Shringar House IPO Date, Review, Price, Details
Shringar House of Mangalsutra is coming out with its IPO, which will open for subscription on September 10, 2025, and close on September 12, 2025. This is a Book Built Issue, through which the company aims to raise about ₹400.95 crores. The issue consists entirely of a fresh equity share offering, with shares having a face value of ₹10 each. The price band has been fixed at ₹155 to ₹165 per share. As per the allocation structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 35% for retail investors. The basis of allotment is expected on September 15, 2025, and the company’s shares are scheduled to be listed on both BSE and NSE on September 17, 2025.
From a financial perspective, the company has shown strong growth. Its revenue increased to ₹1,430.12 crores in 2025, compared to ₹1,102.71 crores in 2024. Similarly, net profit nearly doubled, rising from ₹31.11 crores in 2024 to ₹61.11 crores in 2025.
Shringar House of Mangalsutra IPO Market Lot size
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 |
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 |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
Shringar House of Mangalsutra IPO Valuation – FY2025 (KPI)
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 |
Shringar House of Mangalsutra IPO Company Financial Report
In FY2025, Shringar House of Mangalsutra recorded a revenue of ₹1,430.12 crores, reflecting strong growth compared to ₹1,102.71 crores in FY2024. The company’s net profit also nearly doubled, rising to ₹61.11 crores in 2025 from ₹31.11 crores in 2024.
(Amount in ₹ Crores)
Period Ended | Revenue | Expense | Profit After Tax | 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 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 |
Promoters of Shringar House of Mangalsutra IPO
The promoters of the company are Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar and Balraj C Thadeshwar.
About Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra Limited, established in January 2009, has grown into one of India’s prominent players in the design and manufacturing of mangalsutras. The company creates a wide variety of designs using materials such as American diamonds, cubic zirconia, pearls, and different semi-precious stones, crafting pieces in both 18k and 22k gold primarily for its B2B clientele. As of December 31, 2024, the company’s creative strength lies in its 12-member design team and a workforce of 182 skilled karigars. Its reach extends beyond India, with exports to markets in the UK, New Zealand, the UAE, the US, and Fiji, serving corporate houses, wholesalers, and retail outlets. Shringar House of Mangalsutra counts several big names among its customers, including Malabar Gold, Titan, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE). In FY24 alone, the company catered to 33 corporate buyers, 96 wholesalers, and over 800 retail partners, showcasing its strong and diverse clientele.
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. |
Objects of the IPO
- Funding Working Capital requirements of our Company; and
- General Corporate purposes.
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/
Shringar House of Mangalsutra IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Check Grey market premium at below
(GMP)