Shringar House of Mangalsutra IPO
Bookbuilding IPO | ₹401.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Sep 10, 2025
IPO Close
Fri, Sep 12, 2025
Price Band
₹155.00 to ₹165.00
Market Cap (Pre-IPO)
₹1,591.13 Cr
IPO Details
| IPO Date | Sep 10, 2025 to Sep 12, 2025 |
| Listing Date | Tentative: Sep 17, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹155.00 to ₹165.00 |
| Lot Size | 90 Shares (Minimum: ₹14,850.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹401.00 Crores |
| Total Shares Offered | 24,300,000 shares |
| Offer For Sale | 24,300,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 101.41x |
| NII | 82.58x |
| RII | 27.26x |
| Total | 60.31x |
Shringar House of Mangalsutra IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,21,40,000 (49.96%) |
| Retail Shares Offered | 84,98,000 (34.97%) |
| NII Shares Offered | 36,42,000 (14.99%) |
Shringar House of Mangalsutra IPO Lot Size
Investors can bid for a minimum of 90 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,850 |
| Retail (Max) | 13 | 1,170 | ₹193,050 |
| S-HNI (Min) | 14 | 1,260 | ₹207,900 |
| S-HNI (Max) | 67 | 6,030 | ₹994,950 |
| B-HNI (Min) | 68 | 6,120 | ₹1,009,800 |
Shringar House of Mangalsutra Financial Information (Restated Consolidated)
Shringar House of Mangalsutra Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 96% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 32.43% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 0.61 |
| RoNW (Return on Net Worth) | 36.20% |
| PAT Margin (Profit After Tax Margin) | 4.27% |
| EBITDA Margin | 6.48% |
| Price to Book Value | 5.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.47 | 6.34 |
| P/E (x) | 19.47 | 26.04 |
| Promoter Holding | 99.99% | 74.80% |
Company Promoters
- The company's Promoters are Chetan N Thadeshwar
- Mamta C Thadeshwar
- Viraj C Thadeshwar and Balraj C Thadeshwar.
Company Overview
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India.
The company designs, manufactures, and markets a diverse collection of Mangalsutra featuring various stones like American diamonds, cubic zirconia, pearls, and semi-precious stones, using 18k and 22k gold for its business-to-business (B2B) clients.
The company sells its products to corporate clients, wholesale jewellers, and retailers nationwide.
The company serve a diverse client base, including corporate clients, wholesale jewellers, and retailers across India, with a presence in 24 states and 4 union territories. In addition, The company expanded internationally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025.
The company’s domestic and international corporate clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE), among others
As of March 31, 2025, the company has served 34 corporate clients,1,089 wholesalers, and 81 retailers.
Shringar House of Mangalsutra Limited also manufacture and supply Mangalsutras on a job-work basis to our Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras, generating revenue of ₹264.83 million, ₹193.24 million and ₹156.47 million, respectively.
As ofJune 30, 2025, the company has 237 employees.
Company Strengths
- Established client base and long-standing relationships with the clients.
- Design innovation and diversified product portfolio.
- Integrated Manufacturing Facility.
- Quality assurance and quality control of Mangalsutras.
- Continuously improving financial performance.
- Experienced Promoters and a professional management team.
Use of Proceeds
| 1) | Funding Working Capital requirements of the Company | 280.00 |
| 2) | General Corporate purposes | 78.88 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Shringar House of Mangalsutra IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shringar House of Mangalsutra | 8.57 | 8.57 | 27.84 | 0.00 | 36.20 | 0.00 | - |
| Utssav CZ Gold Jewels | 11.63 | 11.63 | 53.23 | 16.85 | 30.94 | 0.00 | - |
| RBZ Jewellers | 9.70 | 9.70 | 61.26 | 13.37 | 17.15 | 0.00 | - |
| Sky Gold & Diamonds | 9.52 | 9.44 | 46.61 | 28.73 | 28.59 | 0.00 | - |
Quick Info
| Sector | Gems, Jewellery & Precious Metals |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,591.13 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Sep 10, 2025 |
| IPO Close | Sep 12, 2025 |
| Allotment Date | Sep 15, 2025 |
| Credit to Demat | Sep 16, 2025 |
| Listing Date | Tentative: Sep 17, 2025 |
Lead Manager(s)
Choice Capital Advisors Pvt.Ltd.
Registrar
Description
Shringar House of Mangalsutra IPO is a book build issue of ₹400.95 crores. The issue is entirely a fresh issue of 2.43 crore shares of ₹400.95 crore.
Shringar House of Mangalsutra IPO bidding started from Sep 10, 2025 and ended on Sep 12, 2025. The allotment for Shringar House of Mangalsutra IPO was finalized on Sep 15, 2025. The shares got listed on BSE, NSE on Sep 17, 2025.
Shringar House of Mangalsutra IPO price band is set at ₹165.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,850 (90 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,260 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (6,120 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 20,000 shares for employees offered at a discount of ₹15.00 to the issue price.