SMR Jewels IPO: The IPO of SMR Jewels is a book build issue with a total issue size of ₹67.23 cr. Under this IPO, 0.40 cr. new shares worth ₹54.00 cr. will be issued, while 0.10 cr. shares worth ₹13.23 cr. will be sold through OFS. This IPO will open for investment on 26-05-2026 and will close on 29- 05-2026. After, the allotment of shares is expected to be finalized on June 1, 2026, and the company shares may be listed on the BSE SME platform on 03-06-2026.
IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| SMR Jewels | Mon, Jun 1, 2026 | Wed, Jun 3, 2026 | Purva Sharegistry (India) Pvt.Ltd. |
SMR Jewels IPO Overview
The company has fixed the price band of ₹128 to ₹135 per share for this IPO, in which the size of 1 lot is 1,000 shares. Retail investors will have to apply for a minimum of 2 lots (2,000 shares) to participate, with a minimum investment of ₹2,70,000 based on the upper price band. Whereas, the minimum investment for HNI investors is 3 lots (3,000 shares), the total amount of which comes to ₹4,05,000. The book running lead manager of the entire issue is ‘Wealth Mine Networks Pvt. Ltd.’, while ‘Purva Sharegistry (India) Pvt. Ltd.’ has been appointed as its registrar, and ‘Rikhav Securities Ltd.’ will act as market maker of the company.
| Details | Descriptions |
|---|---|
| IPO Date | 26 to 29 May, 2026 |
| Listing Date | Wed, Jun 3, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹128 to ₹135 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 49,80,000 shares (agg. up to ₹67 Cr) |
| Reserved for Market Maker | 2,49,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 37,51,000 shares (agg. up to ₹51 Cr) |
| Net Offered to Public | 47,31,000 shares (agg. up to ₹64 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,46,53,743 shares |
| Share Holding Post Issue | 1,86,53,743 shares |
SMR Jewels IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Tue, May 26, 2026 |
| IPO Close Date | Fri, May 29, 2026 |
| Tentative Allotment | Mon, Jun 1, 2026 |
| Initiation of Refunds | Tue, Jun 2, 2026 |
| Credit of Shares to Demat | Tue, Jun 2, 2026 |
| Tentative Listing Date | Wed, Jun 3, 2026 |
SMR Jewels IPO Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,70,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,05,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,80,000 |
Issue Reservation – SMR Jewels IPO
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,73,000 | 10.00% | 9.50% |
| − Anchor Investor Shares Offered | 24,000 | 0.48% | |
| − QIB (Ex. Anchor) Shares Offered | 4,49,000 | 9.02% | |
| NII (HNI) Shares Offered | 18,93,000 | 40.01% | 38.01% |
| − bNII > ₹10L | 12,62,000 | 25.34% | |
| − sNII < ₹10L | 6,31,000 | 12.67% | |
| Retail Shares Offered | 23,65,000 | 49.99% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,49,000 | 5.00% | |
| Total Shares Offered | 49,80,000 | 100.00% | 100.00% |
SMR Jewels IPO – GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 28/05/2026 | ₹135.00 | ₹0 | ₹135 (0.00%) | ₹0 |
| 27/05/2026 | ₹135.00 | ₹ ▼ | ₹0 | |
| 26/05/2026 | ₹135.00 | ₹ ▲ | ₹0 | |
| 25/5/2026 | ₹135.00 | ₹ ▲ | ₹0 | |
| 24/5/2026 | ₹135.00 | ₹ ▲ | ₹0 | |
| 23/5/2026 | ₹135.00 | ₹ ▲ | ₹0 | |
| 22/5/2026 | ₹135.00 | ₹ ▲ | ₹0 | |
| 21/5/2026 | ₹135.00 | ₹ ▲ | ₹0 | |
| 20/5/2026 | ₹135.00 | ₹0 ─ | ₹0 |
Overview of SMR Jewels
SMR Jewels Limited
Established in the year 2018, SMR Jewels Ltd. is promised in the business of designing and distributing designer heritage jewellery.
The company portfolio includes the following products:
Nature-inspired jewellery: This includes designs influenced by flowers, leaves, vines, animals and seasonal themes.
Traditional Jewellery: This includes Jadtar, Meenakari, Polki, and Bridal and Festive collections.
These creations cater to a variety of preferences, ranging from heavy heritage sets to modern designs for weddings and festivals.
Construction and functioning
SMR Jewels does not have any manufacturing capability of its own. The company abstracts and designs the jewelery in-house, while manufacturing it is outsourced to skilled artisans and craftsmen.
Major Customers (Clientele)
The company clients include prestigious jewelers of the country, such as:
- HSJ
- Rokde Jewellers
- WHP
- JOSCO Jewellers
- Kalamandir Jeweller
- Vaibhav Jewellers
- D. P. Abhushan Limited
Employee No: As of March 31, 2026, the company had 23 permanent employees, supported by a large network of artisans and job workers.
Company Financials
SMR Jewels Financial Information (Restated Standalone)
For the financial year ending Dec 31, 2025, SMR Jewels Ltd. reported a 19% growth in revenue and a substantial 57% increase in profit after tax (PAT) compared to the previous year.
| 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 |
Key Performance Indicator (KPI)
The market cap. of SMR Jewels IPO is ₹ 251.83 in Crores.
KPI as of Mar 31, 2025
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 55.52% | 71.76 |
| ROCE | 50.18% | 47.92 |
| Debt/Equity | – | |
| RoNW | 43.54% | 43.14 |
| PAT Margin | 6.01% | 3.96 |
| EBITDA Margin | 8.65% | 5.76 |
| Price to Book Value | 4.63 | 2.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.11 | 13.26 |
| P/E (x) | 19 | 10.18 |
| Promoter Holding | 90.37% | 65.74% |
| Market Cap | ₹251.83 Cr. |
SMR Jewels IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company | – |
| General corporate purposes | – |
| Total | – |
SMR Jewels IPO Contact Details
- SMR Jewels Ltd.
- 3 Vrindavan Appartments,
- Gulbai Tekra
- Ahmedabad, Gujarat, 380006
- +91079 4941033
- info@smrjewels.in
- Website: https://smrjewels.in/
SMR Jewels IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-022-23018261/ 23016761 |
| Email: | newissue@purvashare.com |
| Website: | https://www.purvashare.com/investor-service/ipo-query |
SMR Jewels IPO FAQs
When SMR Jewels IPO become available?
The IPO will open on Tue, May 26, 2026.
What is the minimum lot size for the SMR Jewels IPO?
The minimum lot size is 1,000 shares.
When will the shares for the SMR Jewels IPO be allotted?
The allotment is expected to be finalized on Mon, Jun 1, 2026.
What is the expected listing date for the SMR Jewels IPO?
The tentative listing date is Wed, Jun 3, 2026.
How can I apply for the SMR Jewels IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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