New Delhi, Sept. 5 -- Jewellery company Shringar House of Mangalsutra's initial public offering (IPO) will be open for subscription from September 10 to 12, as per their official announcement. Shringar House of Mangalsutra IPO price band has been established at Rs.155 to Rs.165 per share, totaling Rs.401 crore for the initial share sale.

The company based in Mumbai is offering a fresh issue of 2.43 crore equity shares, which amounts to Rs.401 crore at the highest point of the price range, without any Offer For Sale (OFS) component.

The funds raised from the new issue will be utilised to meet the working capital needs of the company and for general corporate purposes.

Founded in 2009, Shringar House of Mangalsutra specializes in the des...