- Issue price
- ₹165per share
- Issue size
- ₹400.92 Cr2,43,00,000 shares
- Face value
- ₹10per equity share
- Lot size
- 90 sharesMin. ₹14,850 at the upper price
- Anchor biddingTue, 2025
- OpensWed, 2025
- ClosesFri, 2025
- AllotmentTue, 2025Refunds and Demat credit same day
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 2,43,00,000 shares (₹400.92 Cr)
- Offer for sale
- None
- Total issue
- 2,43,00,000 shares (₹400.92 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 99.99% → 74.80%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.7%
- Anchor37.5%
- Big NII12.5%
- Small NII6.2%
- Employees0.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 84,98,000 | 43.70% | 35% |
| Non-institutional investors (NII) | 36,42,000 | 18.73% | 15% |
| Small NII (₹2–10 lakh) | 12,14,000 | 6.24% | — |
| Big NII (above ₹10 lakh) | 24,28,000 | 12.49% | — |
| Qualified institutional buyers (QIB) | 1,21,40,000 | 62.44% | 50% |
| Anchor investors | 72,84,000 | 37.46% | — |
| Employees | 20,000 | 0.10% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹165 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 90 | ₹14,850 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹15 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2025, pre-issue- EPS (basic)
- ₹8.57
- EPS (diluted)
- ₹8.57
- P/E (Fiscal 2025 at lower band)
- 18.09×
- P/E (Fiscal 2025 at upper band)
- 19.26×
- RoNW
- 36.20%
- NAV per share (At cap price)
- ₹62.4
- Debt to equity
- 0.61
- EBITDA margin
- 6.48%
- PAT margin
- 4.27%
- ROCE
- 32.43%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 202512 months | 31 Mar 202412 months | 31 Mar 202312 months |
|---|---|---|---|
| Revenue from operations | 1,429.82 | 1,101.52 | 950.22 |
| Total income | 1,430.12 | 1,102.71 | 951.29 |
| EBITDA | 92.61 | 50.76 | 38.89 |
| Profit after tax | 61.11 | 31.11 | 23.36 |
| Net worth | 200.85 | 136.85 | 105.72 |
| Reserves and surplus | 128.71 | 127.89 | 96.77 |
| Total assets | 375.75 | 265.00 | 211.55 |
| Total borrowing | 123.11 | 110.09 | 93.19 |
12 months vs 12 months: revenue +29.8%, profit after tax +96.5%.
Source: ProspectusUpdated
About the company
The company designs, manufactures and markets Mangalsutras studded with stones in 18k and 22k gold, selling mainly to business-to-business clients such as corporate jewellery brands, wholesalers and retailers. It operates a single integrated manufacturing facility in Mumbai and reports a sizeable share of the organised Mangalsutra market.
- Incorporated
- 2009
- Industry
- Jewellery Manufacturing
- Sector
- Consumer Goods
- CIN
- U36911MH2009PLC189306
- Website
- shringar.ms
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Chetan N Thadeshwar | 55.82% | 41.76% |
| Mamta C Thadeshwar | 28.91% | 21.62% |
| Viraj C Thadeshwar | 7.63% | 5.71% |
| Balraj C Thadeshwar | 7.63% | 5.71% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements | 280.00 |
| General corporate purposes | 78.88 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Shringar House of Mangalsutra LimitedIssuer | ₹8.57 | 19.26× | 36.20% | ₹27.84 |
| Utssav CZ Gold Jewels Ltd | ₹11.63 | 16.85× | 30.94% | ₹53.23 |
| RBZ Jewellers Ltd | ₹9.7 | 13.37× | 17.15% | ₹61.26 |
| Sky Gold & Diamonds Ltd | ₹9.52 | 28.73× | 28.59% | ₹46.61 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with a broad base of corporate, wholesale and retail clients across India and some overseas markets.
- Wide product range of over 15 collections and more than 10,000 active designs.
- Integrated in-house manufacturing under one roof.
- Revenue and profit have grown across the three reported fiscal years.
Risks
- A large share of revenue comes from a limited number of corporate clients and top clients, with no long-term contracts.
- Manufacturing capacity utilisation has been around 67-70% in recent years.
- Working capital needs and receivables have increased significantly, and borrowings are substantial.
- Funding requirements and deployment of net proceeds have not been appraised by any independent agency.
- Dependence on gold prices and a single manufacturing facility.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹165) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Shringar House of Mangalsutra IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 10 September 2025 and closes on Friday, 12 September 2025.
What is the Shringar House of Mangalsutra IPO price band?
The final issue price is ₹165 per share.
What is the lot size of the Shringar House of Mangalsutra IPO?
One lot is 90 shares, which is ₹14,850 at ₹165 per share.
Where will Shringar House of Mangalsutra shares list?
On NSE and BSE. The tentative listing date is Wednesday, 17 September 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Shringar House of Mangalsutra IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 16 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹280 Cr for funding working capital requirements, ₹78.88 Cr for general corporate purposes.
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Spotted something wrong?
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