  • Press the 'Search' button

Shringar House of Mangalsutra IPO GMP

According to investorgain.com and media reports, unlisted shares of Shringar House of Mangalsutra are trading at ₹196 per share, reflecting a grey market premium, or GMP, of 18.79% 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.