Shringar House of Mangalsutra IPO: Investors’ Heart Winning Offer
Today, every investor is looking for new opportunities in the stock market, and when a company launches its IPO which combines tradition with modern style, the excitement naturally doubles. Shringar House of Mangalsutra IPO got exactly the same response. This IPO grabbed the attention of investors right from the beginning, and the subscription numbers surprised everyone.
Shringar House of Mangalsutra IPO Subscription Response
According to stock exchange data, Shringar House of Mangalsutra IPO has been subscribed 8.24 times so far. Against 1.70 crore shares of the company, investors placed bids for 14.02 crore shares. These figures clearly show that market participants are quite bullish about the growth prospects of this jewellery brand. The IPO opened on 10 September 2025 and will close on 12 September 2025. The price band has been fixed at Rs 155 to Rs 165 per share. The minimum lot size is 90 equity shares, in which investors can apply in multiples.
Size and Objectives of Shringar House of Mangalsutra IPO
The total size of the IPO is Rs 400.95 crore which is a completely fresh issue of equity shares. The main objective of the Company is to allocate Rs 280 crore for working capital, while the remaining funds will be used for general corporate purposes. This strategy implies that the Company wants to more aggressively scale its operations and market expansion.
Promoters and Shareholding Structure
Almost entire control of the pre-offer issued and paid-up equity share capital is with the promoters and promoter group. They collectively hold 7.21 crore equity shares, which is equivalent to 99.99% stake. Their stake will naturally be diluted after the IPO, but still their strong ownership base is a positive sign for investor confidence.
Shringar House of Mangalsutra Business Model
Shringar House of Mangalsutra is a company that designs, manufactures and markets the most iconic jewellery piece of Indian culture – Mangalsutra. The company’s portfolio includes 18k and 22k gold Mangalsutras, which use American diamonds, CZ stones, pearls and semi-precious gems. Today, it has 15+ unique collections and 10,000+ SKUs available, and it holds approximately 6% share in India’s organized Mangalsutra market.
The company’s B2B network is also quite impressive, as it serves 1,200+ clients across 24 states and 4 Union Territories. Big names like Malabar Gold, Titan, Reliance Retail and Joyalukkas are also included in their customer list. Not just India, the company also exports its Mangalsutras to countries like UK, UAE, USA, New Zealand and Fiji.
Manufacturing Strength and Workforce
The Maharashtra-based plant of Shringar House of Mangalsutra has the capacity to manufacture 2,500 kg of jewellery annually. This plant operates with the support of highly skilled 22 designers and 166 artisans. Due to this, the company is able to maintain both its design and quality, which is a strong USP in the jewellery market.
Strong Support of Anchor Investors
Even before the IPO launch, on 9 September 2025, the company raised Rs 853.87 crore from anchor investors. The company allotted 8.29 crore shares at Rs 103 per share to 59 anchor investors. The strong participation of anchor investors indicates that big institutional players also see promising long-term prospects of the company.
Financial Performance of Shringar House of Mangalsutra
Looking at the financial performance, Shringar House of Mangalsutra has recorded a consolidated net profit of Rs 1.74 crore for the 12 months ending March 31, 2025. The total income of the company during this period was Rs 158.88 crore. These figures clearly show that the company is currently in its expansion phase, and the fresh funds raised from the IPO are expected to see strong growth in both the scale and profitability of the company in the coming time.
Conclusion on Shringar House of Mangalsutra IPO
The jewellery market has always been an important part of India’s cultural and economic ecosystem. Shringar House of Mangalsutra IPO, with its strong subscription numbers, unique product line and wide B2B customer base, has proved that the market is optimistic about this brand. The company’s vision is clear – to take its operations to the national and global level by combining tradition with modern fashion and strong business practices.
Disclaimer:
All the information given in this article is based on verified stock exchange data and official company announcements. Stock market and IPO investments can be risky. Before taking any financial or investment decision, definitely take the advice of your financial advisor or certified expert.
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