Shringar House of Mangalsutra IPO booked over 2x on day 1: Check price band, lot size, and all you need to know

Shringar House of Mangalsutra IPO: The Mumbai-based company's initial share sale is exclusively a fresh issue of 2.43 crore equity shares valued at ₹400.95 crore with no offer for sale (OFS) component. Shringar House of Mangalsutra IPO: Jewellery firm Shringar House of Mangalsutra Ltd's initial public offering was fully subscribed on Wednesday, September 10. The issue will end on Friday, September 12. The Mumbai-based company's initial share sale is exclusively a fresh issue of 2.43 crore equity shares valued at ₹400.95 crore with no offer for sale (OFS) component. The funds generated are intended to be used for supporting working capital requirements and general corporate purposes. Shringar House of Mangalsutra IPO day 1 live: Subscription status | Category | Subscription Status (as of 3:55 pm) | |-----------------------------|----------------------| | Qualified Institutional Buyers (QIBs) | 0.01% | | Non-Institutional Investors | 2.70 times | | Retail Investors | 2.83 times | | Total | 2.01 times | Shringar House of Mangalsutra IPO: Price band and lot size The price band is fixed at ₹155 to ₹165 per share, and a lot consists of 90 shares. Half of the net offer is reserved for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors (NIIs). Before the IPO, the company raised ₹120.18 crore from anchor investors, including Kotak Mahindra Life Insurance Company, Maybank Securities Pte Ltd - ODI, AIDOS India Fund Limited, Societe Generale - ODI, Founders Collective Fund, and Nav Capital VCC. Austere Systems IPO allotment: How to check status online on KFin Technologies, BSE; listing date here Shringar House of Mangalsutra IPO timeline: Allotment and listing dates | Event | Date | |-------------------|--------------------| | Subscription period | September 10 to September 12 | | Basis of allotment | September 15 | | Initiation of Refunds | September 16 | | Credit of Shares to Demat | September 16 | | Listing date | September 17 | Choice Capital Advisors is the only book-running lead manager of the IPO, while MUFG Intime India serves as the registrar. Shringar House of Mangalsutra Ltd manufactures a diverse range of mangalsutras fitted with stones like American diamonds, pearls, mother-of-pearl, cubic zirconia, and semi-precious stones, crafted in 22k and 18k gold. It primarily serves its business-to-business (B2B) clients. Urban Company IPO opens: Live subscription status and 10 key things to know from RHP Shringar House of Mangalsutra IPO GMP According to investorgain.com and media reports, Shringar House of Mangalsutra' unlisted shares are trading at ₹195 per share, reflecting a grey market premium, or GMP, of 18.18% over the upper price band of ₹165. Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions. To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page. To add Upstox News as your preferred source on Google, click here.