Shringar House of Mangalsutra shares list at 14% premium over IPO price
Shringar House of Mangalsutra shares listed at a 14.2% premium at Rs 188.50 on NSE on Wednesday. On BSE, the shares debuted at Rs 187.70, a 13.8% premium over the issue price of Rs 165.
The Rs 400 crore IPO drew robust investor demand, with subscriptions exceeding 60 times. The issue was priced in the Rs 155–165 band.
The company, a leading designer and manufacturer of Mangalsutras, serves a wide B2B client base across India and abroad. Its products, crafted in 18k and 22k gold and embellished with American diamonds, cubic zirconia, pearls, and semi-precious stones, have helped it capture around 6% of India’s organized Mangalsutra market.
With over 15 collections and more than 10,000 SKUs, Shringar House balances tradition and…
