Introduction
Shringar House of Mangalsutra Ltd is a leading Indian
jewellery company specializing exclusively in designing, manufacturing, and
marketing exquisite mangalsutras—an iconic symbol of tradition, culture, and
marital bonds across India. Founded in 2009 and headquartered in Mumbai, the
company has cemented its position with over 15 years of consistent growth and
innovation.
Business Overview
Shringar offers over 15 distinct collections and around
10,000 active SKUs encompassing various styles including bridal, antique,
traditional, contemporary, and Indo-Western mangalsutras designed to meet the
evolving preferences of Indian women. The company serves diverse B2B customers
across India and in key international markets such as UAE, UK, USA, New
Zealand, and Fiji. Its manufacturing hub in Mumbai includes 166 skilled
artisans and advanced technology like CNC milling and 3D printing, supporting a
capacity of 2,500 kg annually.
IPO Details and Price Band
- Issue
Size: ₹400.95 crore (entirely fresh issue).
- Price
Band: ₹155 to ₹165 per share.
- Lot
Size: Minimum application lot size is 90 shares.
- IPO
Dates: September 10 to September 12, 2025.
- Listing:
Expected on BSE and NSE shortly after allotment.
Financial Highlights
- FY2025
Revenue: ₹1,429.81 crore (up from ₹1,101.52 crore in FY2024).
- Profit
After Tax (PAT) FY2025: ₹61.11 crore, showing strong profitability
growth.
- EBITDA
Margin: Solid margins supported by efficient manufacturing and premium
product positioning.
- Debt-Equity
Ratio: 0.61 indicating a conservative capital structure.
Growth Drivers and Strengths
- Specialized
in high-demand traditional product (mangalsutras) with strong brand
recall.
- Integrated
manufacturing combining traditional craftsmanship with modern machinery
and quality controls.
- Diversified
client base including wholesalers, retailers, corporate clients
domestically and overseas.
- Consistent
innovation through in-house design teams and product customization
options.
Investment Risks
- High
dependency on a single manufacturing facility and key clients.
- Risks
related to imitation and unregistered designs that may impact revenue.
- Market
competition and changing consumer tastes could affect demand.
How to Apply
Investors can participate via ASBA through banks and brokers
during the issue period. The minimum investment is approximately ₹15,000 based
on the lot size and price band.
Disclaimer: Investing in IPOs involves market risks.
It is advised to conduct thorough due diligence and consult financial advisors
before applying.
