Shringar House of Mangalsutra designs, manufactures and markets a range of Mangalsutras set with American diamonds, cubic zirconia, pearls, mother-of-pearl and semi-precious stones in 18k and 22k gold. The company primarily serves business-to-business (B2B) clients. It holds approximately 6% of the organized Mangalsutra market in India as of CY23, according to a CareEdge report. The company is pursuing an initial public offering that opens September 10, 2025 and closes September 12, 2025. The IPO is an entirely fresh issue of up to 2.43 crore equity shares with an employee reservation portion and a price band of ₹155–₹165 per equity share. At the upper end of the price band the offer would raise up to ₹400.95 crore. The offer is being made through book-building with specified allocation limits for QIBs, non-institutional bidders and retail individual bidders.

Total raised

$14M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2025