Shringar House of Mangalsutra

Shringar House of Mangalsutra

Mainboard

₹14,850 / 90 Shares

Exp. Premium:20-25(12.12%)
Offer Date:Sep 10, 2025 - Sep 12, 2025

IPO Details

Shringar House of Mangalsutra IPO is priced between ₹155-165 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and MUFG Intime India Pvt Ltd is managing the issue as the registrar.

The IPO bidding period opened on 10 Sep, 2025, and closed on 12 Sep, 2025. The allotment results will be announced on 15 Sep, 2025, with a tentative listing date set for 17 Sep, 2025.

The total issue comprises 2,43,00,000 shares, amounting to ₹400.95 Cr.

Shringar House of Mangalsutra IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Sep 10, 2025 - Sep 12, 202517 Sep, 2025₹10 Per Equity Share₹155-165 per equity share- Shares -BSE, NSE

Shringar House of Mangalsutra IPO Timeline

IPO Open Date
10 Sep, 2025
IPO Close Date
12 Sep, 2025
Basis of Allotment
15 Sep, 2025
Listing Date
17 Sep, 2025

Issue Price

₹155-165 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

MUFG Intime India Pvt Ltd

Market Lot

90 Shares (₹14,850/-)

Lead Manager

Choice Capital Advisors Pvt Ltd

Issue Size

2,43,00,000 shares(aggregating up to ₹400.95 Cr)

Retail Portion

35% (Number of Retail Applications: 94,422 Approx),(Number of S-HNI Applications : 963 Approx),(Number of B-HNI Applications : 1,927 Approx)

Subscription

N/A times

IPO Docs

DRHP

Shringar House of Mangalsutra IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 25375.751430.1261.11200.85123.72123.11
31 Mar 24265.001102.7131.11136.85125.72110.09
31 Mar 23211.55951.2923.36105.7294.6293.19

All values are in ₹ Cr.

Shringar House of Mangalsutra IPO Valuations

EPS PRE IPO

₹8.47/-

EPS POST IPO

₹6.34/-

PE PRE IPO

19.47

PE POST IPO

26.04

ROE

%

ROCE

32.43%

DEBT EQUITY

0.61

RONW

36.20%

PAT MARGIN

4.27%

PRICE TO BOOK VALUE

5.93

About Company

Established in January 2009, Shringar House of Mangalsutra Limited designs and produces Mangalsutra in India. The firm designs, produces, and retails an extensive range of Mangalsutra with different stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones, utilizing 18k and 22k gold for its business-to-business (B2B) customers.

The firm retails its products to corporate clients, wholesale jewellers, and retailers across the country.As of 30th September 2024, the company has also exported its products to nations like the United Kingdom, New Zealand, UAE, USA, and the Republic of Fiji.Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE) are the domestic and international corporate customers of the company, among other entities.

As of September 30, 2024, the company has serviced 31 corporate customers, 76 wholesalers, and 731 retailers. During Fiscal Year 2024, it serviced 33 corporate customers, 96 wholesalers, and 832 retailers.During the six months ended September 30, 2024, and the years 2024, 2023, and 2022, the company converted 638.48 kgs, 1,221.19 kgs, 1,272.11 kgs, and 870.26 kgs of bullion into Mangalsutras with revenues of ₹115.48 million, ₹193.24 million, ₹156.47 million, and ₹99.98 million, respectively.

As of December 31, 2024, the company has an in-house design team consisting of 12 employees dedicated to creating new products aligned with current trends and customers' taste. The company also has 182 in-house Karigars and works with third-party Karigars to address increased market demand

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Shringar House of Mangalsutra IPO - Issue Objectives

  1. Funding Working Capital requirements of our Company
  2. General Corporate purposes
Company Contact Details

Shringar House of Mangalsutra

Unit No. B-1, Lower Ground Floor Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd, Bhuleshwar, Mumbai, Maharashtra, 400002

Phone: +91 90044 29107

Email: cs@shringar.ms

Website: https://www.shringar.ms/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)