Bookbuilding IPO | ₹67 Cr | Listing at BSE SME | Tue, May 26, 2026 - Fri, May 29, 2026 O
SMR Jewels IPO is a book build issue of ₹67.23 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹54.00 crores and offer for sale of 0.10 crore shares aggregating to ₹13.23 crores.
SMR Jewels IPO opens for subscription on May 26, 2026 and closes on May 29, 2026. The allotment for the SMR Jewels IPO is expected to be finalized on Jun 1, 2026. SMR Jewels IPO will list on the BSE SME with a tentative listing date fixed as Jun 3, 2026.
SMR Jewels IPO is set issue price band at ₹128 to ₹135 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,05,000.
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
Fri, May 29, 2026
Price Band
₹128 to ₹135
Market Cap (Pre-IPO)
₹251.83 Cr
| IPO Date | 26 to 29 May, 2026 |
| Listing Date | Wed, Jun 3, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 |
| 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 ₹67 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 ₹51 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 ₹64 Cr) |
| Share Holding Pre Issue | 1,46,53,743 shares |
| Share Holding Post Issue | 1,86,53,743 shares |
SMR Jewels IPO comprises a total issue size of 37,54,000 shares. The net offer to the public is 35,05,000 shares, after excluding 2,49,000 shares allotted on a firm basis. Of the Net offer 10,06,000 (28.70%) are allocated to QIB, 7,67,000 (21.88%) allocated to NII 17,32,000 (49.42%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,06,000 | 28.70% | 26.80% |
| − Anchor Investor Shares Offered | 24,000 | 0.64% | |
| − QIB (Ex. Anchor) Shares Offered | 9,82,000 | 26.16% | |
| NII (HNI) Shares Offered | 7,67,000 | 21.88% | 20.43% |
| − bNII > ₹10L | 5,15,000 | 13.72% | |
| − sNII < ₹10L | 2,52,000 | 6.71% | |
| Retail Shares Offered | 17,32,000 | 49.42% | 46.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,49,000 | 6.63% | |
| Total Shares Offered | 37,54,000 | 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 (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 |
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 | Listing Day Close | Listing Gain/Loss % |
|---|---|---|---|---|
| Grover Jewells Ltd. | Book Building | ₹33.83 Cr | ₹100.80 | +14.55% |
| Luxury Time Ltd. | Book Building | ₹18.74 Cr | ₹163.59 | +99.50% |
| PNGS Reva Diamond Jewellery Ltd. | Book Building | ₹379.52 Cr | ₹411.70 | +6.66% |
| Pushpa Jewellers Ltd. | Book Building | ₹98.65 Cr | ₹117.60 | -20.00% |
| AJC Jewel Manufacturers Ltd. | Book Building | ₹15.39 Cr | ₹95.39 | +0.41% |
| BlueStone Jewellery & Lifestyle Ltd. | Book Building | ₹1,540.65 Cr | ₹546.00 | +5.61% |
| Shanti Gold International Ltd. | Book Building | ₹360.11 Cr | ₹229.38 | +15.27% |
| Shringar House of Mangalsutra Ltd. | Book Building | ₹400.95 Cr | ₹184.88 | +12.05% |
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. | |
| Total | 42.90 |
| 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 | 2.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.11 | 13.26 |
| P/E (x) | 19 | 10.18 |
| Promoter Holding | 90.37% | 65.74% |
| Market Cap | ₹251.83 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | |
| 2 | Fees Payable to Registrar to the Offer | |
| 3 | Fees Payable to Legal Advisor | |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | |
| 6 | Fees payable to Peer Review Auditor | |
| 7 | Fees Payable to Market Maker | |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees and miscellaneous expenses.) |
Purva Sharegistry (India) Pvt.Ltd.
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 ₹67 Crores. The issue is priced at ₹128 to ₹135. The minimum order quantity is 1000.
The IPO opens on Tue, May 26, 2026, and closes on Fri, May 29, 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 Fri, May 29, 2026.
SMR Jewels IPO lot size is 1000, and the minimum amount required for application is ₹2,70,000, 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 Monday, June 1, 2026, and the allotted shares will be credited to your demat account by Tue, Jun 2, 2026. Check the SMR Jewels IPO allotment status.
The SMR Jewels IPO listing date is not yet announced. The tentative date of listing is Wed, Jun 3, 2026.
