SMR Jewels IPO open date is May 26, 2026 and the IPO will close on May 29, 2026. SMR Jewels IPO is a Book Building Issue. The company aims to raise approximately ₹67.23 crores through the IPO, comprising a fresh issue of ₹54 crores and an offer for sale of 9,80,000 equity shares with a face value of ₹10 each.
The SMR Jewels IPO price band is fixed at ₹128 to ₹135 per share. The retail investor quota is 35%, QIB quota is 50%, and HNI quota is 15%. The IPO will be listed on BSE SME on June 3, 2026, while the allotment is expected on June 1, 2026.
The company reported revenue of ₹263.25 crores in FY2025 compared to ₹124.52 crores in FY2024. Net profit increased to ₹10.41 crores in FY2025 from ₹3.85 crores in FY2024. Based on financial performance, long-term investors may consider this IPO.(ipo updates)
SMR Jewels IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹128 to ₹135 Per Share |
| Issue Size | Approx ₹67.23 Crores |
| Fresh Issue | Approx ₹54 Crores |
| Offer for Sale | Approx ₹13.23 Crores |
| Issue Type | Book Building Issue |
| Listing Exchange | BSE SME |
| Allotment Date | June 1, 2026 |
| Listing Date | June 3, 2026 |
SMR Jewels IPO GMP Today
The Grey Market Premium (GMP) of SMR Jewels IPO is expected to remain active closer to the subscription dates. Investors generally track GMP to estimate possible listing gains, although GMP is unofficial and speculative.
SMR Jewels IPO GMP Live Updates
| Date | GMP | Estimated Listing Price |
|---|---|---|
| Latest GMP | Updating Soon | Updating Soon |
SMR Jewels IPO Review
Positive Factors
- Strong growth in revenue and profit
- Expanding heritage jewellery segment
- Established relationships with major jewellery brands
- Asset-light operational model
- Strong return ratios
Risk Factors
- Jewellery industry competition
- Dependence on outsourced manufacturing
- Gold price fluctuations
- SME IPO liquidity risks
IPO Recommendation
SMR Jewels IPO looks promising for long-term investors considering the strong financial growth and growing market presence in designer jewellery collections.
SMR Jewels IPO Market Lot
The minimum market lot for SMR Jewels IPO is 2,000 shares with an application amount of ₹2,70,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,70,000 |
| Retail Maximum | 2 | 2,000 | ₹2,70,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,05,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,45,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,80,000 |
SMR Jewels IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | 24,000 Shares | 0.48% |
| QIB (Ex. Anchor) | 4,49,000 Shares | 9.02% |
| NII Shares Offered | 18,93,000 Shares | 38.01% |
| Retail Shares Offered | 23,65,000 Shares | 47.49% |
SMR Jewels IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | May 26, 2026 |
| IPO Close Date | May 29, 2026 |
| Basis of Allotment | June 1, 2026 |
| Refunds | June 2, 2026 |
| Credit to Demat Account | June 2, 2026 |
| IPO Listing Date | June 3, 2026 |
| IPO Bidding Cut-off Time | May 29, 2026 – 5 PM |
Promoters of SMR Jewels Limited
The promoters of the company are:
- Mr. Vismay Manojkumar Soni
- Mr. Jainil Virendra Soni
- Mrs. Parul Manoj Soni
- Mrs. Dipikaben Virendra Soni
- Mrs. Drashti Pal Modi
Holding Pattern
| Particular | Shares | Percentage |
|---|---|---|
| Promoter Holding Pre Issue | 1,46,53,743 | 90.37% |
| Promoter Holding Post Issue | 1,86,53,743 | Updating Soon |
Objects of the Issue
| Purpose | Amount |
|---|---|
| Construction of Jewellery Studio | ₹6.40 Crores |
| Repayment/Prepayment of Borrowings | ₹6.50 Crores |
| Long-term Working Capital Requirements | ₹30.00 Crores |
| General Corporate Purposes | Remaining Amount |
About SMR Jewels Limited
SMR Jewels Limited was incorporated in 2018 and is engaged in the design and distribution of designer heritage jewellery. The company offers a wide range of jewellery collections including:
- Nature-inspired jewellery
- Bridal collections
- Festive jewellery
- Jadtar jewellery
- Meenakari jewellery
- Polki jewellery
- Spiritual and mythology-inspired designs
The company supplies products to reputed jewellery brands such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.
The company’s theme-based designer jewellery is inspired by mythology, spirituality, Radha-Krishna concepts, Buddha themes, and Indian cultural heritage.
SMR Jewels IPO Financial Report
Amount in ₹ Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹67.53 | ₹66.31 | ₹0.91 | ₹21.30 |
| 2024 | ₹124.52 | ₹119.26 | ₹3.85 | ₹15.06 |
| 2025 | ₹263.25 | ₹249.17 | ₹10.41 | ₹43.35 |
| Dec 2025 | ₹308.72 | ₹283.76 | ₹18.56 | ₹85.43 |
The company has shown impressive growth in both revenue and profitability over the last three years.
SMR Jewels IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 71.76% |
| ROCE | 47.92% |
| EBITDA Margin | 5.76% |
| PAT Margin | 3.96% |
| EPS (Basic) | ₹7.11 |
| RoNW | 43.14% |
| Debt to Equity | Updating Soon |
| NAV | Updating Soon |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Pushpa Jewellers | 4.55 | 28.42 | 14.88% | 57.6 | ₹170.98 Cr |
| Khazanchi Jewellers Limited | 25.76 | 25.96 | 15.47% | 109 | ₹1541.36 Cr |
| Sky Gold & Diamonds Limited | 9.80 | 30.97 | 10.66% | 66.9 | ₹3335.94 Cr |
IPO Lead Manager
- Wealth Mine Networks Pvt. Ltd.
Company Address
SMR Jewels Limited
3 Vrindavan Appartments,
Gulbai Tekra,
Ahmedabad, Gujarat – 380006
Phone: +91-079-4941033
Website: SMR Jewels Official Website
IPO Registrar
Purva Sharegistry (India) Pvt. Ltd.
Phone: +91-022-23018261 / 23016761
Website: Purva Sharegistry IPO Services
SMR Jewels IPO FAQs
What is SMR Jewels IPO?
SMR Jewels IPO is an SME IPO where the company plans to raise ₹67.23 crores. The IPO price band is ₹128 to ₹135 per share and the issue will be listed on BSE SME.
When will SMR Jewels IPO open?
The IPO opens for subscription on May 26, 2026 and closes on May 29, 2026.
What is the investor quota in SMR Jewels IPO?
The investor quota is:
- QIB: 50%
- NII/HNI: 15%
- Retail: 35%
How to apply for SMR Jewels IPO?
Investors can apply through:
- ASBA via bank account
- UPI through stock brokers
- Offline application forms through brokers
What is SMR Jewels IPO issue size?
The IPO issue size is approximately ₹67.23 crores.
What is SMR Jewels IPO lot size?
The minimum bid is 2,000 shares amounting to ₹2,70,000.
What is the SMR Jewels IPO allotment date?
The IPO allotment date is June 1, 2026.
What is the SMR Jewels IPO listing date?
The IPO will list on BSE SME on June 3, 2026.
Disclaimer
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
