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SHRINGARMSEQ / NSE, BSEListed
Shringar House of Mangalsutra

Shringar House of Mangalsutra Limited, incorporated in January 2009, specializes in designing and manufacturing Mangalsutras in India. The company offers a wide collection featuring American diamonds, cubic zirconia, pearls, and semi-precious stones, crafted in 18k and 22k gold for its B2B clients. Its products are supplied to corporate clients, wholesalers, and retailers across India, as well as exported to countries including the UK, New Zealand, UAE, USA, and Fiji. Its client base includes renowned names such as Malabar Gold, Titan, GRT Jewellers, Reliance Retail, Joyalukkas, and Damas Jewellery (UAE). As of September 30, 2024, the company had served 31 corporate clients, 76 wholesalers, and 731 retailers, with higher figures recorded in Fiscal 2024. During the six months ending September 30, 2024, and in Fiscal 2024, 2023, and 2022, the company processed 638.48 kgs, 1,221.19 kgs, 1,272.11 kgs, and 870.26 kgs of bullion into Mangalsutras, generating revenues of ₹115.48 million, ₹193.24 million, ₹156.47 million, and ₹99.98 million respectively. As of December 31, 2024, it employed a 12-member in-house design team, 182 in-house Karigars, and partnered with third-party Karigars to meet increasing demand while staying aligned with market trends.

₹155 - ₹16560.29x sub
Listed Price₹188.50
Listing Gain+14.24%

IPO Schedule & Timeline

Bookbuilding IPO
Open10 Sep 2025
Close12 Sep 2025
Allotment15 Sep 2025
Listing17 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor72,84,000 shares
29.98%
QIB48,56,000 shares
19.98%
HNI36,42,000 shares
14.99%
Retail84,98,000 shares
34.97%
Employees20,000 shares
0.08%

Minimum Application Lots

Retail1 Lot (90 shares)
₹14,850
sHNI14 Lots (1,260 shares)
₹2,07,900
bHNI68 Lots (6,120 shares)
₹10,09,800

Company Promoters

Chetan N ThadeshwarMamta C ThadeshwarViraj C ThadeshwarBalraj C Thadeshwar

Company Background

Shringar House of Mangalsutra Limited, incorporated in January 2009, specializes in designing and manufacturing Mangalsutras in India. The company offers a wide collection featuring American diamonds, cubic zirconia, pearls, and semi-precious stones, crafted in 18k and 22k gold for its B2B clients. Its products are supplied to corporate clients, wholesalers,...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹1430.12 Cr
Growth+50.3%
Revenue Trend (₹ in Crores)
0.0548.21.1k1.6kMar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-251,430.1261.11375.75123.11
Mar-241,102.7131.11265110.09
Mar-23951.2923.36211.5593.19

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-258.570%32.43%19.4726.04
Mar-244.390%21.52%00
Mar-233.290%19.46%00

Peer Comparison & Valuation

Financial Performance

Utssav CZ Gold Jewels Ltd

NAV/Share (₹)53.23
RONW(%)30.94
EPS (Basic) (₹)11.63

Shringar House of Mangalsutra Limited

NAV/Share (₹)27.84
RONW(%)36.20
EPS (Basic) (₹)8.57

RBZ Jewellers Ltd

NAV/Share (₹)61.26
RONW(%)17.15
EPS (Basic) (₹)9.7

Sky Gold & Diamonds Limited

NAV/Share (₹)46.61
RONW(%)28.59
EPS (Basic) (₹)9.44

Valuation

Utssav CZ Gold Jewels Ltd

P/E(X)16.85
CMP* (₹)NA
Face value (₹)10

Shringar House of Mangalsutra Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10

RBZ Jewellers Ltd

P/E(X)13.37
CMP* (₹)NA
Face value (₹)10

Sky Gold & Diamonds Limited

P/E(X)28.73
CMP* (₹)NA
Face value (₹)10

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Ltd (MUFG)

Allotment Finalized
Allotment Date
15 Sep 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Ltd (MUFG)
Listing Date
17 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Ltd (MUFG)

Direct allotment verification on the official registrar portal appointed for Shringar House of Mangalsutra. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 Sep 2025Trading commences on exchange

How to Check Shringar House of Mangalsutra Allotment Online

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3Enter Details

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Prospectus & Official Filings

Allotment FAQs & Help

About Shringar House of Mangalsutra IPO

Complete issue overview for Shringar House of Mangalsutra (SHRINGARMS) IPO. The issue features an equity share price band of ₹155 – ₹165 per share with a minimum retail lot size of 90 Shares (minimum application amount of ₹14,850). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions