Shringar House of Mangalsutra IPO allotment: Steps to check status online and other key details

Shringar House of Mangalsutra Ltd is scheduled to finalise its IPO share allotment status on Monday, September 15, following strong subscription.

The mainboard IPO was open for subscription from September 10 to September 12.

The ₹400.95-crore initial public offering (IPO) was overall subscribed 60.29 times on the last day of subscription, with bids for more than 102.59 crore shares, compared to a total of 1.7 crore shares on offer.

The retail quota of the IPO was booked 27.22 times, while the Non-Institutional

Investors’ (NIIs) category was subscribed 82.58 times. The Qualified Institutional Buyers (QIBs) booked their category 101.41 times. The company’s employees booked the portion reserved for them 69.9 times.

Shringar House of Mangalsutra IPO comprised entirely a fresh issue of 2.43 crore shares without any offer-for-sale (OFS) component. The IPO price band was fixed at ₹155 to ₹165 per equity share. A single lot size comprised 90 shares.

After finalisation of share allotment status, the company is scheduled to initiate refunds and transfer of shares to the Demat accounts of successful bidders on September 16.

Shares of Shringar House of Mangalsutra are tentatively scheduled to be listed on the NSE and BSE on September 17.

The company’s shares are scheduled to be listed on the stock exchanges - NSE and BSE, on Wednesday, September 17.

Shringar House of Mangalsutra will be utilising around ₹280 crore from IPO proceeds towards working capital requirements and the remaining funds will be used for general corporate purposes.

The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt. Ltd.

Steps to check Shringar House of Mangalsutra IPO share allotment on the BSE:

• Visit the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx


• Select 'Equity' as the issue type


• Choose Shringar House of Mangalsutra Ltd from the dropdown menu for issue names


• Enter your application number or PAN to proceed


• Click on Search to view your share allotment details

Steps to check IPO allotment status on MUFG Intime India

• Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html


• From the dropdown list for company names, select ‘Shringar House of Mangalsutra Ltd'


• Select any one of the PAN, Application Number, DP/Client ID, or Account Number/IFSC to view your allotment status


• Enter the required details


• Click on 'Submit' to check the allotment status

The IPO share allotment status can also be checked on the NSE website using the PAN and application number.

Shringar House of Mangalsutra, incorporated in 2009, is engaged in designing, manufacturing and marketing a wide range of Mangalsutras in 18k and 22k gold, often studded with American diamonds, cubic zirconia, pearls, mother of pearl and semi-precious stones. The company offers over 15 collections and 10,000+ active products across bridal, traditional, contemporary, Indo-western and daily-wear segments.

The company's corporate clientele includes Malabar Gold, Titan, Reliance Retail, Novel Jewel, Joyalukkas, PN Gadgil Jewellers and Damas Jewellery (UAE),  among others.