Shringar House Of Mangalsutra Limited IPO
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).
Price Band₹155 - ₹165 |
Dates10 Sep - 12 Sep |
GMP₹21 (12.73%) |
Subscriptions60.29 times |
Issue Size₹400.95 Crs |
Shringar House Of Mangalsutra IPO Key Dates
Opening Date
10 Sep 25
Closing Date
12 Sep 25
Basis Of Allotment
15 Sep 25
Initiations Of Refund
16 Sep 25
Credit Of Shares
16 Sep 25
Listing Date
17 Sep 25
Shringar House Of Mangalsutra IPO Objects
- Funding Working Capital requirements of our Company
- General Corporate purposes
Shringar House Of Mangalsutra IPO Details
Price Band₹155 - ₹165 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹400.95 Cr (2.43 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹400.95 Cr (2.43 Cr Shares) |
Face Value₹10 per equity share |
Shringar House Of Mangalsutra IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
90
14,850
Maximum
13
1,170
1,93,050
|
|||
| Small HNI |
Minimum
14
1,260
2,07,900
Maximum
67
6,030
9,94,950
|
|||
| Big HNI |
Minimum
68
6,120
10,09,800
|
|||
Shringar House Of Mangalsutra IPO Subscription
Updated as on 12-Sep-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 101.41 | 48,56,000 | 49,24,45,710 |
| NII | 82.58 | 36,42,000 | 30,07,73,430 |
| bNII (bids above ₹10L) | 83.95 | 24,28,000 | 20,38,32,990 |
| sNII (bids between ₹2L to ₹10L) | 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 |
Shringar House Of Mangalsutra IPO GMP
The estimated Grey Market Premium of Shringar House Of Mangalsutra IPO is ₹21 per share (12.73%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | 20000 EQ Shares |
Shringar House Of Mangalsutra IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Shringar House Of Mangalsutra IPO Peer Comparision
| 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
Shringar House Of Mangalsutra IPO Peer Comparision
| Particulars | Shringar |
|---|---|
| Revenue from Ops (in Crs.) | 1,429.82 |
| PAT (In Crs.) | 61.11 |
| EPS - Basic | 8.57 |
| NAV per share | 27.84 |
| RONW | 36.20% |
| EBITDA | 6.48% |
| PAT Margin | 4.27% |
| Price to earning (PE) | 19.25 |
| Debt to Equity | 0.61 |
| Utsaav CZ | RBZ Jewellers | Sky Gold |
|---|---|---|
| 646.32 | 530.15 | 3,548.02 |
| 38.80 | 132.66 | 25.06 |
| 11.63 | 9.70 | 9.52 |
| 53.23 | 61.26 | 46.61 |
| 30.94% | 17.15% | 28.59% |
| 12.24% | 6.46% | 6.24% |
| 7.32% | 3.74% | 3.88% |
| 16.85 | 13.37 | 28.73 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Chetan Thadeshwar | 55.82% |
| Mamta Thadeshwar | 28.91% |
| Viraj Thadeshwar | 7.63% |
| Balraj Thadeshwar | 7.63% |
| Total | 99.99% |
Management Details
| Name | Designation |
|---|---|
| Chetan Thadeshwar | Chairman & MD |
| Viraj Thadeshwar | CEO |
| Ritesh Doshi | CFO |
Company Details
Name: Shringar House of Mangalsutra Limited
Address: Unit No. B-1, Lower Ground Floor, Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd, Bhuleshwar, Mumbai – 400 002, Maharashtra, India
Number: +91 90044 29107
Email: cs@shringar.ms
Website: www.shringar.ms
Book Running Lead Managers (BRLMs)
RTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shringar House Of Mangalsutra IPO is a Mainboard IPO having an issue size of Rs. ₹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.
Shringar House Of Mangalsutra IPO opens on 10 Sep 25 and closes on 12 Sep 25.
The estimated Grey Market Premium of Shringar House Of Mangalsutra IPO is ₹21 per share (12.73%).
The minimum lot size of Shringar House Of Mangalsutra IPO is 90 shares & the minimum application amount is Rs. 14850.
The allotment date of Shringar House Of Mangalsutra IPO is 15 Sep 25.
The listing date of Shringar House Of Mangalsutra IPO is 17 Sep 25.
Shringar House Of Mangalsutra IPO is subscribed 60.29 times.
Shringar House Of Mangalsutra IPO is priced at ₹155 - ₹165 per share.
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