- Shringar House of Mangalsutra IPO is reporting healthy grey market premium of ~ ₹31-32, in comparison to ~ 19-20% above issue price.
- Subscription is extremely strong (60× overall), reflecting good demand across all categories of investors.
- For buyers, this is a pointer to expected good listing performance, but caution must be exercised to evaluate valuation, business risks.
- GMP is just an indicator, not a promise. Must be one of several considerations in decision-making.
Shringar House of Mangalsutra IPO made a high of ₹165 on 13th September .
Reservation Structure:
Qualified Institutional Buyers (QIBs): Not more than 50% of the issue.
Retail Investors: Not less than 35% reserved.
Non-Institutional Investors (NIIs): Not less than 15% reserved.
Employee Reservation: Not more than 20,000 equity shares reserved for employees.
- Issue Size & Fund Utilisation
Total Issue Size: About ₹400.95–₹401 crore, including a fresh issue of about 2.43 crore equity shares—no offer-for-sale component.
Proceeds Utilisation:
About ₹280 crore for working capital requirements.
Unutilized funds to be utilized for general corporate purposes.
Zerodha’s division consists of capital expenditure 280, general corporate 100.23, and miscellaneous 20.73 (in crores). - Company Profile & Financial Snapshot
About the Company: Shringar House, founded in 2009, deals in designing and manufacturing Mangalsutras in 18k and 22k gold, setting stones such as American diamonds, cubic zirconia, pearls, etc., for a B2B customer base within India and overseas.
Market Presence: Maintains around 6% market share in India’s Mangalsutra organized segment as of 2023 .
Annual Financials (FY24 to FY25):
Revenue: Rises from ~₹1,101 crore to about ₹1,430 crore (+30%).
Profit After Tax (PAT): Inches up from ~₹31 crore to ~₹61 crore (+96%). - Allotment & Listing Logistics
Allotment Process: Tentative date of September 15, 2025, with refunds and demat credit on September 16.
Listing: Shares to be listed on September 17, 2025
| Detail | Information |
|---|---|
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹155 to ₹165 Per Share |
| Issue Size | Approx ₹400.95 Crores |
| Fresh Issue | Approx ₹400.95 Crores |
| Lot Size | 90 Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |