Shringar House of Mangalsutra IPO Opens 10 Sep - Check GMP, Allotment Status

Shringar House of Mangalsutra Ltd is launching an IPO. Shringar House of Mangalsutra Ltd based in Mumbai Maharashtra (India) will be one of a few new entrants to the Indian jewellery industry. The company specializes in the traditional jewellery industry, offering full mangalsutra and gold jewellery solutions across various jewellery segments. Many jewellery business opportunities exist with continually increasing wedding and festive jewellery demand in India, and some analysts are considering the potential of the company. The IPO is ₹165 per share, and now is the right time for investors to fluency to gain investment exposures to traditional jewellery companies.

Currently, it is showing Shringar House IPO GMP today ₹35-40 (21.21-24.24%) premium stand in the grey market. Greymarket is a market for securities not traded on or listed by a stock exchange, indicating the investors are willing to pay ₹35-40 more than the IPO price indicating many investors are looking for a piece of the company as an attraction of the potential growth in community in the industry.

Shringar House of Mangalsutra IPO Dates

The Shringar House of Mangalsutra Ltd IPO will open on September 10, 2025, and close on September 12, 2025. The allotment date is September 15, 2025, and listing will happen on September 17, 2025.

IPO Basic Details

To buy Shringar House shares, you need to invest at least ₹14,850 for 90 shares. The current GMP of 21.21-24.24% shows good demand from investors. This is one of the notable IPOs in the traditional jewellery sector this year.

About Shringar House of Mangalsutra Ltd

The company Shringar House of Mangalsutra Ltd is a traditional jewellery company located in Mumbai, Maharashtra, India, which is growing.  This company was created with the purpose to provide quality mangalsutra and gold jewellery, while establishing caring and dependable partners with the development of traditional jewellery in India.

Shringar House of Mangalsutra is well-positioned and eager to fulfil many of the needs for the development of traditional jewellery, with the supply of unique total jewellery solutions which are intended to be synonymous with the growing wedding and festivals jewellery requirements of India. Shringar House of Mangalsutra is committed to the highest quality standards, and to offer value-oriented jewellery solutions which will increasingly help the traditional jewellery growth of India.

The company wishes to diversify its jewellery portfolio and, to date, go even more visible in the available markets.  It plans to utilize the funds from this contemplated IPO to expand the geographic footprint of its business, develop new jewellery designs and technologies, invest in new manufacturing equipment, increase the production capabilities of its jewellery facilities, and fulfil the working capital requirements of all plans and activities.

The Registrar for the IPO is MUFG Intime India Private Limited (Link Intime). The company plans to use the proceeds from the IPO for the expansion of its operations, upgrading its jewellery manufacturing technology and equipment, improving productiondelivery, paying off debt, and working capital. Based on the continued growth of India's jewellery market, Shringar House of Mangalsutra has great opportunity for growth.

Shringar House of Mangalsutra Financial Performance

The company has shown consistent performance in recent years.

Financial Analysis

Shringar House of Mangalsutra achieved excellent results for the period of Mar 23 to Mar 25, with asset growth of 77.6% while the company increased total income by 50.3% to ₹1,430.12 Cr. Profit After Tax improved significantly from ₹23.36 Cr in Mar-23 to ₹61.11 Cr in Mar-25 which indicates that there were also some substantial improvements in operational performance and commercial execution. The EBITDA increased dramatically by 138.1%, indicating strong operational efficiency and operational margin improvements, to be at ₹92.61 Cr. The total net worth increased 90.0% to ₹200.85 Cr largely due to profitability improvements and retained earnings. Total borrowings increased from ₹93.19 Cr to ₹123.11 Cr indicating a requirement for funding for business expansion, or growth capital investments.

IPO Share Distribution

The shares will be divided as per SEBI rules:

Why Invest in Shringar House of Mangalsutra IPO?

Good Points

1. Jewellery Sector is Growing Strongly:
The jewellery market in India, particularly in the traditional jewellery category, has strong growth potential driven by increased wedding ceremonies, festive celebrations, and cultural traditions.

2. Consistent Growth in Profitability:
The Company has consistently grown profitability with PAT increasing from ₹23.36 Cr in FY 22/23 to ₹61.11 Cr in FY 24/25, showing 161.6% growth.

3. Excellent Operational Result:
The Company reported EBITDA growth of 138.1%, representing significantly improved operational performance from the previous year with better margins.

4. Strong Revenue Growth:
Total Income grew by 50.3% over two years, reflecting strong market demand and business growth.

5. Specialized Segment of Mangalsutra:
The Company operates in the specialized mangalsutra segment, which has steady demand due to cultural significance.

6. Good GMP:
The Company has an indicative GMP of 21.21-24.24%, showing reasonable investor confidence.

7. Traditional Jewellery Business:
The Company operates in the essential traditional jewellery industry, which enjoys consistent cultural demand.

8. Mumbai Location:
Being located in Mumbai provides access to significant jewellery markets and a large consumer base.

Risk Factors

1. Volatility in Gold Prices:
Jewellery businesses are very susceptible to fluctuations in gold prices, which can impact margins and consumer demand.

2. Higher Debt Levels:
Total debt increased from ₹93.19 Cr to ₹123.11 Cr, suggesting relatively higher financial leverage.

3. Working Capital Intensive:
Jewellery businesses require large working capital investments for managing inventory.

4. Competition from Organised Players:
Intense competition comes from organised large jewellery chains and branded players.

5. Regulatory Compliance:
Jewellery companies must meet significant regulatory requirements, including hallmarking and GST compliance.

6. Changes in Customer Preferences:
Shifts towards modern jewellery designs may impact traditional jewellery demand.

7. Seasonality of Demand:
Jewellery demand is highly seasonal, clustered around festivals and wedding seasons.

8. Raw Material Price Risk:
A high reliance on gold (and to a lesser extent silver) exposes profitability to precious metal price fluctuations.

How to Apply for Shringar House of Mangalsutra IPO?

Simple steps to apply (IPO opens September 10, 2025):

1. Open your trading app (Zerodha, Angel One, Groww, etc.)

2. Go to the IPO section

3. Find Shringar House of Mangalsutra IPO and click Apply

4. Fill details:

   • Number of lots (minimum 1 lot = 90 shares)

   • Bid price (₹165 or choose Cut-Off)

   • Your UPI ID

5. Submit application

6. Approve the UPI payment request on your phone

Important: Approve UPI payment before 5 PM on the same day or before IPO closes on September 12, 2025.

How to Check Shringar House of Mangalsutra IPO Allotment Status?

You can check if you have shares in two ways:

Check on NSE/BSE Website

1. Go to the NSE or BSE official website

2. Click on the IPO section

3. Select Shringar House of Mangalsutra IPO

4. Enter your PAN number or application number

5. Click submit to see results

Check on Registrar Website

1. Visit MUFG Intime India

2. Select IPO allotment status

3. Choose Shringar House of Mangalsutra IPO

4. Enter PAN or application number

5. Submit to check your allotment status

Company Address

Name: Shringar House of Mangalsutra Ltd
Address: Unit No. B-1, Lower Ground Floor, Jewel World (Cotton Exch Bldg), 175, Kalbadevi Rd, Bhuleshwar, Mumbai, Maharashtra, 400002
Phone: +91 90044 29107
Email: cs@shringar.ms
Website: https://www.shringar.ms/

IPO Registrar

Name: MUFG Intime India Private Limited (Link Intime)
Phone: +91 22 4918 6270
Email: ipo.helpdesk@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial\_Offer/public-issues.html
Address: Link Intime India Private Ltd, C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083

Final Thoughts

Shringar House of Mangalsutra Ltd appears to offer a real opportunity in India's evolving traditional jewellery story. Shringar House has shown strong operational improvements, offered strong profits growth and efficient operational improvements. The share price of ₹165 with a GMP (Grey Market Price) ranging between 21.21-24.24% shows strong market sentiment regarding the IPO.

Shringar House of Mangalsutra operates in the traditional jewellery industry, which has strong tailwinds from India's cultural heritage, weddings throughout the year, and festive holidays. The company has shown sustainable growth in profitability and operational improvements, which is representative of the management team's ability to execute business plans.

There are risks that are typically anticipated with jewellery businesses that need to be acknowledged, such as volatility in the price of gold, expected seasonal demand, rising debt levels, and competition from more organized players. Shringar House is showing good revenue growth with the potential for improving profitability, which speaks to the position and capabilities of the team to execute its business plan.

In conclusion, the Shringar House of Mangalsutra's sustained increase in revenues, improvement in operations, and focus on traditional jewelry, really showcase the company's operational management and ability for execution. If you would like to analyse this IPO or find financial numbers, ratios, or technical analysis of another stock, any proper analysis tools will help aid in making your decision for your next investment.

Disclaimer: This analysis is for educational purposes and not financial advice. Please consult a financial advisor before making investment decisions.

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