Live Rate
| Open | |
|---|---|
| High | |
| Low | |
| Prev. Close | |
| Lower circuit | |
| Upper circuit | |
| 52w High | |
| 52w Low | |
| P/E Ratio |
Shringar House of Mangalsutra Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹188.50 | +₹23.50 | +14.24% |
| BSE | ₹187.70 | +₹22.70 | +13.76% |
Shringar House of Mangalsutra Subscription
Last updated on 12-Sep-2025 17:22:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4856000 | 492445710 | 101.41 |
| HNIs | 3642000 | 300773430 | 82.58 |
| HNIs 10+ | 2428000 | 203832990 | 83.95 |
| HNIs 2+ | 1214000 | 96940440 | 79.85 |
| Retail | 8498000 | 231298470 | 27.22 |
| Employees | 20000 | 1398060 | 69.9 |
| Total | 17016000 | 1025915670 | 60.29 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1927 | 32724 | 16.98 |
| HNIs (2-10L) | 963 | 74660 | 77.53 |
| Retail | 94422 | 2265096 | 23.99 |
| Employee | - | 13007 | - |
| Total Applications: 2385487 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 80.12 | 8125.35 | 101.41 |
| FIIs | - | 1505.1 | - |
| DIIs | - | 5531 | - |
| Mutual funds | - | 78.08 | - |
| Others | - | 1011.17 | - |
| HNIs | 60.09 | 4962.76 | 82.58 |
| HNIs 10+ | 40.06 | 3363.24 | 83.95 |
| HNIs 2+ | 20.03 | 1599.52 | 79.85 |
| Retail | 140.22 | 3816.42 | 27.22 |
| Employees | 0.33 | 23.07 | 69.9 |
| Total | 280.76 | 16927.61 | 60.29 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹22.5 | @8% ₹25.7 | @9% ₹28.9 | @10% ₹32.1 | @11% ₹35.3 | @12% ₹38.5 |
Shringar House of Mangalsutra Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 90 | 14850 | 94422 |
| sHNI | 14 | 1260 | 207900 | 963 |
| bHNI | 68 | 6120 | 1009800 | 1927 |
Shringar House of Mangalsutra Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 7284000 | 29.98% |
| QIB | 4856000 | 19.98% |
| HNI | 3642000 | 14.99% |
| Retail | 8498000 | 34.97% |
| Employee | 20000 | 0.08% |
| Total | 24300000 | 100% |
Shringar House of Mangalsutra About
IPO Details
| Total Issue Size | 2,43,00,000 shares aggregating up to 400.95 Cr |
Fresh Issue | 2,43,00,000 shares aggregating up to 400.95 Cr |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,32,080 shares |
| Share Holding Post Issue | 9,64,32,080 shares |
Key Performance Indicator
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 32.43% | 21.52% | 19.46% |
| RONW | 36.20% | 25.65% | 24.84% |
| EPS (basic) | 8.57 | 4.39 | 3.29 |
| P/E Pre IPO | 19.47 | ||
| P/E Post IPO | 26.04 |
Company Financial (In ₹Crore)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 375.75 | 265 | 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 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Shringar House of Mangalsutra Limited | - | - | 10 |
| Utssav CZ Gold Jewels Ltd | 16.85 | - | 10 |
| RBZ Jewellers Ltd | 13.37 | - | 10 |
| Sky Gold & Diamonds Ltd | 28.73 | - | 10 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Shringar House of Mangalsutra Limited | 27.84 | 36.20% | 8.57 |
| Utssav CZ Gold Jewels Ltd | 53.23 | 30.94% | 11.63 |
| RBZ Jewellers Ltd | 61.26 | 17.15% | 9.7 |
| Sky Gold & Diamonds Ltd | 46.61 | 28.59% | 9.44 |
About Company
Business: Designs, manufactures, and markets Mangalsutras featuring American diamonds, cubic zirconia, pearls, and semi-precious stones, crafted in 18k and 22k gold.
Client Segments: Corporate clients, wholesale jewellers, and retailers across India.
Market Presence: Domestic presence in 24 states and 4 union territories; international presence in the UK, New Zealand, UAE, USA, and Fiji (expanded during FY23–FY25).
Key Clients: Malabar Gold Ltd., Titan Company Ltd., GRT Jewellers, Reliance Retail, Joyalukkas India, Damas Jewellery (UAE), among others.
Client Base (as of March 31, 2025): 34 corporate clients, 1,089 wholesalers, and 81 retailers.
Job Work: Manufactures Mangalsutras on job-work basis for corporate clients.
Bullion Processed: 1,320.72 kgs (FY25), 1,221.19 kgs (FY24), 870.26 kgs (FY23).
Revenue: ₹264.83 million (FY25), ₹193.24 million (FY24), ₹156.47 million (FY23).
Strength
Innovative Portfolio: The company offers over 15 collections and 10,000+ SKUs of Mangalsutras across traditional, bridal, contemporary, and customized designs.
Integrated Facility: An 8,300 sq. ft. manufacturing unit with 2,500 kg annual capacity enables efficient in-house production.
Weakness
Dependence on Clients: A major share of revenue comes from corporate clients, wholesalers, and retailers, with no long-term contracts. Loss or cancellation of orders may impact business and cash flows.
High Working Capital Needs: The company requires significant working capital for growth, and inability to secure it on favorable terms could affect operations and financial stability.
Shringar House of Mangalsutra Latest Announcements
| Date | Subject | Attachment Text |
|---|
Shringar House of Mangalsutra Financial Results
Shringar House of Mangalsutra Lead Manager(s)
Shringar House of Mangalsutra Address
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/
Shringar House of Mangalsutra Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Shringar House of Mangalsutra Reviewers
| Reviewer | Recommendation | File |
|---|