Shringar House of Mangalsutra
September 10, 2025 – September 12, 2025
| Price | ₹155 - ₹165 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 90 |
| Allotment | Sep 15, 2025 |
| Listing | Sep 17, 2025 |
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 | % |
|---|---|---|
| QIB | 12140000 | 49.96% |
| 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 401 Cr) |
Fresh Issue | 2,43,00,000 shares (aggregating up to 401 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 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Net Isssue |
Key Performance Indicators (KPI)
Details will be added soon.
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 |
About Company
- Incorporated in January 2009, the company is engaged in the manufacturing and designing of Mangalsutras in India.
- Products are crafted using 18k and 22k gold, featuring stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones.
- Operates on a B2B model, catering to corporate clients, wholesalers, and retailers.
Clientele & Market Presence
- Serves a wide network of corporate clients, wholesale jewellers, and retailers across India.
- Expanded presence in international markets, selling products in the UK, New Zealand, UAE, USA, and Fiji.
- Key clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE).
Customer Base (as of September 30, 2024)
- 31 corporate clients, 76 wholesalers, and 731 retailers.
- In FY 2024, the company served 33 corporate clients, 96 wholesalers, and 832 retailers.
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 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