Exciting Shringar House of Mangalsutra IPO: Key Details, Financials and Insights
Exciting Shringar House of Mangalsutra IPO: Key Details, Financials and Insights
The highly anticipated Shringar House of Mangalsutra IPO is set to open its doors to investors from September 10 to September 12, 2025. This initial public offering (IPO) seeks to raise approximately ₹400.95 crores, with a price band ranging between ₹155 to ₹165 per share. In this article, we will explore the vital information regarding the IPO, company overview, financial highlights, and everything related to this promising investment opportunity.
Company Overview
Founded in 2009, Shringar House of Mangalsutra specializes in designing and manufacturing exquisite Mangalsutras, a traditional symbol of marriage in India. Headquartered in Mumbai, the company has built a strong legacy in the jewelry industry, offering products crafted in both 18k and 22k gold.
With an expansive manufacturing capacity, the company has established itself as a leader in the market, catering primarily to Indian women. Despite intense competition, Shringar has positioned itself as a premium brand with a significant emphasis on quality and craftsmanship.
IPO Details
- IPO Type: Mainline
- Issue Size: ₹400.95 crores (Fresh issue of 2.43 crore shares)
- Price Band: ₹155 – ₹165 per share
- Lot Size: 90 shares
- GMP (Grey Market Premium): ₹25
- Open Date: September 10, 2025
- Close Date: September 12, 2025
- Allotment Date: September 15, 2025
- Listing Date: September 17, 2025
IPO Objectives
The funds raised through the IPO will primarily be utilized for:
- Expansion of manufacturing capabilities and retail presence.
- Investment in enhancing brand awareness and marketing.
- Working capital requirements.
Financial Highlights
Analyzing the financial performance over the past three years, Shringar House of Mangalsutra has shown steady growth:
- FY2022: Revenue: ₹1,100 crores, PAT: ₹31 crores
- FY2023: Revenue: ₹1,200 crores, PAT: ₹45 crores
- FY2024: Revenue: ₹1,430 crores, PAT: ₹61 crores with a significant YoY growth of 96.5%
The company’s Return on Equity (ROE) has stabilized around 18%, indicating efficient utilization of shareholders’ equity.
Peer Comparison
In comparison to its peers, Shringar House of Mangalsutra displays favorable financial metrics:
- PE Ratio: 18.53
- ROE: 18%
- Market Capitalization: ₹1,591 crores
Strengths
- Established brand with a loyal customer base.
- Diverse product range tailored to contemporary and traditional preferences.
- Strong manufacturing and design capabilities.
- Robust distribution network across major cities in India.
Risks
- Dependence on the ability to protect unique designs and brand.
- Fluctuations in gold prices impacting manufacturing costs.
- Potential regulatory challenges regarding jewelry and product standards.
Expert Verdict
Given the strong brand position, consistent financial performance, and potential for growth in the Indian jewelry market, the Shringar House of Mangalsutra IPO presents a potential investment opportunity. However, investors should be vigilant about market and operational risks.
Subscription Status
The subscription status for the Shringar House of Mangalsutra IPO will be available post the closure of the IPO period. It is expected to receive a positive response from QIBs, NIIs, and retail investors, bolstered by its strong brand and market presence.
Allotment & Listing Timeline
- Allotment Date: September 15, 2025
- Refund Initiation Date: September 16, 2025
- Share Credit Date: September 16, 2025
- Listing Date: September 17, 2025
FAQs
- What is the price band for the Shringar IPO?
The price band is set between ₹155 and ₹165 per share. - When does the IPO open for subscription?
The IPO opens on September 10, 2025, and closes on September 12, 2025. - How can I apply for the Shringar IPO?
You can apply for the IPO through various online platforms like Zerodha or other brokerage applications.