Shringar House of Mangalsutra IPO Subscription Status
Shringar House of Mangalsutra IPO subscribed over 2.01x on its First day till 05.00 PM on 10th September 2025.
- Shringar House of Mangalsutra IPO subscription QIB investors’ portion is 0.01x times, while NII subscribed 2.70x times, and RII investors subscribed 2.84x times.
- The company has received bids for 3,42,40,410 shares against 1,70,16,000 shares on offer on the First day.
- Shringar House of Mangalsutra IPO subscribed over 2.01x times on day 1.
About the 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 a profit of ₹61.11 crores in 2025 against a profit of ₹31.11 crores in 2024.
Shringar House of Mangalsutra IPO GMP
Shringar House of Mangalsutra IPO GMP was ₹31 as of Wednesday, 10th September. That indicates the IPO is trading at ₹196 with a ₹31 premium in the grey market against the issue price of ₹165.
