Shringar House of Mangalsutra IPO Upcoming
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About Shringar House of Mangalsutra
Shringar House of Mangalsutra was founded by Chetan Thadeshwar and Mamta C. Thadeshwar, building on the family’s longstanding background in the goldsmith trade dating back to the late 20th century. Headquartered in Mumbai, the company specializes exclusively in the design and manufacture of Mangalsutras in 18k and 22k gold. With an integrated manufacturing facility and in-house designers, the company caters to a broad B2B clientele including retailers, wholesalers, and corporate clients across India and select international markets.
Financials of Shringar House of Mangalsutra
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | Up to 24,300,000 Equity Shares of face value ₹10 each |
| Fresh issue | Up to 24,300,000 Equity Shares of face value ₹10 each |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 250 |
| General corporate purposes | The amount utilised for general corporate purposes shall not exceed 25% of the Gross Proceeds |
Strengths
- Strong relationships with over 15 years of client retention.
- Diverse domestic and global B2B customer base.
- Specialized in innovative, customized Mangalsutra designs.
- Integrated manufacturing with advanced tech and skilled Karigars.
- Consistent financial growth with improving profitability margins.
Risks
- Inability to protect unique Mangalsutra designs threatens revenue.
- Dependence on Promoters for operations may hamper continuity.
- Unregistered designs risk imitation by third-party Karigars.
- No appraisal for Net Proceeds; utilization lacks oversight.
- Highly concentrated client base impacts revenue stability and visibility.