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InvestmentsIPOShringar House of Mangalsutra IPO

Shringar House of Mangalsutra IPO

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Open Date

10 Sep 2025

Close Date

12 Sep 2025

Min Investment

₹ 13,950

Max Investment

₹ 5,00,000

Lot Size

90

Issue Size

₹ 400.95 Cr

Price Range

₹ 155 - ₹ 165
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
10 Sep 2025
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IPO Offer Ends
12 Sep 2025
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Allotment Finalisation
15 Sep 2025
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Refund Initialisation
16 Sep 2025
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Non-Institutional Buyers (sHNI)
16 Sep 2025
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Listing of Shares
17 Sep 2025
IPO Subscription Details as on 14 Dec 2025, 06:35 AM
Qualified Instituational Buyers (QiB)
75 x
Retail
12.76 x
Employees
33.38 x
Non-Institutional Buyer (bHNI)
44.69 x
Non-Institutional Buyer (sHNI)
37.07 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is engaged in the business of manufacturing and selling Mangalsutras. It has an established client base with long-standing relationships. The company focuses on design innovation and offers a diversified product portfolio. Quality assurance and quality control of Mangalsutras are key priorities. The company is led by experienced Promoters and a professional management team. Its growth strategies include establishing a supply chain network to reach untapped geographical regions, growing relationships with existing clients, investing in marketing and brand building initiatives, augmenting fund-based capacities to scale up business operations, and continuing to focus on reducing operating costs and improving operational efficiency.
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Founded In

2009

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CEO

Viraj C Thadeshwar

Financials of Shringar House Of Mangalsutra IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue95,021.701,10,152.301,42,981.50
Other Income107.70118.5030.10
Total Income
95,129.401,10,270.801,43,011.60
Total Expenses
91,985.901,06,054.901,34,832.00
Profit Before Tax3,143.504,215.908,179.60
Total Profit
2,335.803,110.506,111.40

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
To fund incremental working capital requirement of the Company, including maintaining inventories for showcasing Mangalsutra collection, supporting increased credit terms for customers, and expanding geographical reach through third-party intermediaries.28,000
For strategic initiatives, brand building, strengthening marketing activities, capital expenditure, ongoing general corporate exigencies, and other purposes as approved by the Board subject to compliance with regulatory provisions.-
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  • Established client base and long-standing relationships: The company has built long-term relationships with key clients over 15 years of operations. It serves a diverse range of clients including corporate clients, wholesale jewellers, and retailers across 24 states and 4 union territories in India, as well as international clients in countries like the UK, New Zealand, UAE, USA and Fiji.
  • Design innovation and diversified product portfolio: The company offers a wide range of Mangalsutra designs across various styles and price points. It has over 15 collections and more than 10,000 active SKUs. The company has a dedicated in-house design team of 22 full-time employees focused on developing new products and designs aligned with latest trends and customer preferences.
  • Integrated manufacturing facility: The company has an 8,300 sq ft integrated manufacturing facility equipped to produce a variety of Mangalsutras. It has an installed manufacturing capacity of 2500 kg per annum as of March 31, 2025. The facility combines advanced machinery with a team of 166 in-house artisans to create unique and high-quality products.
  • Quality assurance and control: The company has rigorous quality control measures involving checking each piece at every stage of manufacturing using XRF machines and steel pin detectors. Products undergo thorough inspection and are hallmarked by accredited third-party agencies to ensure high quality standards.
  • Continuously improving financial performance: The company has demonstrated strong revenue growth, with revenue from operations increasing from ₹9,502.17 million in FY2023 to ₹14,298.15 million in FY2025, representing a CAGR of 22.67%. Net profit after tax margin improved from 2.46% in FY2023 to 4.27% in FY2025.
  • Experienced promoters and professional management team: The company's promoters have extensive experience in the jewellery industry, with the main promoter having over 40 years of experience. The management team comprises qualified professionals with experience in various business functions, enabling the company to scale operations in domestic and international markets.

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