Shringar House of Mangalsutra IPO introduces a premier designer and manufacturer specializing exclusively in mangalsutras, a sacred necklace worn by married Indian women. Founded in 2009 and headquartered in Mumbai, the company integrates advanced technology and traditional craftsmanship in its 8,300 sq. ft. manufacturing facility. Shringar House of Mangalsutra IPO, opening on September 10, 2025, and closing on September 12, 2025, aims to raise ₹400.95 crore, largely for capital expenditure and corporate purposes.
₹25
₹165
₹188.50
Expert Opinions
Market sentiment for Shringar House of Mangalsutra IPO is positive, driven by its unique focus on the culturally significant mangalsutra segment within the traditional jewelry market. The company’s strengths include a strong brand position, a wide product range supported by an in-house design team and skilled artisans, and a robust client base spanning India and overseas markets. Risks involve reliance on a single product category, gold price volatility, and competition from larger diversified jewelry firms.
Valuation analysis of the financial year 2025 shows the Shringar House of Mangalsutra IPO with a strong Return on Equity (ROE) of 36.20%, Return on Capital Employed (ROCE) of 32.43%, and a Net Asset Value (NAV) of ₹27.84, reflecting solid profitability and efficient capital use. From a long-term investment perspective, the IPO offers exposure to a growing niche in the Indian jewelry industry, backed by cultural relevance and expansion plans.
Investor Considerations
Shringar House of Mangalsutra IPO has demonstrated strong company performance and solid fundamentals, with total income reaching ₹1,430.12 crore in FY 2025, growing steadily from ₹951.29 crore in FY 2023. The sector outlook for traditional and customized jewelry remains positive, driven by increasing demand during weddings and festivals in India and expanding international markets. The Shringar House of Mangalsutra IPO valuation for FY 2025 shows a Price to Book Value of 5.93, a PAT margin of 4.27%, and a Debt to Equity ratio of 0.61, reflecting healthy profitability and manageable leverage.
Growth prospects are promising, supported by diversification into multiple mangalsutra styles and expansion into global markets. Key risks include gold price volatility, regional concentration, and competition from established jewelry brands. Investors with a long-term investment horizon can benefit from the company’s niche focus and strong growth trajectory, while short-term investors should consider market fluctuations and sector-specific risks.
| Date | GMP | Trend |
|---|---|---|
| 16 Sep 2025 11.39 | ₹25 | Down |
| 15 Sep 2025 11.35 | ₹30 | --- |
| 13 Sep 2025 11.04 | ₹30 | --- |
| 12 Sep 2025 10.52 | ₹30 | --- |
| 11 Sep 2025 11.07 | ₹30 | --- |
| 10 Sep 2025 13.30 | ₹30 | Up |
| 09 Sep 2025 11.25 | ₹25 | --- |
| 07 Sep 2025 13.27 | ₹25 | Up |
| 06 Sep 2025 10.35 | ₹20 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Shringar House of Mangalsutra IPO’s listing performance. With a final GMP of ₹25, it projected a premium of about 15.2% over the issue price of ₹165, indicating a listing around ₹190. The stock listed at ₹188.50, delivering a gain of 14.2%. This resulted in a small prediction error of 1%, where the GMP correctly signaled a positive listing and closely aligned with the actual gain, reflecting strong reliability in this case.
Shringar House of Mangalsutra IPO Current GMP is ₹25.
Shringar House of Mangalsutra IPO Expected Returns is 15.15%.
Shringar House of Mangalsutra IPO estimated listing price is ₹190.