Incorporated in January 2009, Shringar House of Mangalsutra Limited is a leading Indian designer and manufacturer specializing in gold mangalsutras. The company crafts a diverse range of these traditional necklaces for its business-to-business (B2B) clients, using 18k and 22k gold and studding them with various stones like American diamonds, cubic zirconia, and pearls. The company is a key player in the organized Indian mangalsutra market.

Shringar House of Mangalsutra has a strong domestic presence, serving a wide client base of 34 corporate clients, 1,089 wholesalers, and 81. Its notable domestic corporate clients include Titan Company Limited, Malabar Gold Limited, and Reliance Retail. The company has also expanded its reach internationally, exporting to countries such as the UK, USA, UAE, New Zealand, and Fiji.

The company’s operations are highlighted by its impressive bullion processing volume. Over the last three fiscal years (2023–2025), Shringar House of Mangalsutra processed a total of 1,320.72 kg of bullion, a key indicator of its robust production capacity and growing market demand.

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• Established Client Base: The Company has a broad and diverse client base of corporate clients, wholesalers, and retailers across 24 states and 4 union territories in India.
• Innovative Design and Diverse Portfolio: Shringar House of Mangalsutra boasts a wide product portfolio of over 15 collections and 10,000+ SKUs, catering to various customer segments and price points.
• Integrated Manufacturing Facility: The Company operates an integrated manufacturing facility under one roof, allowing for efficient production and strong quality control of its varied mangalsutra designs.
• Proven Growth and Experienced Leadership: The Company has a proven track record of strong financial growth, supported by an experienced team of promoters and professional management.

The Company SHRINGAR HOUSE OF MAGALSUTRA LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Funding working capital requirements of the company (₹ 280 Cr.)
• General corporate purposes

At the upper band of IPO ₹ 165, the stock is valued at 26.04 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.