Shringar House of Mangalsutra IPO Opens on September 10: A Strong Bet in Jewelry Sector

Shringar House of Mangalsutra IPO Opens on September 10: A Strong Bet in Jewelry Sector

The much-anticipated Initial Public Offering (IPO) of Shringar House of Mangalsutra, a leading name in mangalsutra design and manufacturing, is set to open for subscription on September 10, 2025. With a price band of ₹155 to ₹165 per share, the company's IPO is attracting significant investor interest, supported by a promising grey market premium.

Shringar House of Mangalsutra, based in Mumbai, plans to raise ₹400.95 crore entirely through a fresh issue of 2.43 crore equity shares. The company boasts a robust clientele comprising prestigious brands such as Titan Company, Malabar Gold, and Reliance Retail, alongside an impressive retail and international presence in markets including the UK, UAE, USA, and New Zealand.

Financially, the company has shown strong growth, with revenues rising to ₹1,430.12 crores in fiscal 2025 and profits more than doubling to ₹61.11 crores. This growth trajectory, coupled with solid market positioning, makes the IPO an attractive opportunity for investors seeking exposure to the jewellery sector.

The IPO proceeds will be primarily used for working capital requirements and general corporate purposes, enabling Shringar House to expand manufacturing capabilities and enhance its market reach. The offering closes on September 12, 2025, with allotment expected by September 15 and listing on the BSE and NSE anticipated on September 17.

Retail investors can participate with a minimum investment of ₹14,850 for a lot of 90 shares. The strong grey market premium suggests potential listing gains around 15%, indicating healthy investor confidence in the stock.

This IPO represents a strategic opportunity for investors to enter a niche jewellery manufacturing sector through a well-established player with strong growth prospects.