Shringar House of Mangalsutra IPO Day 1: Check Subscription Status, GMP & Key Highlights
Shringar House of Mangalsutra launched its Initial Public Offering (IPO) today, on September 10, 2025, with an issue size of 400.95 crore. The bidding window will be open till September 12, 2025, for public subscription.
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.
Shringar House of Mangalsutra IPO Day 1 Subscription Status
[September 10, 2025, 11:24 A.M]
On Day 1, Shringar House of Mangalsutra IPO saw a subscription of 0.53 times so far, as per the NSE data. The IPO was subscribed 0.82 times in the Retail Individual Investors (RII) category, 0.53 times in the Non-Institutional Investors (NII) category and 3.23 times in the Employee category. It is yet to receive bids from the Qualified Institutional Buyers (QIB) category.
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 (90 shares) based on the upper price.
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.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Funding 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 Livemint, the Grey Market Potential (GMP) of Shringar House of Mangalsutra stood at ₹30 as of September 10, 11:24 A.M. The estimated listing price is expected to be ₹195 based on the upper price band of ₹165. The expected percentage gain per share is 18.18%.
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Source: Livemint Media Report dated September 10, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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.
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