Description
Allocation of 72.84 lakh equity shares to 14 anchor investors at Rs. 165 per share, raising Rs. 120.19 crores for the public issue.
Summary
Shringar House of Mangalsutra Limited has announced the allocation of 72,84,000 equity shares to 14 anchor investors at Rs. 165 per share (including premium of Rs. 155), raising Rs. 120.19 crores. The allocation was finalized by the Board on September 9, 2025, in consultation with the Book Running Lead Manager.
Key Points
- Total anchor allocation: 72,84,000 equity shares
- Issue price: Rs. 165 per share (face value Rs. 10 + premium Rs. 155)
- Total amount raised: Rs. 120,18,60,000
- Number of anchor investors: 14
- Largest allocation: Kotak Mahindra Life Insurance (16.64% of anchor portion)
- No allocation made to Domestic Mutual Funds
- Company CIN: U36911MH2009PLC189306
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Public disclosure of anchor investor allocation details
- Filing with NSE and BSE
- Copy to SEBI’s Corporation Finance Department
- Compliance with Red Herring Prospectus terms
Important Dates
- Board meeting and allocation date: September 9, 2025
- Circular publication date: September 9, 2025
Impact Assessment
The successful anchor allocation indicates strong institutional interest in the IPO. Major participation from insurance companies, foreign institutional investors, and investment funds provides credibility to the public issue. The allocation represents significant pre-IPO funding that will support the company’s expansion plans in the jewelry sector.
Impact Justification
Significant anchor allocation for upcoming IPO with major institutional participation