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Shringar House of Mangalsutra IPO Allotment Due Today as Listing Set for Sept. 17

Investors are being told to verify allotments on exchange and registrar portals, with refunds due Tuesday and the stock slated to debut Wednesday.

Overview

  • The offer was a fresh issue of 2.43 crore shares to raise Rs 400.95 crore, priced in a Rs 155–165 band with a lot size of 90.
  • Subscriptions closed at roughly 60x overall, including 101.41x by QIBs, 82.58x by NIIs and about 27x by retail, per NSE data showing 1,02,59,15,670 bids for 1,70,16,000 shares.
  • Applicants can check allotment status on BSE and NSE websites or via registrar MUFG Intime using application number, PAN or DP/Client ID.
  • Refunds for non-allottees and credit of shares to Demat accounts are scheduled for September 16 ahead of the listing.
  • Grey-market premium was around Rs 31 on September 15, implying a tentative listing price near Rs 196, though GMP is unofficial and speculative.