SMR Jewels IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 128 – 135
Lot Size
1000
Issue Size
₹67 Cr
Minimum Investment
₹270000 (2000 Shares)
Listing Date
08 June 2026
Subscription
1.14x
About the Company
Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of designer heritage jewellery. The company offers an extensive portfolio that includes heritage collections, nature-inspired jewellery, and traditional jewellery crafted to cater to diverse customer preferences.
Its nature-inspired jewellery range features designs influenced by flowers, leaves, vines, animals, and seasonal motifs, while the traditional jewellery portfolio includes Jadtar, Meenakari, Polki, bridal, and festive collections. These products combine intricate craftsmanship with contemporary aesthetics, making them suitable for weddings, celebrations, and special occasions.
The company follows an asset-light business model and does not own any manufacturing facility. Production activities are outsourced to skilled artisans and craftsmen, whereas product conceptualization, design development, and collection planning are managed internally by the company.
SMR Jewels has built long-standing relationships with several reputed jewellery retailers and wholesalers, including HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.
As of March 31, 2026, the company employed 23 permanent staff members and was further supported by a wider network of artisans and job workers involved in the manufacturing process.
Promoters
- Mr. Vismay Manojkumar Soni
- Mr. Jainil Virendra Soni
- Mrs. Parul Manoj Soni
- Mrs. Dipikaben Virendra Soni
- Mrs. Drashti Pal Modi
Promoters Holding
Holding Pre Issue
90.37%
Holding Post Issue
65.74%
Objects of the Issue
The Company SMR Jewels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure requirements towards Construction of Studio
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions
- Funding Long Term working capital requirement
- General Corporate Purposes
Address / Contact Info
SMR Jewels Ltd.
3,
Vrindavan Appartments,
Gulbai Tekra
Ahmedabad, Gujarat
Phone: +91079 4941033
Email: info@smrjewels.in
Website: https://smrjewels.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 26 May 2026
IPO Close Date
Wednesday, 03 June 2026
Basis of Allotment
Thursday, 04 June 2026
Initiation of Refunds
Friday, 05 June 2026
Credit of Shares to Demat
Friday, 05 June 2026
Listing Date
Monday, 08 June 2026 — NSE & BSE
Important Dates
Open Date
26 May 2026
Close Date
03 June 2026
Basis Of Allotment
04 June 2026
Listing Date
08 June 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.43 | 43.35 | 15.06 | 21.3 |
| Revenue | 308.72 | 263.25 | 124.52 | 67.53 |
| Profit After Tax | 18.56 | 10.41 | 3.85 | 0.91 |
| Net Worth | 42.69 | 24.14 | 4.88 | 1.04 |
| Reserve & Surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total Borrowings | 16.54 | 8.57 | 7.65 | 6.33 |
EPS Pre
7.11%
EPS Post
13.26%
P/E Pre
19.00
P/E (Post Issue)
10.18x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 55.52 | 71.76 | 129.95 | 156.32 |
| ROCE % | 50.18 | 47.92 | 59.51 | 34.91 |
| Debt / Equity | 0 | 0 | 0 | 0 |
| RoNW % | 43.54 | 43.14 | 78.77 | 87.74 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 6.01 | 3.96 | 3.09 | 1.35 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 473000 | 10 | 0 |
| Non-Institutional | 1892000 | 39.99 | 0 |
| BNII | 1262000 | 26.68 | 0 |
| SNII | 630000 | 13.32 | 0 |
| Retail Investors | 2366000 | 50.01 | 0 |
| Total | 4731000 | 100 | 0 |
Subscription Status ( Wed, 03 Jun 26 01:36 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 473000 | 2558000 | 5.41x |
| Non-Institutional | 1892000 | 2150000 | 1.14x |
| BNII | 1262000 | 2019000 | 1.6x |
| SNII | 630000 | 131000 | 0.21x |
| Retail Investors | 2366000 | 704000 | 0.3x |
| Total | 4731000 | 5412000 | 1.14x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| SMR Jewels Ltd | 10 | 0.00 | 12.66 | 12.66 | 55.00 | 29.13 |
| Pushpa Jewellers Ltd | 10 | 28.42 | 4.55 | 4.55 | 14.88 | 57.60 |
| Khazanchi Jewellers Ltd | 10 | 25.96 | 25.76 | 25.76 | 15.47 | 109.00 |
| Sky Gold & Diamonds Ltd | 10 | 30.97 | 9.80 | 9.79 | 10.66 | 66.90 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 270,000.00 |
| Retail (Max) | 2 | 2,000 | 270,000.00 |
| S-HNI (Min) | 3 | 3,000 | 405,000.00 |
| S-HNI (Max) | 7 | 7,000 | 945,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,080,000.00 |
Registrar
Purva Sharegistry India Pvt Ltd
91 22 3522 0056 , 91 22 4961 4132
support@purvashare.com
https://www.purvashare.com
Book Running Lead Managers
- Wealth Mine Networks Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
SMR Jewels IPO is a Book-building IPO worth ₹67 crores. The price band is ₹128 to 135 per share. The IPO opens on Tue, May 26, 2026 and closes on Wed, Jun 3, 2026. It will be listed on BSE and NSE. Purva Sharegistry India Pvt Ltd is the registrar.
The SMR Jewels IPO opens on Tue, May 26, 2026 and closes on Wed, Jun 3, 2026
SMR Jewels IPO Price Band is ₹128 to 135.
SMR Jewels IPO lot size is 1000, and the minimum amount required for application is ₹270000.
The minimum investment for SMR Jewels IPO is approximately ₹270000 based on the upper price band.
To apply for the SMR Jewels IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jun 3, 2026. After submission, funds are blocked until the basis of allotment of SMR Jewels IPO is finalised.
SMR Jewels IPO issue size is ₹67 crores.
SMR Jewels IPO allotment date is Sat, Jun 27, 2026.
The registrar for SMR Jewels IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website for IPO allotment status, refund processing, and other queries related to SMR Jewels IPO through their official website or helpline.