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SMR Jewels IPO Details

Bookbuilding IPO | ₹67 Cr | Listing at BSE SME | Tue, May 26, 2026 - Fri, May 29, 2026

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 Details

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 (agg. up to ₹3 Cr) Rikhav Securities Ltd.
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

1,03,70,000 shares

IPO Timetable (Tentative)

IPO Open

Tue, May 26, 2026
Allotment

Mon, Jun 1, 2026
Credit of Shares

Tue, Jun 2, 2026

IPO Close

Fri, May 29, 2026
Refund

Tue, Jun 2, 2026
Listing

Wed, Jun 3, 2026

Issue Reservation

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, 18,93,000 (40.01%) allocated to NII 23,65,000 (49.99%) allocated to RII.

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%

IPO Lot Size

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

IPO Subscription Details

About SMR Jewels Ltd.

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.

Company Financials (Restated Standalone)

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

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

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

Check IPO Peer Comparison here.

	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.

Mr. Vismay Manojkumar Soni, Mr. Jainil Virendra Soni, Mrs. Parul Manoj Soni, Mrs. Dipikaben Virendra Soni, Mrs. Drashti Pal Modi.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Stock Quote & Charts

IPO Expenses

#	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.)

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd.

+91-022-23018261/ 23016761
newissue@purvashare.com
Visit Website

IPO Lead Manager(s)

Wealth Mine Networks Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

SMR Jewels Ltd. Address

Vrindavan Appartments,

Gulbai Tekra

Ahmedabad, Gujarat, 380006

+91079 4941033
info@smrjewels.in
Visit Website

IPO FAQs

What is the SMR Jewels IPO?

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.

How to apply in SMR Jewels IPO through Angel One?

Angel One customers can apply online in SMR Jewels IPO using UPI as a payment gateway. Angel One customers can apply in SMR Jewels IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in SMR Jewels IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘SMR Jewels IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When SMR Jewels IPO will open?

The SMR Jewels IPO opens on Tue, May 26, 2026 and closes on Fri, May 29, 2026.

What is the lot size of SMR Jewels IPO?

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.

How to apply for SMR Jewels IPO?

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 Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is SMR Jewels IPO allotment?

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.

When is SMR Jewels IPO listing date ?

The SMR Jewels IPO listing date is not yet announced. The tentative date of listing is Wed, Jun 3, 2026.