Key highlights of the IPO :

* Price Band of ₹155/– ₹165/- per Equity Share bearing face value of ₹10/- each (“Equity Shares”)

* Bid/Offer Opening Date – Wednesday, September 10, 2025 and Bid/Offer Closing Date – Friday, September 12, 2025.

* Minimum Bid Lot is 90 Equity Shares and in multiples of 90 Equity Shares thereafter.

Shringar House of Mangalsutra Limited has fixed the price band of ₹155/- to ₹165/- per Equity Share of face value ₹10/- each for its maiden initial public offer.

Chetan Thadeshwar, Chairman and Managing Director; Viraj Thadeshwar, Executive Director & Chief Executive Officer, and Balraj Thadeshwar, Whole Time Director and Chief Operating Officer of Shringar House of Mangalsutra announced the IPO during recently held conference.

The lot size for an application is 90. The minimum amount of investment required by an retail is ₹14,850, based on the upper end of the price band.

The IPO of the Mumbai-based company will be hitting Dalal Street on September 10. Urban Company will also launch its ₹1,900 crore issue on the same day.

Shringar House of Mangalsutra will launch its IPO anchor book for institutional investors on September 9, and close the IPO bidding for all investors on September 12.

The IPO is entirely a fresh issue of 2.43 crore shares aggregating to ₹400.95 crore.

Proceeds from the IPO of about ₹280 crore will be used for its working capital requirements, and the remainder funds for general corporate purposes.

Choice Capital Advisors Private Limited is the sole book-running lead manager, and MUFG Intime India Private Limited is the registrar of the issue.

The Issue is being made through the book-building process, wherein not more than 50% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net issue shall be available for allocation to non-institutional bidders, and not less than 35% of the net issue shall be available for allocation to retail individual bidders.

The allotment for the Shringar House of Mangalsutra IPO is expected to be finalised on September 15, and the shares will be listing on BSE and NSE with a tentative listing date fixed as September 17.

Shringar House of Mangalsutra’s revenue from operations increased to ₹ 1,429.81 crore in Fiscal 2025 from ₹ 1,101.52 crore in Fiscal 2024. Profit after tax increased from ₹ 31.10 crore in Fiscal 2024 to ₹ 61.11 crore in Fiscal 2025.

Courtesy : AOJ Desk News