The Shringar House of Mangalsutra IPO is scheduled to open on September 10, 2025, and close on September 12, 2025. Here are the key details:
IPO Details
- Price Band: ₹155 to ₹165 per share
- Issue Size: ₹400.95 crores, comprising a fresh issue of shares
- Lot Size: 90 shares, with a minimum investment of ₹14,850
- Listing At: BSE and NSE
- Expected Listing Date: September 17, 2025
Investment Details
- Minimum Investment: ₹14,850 for retail investors (1 lot of 90 shares)
- Retail Quota: 35% of the total issue size
- Application Process: Online through ASBA or UPI
Company Overview
Shringar House of Mangalsutra is a leading manufacturer and designer of mangalsutras in India, with a presence in 24 states and four union territories. The company serves top jewellery brands, including Malabar Gold, Titan, and GRT Jewellers.
Financial Performance
- Revenue Growth: ₹1,430.12 crores in FY2025, up from ₹1,102.71 crores in FY2024
- Profit After Tax: ₹61.11 crores in FY2025, up from ₹31.11 crores in FY2024
- Return on Net Worth (RoNW): 36.20%
- Debt-to-Equity Ratio: 0.61
Key Dates
- IPO Open Date: September 10, 2025
- IPO Close Date: September 12, 2025
- Allotment Date: September 15, 2025
- Listing Date: September 17, 2025
- Grey Market premium (GMP ) : The Shringar House of Mangalsutra IPO’s Grey Market Premium (GMP) is ₹25 per share, indicating a potential listing gain of around 15% over the upper price band of ₹165
