SMR Jewels Limited SME IPO: Price, GMP, Dates & Review

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SMR Jewels Limited IPO
SM
SMR Jewels Limited IPO
Designer Heritage Jewellery · B2B Network Model · Ahmedabad Headquarters · Artisan Outsourcing
📋 SME IPO Fresh cum OFS BSE SME
₹135
Upper Price
₹67.23 Cr
Issue Size
Jun 3, 2026
Listing Date
₹251.83 Cr
Market Cap
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Tuesday, 26 May 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 29 May 2026
Last day to bid — closes at 5:00 PM IST
📊
Monday, 1 June 2026
Allotment finalised by registrar
🔄
Tuesday, 2 June 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 3 June 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date26 May 2026 (Tue)
IPO Close Date29 May 2026 (Fri)
Listing Date3 June 2026 (Wed)
Face Value₹10 per share
Price Band₹128 to ₹135
Issue Price (Upper Band)₹135 per share
Issue TypeBook Build — Fresh cum OFS
Lot Size1,000 shares
Total Issue Size49,80,000 shares (₹67.23 Cr)
Fresh Issue37,51,000 shares (₹54.00 Cr)
Offer for Sale9,80,000 shares (₹13.23 Cr)
Market Maker Shares2,49,000 shares
Pre-Issue Shares1,46,53,743
Post-Issue Shares1,86,53,743
Promoter Holding (Pre)90.37%
Lead ManagerWealth Mine Networks Pvt.Ltd.
RegistrarPurva Sharegistry (India)
💰 Lot Size & Minimum Investment
At upper price ₹135
Investor TypeLotsSharesAmount
Retail — Minimum & Maximum22,000₹2,70,000
S-HNI (sNII) — Min33,000₹4,05,000
S-HNI (sNII) — Max77,000₹9,45,000
B-HNI (bNII) — Min88,000₹10,80,000
⚠️ SME IPO Note: Minimum application for retail is 2 lots (2,000 shares = ₹2,70,000). Retail maximum limit is also 2 lots. Lot size is 1,000 shares; bids must be in multiples thereof.
👥 Investor Reservation
Total 49,80,000 shares
10.00%
QIB Portion
4,73,000 shares
50.01%
Retail (RII)
23,66,000 shares
39.99%
NII / HNI
18,92,000 shares
💡 Market Maker: Rikhav Securities Ltd. has been allocated 2,49,000 shares (5.00% of issue) to ensure liquidity post-listing.
📊 Live Subscription Status
Bidding Live

The SMR Jewels IPO is subscribed 0.00 times on May 26, 2026 11:49:50 AM (Day 1).

CategoryShares OfferedShares Bid ForSubscription (x)
QIB (Ex Anchor)4,73,00000.00x
NII / HNI18,92,00000.00x
Retail Investors23,66,00016,0000.01x
Total Public47,31,00016,0000.00x

Total Applications: 10 · Market Maker portion excluded from NII.

📈 Company Financials
Restated Standalone · ₹ Crore
Metric31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Total Assets85.4343.3515.0621.30
Total Income308.72263.25124.5267.53
PAT18.5610.413.850.91
EBITDA26.7115.176.141.96
Net Worth42.6924.144.881.04
Total Borrowing16.548.577.656.33
Income Growth
FY 2023–24₹124.52 Cr
FY 2024–25₹263.25 Cr
H1 FY26 (Dec 2025)₹308.72 Cr
🎯 Key Performance Indicators
71.76%
ROE
FY 2024–25
47.92%
ROCE
FY 2024–25
3.96%
PAT Margin
FY 2024–25
43.14%
RoNW
FY 2024–25
55.52%
ROE (H1 FY26)
Dec 31, 2025
50.18%
ROCE (H1 FY26)
Dec 31, 2025
6.01%
PAT Margin
Dec 31, 2025
4.63x
Price/Book
Dec 31, 2025
⚖︀ Valuation & EPS
Pre-IPO EPS
₹7.11
FY25 earnings / pre-issue shares
P/E: 19.00x
Post-IPO EPS
₹13.26
Annualised H1 FY26 / post-issue shares
P/E: 10.18x
Price to Book Value
2.30x
At upper price band (FY25 book)
Market Cap (Post-IPO)
₹251.83 Cr
At issue price ₹135
ℹ︀ Pre-IPO EPS (₹7.11) based on pre-issue shareholding (1,46,53,743) and FY25 earnings. Post-IPO EPS (₹13.26) based on post-issue shareholding (1,86,53,743) and annualised H1 FY26 earnings.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding capital expenditure requirements towards Construction of Jewellery Studio
₹6.40 Cr
2
Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company
₹6.50 Cr
3
Funding long-term Working Capital Requirement
₹30.00 Cr
Total Net Proceeds Target ₹42.90 Cr
🏢 About SMR Jewels Limited
Est. 2018 · Ahmedabad, Gujarat · Heritage Jewellery

SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery. The company’s portfolio also includes Nature-Inspired Jewellery, reflecting designs influenced by flowers, leaves, vines, animals, and seasonal motifs, and Traditional Jewellery, comprising Jadtar, Meenakari, Polki, and Bridal & Festive collections.

SMR Jewels does not own a manufacturing facility but outsources production to skilled artisans and craftsmen, while conceptualization and design are managed in-house. Its clientele includes reputed jewellers such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.

Competitive Strengths
✅Established manufacturing capabilities with focus on R&D, Reverse Engineering and quality control
📍Diversified product portfolio with focus on IVD industry
📋Widespread distribution network with a presence across all four regions
👨‍💼Long standing relationships with customers and experienced promoter team
Company Promoters
VS
Mr. Vismay Manojkumar Soni
Promoter, SMR Jewels Limited
JS
Mr. Jainil Virendra Soni
Promoter, SMR Jewels Limited
📅 Key Dates
IPO Opens26 May 2026
IPO Closes29 May 2026
Allotment1 June 2026
Refund & Share Credit2 June 2026
Listing Day3 June 2026
💡 Quick Summary
Price Band₹128 – ₹135
Issue Price₹135 / share
Lot Size1,000 shares
Min. Investment (Retail)₹2,70,000 (2 lots)
Issue Size₹67.23 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Purva Sharegistry (India) Pvt.Ltd.
📞 +91-022-23018261/ 23016761
[email protected]
Lead Manager
Wealth Mine Networks Pvt.Ltd.
Market Maker
Rikhav Securities Ltd.
📍 Registered Address
SMR Jewels Ltd.
3 Vrindavan Appartments,
Gulbai Tekra, Ahmedabad,
Gujarat — 380006
📞 +91079 4941033
[email protected]
🛡︀ Regulatory Note: SME IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠︀ Disclaimer: This page presents publicly available information from the SMR Jewels IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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