shringar house of mangalsutra limited

shringar house of mangalsutra limited

SHRINGARMS • ISIN: INE1B3L01017

BSE, NSE

Listing Price: ₹188.5

+14.24% Gain
About Company

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 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, generating revenue of ₹264.83 million, ₹193.24 million and ₹156.47 million, respectively.

As ofJune 30, 2025, the company has 237 employees.

Competitve Strength


Established client base and long-standing relationships with the clients.
Design innovation and diversified product portfolio.
Integrated Manufacturing Facility.
Quality assurance and quality control of Mangalsutras.
Continuously improving financial performance.
Experienced Promoters and a professional management team.

Investment Objective

Funding Working Capital requirements of the Company

General Corporate purposes

₹155 to ₹165

Price Band

14.8K

Min Investment

90 shares

Lot Size

26.04x

P/E Ratio

Important Dates

Issue Opens

10 Sept 2025

Issue Closes

12 Sept 2025

Allotment

15 Sept 2025

Listing

17 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

75.00x

364,215,780 / 4,856,000 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

44.69x

108,518,580 / 2,428,000 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

37.19x

45,151,470 / 1,214,000 shares

Retail

Retail Individual Investors

13.21x

112,254,210 / 8,498,000 shares

Employee

Employee

35.82x

716,490 / 20,000 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersChoice Capital Advisors Pvt.Ltd.
Min Quantity90
Max Quantity3,030
Company Promoters
Chetan N Thadeshwar
Mamta C Thadeshwar
Viraj C Thadeshwar
+1 more
Website

https://www.shringar.ms/

Email

cs@shringar.ms

Phone+91 90044 29107
Address

Shringar House of Mangalsutra Ltd.
Unit No. B-1, Lower Ground Floor
Jewel World (Cotton Exch Bldg),
175, Kalbadevi Rd, Bhuleshwar,
Mumbai, Maharashtra, 400002