Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra Limited (SHRINGARMS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 17 September 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +27.4% (likely range +8% to +43%), day's high +30.7%, chance of a gain 92%. Actual: +14.2% at the open, +15.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 48,56,000 | 49,24,45,710 | 101x | |
| NII (HNI) total | 36,42,000 | 30,07,73,430 | 82.6x | |
| Big NII (above ₹10 lakh) | 24,28,000 | 20,38,32,990 | 84.0x | |
| Small NII (₹2-10 lakh) | 12,14,000 | 9,69,40,440 | 79.9x | |
| Retail | 84,98,000 | 23,12,98,470 | 27.2x | |
| Employees | 20,000 | 13,98,060 | 69.9x | |
| Total | 1,70,16,000 | 1,02,59,15,670 | 60.3x |
Bids on NSE and BSE together, as published by NSE, as of 12 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 18% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Shringar House of Mangalsutra's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Shreeji Shipping GlobalAug 2025 | 110x | 72.7x | 21.9x | 58.1x | ₹411 Cr | +7.1% | +9.1% |
| Gandhar Oil Refinery (India)Nov 2023 | 129x | 62.2x | 28.9x | 64.1x | ₹509 Cr | +76.3% | +103.6% |
| EMSSep 2023 | 153x | 82.3x | 29.8x | 75.3x | ₹322 Cr | +33.7% | +37.9% |
| Ecos (India) Mobility & HospitalityAug 2024 | 137x | 71.2x | 19.8x | 64.3x | ₹601 Cr | +16.8% | +36.5% |
| Credo Brands MarketingDec 2023 | 105x | 55.5x | 19.9x | 51.9x | ₹550 Cr | +0.8% | +16.0% |
| Innova CaptabDec 2023 | 117x | 64.9x | 17.1x | 55.3x | ₹577 Cr | +0.9% | +21.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Shringar House of Mangalsutra IPO price band and lot size? ₹155–165 per share, with a lot of 90 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 60.3x overall: QIB 101x, NII 82.6x, retail 27.2x, employees 69.9x.
How did it list? It opened at ₹188, +14.2% against the issue price of ₹165, and closed its first day +12.1%.
