Shringar House IPO Details
| IPO Open Date: | September 10, 2025 |
| IPO Close Date: | September 12, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹155 to ₹165 Per Share |
| Issue Size: | Approx ₹400.95 Crores |
| Fresh Issue: | Approx ₹400.95 Crores |
| Lot Size: | 90 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Employee Discount | ₹15.00 |
| DRHP Draft Prospectus: |  |
| RHP Draft Prospectus: | |
Shringar House IPO Review & Key Points
- Review: The company looks good with the strong finance with doubled PAT in 2025. The revenues also jumped but the gold rates are going high rapidly and the seasonal effect might be there. Still its a good bet for a long term.
- The strong financial growth shows in last few years with increase PAT looks strong doubled in 2025.
- Company has 6% of the market share in Mangalsutra market serving to clients like Titan, Malabar Gold, Reliance, Joyalukkas, and more.
- They have inhouse design and manufacturing facility that serves high quality products.
- Product portfolio includes 15+ collections, and 10,000+ SKUs.
- Company serving corporate clients, wholesalers, and retailers in India includes 24 states & 4 Union Territories. They also have presence in global markets like UK, UAE, USA, New Zealand, and Fiji.
- The company depends on single product and also have single production facility.
- The jewellery demand is seasonal so it might affect the off season, consumer sentiment and economic downturns.
Shringar House of Mangalsutra IPO Market Lot
The Shringar House of Mangalsutra IPO minimum market lot is 90 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 1,170 shares of ₹1,93,050 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 90 | ₹14,850 |
| Retail Maximum | 13 | 1,170 | ₹1,93,050 |
| S-HNI Minimum | 14 | 1,260 | ₹2,07,900 |
| B-HNI Minimum | 68 | 6,120 | ₹10,09,800 |
IPO Reservation
| Investor Category | Share Offered | % Share |
| QIB Shares Offered | 1,21,40,000 Shares | 49.96% |
| Anchor Investor | 72,84,00 Shares | 29.98% |
| QIB (Ex. Anchor) | 48,56,000 Shares | 19.98% |
| NII Shares Offered | 36,42,000 Shares | 14.99% |
| bNII > ₹10L | 24,28,000 Shares | 9.99% |
| sNII < ₹10L | 12,14,000 Shares | 5.00% |
| Retail Shares Offered | 84,98,000 Shares | 34.97% |
| Employee Quota | 20,000 Shares | 0.08% |
Shringar House of Mangalsutra IPO Anchor Investors
| Anchor Bidding Date | September 9, 2025 |
| Anchor Investors List | |
| Shares Offered | 72,84,000 Shares |
| Anchor Size | 120.19 Cr. |
| lock-in period end date 50% shares (30 Days) | October 15, 2025 |
| lock-in period end date 50% shares (90 Days) | December 14, 2025 |
Shringar House of Mangalsutra IPO Dates
The Shringar House of Mangalsutra IPO date is September 10 and the close date is September 12. The Shringar House of Mangalsutra IPO allotment will be finalized on September 15 and the IPO listing on September 17.
| IPO Open Date: | September 10, 2025 |
| IPO Close Date: | September 12, 2025 |
| Basis of Allotment: | September 15, 2025 |
| Refunds: | September 16, 2025 |
| Credit to Demat Account: | September 16, 2025 |
| IPO Listing Date: | September 17, 2025 |
| IPO Bidding Cut-off Time: | September 12, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar and Balraj C Thadeshwar.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 7,21,32,080 | 99.99% |
| Promoter Holding Post Issue | 9,64,32,080 | 74.79% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores | % |
| Funding Working Capital requirements of the Company | 280 | 69.83% |
| General Corporate purposes | 100.23 | 25% |
| Miscellaneous | 20.73 | 5.17% |
About Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra Limited, founded in January 2009, is one of the leading companies that manufactures and designs Mangalsutra in India. The company uses a wide range of stones, like American diamonds, cubic zirconia, pearls, and semi-precious stones, in order to craft a diverse range of mangalsutras in 18k and 22k gold for its B2B clients.
Shringar House of Mangalsutra includes a 12-member design team and 182 in-house Karigars as of December 31, 2024. The company supplies its products across the United Kingdom, New Zealand, the UAE, the USA, and the Republic of Fiji, catering to corporate clients, wholesale jewellers, and retail outlets. Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE) are some major clients of the company. In FY24, it served 33 corporate clients, 96 wholesalers, and 832 retailers.
Shringar House of Mangalsutra IPO Company Financial Report
The company reported revenue of ₹1,430.12 crores in 2025 against ₹1,102.71 crores in 2024. The company reported profit of ₹61.11 crores in 2025 against profit of ₹31.11 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹810.80 | ₹783.48 | ₹20.27 | ₹195.47 |
| 2023 | ₹951.29 | ₹919.86 | ₹23.36 | ₹211.55 |
| 2024 | ₹1,102.71 | ₹1,060.55 | ₹31.11 | ₹265.00 |
| 2025 | ₹1,430.12 | ₹1,348.32 | ₹61.11 | ₹375.75 |
Shringar House of Mangalsutra IPO Valuation – FY2025
Check Shringar House of Mangalsutra IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 36.20% |
| ROCE: | 32.43% |
| EBITDA Margin: | 6.48% |
| PAT Margin: | 4.27% |
| Debt to equity ratio: | 0.61 |
| Earning Per Share (EPS): | ₹8.57 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.20% |
| Net Asset Value (NAV): | ₹27.84 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Utssav CZ Gold Ltd | 11.63 | 16.85 | 30.94% | 53.23 | 646.32 Cr. |
| RBZ Jewellers Ltd | 9.70 | 13.37 | 17.15% | 61.26 | 530.15 Cr. |
| Sky Gold Ltd | 9.52 | 28.73 | 28.59% | 46.61 | 3,548.02 Cr. |
IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt.Ltd.
Company Address
Shringar House of Mangalsutra Ltd.
Unit No. B-1, Lower Ground Floor
Jewel World (Cotton Exch Bldg),
175, Kalbadevi Rd, Bhuleshwar,
Mumbai, Maharashtra, 400002
Phone: +91 90044 29107
Email: [email protected]
Website: https://www.shringar.ms/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/
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Note: The Shringar House of Mangalsutra IPO price band and date are officially announced. The (Shringar House of Mangalsutra IPO grey market premium) will be added to the IPO GMP page as it will start).
