Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra IPO — date, price band, lot size & details 2025
Shringar House of Mangalsutra listed on 17 Sep 2025 at ₹188.5, 14.2% above the ₹165 issue price.
Shringar House of Mangalsutra designs and makes mangalsutras in 18k and 22k gold for B2B clients. Its presence covers 24 states and 4 union territories.
Stock price
Shringar House of Mangalsutra is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 10 Sep 2025
- Close 12 Sep 2025
- Allotment 15 Sep 2025
- Refund/credit 16 Sep 2025
- Listing 17 Sep 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Sep, 2025 |
|---|---|
| Price Band | ₹155 – ₹165 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹400.92 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 15.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,850 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 90 shares at the ₹165 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 951.29 crore in FY2023 to Rs 1,430.12 crore in FY2025.
- 02Profit after tax rose from Rs 23.36 crore in FY2023 to Rs 61.11 crore in FY2025.
- 03Return on net worth was 36.20% and return on capital employed was 32.43%.
- 04The whole Rs 400.92 crore issue was fresh capital.
- 05The company has a presence in 24 states and 4 union territories.
Risks · 6
- 01Rs 280.00 crore of the Rs 400.92 crore issue was for working capital, as gold stock ties up cash.
- 02The PAT margin was thin at 4.27% and the EBITDA margin was 6.48%.
- 03The P/E was 26.04 at the upper band of Rs 165, based on post-issue EPS of Rs 6.34.
- 04The company depends on a single product category, mangalsutras, for income of Rs 1,430.12 crore.
- 05Gold price swings can affect margins, and total borrowing was Rs 123.11 crore on 31 March 2025.
- 06Promoters held 99.99% before the issue and held 74.8% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Shringar House of Mangalsutra offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Shringar House of Mangalsutra RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Shringar House of Mangalsutra IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹8.47 | ₹6.34 |
| P/E Ratio (x) | 19.47 | 26.04 |
| Market Cap at Offer Price (₹ Cr) | ₹1,190.45 | ₹1,590.40 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹165 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹400.92 Cr of the issue is earmarked to named objects.
Shringar House of Mangalsutra IPO Anchor Investors
14 anchor investors across 14 fund houses committed ₹120.17 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company sells to corporate clients, wholesale jewellers and retailers. It has a presence in 24 states and 4 union territories.
Between FY2023 and FY2025 it expanded to the UK, New Zealand, the UAE, the USA and Fiji.
The IPO was a fresh issue of Rs 400.92 crore. Rs 280.00 crore of it was planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Shringar House of Mangalsutra IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Choice Capital Advisors Pvt.Ltd.
10 issues handled (7 mainboard, 3 SME)Best listing: Adroit Industries (India) (+75.4%). Weakest: Sonaselection India (+3.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Shringar House of Mangalsutra?
The current Grey Market Premium is ₹25, or 15% over the issue price.
What is the Shringar House of Mangalsutra IPO price band?
₹155 to ₹165, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 September 2025, with listing on 17 September 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
