The Shringar House of Mangalsutra IPO minimum market lot is 90 shares with ₹14,850 application amount. The Shringar House of Mangalsutra IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
Business Overview
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Shringar House of Mangalsutra IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01 | 0.86 | 101.41 |
| NII | 2.70 | 14.81 | 82.58 |
| bNII | 2.52 | 13.28 | 83.95 |
| sNII | 3.06 | 17.87 | 79.83 |
| RII | 2.84 | 9.65 | 27.26 |
| Total | 2.01 | 8.26 | 60.31 |
Shringar House of Mangalsutra IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Shringar House of Mangalsutra IPO Review and Rating
- May Apply For Long-term View
Shringar House of Mangalsutra IPO Form
How to apply for the Shringar House of Mangalsutra IPO? You can apply for Shringar House of Mangalsutra IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shringar House of Mangalsutra IPO in the Invest section. The other option is you can apply for Shringar House of Mangalsutra IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
