Shringar House of Mangalsutra Limited, a pioneering force and a dedicated manufacturer of mangalsutras in India, plans to raise ₹ 401 Crore through an IPO.
[Fresh Issue ₹ 401 Cr + OFS NIL]
Shringar house of mangalsutra ipo price ₹ 155 – ₹ 165 per share
Shringar House of Mangalsutra: History
The Company was originally incorporated as Shringar House of Mangalsutra Private Limited, a private limited company under the Companies Act, 1956, at Mumbai, Maharashtra, India. under a certificate of incorporation on January 02, 2009.
The Company was converted into a public limited company under a special resolution approved by the shareholders on November 30, 2024, and its name was changed to Shringar House of Mangalsutra Limited under a fresh certificate of incorporation issued by the RoC on December 11, 2024.
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Shringar House of Mangalsutra: Business
Shringar House of Mangalsutra Ltd. is one of the leading and specialized designers & manufacturers of Mangalsutras in India.
The company designs, manufactures, and markets a variety of Mangalsutra pieces studded with a vast range of stones, including American diamonds, Cubic zirconia, Pearls, mother-of-pearl, and Semi-precious stones, in 18k and 22k gold purity, for its B2B clients.
According to the CareEdge Report, the Company contributed to around 6 percent of the organized Mangalsutra market in India in CY 2023.
Product List
The Company offers an extensive portfolio of Mangalsutras, featuring over 15 collections and more than 10,000 active SKUs, designed to suit special occasions such as anniversaries, festivals, and weddings, as well as daily-wear options including antique, bridal, contemporary, traditional, and Indo-western styles.
Client Network
- Shringar House sells its products to a vast range of clients, including retailers, wholesale jewellers, and corporate clients across the nation, more particularly in 24 states and 4 union territories.
- In addition to serving domestic clients, the company also serves international clients in the United Kingdom, New Zealand, the UAE, the USA, and the Republic of Fiji during the 6-month period ending on September 30, 2024.
- For the 6-months period ended September 30, 2024, the company had served 731 retailers, 76 wholesalers, and 31 corporate clients and in FY 2024, it served 33 Corporate Clients, 96 wholesalers, and 832 retailers.
Marquee Client List
Some of the marquee domestic and international clients of the company include Aditya Birla Group, Joyalukkas India Limited, Kalamandir Jewellers Limited, Malabar Gold Limited, P N Gadgil Jewellers Limited, Reliance Retail Limited, Titan Company Limited, Damas Jewellery LLC (UAE), Goldbox Enterprises Limited (UK), Sona Sansaar Limited (New Zealand), and DP Abhushan Limited amongst others.
Strategies Ahead
- Establish a supply chain network to reach untapped geographical regions.
- Grow relationships with existing clients and participate in their future expansions.
- Continue to invest in marketing and brand-building initiatives.
- Augment fund-based capacities in order to scale up business operations
- Continuing focus on reducing operating costs and improving operational efficiency
Company Promoters
- Chetan N Thadeshwar,
- Mamta C Thadeshwar,
- Viraj C Thadeshwar,
- Balraj C Thadeshwar
Refer to Shringar House of Mangalsutra DRHP for detailed information.
IPO Details
ipo date = 10 to 12 September 2025
Minimum Amount = ₹ 14,850
Minimum Bid = 90 Shares
Face Value (FV) = ₹ 10
Listing On = NSE, BSE
Book Running Lead Manager
Choice Capital Advisors Pvt Ltd
Financials
CONCLUSION
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