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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%

Subscription Status

60.29xTotal Demand
Updated 20 Oct 2026, 01:30 AM
QIB101.41x
🔥 Blockbuster Sizzling Demand!Offered: 48,56,000 sh
Nib82.58x
🔥 Blockbuster Sizzling Demand!Offered: 36,42,000 sh
Hnis(10l +)83.95x
🔥 Blockbuster Sizzling Demand!Offered: 24,28,000 sh
Hnis (2-10l)79.85x
🔥 Blockbuster Sizzling Demand!Offered: 12,14,000 sh
Retail27.22x
🔥 Blockbuster Sizzling Demand!Offered: 84,98,000 sh
Employees69.90x
🔥 Blockbuster Sizzling Demand!Offered: 20,000 sh
CategoryOfferedAppliedTimes
QIB48,56,00049,24,45,710101.41x
Nib36,42,00030,07,73,43082.58x
Hnis(10l +)24,28,00020,38,32,99083.95x
Hnis (2-10l)12,14,0009,69,40,44079.85x
Retail84,98,00023,12,98,47027.22x
Employees20,00013,98,06069.9x

Segment Subscription Demand

Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB8,125.3580.12101.41x
Fiis1,505.10Open
Fis5,5310Open
Mutual Funds78.080Open
Others1,011.170Open
Retail3,816.42140.2227.22x
Hnis 2+1,599.5220.0379.86x
Hnis 10+3,363.2440.0683.96x
Employees23.070.3369.91x

Application-wise Breakup

CategoryReservedAppliedTimes Sub.
Retail94,42223,06,74124.43x
Employees013,007Open
Hnis(10l +)1,92732,72416.98x
Hnis (2-10l)96374,66077.53x
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About Shringar House of Mangalsutra IPO Subscription Demand

Live subscription status and bidding analysis for Shringar House of Mangalsutra (SHRINGARMS) IPO. The issue is subscribed 60.29x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

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