Bookbuilding IPO | ₹64 Cr | Listed at BSE SME | Tue, May 26, 2026 - Wed, Jun 3, 2026
SMR Jewels IPO is a book build issue of ₹63.74 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹51.20 crores and offer for sale of 0.10 crore shares aggregating to ₹12.54 crores.
SMR Jewels IPO bidding started from May 26, 2026 and ended on Jun 3, 2026. The allotment for SMR Jewels IPO was finalized on Jun 4, 2026. The shares got listed on the BSE SME on Jun 8, 2026.
SMR Jewels IPO is set final issue price at ₹128 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,56,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,84,000.
Wealth Mine Networks Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd.
Refer to SMR Jewels IPO RHP for detailed Information.
IPO Open
Tue, May 26, 2026
IPO Close
Wed, Jun 3, 2026
Issue Price
₹128 per share
Market Cap (Pre-IPO)
₹238.77 Cr
| IPO Date | 26 May to 3 Jun, 2026 |
| Listed on | Mon, Jun 8, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹128 |
| Issue Price | ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 49,80,000 shares (agg. up to ₹64 Cr) |
| Reserved for Market Maker | 2,49,000 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 37,51,000 shares (agg. up to ₹48 Cr) |
| Offer for Sale | 9,80,000 shares of ₹10 (agg. up to ₹13 Cr) |
| Net Offered to Public | 47,31,000 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 1,46,53,743 shares |
| Share Holding Post Issue | 1,86,53,743 shares |
| BSE Script Code / | 544774 / |
| ISIN | INE11XK01017 |
SMR Jewels IPO comprises a total issue size of 49,80,000 shares. The net offer to the public is 47,31,000 shares, after excluding 2,49,000 shares allotted on a firm basis. Of the Net offer 4,73,000 (10.00%) are allocated to QIB, 18,92,000 (39.99%) allocated to NII 23,66,000 (50.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,73,000 | 10.00% | 9.50% |
| NII (HNI) Shares Offered | 18,92,000 | 39.99% | 37.99% |
| − bNII > ₹10L | 12,62,000 | 25.34% | |
| − sNII < ₹10L | 6,30,000 | 12.65% | |
| Retail Shares Offered | 23,66,000 | 50.01% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,49,000 | 5.00% | |
| Total Shares Offered | 49,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,56,000 |
| Individual investors (IND) (Max) | 2 | 2,000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,24,000 |
Incorporated in 2018, 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. These creations cater to diverse preferences, from ornate heritage sets to contemporary designs for weddings and festivals.
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.
As of , March 31, 2026, the company employed 23 permanent staff members supported by a broader network of artisans and job workers.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.43 | 43.35 | 15.06 | 21.30 |
| Total Income | 308.72 | 263.25 | 124.52 | 67.53 |
| Profit After Tax | 18.56 | 10.41 | 3.85 | 0.91 |
| EBITDA | 26.71 | 15.17 | 6.14 | 1.96 |
| NET Worth | 42.69 | 24.14 | 4.88 | 1.04 |
| Reserves and Surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total Borrowing | 16.54 | 8.57 | 7.65 | 6.33 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹96.60 (-4.02%) |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹187.20 (-4.49%) |
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹67.50 (-0.74%) |
| Pushpa Jewellers Ltd. | SME | ₹98.65 Cr | ₹147 | 12.44 | ₹117.60 | -20.00% | ₹100.00 (+2.56%) |
| AJC Jewel Manufacturers Ltd. | SME | ₹15.39 Cr | ₹95 | 12.73 | ₹95.39 | +0.41% | ₹116.95 (+9.60%) |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹415.05 (+4.04%) |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.95 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹227.73 (+1.65%) |
| BlueStone Jewellery & Lifestyle Ltd. | Mainboard | ₹1,540.65 Cr | ₹517 | null | ₹546.00 | +5.61% | ₹570.70 (+0.61%) |
| Shanti Gold International Ltd. | Mainboard | ₹360.11 Cr | ₹199 | 19.24 | ₹229.38 | +15.27% | ₹220.04 (-0.63%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards Construction of Jewellery Studio | 6.40 |
| 2 | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions | 6.50 |
| 3 | Funding long-term Working Capital Requirement | 30.00 |
| 4 | Funding expenditure for General Corporate Purposes. | 5.02 |
| 5 | Offer expenses | 4.08 |
| Total | 52.00 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 55.52% | 71.76% |
| ROCE | 50.18% | 47.92% |
| RoNW | 43.54% | 43.14% |
| PAT Margin | 6.01% | 3.96% |
| EBITDA Margin | 8.65% | 5.76% |
| Price to Book Value | 4.63 | 2.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.11 | 13.26 |
| P/E (x) | 18.01 | 9.65 |
| Promoter Holding | 90.37% | 65.74% |
| Market Cap | ₹238.77 Cr. |
The SMR Jewels IPO is subscribed 1.09 times on June 3, 2026 6:54:34 PM (Day 6). The public issue subscribed 0.30 times in the individual investors category, 5.41 times in the QIB category, and 1.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 5.41 | 4,73,000 | 25,58,000 | 0 |
| NII* | 1.00 | 18,92,000 | 19,01,000 | 0 |
| bNII (> ₹10L) | 1.40 | 12,62,000 | 17,70,000 | |
| sNII (< ₹10L) | 0.21 | 6,30,000 | 1,31,000 | |
| Individual Investor | 0.30 | 23,66,000 | 7,04,000 | 0 |
| Total | 1.09 | 47,31,000 | 51,63,000 | 410 |
Total Applications: 410
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | 2.65 |
| 2 | Fees Payable to Registrar to the Offer | 0.07 |
| 3 | Fees Payable to Legal Advisor | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.11 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.10 |
| 6 | Fees payable to Peer Review Auditor | 0.30 |
| 7 | Fees Payable to Market Maker | 0.03 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees and miscellaneous expenses.) | 0.80 |
| Total | 4.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹128.00 |
| Open | ₹102.95 |
| Low | ₹102.40 |
| High | ₹108.05 |
| Last Trade | ₹103.05 |
Lead Manager Reports
SMR Jewels IPO is a SME IPO of 49,80,000 equity shares of the face value of ₹10 aggregating up to ₹64 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 1000.
The IPO opens on Tue, May 26, 2026, and closes on Wed, Jun 3, 2026.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SMR Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in SMR Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SMR Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SMR Jewels IPO opens on Tue, May 26, 2026 and closes on Wed, Jun 3, 2026.
SMR Jewels IPO lot size is 1000, and the minimum amount required for application is ₹2,56,000, with 2 lots being the minimum application size.
You can apply in SMR Jewels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SMR Jewels IPO will be done on Thursday, June 4, 2026, and the allotted shares will be credited to your demat account by Fri, Jun 5, 2026. Check the SMR Jewels IPO allotment status.
The SMR Jewels IPO listing date is on Mon, Jun 8, 2026.
