Shringar House of Mangalsutra IPO Details

Shringar House of Mangalsutra, a Mumbai-based jeweller specializing in mangalsutras, has filed its Draft Red Herring Prospectus with SEBI, planning to raise capital through a mainboard IPO. The issue comprises a fresh issuance of equity shares, with a significant portion allocated to retail investors.

IPO Structure

Fresh Issue Size

The IPO consists of 2.43 crore equity shares issued as a fresh issue of capital. There is no Offer-for-Sale (OFS) component involved.

Face Value and Allocation

• Face Value: ₹10 per share
• Retail Allocation: 35% of the issue size

Company Overview

Shringar House of Mangalsutra is a niche player in the Indian jewellery industry, focusing exclusively on mangalsutras. As of CY23, the company held approximately 6% of the organized mangalsutra market, with operations spanning 24 Indian states and international presence in countries like the UK, USA, UAE, New Zealand, and Fiji.

Founded by the Thadeshwar family, the company combines a legacy of traditional craftsmanship with modern production capabilities, operating from an integrated manufacturing facility in Mumbai.

Financial Performance (FY2024)

• Revenue: ₹1,101.52 crore, demonstrating a 15.92% growth from FY2023
• H1 FY2025: Continued momentum across key metrics

Management & IPO Logistics

• Book Running Lead Manager: Choice Capital Advisors Pvt. Ltd.
• Registrar: MUFG Intime India Pvt. Ltd.
• IPO Structure: Book-built issue with allocations to QIBs, NIIs, and retail investors following SEBI norms

Use of Proceeds

The funds raised will support the company’s working capital, as well as general corporate purposes, details of which will be disclosed in the final prospectus.

Current Status & Timeline

• The DRHP was filed with SEBI on February 5, 2025
• Essential details such as the price band, lot size, bidding window, and listing dates remain undisclosed and are yet to be announced.

The Shringar House of Mangalsutra IPO marks a significant step for the Mumbai-based jeweller, offering ₹2.43 crore fresh shares with retail investors set to receive 35% allocation. With a strong market presence and growing financials, the company’s public debut is closely watched. Key details are pending, and investors should keep an eye on official updates regarding price bands and timing.

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