Shringar House of Mangalsutra Limited
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₹21(12.73%)
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Shringar House of Mangalsutra Limited's successfully transitioned to public market status with its listing on NSE, BSE on Sep 17, 2025. The IPO mobilized 2,43,00,000 Shares in cumulative capital, including 2,43,00,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹155 to ₹165, with minimum investment lots of 90 shares. subscription activity between Sep 10, 2025 and Sep 12, 2025 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Sep 15, 2025, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shringar House of Mangalsutra Limited, incorporated in January 2009, specializes in designing and manufacturing Mangalsutras in India. The company offers a wide collection featuring American diamonds, cubic zirconia, pearls, and semi-precious stones, crafted in 18k and 22k gold for its B2B clients. Its products are supplied to corporate clients, wholesalers, and retailers across India, as well as exported to countries including the UK, New Zealand, UAE, USA, and Fiji. Its client base includes renowned names such as Malabar Gold, Titan, GRT Jewellers, Reliance Retail, Joyalukkas, and Damas Jewellery (UAE). As of September 30, 2024, the company had served 31 corporate clients, 76 wholesalers, and 731 retailers, with higher figures recorded in Fiscal 2024. During the six months ending September 30, 2024, and in Fiscal 2024, 2023, and 2022, the company processed 638.48 kgs, 1,221.19 kgs, 1,272.11 kgs, and 870.26 kgs of bullion into Mangalsutras, generating revenues of ₹115.48 million, ₹193.24 million, ₹156.47 million, and ₹99.98 million respectively. As of December 31, 2024, it employed a 12-member in-house design team, 182 in-house Karigars, and partnered with third-party Karigars to meet increasing demand while staying aligned with market trends.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Product Range – Wide portfolio with 15+ collections and 10,000+ SKUs across traditional, bridal, contemporary, and customized Mangalsutras.
- Efficient In-House Manufacturing – Integrated 8,300 sq. ft. facility with 2,500 kg annual capacity ensuring smooth production.
- Authenticity & Quality – Every product carries HUID hallmarking with strict quality checks for durability and trust.
- Client Dependence – Heavy reliance on corporate clients, wholesalers, and retailers without long-term contracts exposes revenue to order cancellations.
- Working Capital Intensive – High capital requirements may strain liquidity and impact growth if funding is unavailable or costly.
- Single Facility Risk – Dependence on one Mumbai unit makes operations vulnerable to shutdowns, slowdowns, or under-utilization.
- Chetan N Thadeshwar
- Mamta C Thadeshwar
- Viraj C Thadeshwar
- Balraj C Thadeshwar
Shringar House of Mangalsutra Limited
Link Intime India Private Ltd (MUFG)