IPO - Initial Public Offerings

 SHRINGARMS

  

SHRINGAR HOUSE OF MANGALSUTRA LTD. IPO

10 Sep, 10:00 AM

Issue Open

12 Sep, 05:00 PM

Issue Close

90

Lot Size

₹ 155.00 – ₹ 165.00

Price Range

IPO Issue Details

Issue size 400.95 Cr
Market Price 165.00
Registrar MUFG Intime India Pvt.Ltd
Face Value RS.10 /- Per share
Listing at NSE BSE

About

SHRINGAR HOUSE OF MANGALSUTRA LTD. IPO
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India. The company designs, manufactures, and markets a diverse collection of Mangalsutra featuring various stones like American diamonds, cubic zirconia, pearls, and semi-precious stones, using 18k and 22k gold for its business-to-business (B2B) clients. The company sells its products to corporate clients, wholesale jewellers, and retailers nationwide. The company serve a diverse client base, including corporate clients, wholesale jewellers, and retailers across India, with a presence in 24 states and 4 union territories. In addition, The company expanded internationally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025. The company’s domestic and international corporate clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE), among others As of March 31, 2025, the company has served 34 corporate clients,1,089 wholesalers, and 81 retailers. Shringar House of Mangalsutra Limited also manufacture and supply Mangalsutras on a job-work basis to our Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras, generating revenue of ?264.83 million, ?193.24 million and ?156.47 million, respectively. As ofJune 30, 2025, the company has 237 employees.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 1 90 ₹ 14,850.00
Retail (Max) 13 1170 ₹ 1,93,050.00
S-HNI (Min) 14 1260 ₹ 2,07,900.00
S-HNI (Max) 67 6030 ₹ 9,94,950.00
B-HNI (Min) 68 6120 ₹ 10,09,800.00

IPO TimeLine

Open Date 10-Sep-2025
Close Date 12-Sep-2025
Basis of Allotment Date 15-Sep-2025
Initiation of Refunds 16-Sep-2025
Credit Shares to Demat A/c 16-Sep-2025
IPO Listing Date 17-Sep-2025