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Issue Open Date
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10-Sep-25
|
|
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Issue Closing Date
|
12-Sep-25
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|
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Application Money
|
100
|
|
|
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Allotment Money
|
|
|
|
|
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Price Band
|
155
-
165
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Minimium Application No.
|
90
|
|
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Issue Size (Shares)
|
17016000
|
|
|
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Market Lot
|
1
|
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|
|
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Objective
|
|
1. Funding Working Capital requirements of our Company; and2. General Corporate purposes.
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
3642000
|
300773430
|
82.584686985173
|
|
Qualified Institutional Buyers
|
4856000
|
492445710
|
101.409742586491
|
|
Retail Individual Investors
|
8498000
|
231298470
|
27.2179889385738
|
|
|
|
|
Business Description
We are amongst the leading and specialised designers and manufacturers of Mangalsutra in India. (Source: CareEdge Report). We are engaged in designing, manufacturing, and marketing, a varied range of Mangalsutra studded with diverse range of stones including but not limited to, American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18k and 22k purity of gold, to our business-to-business (“B2B”) clients. Mangalsutra is a traditional necklace, crafted from gold and black beads worn by married Indian women which symbolizes marital status and is a sacred thread that is believed to bless and extend the life of the spouse. Our Company contributed to around 6% of organized Mangalsutra market in India in CY23
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Promoter's Holding
|
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Total Share Capital
|
72131280
|
|
|
|
Offered to Public
|
24300000
|
|
|
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Promoter's Holding (Pre-Issue)
|
99.99
|
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Promoter's Holding (Post-Issue)
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|
|
|
|
|
|
|
|
|
|
|
Address |
Unit No. B-1
Lower Ground Floor
Jewel World (Cotton Exch Bldg)
175
Kalbadevi Rd
Bhuleshwar
Mumbai,
Maharashtra,
400002
Phone : 9004429107
Email : cs@shringar.ms
Website : www.shringar.ms
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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|
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Listed at |
|
BSE, NSE
|
|
|
Lead Manager |
|
Choice Capital Advisors Pvt Ltd
|
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|
Promoters |
Balraj C Thadeshwar
Chetan N Thadeshwar
Mamta C Thadeshwar
Viraj C Thadeshwar
|
|
