Shringar House of Mangalsutra IPO dates and key details
Shringar House of Mangalsutra Ltd is gearing up for its initial public offering (IPO) between September 10 and September 12, 2025. The Mumbai-based company aims to raise fresh capital through a bookbuilding process, with its shares priced between ₹155 and ₹165 per share. Investors can apply in lots of 90 shares, and the total issue size is 2.43 crore shares, aggregating to ₹400.95 crore.
Investor reservation and bidding process
The IPO allocates shares across multiple investor categories, ensuring strategic distribution. Qualified institutional buyers (QIBs) can claim up to 50% of the net issue, while there is a minimum reservation of 35% for retail investors. Non-institutional investors (NIIs) are guaranteed a minimum 15% share of the issue. Bidding limits and cut-off price options are set based on the application category, with retail investors able to bid up to ₹2 lakh and employees up to ₹5 lakh. Employee will get ₹15 discount.
Timelines and important dates
The IPO will open on September 10 and close two days later. Allotment results will be announced on September 15, while refunds will begin on September 16, which is also the date for crediting shares to demat accounts. Listing is expected on September 17, and the cut-off for confirming UPI mandate is 5 pm on the closing day.
Lot size and investment options
Prospective bidders must apply for at least one lot (90 shares), which requires an investment of ₹14,850. Retail investors can invest up to 13 lots (1,170 shares), amounting to a total of ₹1,93,050. High net worth individuals (HNIs) have the option to invest in much larger lot sizes, with the Super-HNI and Big-HNI categories going up to ₹2,07,900 and ₹10,09,800, respectively.
Promoter Holdings and Company Profile
Currently, the promoters hold 99.99% of the company’s shares. Shringar House of Mangalsutra Limited, established in 2009, manufactures and designs mangalsutra jewellery in India, primarily serving corporate clients, wholesale jewellers and retailers. Its products include American diamonds, cubic zirconia, pearls and 18-carat and 22-carat gold jewellery.
Business Reach and Customers
The company has a wide domestic and international customer base, supplying to jewellers, retailers and corporate customers across 24 Indian states and 4 Union Territories. It has expanded to the UK, New Zealand, UAE, the US and Fiji between 2023 and 2025. Key corporate customers include Malabar Gold Limited, Titan Company Limited and many others.
Financial Performance
The financial results show strong growth, with total assets increasing from ₹211.55 crores in 2023 to ₹375.75 crores in 2025. Total income increased to ₹1,430.12 crores, while profit after tax almost doubled from ₹31.11 crores in 2024 to ₹61.11 crores in 2025. Other key figures include EBITDA of ₹92.61 crore and net worth of ₹200.85 crore.
Use of IPO proceeds
The company plans to use ₹280 crore of the net proceeds to meet working capital requirements, while the remaining amount will be used for general corporate purposes. This strategic move will fuel further growth and expansion.
Contact and Registrar Information
Shringar House of Mangalsutra Limited is headquartered in Mumbai. The IPO will be managed by MUFG Intime India Private Limited, which will oversee registrar activities and facilitate investor transactions.