Investors who applied for the Shringar House of Mangalsutra IPO are set to get the final verdict on their allotment status today, September 15. Successful applicants will get notification once the shares are credited to their demat accounts, while those not allotted shares will receive refunds. Furthermore, after the allocation process, the IPO is scheduled to list on BSE and NSE on Wednesday, September 17.

Let’s take a look at the key factors from IPO allotment process and how to check status online –

Shringar House of Mangalsutra IPO: Overview of the IPO

The IPO is a book-built public issue with the objective to raise Rs 400.95 crore through a fresh issuance of 2.43 crore equity shares. The price band for the IPO was fixed between Rs 155 and Rs 165 per share, with a lot size of 90 shares.

By the close of subscription on September 12, the IPO was oversubscribed 60.31 times. Institutional investors led the charge, with Qualified Institutional Buyers (QIBs) subscribing 101.41 times. In addition to this, the Non-Institutional Investors (NIIs) portion received a subscription of 82.58 times.

Retail investor subscriptions reached 27.26 times.

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Shringar House of Mangalsutra IPO: How to check your allotment status

Investors can verify their allotment online via three platforms. Here’s a step-by-step guide:

Check via NSE

  • Visit the NSE IPO application status page.
  • Select Equity and SME IPO bids.
  • Enter your Application Number or PAN.
  • Click Submit to view your allotment.

Check via BSE

  • Go to the BSE IPO application status page.
  • Select Equity as the issue type.
  • Choose Shringar House of Mangalsutra from the dropdown.
  • Enter your Application Number or PAN.
  • Complete the captcha and click Submit.
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Check via Registrar (MUFG Intime)

  • Visit the MUFG Intime official website.
  • Select Shringar House of Mangalsutra from the company list.
  • Enter your Client ID, Application Number, or PAN.
  • Click Submit to check your allotment.

Shringar House of Mangalsutra IPO: Key highlights of the IPO

The Shringar House of Mangalsutra IPO raised Rs 400.95 crore through a fresh issue of 2.43 crore shares. The price band was Rs 155–165 per share, and the company plans to use the funds for business expansion, brand development, and operational growth.