On the last day, the Shringar House of Mangalsutra IPO was subscribed 60.31 times overall, the retail quota 27.26 times, the QIB 101.41 times, and the NII quota 82.58 times, respectively.
Details About Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra got approval from SEBI for an IPO of ₹400.95 crores. This IPO consists entirely of a fresh issue of ₹400.95 crores with a face value of ₹10 each. Moreover, the company has set up a price band between ₹155 to ₹165 per share.
In this IPO, a total of 90 shares were available in 1 lot sizes for the minimum Retail category, and for the maximum retail category, 1,170 shares in 13 lot sizes. S-HNI (Minimum) total of 1,260 shares in a 14-lot size. While B-HNI Minimum, a total of 6,120 shares in a 68-lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,850 and maximum investment of ₹1,93,050.
- Small HNI (S-HNI): Minimum investment of ₹2,07,900.
- B-HNI: Minimum investment of ₹10,09,800.
Subscription Duration of the Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra’s IPO opened on September 10, 2025, and closed on September 12, 2025.
Shringar House of Mangalsutra’s allotment was finalized on September 15, 2025, and the IPO listing is on September 17, 2025.
About Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra Limited, started in January 2009, is a leading company in India that makes and designs mangalsutras. It uses different stones like American diamonds, cubic zirconia, pearls, and semi-precious stones to create a variety of mangalsutras in 18k and 22k gold for its business 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.
Some of the company’s major clients include Malabar Gold, Titan, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE). In FY24, the company served 33 corporate clients, 96 wholesalers, and 832 retailers.
Financial Background of Shringar House of Mangalsutra IPO
In 2025, the company earned ₹56.47 crores in revenue, up from ₹36.73 crores in 2024. Its profit also grew to ₹12.14 crores in 2025, more than double the ₹5.49 crores profit from 2024.
