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Shringar House of IPO
Price Band
₹155.0–165.0
Issue Size
₹400.95 Cr
Lot Size
90 shares
Min Investment
₹14,850
GMP
+₹21.0 (12.73%)
Issue Price
₹165.0
Subject to Sauda
₹1400
Paid only if allotted
Shringar House of IPO AI Summary
- Shringar House of IPO is listed on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹155.0–₹165.0 per share, lot size 90 shares (min. investment ₹14,850).
- Subscription window: 10 Sep–12 Sep 2025, listing on 17 Sep 2025.
- Current GMP is +₹21.0 (12.73%), an estimated listing price of ₹186 — unofficial and can change daily.
Shringar House of Mangalsutra Limited is set to list on September 17, 2025, with an issue price of ₹165.0. The company has shown consistent revenue and profit growth over the past three fiscal years, and it plans to use the IPO proceeds primarily for working capital and general corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shringar House of IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Sep 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shringar House of IPO Grey Market Premium (GMP) Today
GMP
+₹21.0
GMP %
+12.73%
Est. Listing
₹186.0
Updated: 25 Jul 2026 14:12
About the 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.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 375.75 | 265.00 | 211.55 |
| Total Income | 1,430.12 | 1,102.71 | 951.29 |
| Profit After Tax | 61.11 | 31.11 | 23.36 |
| EBITDA | 92.61 | 50.76 | 38.89 |
| NET Worth | 200.85 | 136.85 | 105.72 |
| Reserves and Surplus | 123.72 | 125.72 | 94.62 |
| Total Borrowing | 123.11 | 110.09 | 93.19 |
Key Ratios
EPS
₹8.47
NAV
₹27.84
ROCE
32.43%
RoNW
36.20%
P/B Value
5.93
P/E Ratio
19.47
Market Cap
₹1591.13 Cr
PAT Margin
4.27%
Debt/Equity
0.61
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sky Gold & Diamonds | 46.61 | 28.59% | 28.73 | 9.52 | 9.44 |
| RBZ Jewellers | 61.26 | 17.15% | 13.37 | 9.7 | 9.7 |
| Utssav CZ Gold Jewels | 53.23 | 30.94% | 16.85 | 11.63 | 11.63 |
| Shringar House of Mangalsutra This IPO | 27.84 | 36.2% | — | 8.57 | 8.57 |
Promoters
Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar and Balraj C Thadeshwar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 280.00 2 General Corporate Purposes 78.88 3 Issue expenses 42.04 Total 400.92
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹156.47 million in the fiscal year ending 31 Mar 2023, increasing to ₹193.24 million by 31 Mar 2024, and further rising to ₹264.83 million by 31 Mar 2025.
Profit Trend
Profit After Tax was ₹23.36 million in the fiscal year ending 31 Mar 2023, growing to ₹31.11 million by 31 Mar 2024, and reaching ₹61.11 million by 31 Mar 2025.
Valuation
At the issue price of ₹165.0, Shringar House of Mangalsutra has an implied P/E of approximately 19.47, compared to peers trading at P/E ratios of 13.37 to 28.73.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the stock in the grey market before it officially lists on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy, considering factors such as market conditions and company fundamentals.
Who May Want to Wait
Investors with a low risk tolerance or those looking for guaranteed short-term returns may want to avoid IPOs, as they can be volatile and the performance can vary significantly post-listing.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Shringar House of's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shringar House of IPO GMP today?
Shringar House of IPO GMP today is +₹21.0 (12.73%), indicating an estimated listing price of ₹186. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shringar House of IPO?
The price band of Shringar House of IPO is ₹155.0–₹165.0 per share.
When does Shringar House of IPO open and close?
Shringar House of IPO opens on 10 September 2025 and closes on 12 September 2025.
When does Shringar House of IPO list on the stock exchange?
Shringar House of IPO listed on 17 September 2025 at ₹186.0.
What is the lot size for Shringar House of IPO?
The lot size for Shringar House of IPO is 90 shares, requiring a minimum investment of ₹14,850.
What is the price band for the IPO?
The price band for the IPO is ₹155.0 to ₹165.0.
What is the minimum investment required?
The minimum investment required is ₹14,850.0.
What is the lot size for the IPO?
The lot size for the IPO is 90 shares.
What is the listing date for the IPO?
The listing date for the IPO is September 17, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the IPO shares over the issue price before they are listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Sep 2025
Close
12 Sep 2025
Allotment
15 Sep 2025
Listing
17 Sep 2025
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