About Shringar House of Mangalsutra:
The Company is among India’s leading and specialized designers and manufacturers of Mangalsutra (Source: CareEdge Report). It designs, manufactures, and markets a wide range of Mangalsutra featuring stones such as American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones in 18k and 22k gold purity to B2B clients, contributing approximately 6% of the organized Mangalsutra market in India in CY23.
About the Industry in which Shringar House of Mangalsutra operates:
In CY23, the Indian Mangalsutra market reached ₹178 billion, growing ~16% year-on-year, and is expected to grow 8% in CY24 to ₹192 billion. With a projected CAGR of 5.8%, it may reach ₹303 billion by CY32 (Source: CareEdge Report). Gold’s association with wealth, purity, and blessings supports the tradition of Mangalsutras, a key part of weddings. Diverse regional designs and increasing demand for personalized pieces are driving growth. The Company faces competition from both organized and unorganized sectors, including listed players like RBZ Jewellers, Utssav CZ Gold Jewels, and Sky Gold & Diamonds.
| Important Information and Timelines of the IPO of Shringar House of Mangalsutra: | |
|---|---|
| Open Date | 10 September 2025 |
| Close Date | 12 September 2025 |
| Total Issue Size – Number of Shares | 24300000 |
| Minimum Bid Price | 155 |
| Maximum Bid Price | 165 |
| Lot Size | 90 |
| Basis of Allotment | 15 September 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 16 September 2025 |
| Listing Date | 17 September 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Shringar House of Mangalsutra:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 90 | 14850 |
| Retail – Maximum | 13 | 1170 | 193050 |
| sHNI – Minimum | 14 | 1260 | 207900 |
| sHNI – Maximum | 67 | 6030 | 994950 |
| bHNI – Minimum | 68 | 6120 | 1009800 |
Objective of the IPO of Shringar House of Mangalsutra:
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To fund the working capital requirements of the Company.
-
To meet general corporate purposes.
Financials of Shringar House of Mangalsutra:
| Particulars | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Share Capital | 721.32 | 89.57 | 89.57 |
| Net Worth | 2,008.45 | 1,368.47 | 1,057.23 |
| Revenue from Operations | 14,298.15 | 11,015.23 | 9,502.17 |
| Profit / (Loss) after Tax | 611.14 | 311.05 | 233.58 |
| Earnings per Share (Basic) | 8.57 | 4.39 | 3.29 |
| Earnings per Share (Diluted) | 8.57 | 4.39 | 3.29 |
| Net Asset Value per Share | 27.84 | 19.29 | 14.90 |
| Total Borrowings | 1,231.11 | 1,100.91 | 931.87 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Shringar House of Mangalsutra. You will receive a UPI mandate after 10:00 AM on 10 September 2025.
###1. How to apply for the IPO of Shringar House of Mangalsutra on Dhan?
You can apply for the IPO of Shringar House of Mangalsutra from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Shringar House of Mangalsutra be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 16 September 2025. However, you will be able to see the shares of Shringar House of Mangalsutra on Dhan before the market starts on the listing date which is 17 September 2025.