Established in January 2009, Shringar House of Mangalsutra Limited is a prominent Indian designer and manufacturer of mangalsutras. The company specializes in creating a diverse range of mangalsutras crafted from 18k and 22k gold, adorned with stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones. It operates on a B2B model, supplying its products to a vast network that includes corporate clients, wholesale jewellers, and retailers across India.
The company boasts an extensive pan-India presence, serving clients in 24 states and 4 union territories. From Fiscal 2023 to 2025, it expanded its footprint internationally, entering markets in the UK, New Zealand, UAE, USA, and Fiji. Its esteemed client roster features major names like Malabar Gold, Titan Company, GRT Jewellers, Reliance Retail, Joyalukkas, and Damas Jewellery (UAE). As of March 31, 2025, its client base included 34 corporate clients, 1,089 wholesalers, and 81 retailers.
Financially, the company has shown strong growth, reporting a revenue of ₹1,430.12 crores and a profit of ₹61.11 crores in 2025, up from ₹1,102.71 crores and ₹31.11 crores, respectively, in 2024.
The company is launching an Initial Public Offering (IPO) to raise approximately ₹400.95 crores through a fresh issue. The initial public offering (IPO) will be open for subscription from September 10 to September 12, 2025. The shares are being offered in a price band of ₹155 to ₹165 each. The allotment is scheduled for September 15, 2025, and the shares are expected to list on the BSE and NSE on September 17, 2025. The quota allocation is set at 50% for QIBs, 35% for retail investors, and 15% for HNIs.
Shringar House of Mangalsutra IPO Details
| IPO Date | September 10, 2025 to September 12, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹155 to ₹165 per share |
| Lot Size | 90 Shares |
| Total Issue Size | Approx ₹400.95 Crores |
| Employee Discount | ₹15.00 |
| Issue Type | Book building IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,21,32,080 shares |
| Share Holding Post Issue | 9,64,32,080 shares |
Shringar House of Mangalsutra IPO Dates
The Initial Public Offering (IPO) of Shringar House of Mangalsutra will be open for bidding from September 10th through September 12th, 2025.
| IPO Open Date | Wed, Sep 10, 2025 |
| IPO Close Date | Fri, Sep 12, 2025 |
| Tentative Allotment | Mon, Sep 15, 2025 |
| Refunds | Tue, Sep 16, 2025 |
| Credit of Shares to Demat | Tue, Sep 16, 2025 |
| IPO Listing Date | Wed, Sep 17, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on September 12, 2025 |
Shringar House of Mangalsutra IPO Market Lot
The minimum application for this IPO is one lot of 90 shares (₹14,850). Retail investors can apply for a maximum of 13 lots, which is 1,170 shares worth ₹1,93,050.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 90 | ₹14,850 |
| Retail Maximum | 13 | 1,170 | ₹1,93,050 |
| S-HNI Minimum | 14 | 1,260 | ₹2,07,900 |
| B-HNI Minimum | 68 | 6,120 | ₹10,09,800 |
