New Delhi, Sept. 10 -- The initial public offering (IPO) of Shringar House of Mangalsutra Ltd, a jewellery firm, will be open for subscription from September 10 to September 12. Shringar House of Mangalsutra IPO price band has been established at Rs.155 to Rs.165 per share.

Ahead of the IPO, the company raised Rs.120.18 crore from anchor investors, which include various institutions such as Kotak Mahindra Life Insurance Company, Maybank Securities Pte Ltd - ODI, Societe Generale - ODI, AIDOS India Fund Limited, Nav Capital VCC, and Founders Collective Fund.

Founded in 2009, Shringar House of Mangalsutra specializes in the design, production, and marketing of a wide variety of Mangalsutras embellished with stones like American diamonds, ...