SMR Jewels IPO
GMP, Subscription, Price, Dates & Financial Details
Diamond & Jewellery
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…
Open Date
Tue, 26 May 2026
Close Date
Wed, 03 Jun 2026
Price Band
₹ 128 – 135
Lot Size
1000
Issue Size
₹ 67.00 Cr
Minimum Investment
₹ 270,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
SMR Jewels IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹67.00 Crore, comprising a fresh issue of 37.51 Lakh equity shares aggregating to ₹51.00 Crore and an offer for sale (OFS) of 9.80 Lakh equity shares aggregating to ₹13.00 Crore by the existing shareholders.
The SMR Jewels IPO remained open for subscription from May 26, 2026, to June 03, 2026. The basis of allotment was finalized on June 04, 2026, and the company's shares were listed on BSE SME Platform on June 08, 2026.
The company had fixed the price band at ₹128 to ₹135 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹270,000 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd served as the registrar to the issue. Wealth Mine Networks Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, SMR Jewels Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
SMR Jewels IPO Timeline (Tentative)
- IPO Open Date
- Tue, 26 May 26
- IPO Close Date
- Wed, 03 Jun 26
- Basis of Allotment
- Thu, 04 Jun 26
- Initiation of Refunds
- Fri, 05 Jun 26
- Credit of Shares to Demat
- Fri, 05 Jun 26
- Listing Date
- Mon, 08 Jun 26 — NSE & BSE
Open Date
26 May 2026
Close Date
03 June 2026
Basis Of Allotment
04 June 2026
Listing Date
08 June 2026
IPO Subscription
Check Live Subscription →The SMR Jewels IPO has received bids for 54,12,000 shares against 47,31,000 shares offered, resulting in an overall subscription of 1.14x. the NII category is subscribed 1.14x, Retail Investors 0.3x, and QIBs 5.41x. Within the NII category, BNII is subscribed 1.6x, while SNII is subscribed 0.21x.
QIB
5.41x
NII
1.14x
BNII
1.6x
SNII
0.21x
RII
0.3x
Total
1.14x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 23,66,000 shares, representing 50.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 4,73,000 shares (10%), while Non-Institutional Investors (NIIs) receive 18,92,000 shares (39.99%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 473,000 | 10% |
| Non-Institutional | 1,892,000 | 39.99% |
| BNII | 1,262,000 | 26.68% |
| SNII | 630,000 | 13.32% |
| Retail Investors | 2,366,000 | 50.01% |
| Total | 4,731,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
SMR Jewels Limited KPI Information
| 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 |
| RoNW % | 43.54 | 43.14 | 78.77 | 87.74 |
| Pat Margin % | 6.01 | 3.96 | 3.09 | 1.35 |
Peers Comparison
| 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 |
About SMR Jewels Limited
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.
SMR Jewels IPO 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%
SMR Jewels IPO Objective
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
SMR Jewels Limited Address / Contact Details
SMR Jewels Ltd.
3,
Vrindavan Appartments,
Gulbai Tekra
Ahmedabad, Gujarat
Phone: +91079 4941033
Email: info@smrjewels.in
Website: https://smrjewels.in/
IPO Snapshot
SMR Jewels IPO Lot Size
The SMR Jewels IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,70,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,70,000.
| 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 |
Issue Reservation
- QIB — 10%
- NII — 39.99%
- RII — 50.01%
Book Running Lead Managers
- Wealth Mine Networks Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the SMR Jewels IPO?
SMR Jewels IPO is a Book-building IPO with a total issue size of ₹67 crore. The SMR Jewels IPO price band is ₹128 to 135 per share. The SMR Jewels IPO subscription opens on Tue, May 26, 2026, and closes on Wed, Jun 3, 2026. The SMR Jewels IPO will be listed on the BSE. Purva Sharegistry India Pvt Ltd is the registrar for the SMR Jewels IPO.
When will the SMR Jewels IPO open for subscription?
The SMR Jewels IPO opens on Tue, May 26, 2026 and closes on Wed, Jun 3, 2026
What is SMR Jewels IPO Price Band?
SMR Jewels IPO Price Band is ₹128 to 135 per share.
What is SMR Jewels IPO Lot Size?
SMR Jewels IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
What is the minimum investment for SMR Jewels IPO?
The minimum investment for SMR Jewels IPO is ₹270000, based on one lot of 1000 shares at the upper price band of ₹135 per share.
How to apply for SMR Jewels IPO?
Investors can apply for the SMR Jewels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jun 3, 2026. The application amount remains blocked until the SMR Jewels IPO allotment is finalized.
What is SMR Jewels IPO Issue Size?
SMR Jewels IPO issue size is ₹67 crores.
What is the SMR Jewels IPO Allotment Date?
SMR Jewels IPO allotment date is Thu, Jun 4, 2026.
Who is the SMR Jewels IPO Registrar?
The registrar for SMR Jewels IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check SMR Jewels IPO allotment status, refund processing, and other IPO-related information.
Who is the SMR Jewels IPO Lead Manager?
The book-running lead managers (BRLMs) for the SMR Jewels IPO are Wealth Mine Networks Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the SMR Jewels IPO Red Herring Prospectus (RHP).