Shringar House of Mangalsutra IPO
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Schedule of Shringar House of Mangalsutra
| Issue open date | 10 Sep 2025 |
| Issue close date | 12 Sep 2025 |
| UPI mandate deadline | 12 Sep 2025 (5 PM) |
| Allotment finalization | 15 Sep 2025 |
| Refund initiation | 16 Sep 2025 |
| Share credit | 16 Sep 2025 |
| Listing date | 17 Sep 2025 |
| Mandate end date | 29 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 05 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 14 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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 specialises 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
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹400.95 crores |
| Fresh Issue | ₹400.95 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 280 (69.83) |
| General corporate purposes | 100.23 (25%) |
| Miscellaneous |
20.73 (5.17%) |
Strengths
- Strong relationships with over 15 years of client retention.
- Diverse domestic and global B2B customer base.
- Specialised in innovative, customised 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; utilisation lacks oversight.
- Highly concentrated client base impacts revenue stability and visibility.
Allotment Status for Shringar House of Mangalsutra
To check your allotment status – click here.