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Open
10 Sep 2025
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Close
12 Sep 2025
3
Allotment
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Listing
Wed, Sep 17, 2025
Price Band
₹155 to ₹165
Issue Size
2,43,00,000 shares (agg. up to ₹401 Cr)
Lot Size
90 Shares
Listing Date
Wed, Sep 17, 2025
Latest GMP
₹21
Est. Gain
12.73%
✦ AI Insight
GMP Trend
17-09-2025₹21Est. ₹186+12.73%
16-09-2025₹21Est. ₹186+12.73%
15-09-2025₹27Est. ₹192+16.36%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 42.24x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 375.75 | 265.00 | 211.55 |
| Total Income | 1,430.12 | 1,102.71 | 951.29 |
| Profit After Tax | 61.11 | 31.11 | 23.36 |
| EBITDA | 92.61 | 50.76 | 38.89 |
| NET Worth | 200.85 | 136.85 | 105.72 |
| Reserves and Surplus | 123.72 | 125.72 | 94.62 |
| Total Borrowing | 123.11 | 110.09 | 93.19 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| BlueStone Jewellery & Lifestyle Ltd. | Mainboard | ₹1,540.65 Cr | ₹517 | null | ₹546.00 | +5.61% | ₹605.20 (-3.42%) |
| Shanti Gold International Ltd. | Mainboard | ₹360.11 Cr | ₹199 | 19.24 | ₹229.38 | +15.27% | ₹213.16 (+0.05%) |
| P N Gadgil Jewellers Ltd. | Mainboard | ₹1,100.00 Cr | ₹480 | 36.7 | ₹793.30 | +65.27% | ₹595.05 (-0.25%) |
| Pushpa Jewellers Ltd. | SME | ₹98.65 Cr | ₹147 | 12.44 | ₹117.60 | -20.00% | ₹118.05 (-0.13%) |
| AJC Jewel Manufacturers Ltd. | SME | ₹15.39 Cr | ₹95 | 12.73 | ₹95.39 | +0.41% | ₹105.33 (+4.99%) |
| Manoj Jewellers Ltd. | SME | ₹16.20 Cr | ₹54 | 9.97 | ₹53.77 | -0.43% | ₹31.80 (-3.64%) |
| Kenrik Industries Ltd. | SME | ₹8.75 Cr | ₹25 | 20.74 | ₹26.26 | +5.04% | ₹7.87 (+4.93%) |
| Retaggio Industries Ltd. | SME | ₹15.50 Cr | ₹25 | 7.01 | ₹25.20 | +0.80% | ₹50.87 (+4.99%) |
| Divine Hira Jewellers Ltd. | SME | ₹31.84 Cr | ₹90 | null | ₹85.50 | -5.00% | ₹112.40 (-0.44%) |
| Kabra Jewels Ltd. | SME | ₹40.00 Cr | ₹128 | 10.03 | ₹255.35 | +99.49% | ₹105.00 (+0.96%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 280.00 |
| 2 | General Corporate Purposes | 78.88 |
| 3 | Issue expenses | 42.04 |
| Total | 400.92 |
About Shringar House of Mangalsutra IPO
Incorporated in January 2009, Shringar House of Mangalsutra Limited manufactures and designs Mangalsutra in India. The company designs, manufactures, and markets a diverse collection of Mangalsutra featuring various stones like American diamonds, cubic zirconia, pearls, and semi-precious stones, using 18k and 22k gold for its business-to-business (B2B) clients. The company sells its products to corporate clients, wholesale jewellers, and retailers nationwide. The company serve a diverse client base, including corporate clients, wholesale jewellers, and retailers across India, with a presence in 24 states and 4 union territories. In addition, The company expanded internationally to the UK, New Zealand, UAE, USA, and Fiji during Fiscals 2023 to 2025. The company’s domestic and international corporate clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers, Reliance Retail, Joyalukkas India, and Damas Jewellery (UAE), among others As of March 31, 2025, the company has served 34 corporate clients,1,089 wholesalers, and 81 retailers. Shringar House of Mangalsutra Limited also manufacture and supply Mangalsutras on a job-work basis to our Corporate Clients. For the Fis
Contact Details
Shringar House of Mangalsutra Ltd. AddressUnit No.B-1, Lower Ground FloorJewel World (Cotton Exch Bldg)175, Kalbadevi Rd, BhuleshwarMumbai, Maharashtra, 400002+91 90044 29107cs@shringar.msVisit Website