Shringar House IPO Date, Review, Price, Allotment Details
The Shringar House of Mangalsutra IPO is set to open in 2025 and close within the same year. This will be a Book Built Issue, where the company plans to raise approximately ₹[.] crores. The issue includes a fresh issue of ₹[.] crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10. The IPO will be listed on the BSE and NSE, and the allotment is scheduled for 2025.
The price band for the IPO is fixed at ₹[.] to ₹[.] per share. Of the total issue, 50% is reserved for QIBs, 35% for retail investors, and 15% for HNIs. This allocation structure provides opportunities for all categories of investors to participate in the issue.
From a financial standpoint, Shringar House of Mangalsutra reported strong performance in recent years. The company’s revenue increased to ₹1,102.71 crores in FY 2024 from ₹951.29 crores in FY 2023. Net profit also grew to ₹31.11 crores in 2024, compared to ₹23.36 crores in the previous year. Given this consistent growth, the IPO is seen as a potential investment opportunity, particularly for long-term investors.
Shringar House IPO Details
IPO Open Date: September 10, 2025 IPO Close Date: September 12, 2025 Face Value: ₹10 Per Equity Share IPO Price Band: ₹155 to ₹165 Per Share Issue Size: Approx ₹400.95 Crores Fresh Issue: Approx ₹400.95 Crores Lot Size: 90 Shares Issue Type: Book Built Issue IPO Listing: BSE & NSE DRHP Draft Prospectus: 
RHP Draft Prospectus:
Shringar House of Mangalsutra IPO Market Lot
The minimum lot size for the Shringar House of Mangalsutra IPO is [.] shares, requiring an application amount of ₹[.]. Retail investors can apply for up to 13 lots, comprising [.] shares with a total investment of ₹[.].
Application Lot Size Shares Amount Retail Minimum 1 – ₹- Retail Maximum 13 – ₹- S-HNI Minimum 14 – ₹- B-HNI Minimum 68 – ₹-
Shringar House of Mangalsutra IPO Dates
The Shringar House of Mangalsutra IPO date is September 10, and the close date is September 12. The Shringar House of Mangalsutra IPO allotment will be finalized on September 15, and the IPO listing on September 17.
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 Account: September 16, 2025 IPO Listing Date: September 17, 2025 IPO Bidding Cut-off Time: September 12, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of the company are Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar, and Balraj C Thadeshwar.
Particular Shares % Share Promoter Holding Pre-Issue 7,21,32,080 99.99% Promoter Holding Post Issue 9,64,32,080 74.79%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores % Funding the Working Capital requirements of the Company 280 69.83% General Corporate purposes 100.23 25% Miscellaneous 20.73 5.17%
About Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra Limited, established in January 2009, is a leading jewellery manufacturer in India, well known for designing and producing Mangalsutras. The company creates a wide variety of designs in 18k and 22k gold, incorporating American diamonds, cubic zirconia, pearls, and semi-precious stones. Its operations are largely B2B-focused, catering to corporate clients, wholesale jewellers, and retail outlets. Backed by a strong creative team of 12 designers and 182 in-house Karigars as of December 31, 2024, the company ensures both craftsmanship and innovation in its offerings.
The company has also built a strong international presence, supplying products to the UK, New Zealand, the UAE, the USA, and Fiji. Over the years, it has earned the trust of major clients such as Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE). In FY24, Shringar House of Mangalsutra catered to 33 corporate clients, 96 wholesalers, and 832 retailers, further strengthening its reputation as a trusted partner in the jewellery industry.
Shringar House of Mangalsutra IPO Company Financial Report
The company posted a revenue of ₹1,102.71 crores in FY 2024, up from ₹951.29 crores in FY 2023. Its net profit also grew to ₹31.11 crores in 2024, compared to ₹23.36 crores in the previous year.
Amount in Crores (₹)
Period Ended Revenue Expense Profit After Tax Assets 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 September 2024 ₹687.23 ₹642.59 ₹33.03 ₹371.48
Shringar House of Mangalsutra IPO Valuation – FY2024
Check the Shringar House of Mangalsutra IPO valuation details, like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 25.65% ROCE: 21.52% EBITDA Margin: 4.61% PAT Margin: 2.82% Debt-to-equity ratio: 0.80 Earning Per Share (EPS): ₹4.39 (Basic) Price/Earning Ratio: N/A Return on Net Worth (RoNW): 25.65% Net Asset Value (NAV): ₹19.29
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Utssav CZ Gold Ltd 7.65 28.79 44.62 20.96 340.20 Cr. RBZ Jewellers Ltd 5.39 34.42 14.38 51.87 327.43 Cr. Sky Gold Ltd 35.18 120.00 23.66 212.15 1,745.48 Cr.
Shringar House of Mangalsutra IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: shringarhouse.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt. Ltd.
Company Address
Shringar House of Mangalsutra Ltd.
Unit No. B-1, Lower Ground Floor
Jewel World (Cotton Exchange Building),
175, Kalbadevi Rd, Bhuleshwar,
Mumbai, Maharashtra, 400002
Phone: +91 90044 29107
Email: cs@shringar.ms
Website: https://www.shringar.ms/