Shringar House of Mangalsutra IPO: GMP, Price Band, Key Dates & Financial Highlights
- Krishna Priya
- 6 hours ago
- 2 min read
The company has set a price band of ₹155–₹165 per share. Retail investors can apply for a minimum of 90 shares, requiring a minimum investment of ₹14,850 at the upper price band.
IPO Snapshot
Total Issue Size | ₹400.95 Cr |
Fresh Issue | ₹400.95 Cr |
Offer for Sale | — |
Price Band | ₹155 – ₹165 per share |
Face Value | ₹10 per share |
Lot Size | 90 shares |
Minimum Investment | ₹14,850 (at upper band) |
Listing | NSE & BSE |
IPO Opens | September 10, 2025 |
IPO Closes | September 12, 2025 |
Incorporated in 2009, Shringar House of Mangalsutra Limited designs, manufactures, and markets a wide range of Mangalsutras using 18k and 22k gold with stones such as American diamonds, cubic zirconia, pearls, and semi-precious stones. The company caters to corporate clients, wholesalers, and retailers across India, with a presence in 24 states and 4 union territories, and has also expanded internationally to markets like the UK, USA, UAE, New Zealand, and Fiji.
Financial Performance
Period Ended | Revenue (₹ Cr) | Profit After Tax (PAT) (₹ Cr) |
31 Mar 2025 | 1,429.82 | 61.11 |
31 Mar 2024 | 1,101.52 | 31.11 |
31 Mar 2023 | 950.22 | 23.36 |
Grey Market Premium (GMP)
Shringar House of Mangalsutra IPO last GMP is ₹29. With the price band cap of ₹165, Shringar House of Mangalsutra IPO’s estimated listing price is ₹194. The expected percentage gain/loss per share is 17.58%.
Peer Comparison
Company Name | CMP (₹) | Market Cap (₹ Cr) | P/E | Sales (₹ Cr) | OPM % | PAT 12M (₹ Cr) |
Shringar House of Mangalsutra | — | — | — | 1,429.82 | — | 61.11 |
Utssav CZ Gold | 189.00 | 450.15 | 17.96 | 646.32 | 6.03 | 25.06 |
RBZ Jewellers Ltd | 138.45 | 553.80 | 15.04 | 523.28 | 12.08 | 36.85 |
Sky Gold & Diamonds | 281.90 | 4,193.84 | 27.04 | 3,956.23 | 5.83 | 155.01 |
Use of Proceeds
The company intends to utilize the IPO proceeds primarily for funding its working capital requirements amounting to ₹280 crore. The balance funds will be allocated towards general corporate purposes, enabling the company to strengthen its overall operations and support future growth.
Want to read more?
Subscribe to finsightsbysquareleague.com to keep reading this exclusive post.
