Shringar House of Mangalsutra Lists at ₹188, 14% Above IPO Price Amid Strong Market Debut

Mumbai, 17 September 2025: Shringar House of Mangalsutra Limited made a robust debut on the National Stock Exchange (NSE) today, listing at ₹188.50 per share against its initial public offering (IPO) issue price of ₹165, reflecting a 14% premium on listing. The strong opening underscores significant market interest in the jewellery manufacturer.

Founded by Chetan Thadeshwar and Mamta C. Thadeshwar, Shringar House of Mangalsutra is a Mumbai-headquartered jewellery manufacturer specialising in 18k and 22k gold Mangalsutras. The company serves retailers, wholesalers, and corporate clients across India, with a growing international presence. Its focus on high-quality craftsmanship and targeted niche segments has contributed to strong investor interest in its listing.

Stock Opens Strong at ₹188.50, Touches Intra-Day High of ₹191 as Investor Demand Surges

At 10:03 AM IST, Shringar House of Mangalsutra was trading at ₹187.22, slightly below the opening price but still comfortably above the issue level. The stock touched an intra-day high of ₹191 and a low of ₹187, reflecting active trading and robust investor participation. Early volume reached 41.47 lakh shares, translating into a traded value of ₹78.17 crore.

Market Capitalisation Crosses ₹1,817 Crore on First Day as Listing Premium Fuels Buzz

The company’s listing at a premium has pushed its total market capitalisation to ₹1,817.74 crore, signalling healthy market acceptance. Buy-side demand outpaced sell-side activity, with 69.93 lakh shares bought compared to 10.60 lakh shares sold, highlighting strong initial appetite for the stock.

Anchor Investment Raises ₹120.19 Crore, Strategic Backing from Global and Domestic Funds

Prior to listing, Shringar House of Mangalsutra raised ₹120.19 crore from anchor investors, including Kotak Mahindra Life Insurance, Maybank Securities, Societe Generale, Plutus Investment Trust, and North Star Opportunities Fund. The company allotted 72.84 lakh shares at ₹165 per share, with no domestic mutual funds participating. This strategic backing helped build early market confidence ahead of the listing.

IPO Subscribed Over 60.31 Times as Institutional and Retail Demand Soars

Shringar House of Mangalsutra IPO closed on 12 September 2025 with overwhelming demand, subscribed 60.31 times overall. Qualified Institutional Buyers (QIBs) led with 101.41x subscription, followed by Non-Institutional Investors (82.58x), retail investors (27.26x), and employees (69.90x). The massive subscription highlights strong market appetite across categories, boosting the stock’s debut performance.

The successful listing of Shringar House of Mangalsutra at a 14% premium, backed by strong anchor investment and multi-segment subscription, indicates robust market engagement. The intra-day trading momentum and high subscription ratios reflect the effectiveness of the IPO strategy and highlight the growing investor interest in India’s specialised jewellery sector.

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