Shringar House Of Mangalsutra Limited IPO

Shringar House Of Mangalsutra Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹155 - ₹165

Total Issue

₹400.95 Cr

Bid Dates

10 Sep - 12 Sep

Subscription

60.29x

Est. GMP

₹21 (12.73%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Shringar House of Mangalsutra is among the leading and specialized designers and manufacturers of Mangalsutra in India (Source: CareEdge Report). It is engaged in designing, manufacturing, and marketing a wide range of Mangalsutra crafted in 18k and 22k gold, studded with stones such as American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, catering primarily to B2B clients. In CY23, the Company accounted for approximately 6% of the organized Mangalsutra market in India (Source: CareEdge Report).

Lot Info

Lot Information for Shringar House Of Mangalsutra IPO
Category Lots Shares Amount
Retail (Min) 1 90 ₹14,850
Retail (Max) 13 1,170 ₹1,93,050
S-HNI (Min) 14 1,260 ₹2,07,900
S-HNI (Max) 67 6,030 ₹9,94,950
B-HNI (Min) 68 6,120 ₹10,09,800

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
20000 EQ Shares
Shareholder
₹0.00

Issue Size

Total ₹400.95 Cr
Fresh Issue
₹400.95 Cr (2.43 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

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

Grey Market Premium

GMP ₹21
Est. Price ₹186
Est. Gain 12.73%

Shringar House Of Mangalsutra IPO Peer Comparison

(Rs. in crores)

Shringar House Of Mangalsutra IPO Peer Comparison Table
Particulars Shringar Utsaav CZ RBZ Jewellers Sky Gold
Revenue from Ops (in Crs.) 1,429.82 646.32 530.15 3,548.02
PAT (In Crs.) 61.11 38.80 132.66 25.06
EPS - Basic 8.57 11.63 9.70 9.52
NAV per share 27.84 53.23 61.26 46.61
RONW 36.20% 30.94% 17.15% 28.59%
EBITDA 6.48% 12.24% 6.46% 6.24%
PAT Margin 4.27% 7.32% 3.74% 3.88%
Price to earning (PE) 19.25 16.85 13.37 28.73
Debt to Equity 0.61 0.37 0.92 1.03
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 8, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shringar House Of Mangalsutra IPO
Particulars Mar-25 Mar-24 Mar-23 Mar-22
Revenue from Operations 1,429.82 1,101.52 950.22 810.19
Profit after Tax 61.11 31.11 23.36 20.27
Net Worth 200.85 136.85 105.72 82.36
Total Borrowing 123.11 110.09 93.19 97.80
Total Assets 375.75 265.00 211.55 195.47
NAV per share (in ₹) 27.84 19.29 14.90 11.61
EPS - Basic (in ₹) 8.57 4.39 3.29 2.86

KPIs

EBITDA

6.48%

PAT

4.27%

RONW

36.20%

ROCE

31.44%

Debt to Equity

0.61

PE Ratio

19.25

PB Ratio

5.93

Mkt Cap (in Crs.)

1,591.13

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

99.99%

Public

0.01%

Chetan Thadeshwar 55.82%
Mamta Thadeshwar 28.91%
Viraj Thadeshwar 7.63%
Balraj Thadeshwar 7.63%

Management

Chetan Thadeshwar Chairman & MD
Viraj Thadeshwar CEO
Ritesh Doshi CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

Choice Capital Advisors Choice Capital Advisors

Subscription Status

Updated as on 12-Sep-2025 19:00:00

Mainboard Subscription Status for Shringar House Of Mangalsutra IPO
Category Sub (x) Offered Bids
QIB 101.41 48,56,000 49,24,45,710
NII 82.58 36,42,000 30,07,73,430
bHNI 83.95 24,28,000 20,38,32,990
sHNI 79.85 12,14,000 9,69,40,440
Retail 27.22 84,98,000 23,12,98,470
Employee 69.90 20,000 13,98,060
Total 60.29 1,70,16,000 1,02,59,15,670

Frequently Asked Questions

What is Shringar House Of Mangalsutra IPO?
Shringar House Of Mangalsutra IPO is a Mainboard IPO having an issue size of ₹400.95 Crs. Shringar House Of Mangalsutra IPO is priced at ₹155 - ₹165 per share. The issue opens on 10 Sep 25 and closes on 12 Sep 25.
When will Shringar House Of Mangalsutra IPO open?
Shringar House Of Mangalsutra IPO opens on 10 Sep 25 and closes on 12 Sep 25.
What is the GMP of Shringar House Of Mangalsutra IPO?
The estimated Grey Market Premium of Shringar House Of Mangalsutra IPO is ₹21 per share (12.73%).
What is the lot size of Shringar House Of Mangalsutra IPO?
The minimum lot size of Shringar House Of Mangalsutra IPO is 90 shares & the minimum application amount is Rs. 14850.
When is the allotment of Shringar House Of Mangalsutra IPO?
The allotment date of Shringar House Of Mangalsutra IPO is 15 Sep 25.
What is the listing date of Shringar House Of Mangalsutra IPO?
The listing date of Shringar House Of Mangalsutra IPO is 17 Sep 25.
What is the subscription of Shringar House Of Mangalsutra IPO?
Shringar House Of Mangalsutra IPO is subscribed 60.29 times.
What is the price band of Shringar House Of Mangalsutra IPO?
Shringar House Of Mangalsutra IPO is priced at ₹155 - ₹165 per share.
How to check allotment status of Shringar House Of Mangalsutra IPO?
Click the allotment link on Shringar House Of Mangalsutra IPO page of IPO360.
How to apply Shringar House Of Mangalsutra IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shringar House Of Mangalsutra IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shringar House Of Mangalsutra IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shringar House Of Mangalsutra IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date