Shringar House of Mangalsutra Share Price Rises 11% Over IPO Price After Listing at 14% Premium; Will You Buy?

Shares of Shringar House of Mangalsutra Ltd made a strong debut on the Indian stock exchanges on September 17, 2025. The stock was listed at Rs 187.70 on the Bombay Stock Exchange (BSE), representing a 13.76% premium over its issue price of Rs 165 per share.

Shringar House of Mangalsutra Shares List at 14% Premium to IPO Price

On the National Stock Exchange (NSE), the shares of Shringar House of Mangalsutra opened slightly higher at Rs 188.50, translating to a 14.2% premium. Post-listing, the stock climbed further to touch an intra-day high of Rs 191 on both exchanges, aligning closely with grey market expectations.

Shringar House of Mangalsutra Share Price Today

Shringar House of Mangalsutra's shares continued to trade around 11% higher than the issue price during early market hours on Wednesday.

As of 10:43 AM on September 17, 2025, shares of Shringar House of Mangalsutra Limited were trading at Rs 182.87, reflecting a decline of Rs 5.63 or 2.99% from the day's high. The stock's previous closing price was Rs 165.00, indicating that despite the mild correction from its high, it continues to trade well above its IPO price.

Commenting on the post-listing performance, Shivani Nyati, Head of Wealth at Swastika Investmart Ltd said, "Shringar House of Mangalsutra Ltd. made an impressive debut on the stock market with a listing gain of approximately 63% over its issue price of Rs 83, getting listed at around Rs 135. The company is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutra using 18k and 22k gold along with stones like American diamonds, cubic zirconia, pearls, and semi-precious stones for its B2B clients."

"It holds a strong presence in its niche segment and is expanding rapidly across key regions in India. Investors are advised to book partial profits near current levels while holding the balance with a stop-loss set at Rs 115 to manage downside risk," the expert added.

Shringar House of Mangalsutra IPO Details

The Initial Public Offering (IPO) of Shringar House of Mangalsutra was valued at approximately Rs 400.95 crore. It was open for subscription between September 10 and September 12, comprising entirely a fresh issue of 2.43 crore shares. The company had set a price band of Rs 155-Rs 165 per share. The basis of allotment was finalised on September 15, and the proceeds from the issue are earmarked to fund working capital needs and for general corporate purposes.

IPO Subscription Status

The IPO received an overwhelming response from investors, with an overall subscription of over 60 times. The retail investor category was oversubscribed by more than 27 times, indicating strong interest from individual investors. The Non-Institutional Investors (NII) segment saw even more aggressive participation with a subscription of nearly 83 times, while the Qualified Institutional Buyers (QIBs) subscribed to their portion 101 times.

Shringar House of Mangalsutra GMP Update

In the unlisted space, the IPO had been attracting interest with a Grey Market Premium (GMP) of around Rs 26, as reported by investorgain.com. Based on this GMP and the upper end of the price band, the expected listing price was projected at Rs 191 per share, about 15.76% higher than the issue price, a figure that the stock nearly achieved on debut.

Know About Shringar House of Mangalsutra: Company Overview and Financial Performance

Shringar House of Mangalsutra Ltd specialises in the design and manufacturing of mangalsutras, a traditional and culturally significant jewellery piece in India. The company serves a diverse clientele including corporate clients, wholesalers, and retailers across the country. Additionally, Shringar has expanded its footprint to international markets such as the United Kingdom, United States, New Zealand, the UAE and Fiji.

As of March 31, 2025, the company had 34 corporate clients, along with 1,089 wholesalers and 81 retail partners. The company's revenue has seen impressive growth, rising from Rs 950.21 crore in FY23 to Rs 1,101.52 crore in FY24 and further to Rs 1,429.81 crore in FY25. This consistent growth signals a strong business trajectory and increasing demand for its products.

The company reported a net profit of Rs 23.35 crore in FY23, which rose to Rs 31.10 crore in FY24, and more than doubled to Rs 61.11 crore in FY25.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.