Shringar House of Mangalsutra Share Price: Strong Listing on Stock Market Today

Market Performance

It was a buzzing Wednesday morning on Dalal Street as Shringar House of Mangalsutra share price made a strong debut in the stock market today. The jewellery brand, which recently came out with its ₹401 crore IPO, entered the secondary market with an impressive premium over its issue price.

The demand for the issue was already visible during the subscription phase, and today’s listing only confirmed investor interest.

Listing Day Highlights

The shares were listed with double-digit gains, making it a notable debut in the jewellery sector.

• NSE Listing Price: ₹188.50 per share (14.24% premium over IPO price)
• BSE Listing Price: ₹187.70 per share (13.76% premium)
• IPO Price Band: ₹155 – ₹165 per share
• Market Capitalization at Listing: ₹1,810.03 crore

Such a performance reflects strong subscription momentum, as the IPO had drawn solid participation earlier this month.

Company Details

Shringar House of Mangalsutra is a well-known jewellery company with a focus on mangalsutra designs, which remain a timeless part of India’s bridal and cultural heritage.

• IPO Size: ₹401 crore
• Anchor Investor Contribution: ₹120.18 crore raised before the issue opened
• Listing Date: September 17

Proceeds from the fresh issue are earmarked for working capital and general corporate purposes, aimed at strengthening the company’s day-to-day operations and future growth.

Summary

The Shringar House of Mangalsutra share price lived up to market buzz on its listing day. With over 14% gains on NSE and nearly 14% on BSE, the debut marked a strong entry into the stock market. Backed by heavy investor participation and a healthy premium over issue price, the company now begins its journey as a publicly listed player in the jewellery space.