IPO Schedule
1
Open
3 Dec
2
Close
5 Dec
3
Allotment
15 Sept
4
Listing
17 Sept
Shringar House of Mangalsutra Ltd IPO
Issue:₹90
List:₹188.5
CMP:₹26.2
BSELot: 1600Diamond, Gems and Jewellery
LISTEDMAINBOARD
Issue Price₹90
Listing₹188.5
Current₹26.2
Content
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.
Subscription Status
QIB
0.01x
NII
2.70x
Retail
2.84x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 101.41x | 0.86x | 0.01x |
| NII | 82.58x | 14.81x | 2.70x |
| Retail | 27.26x | 9.65x | 2.84x |
| Total | 60.31x | 8.26x | 2.01x |
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.
Promoters & Management
The Promoters of our Company are Chetan N Thadeshwar, Mamta C Thadeshwar, Viraj C Thadeshwar and Balraj C Thadeshwar. Chetan N Thadeshwar is the Chairman & Managing Director of our Company. Viraj C Thadeshwar is the Executive Director & Chief Executive Officer of our Company. Balraj C Thadeshwar is the Whole-time Director & Chief Operating Officer of our Company. The Key Managerial Personnel also include Ritesh Ashokkumar Doshi as the Chief Financial Officer and Rachit S Sinha as the Company Secretary and Compliance Officer.