Shringar House of Mangalsutra IPO will open on September 10, 2025, and close on September 12, 2025. It is a Book Built Issue through which the company aims to raise approximately ₹400.95 crores, comprising a fresh issue of ₹400.95 crores along with an offer for sale of up to [.] equity shares with a face value of ₹10 each.

The IPO price band has been fixed at ₹155 to ₹165 per share. The quota allocation is 35% for retail investors, 50% for QIBs, and 15% for HNIs. Shringar House of Mangalsutra IPO is scheduled to list on both BSE and NSE on September 17, 2025, while the allotment date is set for September 15, 2025.

On the financial front, the company reported revenue of ₹1,430.12 crores in 2025 compared to ₹1,102.71 crores in 2024. Its profit increased to ₹61.11 crores in 2025 from ₹31.11 crores in 2024. Based on these financials, the IPO is considered attractive for investors with a long-term view.

About Shringar House of Mangalsutra IPO

Shringar House of Mangalsutra Limited, established in January 2009, is a leading manufacturer and designer of mangalsutras in India. The company crafts a wide variety of designs using American diamonds, cubic zirconia, pearls, and semi-precious stones, producing mangalsutras in both 18k and 22k gold for its B2B clients.

As of December 31, 2024, the company had a 12-member design team along with 182 in-house karigars. Its products are supplied to international markets including the United Kingdom, New Zealand, the UAE, the USA, and the Republic of Fiji, serving corporate clients, wholesale jewellers, and retail outlets. Some of its prominent clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE). In FY24, the company catered to 33 corporate clients, 96 wholesalers, and 832 retailers.