Shringar House of Mangalsutra IPO, covering its IPO date, review, pricing, and allotment details
Shringar House IPO: A Comprehensive Overview
1. IPO Dates & Timeline
- Opening Date: The IPO is open for subscription from September 10, 2025, to September 12, 2025.
- Anchor Investor Allocation: Set to occur a day earlier, on September 9, 2025.
- Allotment Finalization: Expected on September 15, 2025.
- Refunds & Credit to Demat: Refunds and share credits likely begin on September 16, 2025.
- Listing Date: Tentatively scheduled for September 17, 2025, on both BSE and NSE.
2. Pricing & Investment Structure
- Price Band: ₹155 to ₹165 per share (face value ₹10).
- Lot Size: Each application must be in lots of 90 shares; at the upper price band, that’s ₹14,850 per lot.
Reservation Breakdown:
- Qualified Institutional Buyers (QIBs): Up to 50% of the issue.
- Retail Investors: At least 35% reserved.
- Non-Institutional Investors (NIIs): At least 15% reserved .
- Employee Reservation: Up to 20,000 equity shares reserved for employees .
3. Issue Size & Utilization of Funds
- Total Issue Size: Approximately ₹400.95–₹401 crore, comprising a fresh issue of about 2.43 crore equity shares—no offer-for-sale portion.
- Proceeds Allocation:
- Around ₹280 crore for working capital needs.
- Remaining funds to be used for general corporate purposes.
- Zerodha’s breakdown includes capital expenditure 280, general corporate 100.23, and miscellaneous 20.73 (in crores).
4. Company Profile & Financial Snapshot
- About the Company: Established in 2009, Shringar House specializes in designing and manufacturing Mangalsutras in 18k and 22k gold, embedding stones like American diamonds, cubic zirconia, pearls, etc., for a B2B clientele across India and abroad .
- Market Presence: Holds approximately 6% market share in India’s organized Mangalsutra segment as of 2023 .
- Annual Financials (FY24 to FY25):
- Revenue: Increased from ~₹1,101 crore to around ₹1,430 crore (+30%).
- Profit After Tax (PAT): Grew from ~₹31 crore to ~₹61 crore (+96%).
5. Allotment & Listing Logistics
- Allotment Process: Expected on September 15, 2025, with refunds and demat credit following on September 16.
- Listing: Shares to list on September 17, 2025
Summary Table: Key IPO Highlights
| IPO Attribute | Details |
|---|---|
| IPO Dates | Sep 10–12, 2025 |
| Anchor Date | Sep 9, 2025 |
| Price Band | ₹155 – ₹165 per share |
| Lot Size | 90 shares (min. ₹14,850) |
| Issue Size | ~₹401 crore via ~2.43 crore shares |
| Utilization | ~₹280 crore (Working Capital); Remainder (Corporate Purposes) |
| Financials (FY25) | ₹1,430 crore revenue; ₹61 crore PAT |
| Allotment | Sep 15; Refunds & Demat Credit: Sep 16 |
| Listing | Sep 17, 2025 (BSE & NSE) |
Final Thoughts
Shringar House’s IPO arrives at an opportune moment—a jewellery segment gaining traction and investor interest. The company’s strong financial performance, combined with a well-defined fund-utilization plan, and clear allotment schedule make it worth a close look for potential investors.