Shringar House of Mangalsutra Ltd IPO

LISTED
MAINBOARD

BSE • Lot Size: 1600 • Diamond, Gems and Jewellery

Issue90
Listed188.5+109%
Now28-68.9%
68.9%

*Last updated on 11 Jan 2026

Price Band

₹90 - ₹90

Lot Size

1600

Issue Size

₹46.28 Cr

GMP

N/A

Subscription

60.31x

Analyzing...

IPO Schedule

1

Open

3 Dec 2025

2

Close

5 Dec 2025

3

Allotment

15 Sept 2025

4

Listing

17 Sept 2025

About Shringar House of Mangalsutra Ltd

Shringar House of Mangalsutra Ltd. is primarily engaged in the retail sale of mangalsutras and other jewelry items. They focus on providing a wide variety of designs and cater to diverse customer preferences within the traditional Indian jewelry market.

Key Strengths

  • High Return on Equity (ROE) of 47.61% indicates efficient utilization of shareholder funds and strong profitability.
  • Competitive Price to Earnings (P/E) ratio of 16.23 may suggest undervaluation compared to industry peers (further industry analysis needed).
  • Established presence in the mangalsutra market, potentially with a loyal customer base.
  • Focus on a specific product segment (mangalsutras) allows for specialization and targeted marketing efforts.
  • Mainboard listing enhances visibility and potential for institutional investor interest.

Risk Factors

  • Reliance on a single product category (mangalsutras) exposes the company to market fluctuations and changing consumer preferences within that segment.
  • Competition from established jewelry brands and unorganized players could impact market share and profitability.
  • Fluctuations in gold prices and other precious metal costs can significantly affect raw material expenses and inventory valuation.

Valuation Analysis

The IPO appears reasonably priced given the high ROE and relatively moderate P/E ratio; however, thorough due diligence and comparison with publicly listed peers in the jewelry sector are crucial to determine its true investment potential.

IPO Details

ExchangeBSE
SegmentMAINBOARD
ISININE1V4601019
NSE SymbolSHRIKANHA
Face Value10
Lot Size1600
Issue Size₹46.28 Cr

Key Metrics

ROE47.61%
ROCE19.20%
P/E Ratio16.23
Industry P/E20
EPS5.55
PAT Margin3.97%
Debt/Equity4.19

Growth & Quality

Revenue Growth (YoY)18.7%
ProfitableYes ✓
Anchor Investors3

Subscription

Total2.01x
Imbalance Ratio3.7x

Documents

Registrar

LINK

Key Dates

Open Date3 Dec 2025
Close Date5 Dec 2025
Allotment15 Sept 2025
Listing17 Sept 2025