Incorporated in January 2009, Shringar House of Mangalsutra Limited designs, manufactures, and markets a wide range of mangalsutras using 18k and 22k gold, with stones such as American diamonds, cubic zirconia, pearls, and semi‑precious stones. The company serves corporate chains, wholesalers, and retailers across India and has expanded to the UK, New Zealand, UAE, USA, and Fiji.
Shringar House of Mangalsutra IPO
Mainboard book-built issue of fresh equity shares
UPCOMING IPOShringar House of Mangalsutra is launching a book-built public offer of ₹400.95 crore comprising a complete fresh issuance of 2.43 crore equity shares. The offer opens on September 10, 2025 and closes on September 12, 2025, with allotment expected on September 15 and listing proposed on BSE and NSE on September 17, 2025. The price band is ₹155 to ₹165 per share, applications are in lots of 90 shares, and the minimum retail investment is ₹14,850; sNII and bNII illustrations are presented below.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹155 to ₹165 per share |
| Offer Structure | Fresh capital only |
| Total Shares | 2,43,00,000 shares (aggregating up to ₹400.95 crore) |
| Issue Type | Book-building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 7,21,32,080 / 9,64,32,080 shares |
| Employee Discount | ₹15.00 per share (eligible employees) |
| Intermediaries | Choice Capital Advisors Pvt. Ltd. (Lead Manager), MUFG Intime India Pvt. Ltd. (Registrar) |
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of Net Issue |
| Retail | Not less than 35% of Net Issue |
| NII | Not less than 15% of Net Issue |
| Application Category | Maximum Bidding Limits | Bid at Cut‑off Allowed |
|---|---|---|
| Only RII | Up to ₹2 lakhs | Yes |
| Only sNII | ₹2 lakhs to ₹10 lakhs | No |
| Only bNII | ₹10 lakhs to NII reservation portion | No |
| Only Employee | Up to ₹5 lakhs | Yes |
| Employee + RII/NII | Employee up to ₹5 lakhs; RII up to ₹2 lakhs; sNII >₹2–₹10 lakhs; bNII >₹10 lakhs | Yes (Employee and RII/NII) |
| IPO Open | Wed, Sep 10, 2025 |
|---|---|
| IPO Close | Fri, Sep 12, 2025 |
| Allotment (Tentative) | Mon, Sep 15, 2025 |
| Refunds Initiation | Tue, Sep 16, 2025 |
| Credit to Demat | Tue, Sep 16, 2025 |
| Listing (Tentative) | Wed, Sep 17, 2025 |
| UPI Mandate Cut‑off | 5 PM on Sep 12, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,850 |
| Retail (Max) | 13 | 1,170 | ₹1,93,050 |
| S‑HNI (Min) | 14 | 1,260 | ₹2,07,900 |
| S‑HNI (Max) | 67 | 6,030 | ₹9,94,950 |
| B‑HNI (Min) | 68 | 6,120 | ₹10,09,800 |
Incorporated in January 2009, Shringar House of Mangalsutra Limited designs, manufactures, and markets a wide range of mangalsutras using 18k and 22k gold, with stones such as American diamonds, cubic zirconia, pearls, and semi‑precious stones. The company serves corporate chains, wholesalers, and retailers across India and has expanded to the UK, New Zealand, UAE, USA, and Fiji.
As of March 31, 2025, the company reports 34 corporate clients, 1,089 wholesalers, and 81 retailers. For Fiscals 2025, 2024, and 2023, job‑work processing converted 1,320.72 kg, 1,221.19 kg, and 870.26 kg of bullion into mangalsutras, with revenues of ₹264.83 million, ₹193.24 million, and ₹156.47 million, respectively. As of June 30, 2025, total employees were 237. Promoters: Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar, Balraj C Thadeshwar.
Summary (₹ crore)
| 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 & Surplus | 123.72 | 125.72 | 94.62 |
| Total Borrowings | 123.11 | 110.09 | 93.19 |
Source: Company offer documents (DRHP/RHP) and exchange filings. Use the latest RHP for authoritative audited figures.
Between FY24 and FY25, revenue rose ~30% and PAT grew ~96% based on restated financials.