- Price Band of ₹155/– ₹165/- per Equity Share bearing face value of ₹10/- each (“Equity Shares”)
- Bid/Offer Opening Date – Wednesday, September 10, 2025 and Bid/Offer Closing Date – Friday, September 12, 2025.
- Minimum Bid Lot is 90 Equity Shares and in multiples of 90 Equity Shares thereafter.
Shringar House of Mangalsutra Limited has announced the launch of its maiden Initial Public Offering (IPO), fixing the price band at ₹155 to ₹165 per equity share of face value ₹10 each. The IPO will open for subscription on Wednesday, September 10, 2025, and close on Friday, September 12, 2025, with investors able to bid for a minimum of 90 equity shares and in multiples of 90 thereafter.
The IPO is entirely a fresh issue of shares up to 2,43,00,000 equity shares with no offer for sale component.
Incorporated in the year 2009, Shringar House of Mangalsutra is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutras adorned with various stones such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold. The company primarily serves its business-to-business (B2B) clients and holds approximately 6% of the organized Mangalsutra market in India as of CY23, according to a CareEdge Report.
Shringar House of Mangalsutra caters to a wide array of clients, including Corporate Clients, wholesale Jewellers, and retailers across 24 states and 4 union territories in India. Beyond its domestic market, the company has expanded its presence internationally, serving clients in the UK, New Zealand, the UAE, the USA, and the Republic of Fiji. Its marquee Corporate Clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers India Private Limited, Reliance Retail Limited, Novel Jewels Limited (Aditya Birla Group), Joyalukkas India Limited, and international names like Goldbox Enterprises Limited (UK), Sona Sansaar Limited (New Zealand), and Damas Jewellery LLC (UAE). As on March 31, 2025, the company served 34 corporate clients, 1089 wholesalers, and 81 retailers.
In addition to its core business, Shringar House of Mangalsutra also manufactures and supply Mangalsutras on a job-work basis to their Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras.
The company has an extensive portfolio of Mangalsutras, featuring over 15 collections and more than 10,000 active SKUs, offering designs for special occasions like weddings, festivals, and anniversaries, as well as everyday wear. Its collections include antique, bridal, traditional, contemporary, and Indo-western styles, catering to women of all ages with varying price points and weights.
As of June 30, 2025, Shringar House of Mangalsutra employed a dedicated in-house design team of 22 full-time employees focused on creating innovative designs that reflect the latest trends, customer preferences, and demographic needs. Additionally, the company works with 166 in-house Karigars (artisans) and collaborates with a network of third-party Karigars to meet the growing demand for its products.
Shringar House of Mangalsutra Limited, headquartered at Kalbadevi Road with its manufacturing facility in Lower Parel (West), Mumbai, has reported strong financial growth ahead of its IPO. The company’s revenue from operations rose to ₹1,429.81 crore in Fiscal 2025, compared to ₹1,101.52 crore in Fiscal 2024, while profit after tax nearly doubled from ₹31.10 crore to ₹61.11 crore over the same period.
Choice Capital Advisors Private Limited is acting as the sole book-running lead manager, with MUFG Intime India Private Limited appointed as registrar of the issue. Backed by consistent performance, brand strength, and growing demand in India’s jewellery sector, the maiden IPO of Shringar House of Mangalsutra is expected to draw significant investor attention and mark an important milestone in the company’s journey.
