Shringar House of Mangalsutra IPO Opens Today; Company Raises ₹120 Crore from Anchor Investors

Mumbai, September 10, 2025: The Initial Public Offering (IPO) of Shringar House of Mangalsutra Limited opens today, and investors can apply to the issue from 10:00 AM onwards. The issue size for the IPO is ₹400.95 crore, and the company has set the price band at ₹155 – ₹165 per share. With the minimum lot size of 90 shares, the minimum retail investor investment comes to ₹14,850 at the upper price band. The IPO opens today and will close on September 12, 2025, with the listing date expected on September 17, 2025.

Shringar House of Mangalsutra Limited IPO is a jewellery company that specialises in the design, manufacture, and sale of a variety of mangalsutras. The company was established as a private limited company on 2nd January 2009 and was later converted into a public limited company in December 2024. Its headquarters are in Mumbai, Maharashtra, India.

₹120 Crore Raised From Anchor Investors

The company allocated 72.84 lakh equity shares at the upper end of the price band of ₹165 per share to a group of domestic and global anchor investors. Ahead of the IPO, the company has raised ₹120 crore from a total of 14 anchor investors.

Some big names include:

• Kotak Mahindra Life Insurance Co. Ltd – ₹20 crore
• Maybank Securities Pte Ltd – ODI – ₹15 crore
• Plutus Investment Trust – Plutus Equity Investments Series – ₹10 crore
• Founders Collective Fund – ₹10 crore
• North Star Opportunities Fund VCC – Bull Value Inc. VCC Sub-Fund – ₹10 crore
• Societe Generale – ODI – ₹10 crore
• Mint Focused Growth Fund PCC – Cell 1 – ₹8.02 crore
• Aidos India Fund Ltd – ₹7.15 crore
• NAV Capital VCC – Emerging Star Fund – ₹5 crore
• Rajasthan Global Securities Pvt. Ltd – ₹5 crore

Ahead of its ₹400 crore IPO, the amount of ₹120 crore raised from anchor investors is significant and showcases the confidence of anchor investors in the company’s current financials and long-term growth. It remains to be seen how the IPO is received by retail investors, along with QIBs and NIIs, starting from today.

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