Decoding Everything You Must Know About the Shringar House of Mangalsutra IPO

With a year-on-year growth rate of approximately 16% in CY23 and 8% in CY24, the Indian Mangalsutra market was valued at ₹192 billion in 2024. Moreover, at a projected Compound Annual Growth Rate (CAGR) of 5.8%, it is expected to become ₹303 billion in CY32. Amidst these trends, the Shringar Mangalsutra IPO is gearing up for its debut.

Choice Capital Advisors Private Limited is managing the Shringar House of Mangalsutra IPO, while MUFG Intime India Private Limited is entrusted with its registry. Check the allotment status.

Explore the Shringar House of Mangalsutra DRHP and RHP for a complete Shringar Mangalsutra IPO review.

Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Shringar Mangalsutra IPO Details: Company Profile

Particulars	Description
Promoters	Viraj C Thadeshwar, Chetan N Thadeshwar, Balraj C Thadeshwar and Mamta C Thadeshwar
Business	Top and most specialised designers and producers of Mangalsutra
Service offerings	Design, manufacturing and marketing Mangalsutras
Material used to make a Mangalsutra	Pearl, American diamond, mother of pearl, 18k and 22k purity of gold, semi-precious stones
Business Model	B2B
Market share	6% (Organised Market of CY23)
Domestic Market	24 states and 4 Union Territories
Foreign Market	United Kingdom, United States, New Zealand, UAE and the Republic of Fiji.
Clients	Malabar Gold Limited, Reliance Retail Limited, Titan Company Limited, etc.
SKUs	10,000
Manufacturing Facility	Maharashtra, India
Competitors	Sky Gold Ltd, Utssav CZ Gold Ltd and RBZ Jewellers Ltd

Explore the Shringar Mangalsutra IPO Review

Learn about the price, size, date, timetable, GMP, and other important aspects of the Shringar House of Mangalsutra IPO.

Shringar Mangalsutra IPO Date

Events	Date
Opening	10 September 2025
Closing	12 September 2025
UPI Mandate Ends	12 September 2025 (5 PM)
Allotment	15 September 2025
Refunds	16 September 2025
Shares Sent to Demat	16 September 2025
Listing Date	17 September 2025

Shringar Mangalsutra IPO Price and Size

Offer Type	Equity Shares	Value (₹ Crore)
Fresh Issue	24,300,000	400.95
Offer for Sale	NA	NA
Overall	24,300,000	400.95

Objectives of the offer

Requirement	Amount (₹ Million)
Working Capital Requirements	2,500.00
Other corporate needs	Undisclosed

Other takeaways

Particulars	Description
Face Value (₹)	10
Listing	BSE and NSE
Price Range (₹ per share)	155 to 165
Lot size (shares)	90

Categorisation of different investors

Investor	Allotment	Minimum (₹)	Maximum (₹)
QIB	Maximum 50% of the Issue	2 Lakhs	Undisclosed
NIB	Minimum 15% of the Issue	2 Lakhs	Undisclosed
RIB	Maximum 35% of the Issue	Undisclosed	2 Lakhs

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Key Financials

Particulars	2024	2023	2022
Revenue from Operation (₹ Million)	11,015.23	9,502.17	8,101.87
EBITDA (₹ Million)	507.56	388.86	300.82
EBITDA Margin (%)	4.61	4.09	3.71
PAT (₹ Lakhs)	311.05	233.58	202.65
PAT Margin (%)	2.82	2.46	2.50
Days Working Capital	63	54	56
ROCE (%)	21.52	19.46	22.14
RONW (%)	25.65	24.84	29.95
Debt Equity Ratio	0.80	0.88	1.19

Strengths and Risks

Discussed below are the strengths and risks associated with the Shringar Mangalsutra IPO.

Strengths

Solid connections and more than 15 years of retaining customers.
Domestic and global customer base.
Innovative and customised design.
Steady financial expansion accompanied by rising profit margins.

Risks

Revenue can be at risk due to the inability to safeguard distinctive Mangalsutra designs.
Continuity may be hampered by reliance on Promoters.
Unregistered designs run the danger of being copied by unaffiliated Karigars.
Revenue consistency and visibility are impacted by a highly confined clientele.

Are You Interested in The Shringar Mangalsutra IPO?

The Shringar Mangalsutra IPO GMP is unavailable, currently. However, the GMP might change soon. Stay updated with the latest GMP. Don’t forget to check the detailed Shringar Mangalsutra IPO analysis, along with their RHP and DRHP, before you decide to invest in any IPO.

Stay tuned with the live subscription status before hitting APPLY.

FAQs

1. How is the Shringar Mangalsutra IPO review?

Shringar Mangalsutra IPO is operating in the robust precious jewellery segment. The company has its key advantages and risks, which must be analysed before investing. For the latest sentiment, you can look for the GMP updates.

2. What is the Shringar Mangalsutra IPO date?

The IPO is opening on 10 September 2025 and closing on 12 September 2025. Check out the live subscription data in real time.

3. What is the Shringar Mangalsutra IPO price?

The company has aimed for a fresh issue alone, with ₹400.95 Crore. Also, don't forget to check the Shringar Mangalsutra IPO live subscription status before applying.

4. Do I need a demat account to bid for the Shringar Mangalsutra IPO?

Yes, a demat account is required to bid for the Shringar Mangalsutra IPO. Click here to get the ultimate list of the top demat account providers.

5. What is the Shringar Mangalsutra IPO GMP?

Currently, the IPO GMP is unavailable. However, it might change soon. Check the latest GMP status.