SHRINAGAR HOUSE OF MANGALSUTRA LIMITED

Price Band

₹ 155 - ₹ 165

Bid Lot

90 Shares

SHRINAGAR HOUSE OF MANGALSUTRA LIMITED

10-Sep-2025 - 12-Sep-2025

Price Band

₹ 155 - ₹ 165

Minimum Investment

₹ 14850.00

Bid Lot

90 Shares

Shares

24,300,000

IPO Details

QIB
50%

(12,140,000 Shares)RS.200.31 CR

HNI 1
5%

(1,214,000 Shares)RS.20.03 CR @ 963 FORM 1X

HNI 2
10%

(2,428,000 Shares)RS.40.06 CR @ 1927 FORM 1X

Retail
35%

(8,498,000 Shares)RS.140.22 CR @ 94422 FORM 1X

Employee
0%

(20,000 Shares)RS.0.30 CR

Timeline

  • 10

    Sep-2025

    Open Date

  • 12

    Sep-2025

    Close Date

  • 15

    Sep-2025

    Basis of Allotment Date

  • 16

    Sep-2025

    Initiation of Refunds

  • 16

    Sep-2025

    Credit of Shares to Demat A/C

  • 17

    Sep-2025

    IPO Listing Date

HNI Cost

About Company

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.

Strengths

Competitve Strength

  • 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.

Company Promoters

Company Financials

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 ? Crore
 

Objects of the Issue

The Company Shringar House of Mangalsutra IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Funding Working Capital requirements of the Company 280.00
2 General Corporate purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on Easy Investing’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

FAQs

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