Shringar House of Mangalsutra IPO is a book-built issue aiming to raise ₹400.95 crore. It comprises of fresh issue of 2.43 crore equity shares aggregating to ₹400.95 crore. The bidding window was open from September 10, 2025, to September 12, 2025, with the IPO allotment to be finalised on September 15, 2025. Shringar House of Mangalsutra is scheduled to list on BSE and NSE on September 17, 2025.
The IPO was priced at ₹155–₹165 per share with a lot size of 90 shares. The public issue received bids for 1,02,62,35,800 shares against 1,70,16,000 shares available, resulting in an overall subscription of 60.31 times. QIBs led the response, subscribing 101.41 times their quota, followed by NIIs at 82.58 times and retail investors at 27.26 times.
Shringar House of Mangalsutra’s ₹400.95 crore IPO, priced at ₹155–₹165 per share, was subscribed 60.31 times overall. The IPO consists of a fresh issue of 2.43 crore equity shares aggregating to ₹400.95 crore. Bidding took place from September 10 to September 12, 2025, with the Shringar House of Mangalsutra IPO allotment status on September 15, 2025. Retail investors subscribed 27.26 times and NIIs 82.58 times. Listing is expected on September 17, 2025.
The table below breaks down the Shringar House of Mangalsutra share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 1,21,40,000 (49.96%) |
| − Anchor Investor Shares Offered | 72,84,000 (29.98%) |
| − QIB (Ex. Anchor) Shares Offered | 48,56,000 (19.98%) |
| NII (HNI) Shares Offered | 36,42,000 (14.99%) |
| − bNII > ₹10L | 24,28,000 (9.99%) |
| − sNII < ₹10L | 12,14,000 (5.00%) |
| Retail Shares Offered | 84,98,000 (34.97%) |
| Employee Shares Offered | 20,000 (0.08%) |
| Total Shares Offered | 2,43,00,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 101.41 |
| Non-Institutional Investors | 82.58 |
| Retail Individual Investors | 27.26 |
| Total shares | 60.31 |
Note: The subscription details are as of September 12, 2025
Shringar House of Mangalsutra is among the leading and specialised designers and manufacturers of Mangalsutras in India.
The company focuses exclusively on designing, manufacturing, and marketing a wide range of Mangalsutras in 18k and 22k purity of gold, often studded with American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones.
These products are offered primarily to business-to-business (B2B) clients, including corporate customers, wholesalers, and retailers across India and abroad.
The company contributed around 6% of the organised Mangalsutra market in India in CY23, reflecting its strong foothold in this niche jewellery segment. With more than 15 collections and over 10,000 active SKUs.
Shringar House of Mangalsutra has established a widespread domestic and international presence. Domestically, it caters to clients across 24 states and 4 union territories, while internationally, it has expanded into the United Kingdom, New Zealand, UAE, USA, and Fiji.
As of March 31, 2025, the company served 34 corporate clients, 1,089 wholesalers, and 81 retailers. It also undertakes job-work manufacturing for its corporate customers. For fiscals 2025, 2024, and 2023, the company processed 1,320.72 kgs, 1,221.19 kgs, and 870.26 kgs of bullion, generating revenues of ₹264.83 million, ₹193.24 million, and ₹156.47 million, respectively.
The company traces its origins to 2009, when it was incorporated as Shringar House of Mangalsutra Private Limited to bring structure and corporate governance to its operations.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 12, 2025, 6:44 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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