Shringar House of Mangalsutra IPO Overview
Shringar House of Mangalsutra Limited, one of India’s
leading mangalsutra manufacturers, is coming up with its Mainboard IPO.
The IPO opens on September 10, 2025, and closes on September 12, 2025.
The company plans to raise around ₹400.95 crores via
this issue. It comprises only a fresh issue of ₹400.95 crores with no
offer for sale (OFS). The IPO will be listed on both BSE and NSE on September
17, 2025.
Shringar House of Mangalsutra IPO price band is fixed at ₹155
to ₹165 per share, with a face value of ₹10 each. The lot size is 90
shares, and retail investors can apply for a maximum of 13 lots (1,170
shares = ₹1,93,050).
Shringar House of Mangalsutra IPO Important Dates
|
Event |
Date |
|
IPO Open Date |
September 10, 2025 |
|
IPO Close Date |
September 12, 2025 |
|
Basis of Allotment |
September 15, 2025 |
|
Refunds |
September 16, 2025 |
|
Credit to Demat |
September 16, 2025 |
|
Listing Date |
September 17, 2025 |
|
Cut-off Time for UPI Mandate |
September 12, 2025 – 5 PM |
Shringar House of Mangalsutra IPO Price Band & Lot
Size
|
Details |
Information |
|
IPO Price Band |
₹155 to ₹165 per share |
|
Face Value |
₹10 per share |
|
Issue Size |
₹400.95 Crores |
|
Fresh Issue |
₹400.95 Crores |
|
Lot Size |
90 shares |
|
Minimum Investment (Retail) |
₹14,850 |
|
Maximum Investment (Retail) |
₹1,93,050 (13 lots) |
|
Employee Discount |
₹15 per share |
|
Issue Type |
Book Built Issue |
|
Listing Exchange |
BSE & NSE |
Shringar House of Mangalsutra IPO Market Lot
|
Application |
Lot Size |
Shares |
Amount |
|
Retail Minimum |
1 Lot |
90 Shares |
₹14,850 |
|
Retail Maximum |
13 Lots |
1,170 Shares |
₹1,93,050 |
|
S-HNI Minimum |
14 Lots |
1,260 Shares |
₹2,07,900 |
|
B-HNI Minimum |
68 Lots |
6,120 Shares |
₹10,09,800 |
Shringar House of Mangalsutra IPO Reservation
|
Investor Category |
Shares Offered |
% of Issue |
|
QIB |
1,21,40,000 |
49.96% |
|
Anchor Investor |
72,84,000 |
29.98% |
|
NII (HNI) |
36,42,000 |
14.99% |
|
Retail |
84,98,000 |
34.97% |
|
Employee Quota |
20,000 |
0.08% |
Shringar House of Mangalsutra Financial Performance
|
Year |
Revenue (₹ Cr.) |
Expense (₹ Cr.) |
PAT (₹ Cr.) |
Assets (₹ Cr.) |
|
2022 |
810.80 |
783.48 |
20.27 |
195.47 |
|
2023 |
951.29 |
919.86 |
23.36 |
211.55 |
|
2024 |
1,102.71 |
1,060.55 |
31.11 |
265.00 |
|
2025 |
1,430.12 |
1,348.32 |
61.11 |
375.75 |
Revenue has grown consistently, and profit (PAT) nearly
doubled in FY2025.
Valuation – FY2025
|
KPI |
Value |
|
EPS |
₹8.57 |
|
ROE |
36.20% |
|
ROCE |
32.43% |
|
EBITDA Margin |
6.48% |
|
PAT Margin |
4.27% |
|
NAV |
₹27.84 |
|
Debt to Equity |
0.61 |
Shringar House of Mangalsutra IPO Strengths
- Strong
financial growth, PAT doubled in FY2025.
- Market
leader with 6% share in the Indian Mangalsutra market.
- Trusted
client base: Titan, Reliance Retail, Malabar Gold, Joyalukkas, GRT
Jewellers, Damas Jewellery (UAE).
- 10,000+
product SKUs across 15 collections.
- Presence
in 24 states & 4 Union Territories in India, plus global
exports to UK, UAE, USA, Fiji, New Zealand.
- In-house
design team & 182 skilled karigars ensuring product quality.
Risks to Consider
- Heavy
dependence on a single product (Mangalsutra).
- Only
one production facility, leading to concentration risk.
- Jewellery
demand is seasonal & sensitive to gold price fluctuations.
- Global
economic downturns may affect discretionary spending.
Peer Comparison
|
Company |
EPS |
PE Ratio |
RoNW % |
NAV |
Income (₹ Cr.) |
|
Utssav CZ Gold Ltd |
11.63 |
16.85 |
30.94% |
53.23 |
646.32 |
|
RBZ Jewellers Ltd |
9.70 |
13.37 |
17.15% |
61.26 |
530.15 |
|
Sky Gold Ltd |
9.52 |
28.73 |
28.59% |
46.61 |
3,548.02 |
Objects of the IPO
|
Purpose |
Amount (₹ Cr.) |
% |
|
Funding Working Capital |
280 |
69.83% |
|
General Corporate Purpose |
100.23 |
25% |
|
Miscellaneous |
20.73 |
5.17% |
Shringar House of Mangalsutra IPO Review
Verdict: The company shows strong growth with
doubling profits in FY2025, a reputed client list, and global presence.
While risks of seasonal demand and single-product dependency exist, long-term
investors may consider applying for listing gains as well as wealth creation.
Shringar House of Mangalsutra IPO FAQs
Q1. What is Shringar House of Mangalsutra IPO issue size?
Ans: The IPO issue size is ₹400.95 crores.
Q2. What is the IPO price band?
Ans: The IPO price band is ₹155 to ₹165 per share.
Q3. What is the IPO lot size?
Ans: Minimum lot size is 90 shares (₹14,850).
Q4. When will Shringar House IPO allotment be done?
Ans: The allotment date is September 15, 2025.
Q5. When is Shringar House IPO listing?
Ans: The shares will list on BSE & NSE on September 17, 2025.
