Shringar House of Mangalsutra Ltd.
Shringar House of Mangalsutra IPO is a book-built issue with a total size of ₹400.95 crore. The entire issue consists of a fresh issue of 2.43 crore equity shares, aiming to raise funds for the c ...
The basis of allotment is expected to be finalised on September 15, 2025, and the shares are likely to be listed on NSE and BSE on September 17, 2025. The price band for the issue is set between ₹155 and ₹165 per share, offering investors an entry at different levels.
The minimum application size is 90 shares, making the minimum investment for retail investors ₹14,850 at the upper band. For HNI investors, the minimum lot size is 14 lots, equivalent to 1,260 shares, amounting to ₹2,07,900.
Choice Capital Advisors Private Limited is acting as the book running lead manager, while MUFG Intime India Private Limited has been appointed as the registrar to the issue.
Read moreIPO Timeline
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10 Sep 2025Bidding Starts
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12 Sep 2025Bidding Ends
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15 Sep 2025Allotment Finalization
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16 Sep 2025Refund Date
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16 Sep 2025Demat Date
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17 Sep 2025Listing Date
Shringar House of Mangalsutra Ltd. Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 211.55 Cr | 951.29 Cr | 23.36 Cr |
| 31 Mar 2024 | 265.00 Cr | 1,102.71 Cr | 31.11 Cr |
| 31 Mar 2025 | 375.75 Cr | 1,430.12 Cr | 61.11 Cr |
About Shringar House of Mangalsutra Ltd.
About Shringar House of Mangalsutra Limited
Shringar House of Mangalsutra is among the leading and specialised designers and manufacturers of Mangalsutras in India.
The co ...
These products are offered primarily to business-to-business (B2B) clients, including corporate customers, wholesalers, and retailers across India and abroad.
The company contributed around 6% of the organised Mangalsutra market in India in CY23, reflecting its strong foothold in this niche jewellery segment, with more than 15 collections and over 10,000 active SKUs.
Shringar House of Mangalsutra has established a widespread domestic and international presence. Domestically, it caters to clients across 24 states and 4 union territories, while internationally, it has expanded into the United Kingdom, New Zealand, UAE, USA, and Fiji.
As of March 31, 2025, the company served 34 corporate clients, 1,089 wholesalers, and 81 retailers. It also undertakes job-work manufacturing for its corporate customers. For fiscal 2025, 2024, and 2023, the company processed 1,320.72 kgs, 1,221.19 kgs, and 870.26 kgs of bullion, generating revenues of ₹264.83 million, ₹193.24 million, and ₹156.47 million, respectively.
The company traces its origins to 2009, when it was incorporated as Shringar House of Mangalsutra Private Limited to bring structure and corporate governance to its operations.
Read moreShringar House of Mangalsutra IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding working capital requirements.
- General corporate purposes.
Shringar House of Mangalsutra IPO Promoter Holding
The promoters of the company include Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar and Balraj C Thadeshwar.
Share Holding Pre-Issue
99.00%
Share Holding Post Issue
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Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
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