Shringar House of Mangalsutra IPO Listing at 188.50% Premium at ₹188.50 Per Share

Shringar House of Mangalsutra IPO Listing: The Shringar House of Mangalsutra IPO was subscribed 60.31 times as of its closing. In this subscription, qualified institutional buyers (QIBs) received 101.41 times the allocation, and non-institutional investors (NIIs) received 82.58 times the allocation. The retail quota of the issue was subscribed to 34.97%. Before delving deeper into the topic, go through the details of the Shringar House of Mangalsutra IPO.

Shringar House of Mangalsutra IPO Listing

On the NSE (National Stock Exchange platform), shares are listed at ₹188.50 per share, reflecting a premium of 14.2% against the issue price of ₹165 per share. On the other hand, on the other BSE (Bombay Stock Exchange), shares are listed at ₹187.70 per share, reflecting a premium of 13.8%. 

Shringar House of Mangalsutra IPO Details

It is a bookbuilding IPO of ₹400.95 crore, comprising a fresh issue of 2.43 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 17th September 2025.The Shringar House of Mangalsutra IPO date is fixed between 10th September 2025 and 12th September 2025. The face value of Shringar House of Mangalsutra IPO shares stands at ₹10 per share, and the IPO price is set at ₹155.00 to ₹165.00 per share.

About Shringar House of Mangalsutra Limited

Shringar House of Mangalsutra Limited, Incorporated in January 2009, manufactures and designs Mangalsutras in India. The company designs, manufactures, and markets a diverse collection of Mangalsutras 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 serves a diverse client base, including corporate clients, wholesale jewellers, and retailers across India, with a presence in 24 states and four union territories. In addition, the company expanded internationally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025.

Shringar House of Mangalsutra Limited Financials

The company’s financial analysis is crucial before applying for the Shringar House of Mangalsutra IPO. Refer to the table to learn about Shringar House of Mangalsutra Limited’s financials. 

Explanation

Shringar House of Mangalsutra Limited’s revenue increased by 30% from ₹1,102.71 crores in March 2024 to ₹1,430.12 crores in March 2025. Moreover, the company’s PAT rose by 96% from ₹31.11 crores to ₹61.11 crores.

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