Description

Board finalizes allocation of 7,284,000 equity shares to 14 anchor investors at Rs. 165 per share, raising Rs. 1,201.86 crores.

Summary

Shringar House of Mangalsutra Limited’s Board of Directors finalized the allocation of 7,284,000 equity shares to 14 anchor investors at Rs. 165 per share (including premium of Rs. 155) on September 9, 2025. The total anchor allocation amounts to Rs. 1,201,860,000 with no allocation to domestic mutual funds.

Key Points

  • 7,284,000 equity shares allocated to anchor investors
  • Issue price: Rs. 165 per share (face value Rs. 10 + premium Rs. 155)
  • Total anchor allocation: Rs. 1,201.86 crores
  • 14 anchor investors participated
  • Largest allocation: Kotak Mahindra Life Insurance (7,212,300 shares - 16.64%)
  • No domestic mutual fund participation in anchor portion

Anchor Investor Details

Major Allocations:

  • Kotak Mahindra Life Insurance: 7,212,300 shares (16.64%)
  • Maybank Securities PTE Ltd: 909,180 shares (12.44%)
  • Plutus Investment Trust: 606,150 shares (8.32%)
  • Founders Collective Fund: 606,150 shares (8.32%)
  • North Star Opportunities Fund: 606,150 shares (8.32%)

Other Notable Investors:

  • Societe Generale, Mint Focused Growth Fund, Aidos India Fund
  • Various private limited companies and investment funds

Company Information

  • CIN: U36911MH2009PLC189306
  • Previously: Shringar House of Mangalsutra Pvt. Ltd.
  • Business: Jewelry manufacturing and retail
  • Registered Office: Mumbai

Important Dates

  • Board Meeting & Allocation Date: September 9, 2025
  • Circular Date: September 9, 2025

Impact Assessment

Strong anchor investor interest with full subscription indicates positive market sentiment for the jewelry sector IPO. The diverse investor base including institutional investors and foreign funds suggests broad appeal. The successful anchor allocation sets positive momentum for the public issue.

Impact Justification

Significant anchor investor allocation for public issue of jewelry company worth Rs. 1,201.86 crores