Shringar House of Mangalsutra IPO Details
MAINBOARD
Shringar House of Mangalsutra IPO opens for subscription on 10 Sep 2025 and closes on 12 Sep 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 17 Sep 2025.
Shringar House of Mangalsutra IPO price band has been fixed at ₹155 – ₹165 per share.The face value is ₹10 per share with a lot size of 90.
Shringar House of Mangalsutra IPO total issue size comprises 2,43,00,000 shares (aggregating up to ₹400.95 Cr). This includes a fresh issue of 2,43,00,000 shares (aggregating up to ₹400.95 Cr). Pre-issue shareholding stands at 7,21,32,080, which will increase to 9,64,32,080 post-issue.
Shringar House of Mangalsutra IPO carries a ₹21 (12.73%) GMP, reflecting investor sentiment.
Shringar House of Mangalsutra IPO Lot Size : Retail Minimum is 1 lot (90 shares) amounting to ₹14,850. Retail Maximum is 13 lots (1,170 shares) amounting to ₹193,050. SHNI Minimum is 14 lots (1,260 shares) amounting to ₹207,900. SHNI Maximum is 67 lots (6,030 shares) amounting to ₹994,950. BHNI Minimum is 68 lots (6,120 shares) amounting to ₹1,009,800.
The Lead Managers for Shringar House of Mangalsutra IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Choice Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Shringar House of Mangalsutra Limited RHP.
Shringar House of Mangalsutra IPO Details
Shringar House of Mangalsutra IPO Subscription
Shringar House of Mangalsutra IPO Application Wise Breakup (Approx)
Shringar House of Mangalsutra IPO Dates
- 10 Sep 2025Opening dateOpen
- 12 Sep 2025Closing dateClose
- 15 Sep 2025Allotment Date Allotment
- 16 Sep 2025Initiation of RefundsRefund
- 16 Sep 2025Credit of SharesCredit
- 17 Sep 2025Listing dateListing
Shringar House of Mangalsutra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 90 | ₹14,850 |
| Retail Maximum | 13 | 1170 | ₹193,050 |
| SHNI Minimum | 14 | 1260 | ₹207,900 |
| SHNI Maximum | 67 | 6030 | ₹994,950 |
| BHNI Minimum | 68 | 6120 | ₹1,009,800 |
Shringar House of Mangalsutra IPO Reservation
Promoter Holding
Shringar House of Mangalsutra IPO Valuations
Shringar House of Mangalsutra Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 375.75 | 265.00 | 211.55 |
| Total Income | 1,430.12 | 1,102.71 | 951.29 |
| Profit After Tax | 61.11 | 31.11 | 23.36 |
| EBITDA | 92.61 | 50.76 | 38.89 |
| Net Worth | 200.85 | 136.85 | 105.72 |
| Reserves and Surplus | 123.72 | 125.72 | 94.62 |
| Total Borrowing | 123.11 | 110.09 | 93.19 |
| Amount in ₹ Crore | |||
About Shringar House of Mangalsutra IPO
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.
The company designs, manufactures, and markets a diverse collection of Mangalsutra featuring various stones like American diamonds, cubic zirconia, pearls, and semi-precious stones, using 18k and 22k gold for its business-to-business (B2B) clients.
The company sells its products to corporate clients, wholesale jewellers, and retailers nationwide.
The company serve a diverse client base, including corporate clients, wholesale jewellers, and retailers across India, with a presence in 24 states and 4 union territories. In addition, The company expanded internationally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025.
The company’s domestic and international corporate clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE), among others
As of March 31, 2025, the company has served 34 corporate clients,1,089 wholesalers, and 81 retailers.
Shringar House of Mangalsutra Limited also manufacture and supply Mangalsutras on a job-work basis to our Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras, generating revenue of ₹264.83 million, ₹193.24 million and ₹156.47 million, respectively.
As ofJune 30, 2025, the company has 237 employees.
Strength Of Shringar House of Mangalsutra IPO
1. Established client base and long-standing relationship with our clients. We supply and/or our products to a diverse range of clients including Corporate Clients,
2. Design innovation and diversified product portfolio.
3. Integrated Manufacturing Facility setup under one roof equipped to produce variety of Mangalsutras.
4. Quality control and quality assurance for manufacturing of Mangalsutras.
5. Proven track record of growth in financial performance.
6. Experienced Promoters and a professional management team.
Risk Of Shringar House of Mangalsutra IPO
1. We derive a significant portion of our revenue from operations from the sale of our Mangalsutras to our Corporate Clients (33.99%, 31.78% and 30.18% in Fiscal 2025, Fiscal 2024 and Fiscal 2023), retailers (54.47%, 54.13% and 52.46% in Fiscal 2025, Fiscal 2024, and Fiscal 2023) and wholesalers (11.50%, 14.04% and 17.31% in Fiscal 2025, Fiscal 2024, and Fiscal 2023) and we do not have long term contracts with any of these clients. Loss of any of these clients, or the cancellation of their purchase orders, could adversely affect our business, cash flows, financial condition, and overall results of operations.
2. During Fiscal 2025, Fiscal 2024 and Fiscal 2023, the actual capacity utilisation was 69.00%, 70.00% and 66.80%, respectively of total installed capacity Under-utilisation of our manufacturing capacities and an inability to effectively utilise our expanded manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.
3. Our Company requires significant amount of working capital for continued growth. We intend to utilise Rs.2,800.00 million from the total Net Proceeds towards funding our working capital requirements, and the proposed deployment of Net Proceeds in Fiscal 2026 is based on certain assumptions and management estimations. Our inability to meet our working capital requirements, on commercially acceptable terms, may have an adverse impact on our business, financial condition and results of operations.
4. Our business operations are supported by a single Manufacturing Facility, located in Mumbai, Maharashtra. A slowdown or shutdown in our manufacturing operations or any adverse development affecting such region could have an adverse effect on our business, results of operations, financial condition and cash flows.
5. Our business is primarily concentrated in state of Maharashtra, which accounted for 49.50%, 49.21% and 44.11% of our revenue from operations for Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. Any adverse development affecting such region may have an adverse effect on our business, prospects, financial condition and results of operations.
6. 100% of our revenue from operations is dependent on sale and supply of single product, Mangalsutra. Any reduction in the sale of Mangalsutras, or our inability to manufacture and sell Mangalsutras, may have an adverse effect on our business, results of operations, cash flows and financial condition.
7. We experienced significant increase in trade receivables from Rs. 469.93 million as of March 31, 2023 to Rs. 604.69 million as of March 31, 2024 and further to Rs. 877.74 million as of March 31, 2025. Our inability to effectively collect receivables and default in payment from our customers could result in the reduction of our profits and adversely affect our business, financial condition, cash flows and results of operations.
8. Our Statutory Auditors has included a remark in connection with the Companies (Auditor's Report) Order, 2020/ Companies (Auditor's Report) Order, 2016.
9. We have had negative cash flows from operating activities accounting for Rs. (70.93) million and Rs.(141.24) million for the Fiscal 2025 and Fiscal 2024 respectively and may, in the future, experience similar negative cash flows.
10. We do not own some of the premises from where we operate.
Objectives Shringar House of Mangalsutra IPO
- Funding Working Capital requirements of our Company; and
- General Corporate purposes.
Company Contact Details
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: cs@shringar.ms
Website: https://www.shringar.ms/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Shringar House of Mangalsutra IPO - FAQs
The Shringar House of Mangalsutra IPO is a MAINBOARD public issue comprising 24300000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹400.95 Cr. The issue price has been fixed at ₹165 per equity share, and the minimum application size is 90 shares.
The IPO opens for subscription on 10 Sep 2025, and closes on 12 Sep 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹21 (12.73%).