Shringar House of Mangalsutra IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The allotment process for Shringar House of Mangalsutra IPO is expected to be finalised on September 15, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as September 17, 2025.

Procedure to Check Shringar House of Mangalsutra IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “Shringar House of Mangalsutra”.
• Enter your PAN No. and application No. 
• Click “Submit”.

Procedure to Check Shringar House of Mangalsutra IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• In Issue Type, “Equity”.
• In Issue Name, select “Shringar House of Mangalsutra”.
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a robot”.
• Click “Submit”.

Procedure to Check Shringar House of Mangalsutra IPO Allotment Status on MUFG Intime India Private Limited (Registrar to the issue)

• Click here to visit MUFG Intime’s application status page. 
• Under, Please select company, select “Shringar House of Mangalsutra”.
• Enter any of the following details. 
  • PAN
  • App. No.
  • DP/Client ID  
  • Account No / IFSC
• Click “Submit”.

Shringar House of Mangalsutra IPO Overall Subscription Status 

[September 12, 2025, end of the day]

On Day 3, Shringar House of Mangalsutra IPO saw a subscription of 60.31 times. The public issue was overall subscribed 27.26 times in the retail category, 101.41 times in the QIB category, and 82.58 times in the NII category.

Also Read: Shringar House of Mangalsutra IPO Day 1 Subscription Status
Shringar House of Mangalsutra IPO Day 2 Subscription Status 

Shringar House of Mangalsutra - IPO Details

Shringar House of Mangalsutra IPO is a bookbuilding of ₹400.95 crores, consisting entirely of a fresh issue of up to 2.43 crore equity shares of face value ₹10 each. The issue price band is set at ₹155 to ₹165 per share.

The minimum lot size for an application is 90, and the minimum investment amount required by a retail investor is ₹14,850 (based on the upper price) for 90 shares. 

Choice Capital Advisors Private Limited is the book-running lead manager, and MUFG Intime India Private Limited (Formerly Link Intime Private Limited) is the registrar for the IPO.

Click here to check out recently closed IPOs.

Utilisation of Proceeds

The Company will utilise the net proceeds from the issue for the following purposes:

• Funding the Working Capital requirements of the Company.
• General Corporate purposes.

Explore other Upcoming IPOs on BSE and NSE.

Shringar House of Mangalsutra - GMP Details

According to InvestorGain, the Grey Market Potential (GMP) of Shringar House of Mangalsutra stood at ₹31 as of September 15, 06:57 A.M. The estimated listing price is expected to be ₹196 based on the upper price band of ₹165. The expected percentage gain per share is 18.79%.

About Shringar House of Mangalsutra Ltd

Shringar House of Mangalsutra Ltd, incorporated in 2009, is a Mumbai-based designer, manufacturer, and marketer of premium mangalsutras (traditional gold necklaces) studded with stones like American diamonds, pearls, cubic zirconia, and semi-precious materials in 18k and 22k gold. It is a major supplier in the B2B segment, holding around 6% of India’s organised mangalsutra market.

The company serves a strong domestic network, including corporate clients, wholesalers, and retailers across 24 states and 4 union territories. It also exports to markets in the UK, USA, UAE, New Zealand, and Fiji. 

The company also reported strong growth in revenue, which increased 29.8% from ₹1,101.5 crore in FY24 to ₹1,429.8 crore in FY25. Profit After Tax (PAT) also doubled from ₹31.1 crore in FY24 to ₹61.1 crore in FY25.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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