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Shringar House Of Mangalsutra IPO Listing Price: Shares List At 15% Premium
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Shringar House of Mangalsutra IPO Listing, Share Price Today: The stock lists at a premium of Rs 188.5 apiece on the NSE, a 14.2% premium over the IPO issue price of Rs 165.
Shringar House of Mangalsutra IPO Listing Today: Check Share Price.
Shringar House of Mangalsutra IPO Listing Price: Shares of Mumbai-based jewellery firm Shringar House of Mangalsutra Ltd on Wednesday listed at a premium of Rs 188.5 apiece on the NSE, a 14.2% premium over the IPO issue price of Rs 165.
The stock slightly fell after the listing and was trading at Rs 186.12 apiece on the NSE, which is 12.7% higher over the IPO listing price. Finally, the stock ended that day with a 12.05% gain at Rs 184.88 apiece on the NSE.
The price band of the IPO was fixed in the range of Rs 155-Rs 165 per share. The issue received a 60.31x subscription, garnering bids for 1,02,62,35,800 shares as against the 1,70,16,000 shares on offer. The retail and NII participation stood at 27.26x and 82.58x, respectively. The QIB category received a 101.41x subscription.
The issue attracted decent grey market interest, with its pre-listing GMP at Rs 31. Based on this, the stock was expected to be listed at nearly Rs 196, implying an 18.8% premium.
Shringar House of Mangalsutra IPO: Should You Buy, Hold Or Sell?
Shivani Nyati, head of wealth at Swastika Investmart Ltd, said, “Shringar House of Mangalsutra Ltd made an impressive debut on the stock market with a listing gain of approximately 63% over its issue price of Rs 83, getting listed at around Rs 135. The company is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutra using 18k and 22k gold along with stones like American diamonds, cubic zirconia, pearls, and semi-precious stones for its B2B clients.”
It holds a strong presence in its niche segment and is expanding rapidly across key regions in India. “Investors are advised to book partial profits near current levels while holding the balance with a stop-loss set at Rs 115 to manage downside risk,” Nyati added.
The Mumbai-based company’s IPO is entirely a fresh issue of 2.43 crore equity shares, worth Rs 401 crore at the upper end of the price band, with no Offer For Sale (OFS) component.
Proceeds from the fresh issue will be utilised for supporting working capital requirements of the company and general corporate purposes.
Incorporated in 2009, Shringar House of Mangalsutra is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutras adorned with various stones, such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold.
The company primarily serves its business-to-business (B2B) clients and holds about 6 per cent of the organised Mangalsutra market in India as of 2023, according to the draft papers citing a CareEdge report.
Choice Capital Advisors is the sole book-running lead manager, and MUFG Intime India is the registrar of the issue.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 17, 2025, 10:08 IST
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Heineken has announced a substantial investment exceeding £44 million into hundreds of its pubs across the UK, a move expected to create approximately 850 jobs.
The Dutch brewing giant’s Star Pubs operation, which manages 2,350 sites nationwide, is undertaking this significant financial commitment despite a challenging period for the pub sector.
The industry has faced considerable pressure over the past year, grappling with escalating labour costs and increases in national insurance contributions.
Concurrently, consumer spending has been constrained by concerns over inflation and rising unemployment, further impacting pub revenues. However, pubs did receive additional business rates support from the government last month, aimed at alleviating some of these financial burdens.
Lawson Mountstevens, managing director of Star Pubs, indicated that the investment strategy is partly designed to bolster revenues and help the group navigate the recent “sustained increases in running costs”.
This year, £44.5 million will be allocated to upgrades for 647 pubs. A notable 108 of these venues are earmarked for particularly significant cash injections, with each transformation costing at least £145,000.
Heineken clarified that while the majority of its pubs are group-owned, they are independently operated by local licensees. A key focus for this investment, particularly in the lead-up to the 2026 football World Cup, will be on sports-focused venues.
The pub firm and brewer has a history of significant investment in British pubs, having pumped £328 million into the sector since 2018. Work has already commenced at 52 locations, including eight projects dedicated to reopening boarded-up pubs that have endured lengthy closures.
Mr Mountstevens also urged the government to reduce the tax burden on pubs, arguing it would ease cost pressures and foster further job creation within the industry.
He stated: “We can only do so much; the root-and-branch reform of business rates that the industry has been calling for over many years is urgently required, as well as a lowering of the burden of taxation on pubs, including VAT and beer duty.”
He concluded with a direct appeal: “We are calling on the Government to support us in bringing out the best in the Great British pub.”
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