Fri Sep 12 05:20:00 UTC 2025: **News Article: Shringar House of Mangalsutra IPO Sees Strong Demand on Day 2**

**Mumbai, September 11, 2025** – Shringar House of Mangalsutra, a leading designer and manufacturer of premium mangalsutras, is witnessing robust investor interest in its Initial Public Offering (IPO). As of 11:12 AM today, Day 2 of the IPO, the issue has been subscribed 3.45 times, according to data from the National Stock Exchange (NSE).

The IPO, which opened on September 10, 2025, and closes on September 12, 2025, aims to raise ₹400.95 crores through a fresh issue of 2.43 crore equity shares with a face value of ₹10 each. The price band for the IPO is set between ₹155 and ₹165 per share.

Investor categories are showing strong interest. The Retail Individual Investors (RII) category is subscribed 4.64 times, while the Non-Institutional Investors (NII) category is subscribed 5.17 times. The Employee category has seen particularly high demand, being subscribed 13.09 times. The Qualified Institutional Buyers (QIB) category is lagging behind with a subscription of 0.02 times so far.

Retail investors can apply for a minimum lot size of 90 shares, requiring a minimum investment of ₹14,850 based on the upper price band.

Shringar House of Mangalsutra intends to utilize the net proceeds from the IPO for business expansion and general corporate purposes. The company, established in 2009, boasts a strong presence in the B2B segment of the Indian mangalsutra market, holding approximately 6% of the organized market share. It distributes its products across 24 states and 4 union territories within India, and also exports to the UK, USA, UAE, New Zealand, and Fiji.

The company’s financial performance shows impressive growth, with revenue increasing by 29.8% from ₹1,101.5 crore in FY24 to ₹1,429.8 crore in FY25. Profit After Tax (PAT) doubled from ₹31.1 crore to ₹61.1 crore during the same period.

The allotment process for the IPO is expected to be finalized on September 15, 2025, with a tentative listing date set for September 17, 2025, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

According to InvestorGain, the Grey Market Premium (GMP) for Shringar House of Mangalsutra stood at ₹27 as of 9:25 AM today. The estimated listing price is projected to be ₹192 based on the upper price band, suggesting a potential gain of 16.36% per share.

Choice Capital Advisors Private Limited is serving as the book-running lead manager for the IPO, with MUFG Intime India Private Limited (Formerly Link Intime Private Limited) acting as the registrar.

**Disclaimer:** _The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. Investors should conduct their own research before making any investment decisions. This news is solely for educational purposes. The securities/investments quoted here are not recommendatory._

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