Sanjay Bambhaniya · May 28, 2026

SMR Jewels SME IPO Details 2026

Q: What is the SMR Jewels IPO?

The company specializes in designing and distributing premium traditional and heritage jewelry items. They do not own manufacturing units. Instead, they outsource production to independent skilled artisans. This helps them run an asset-light operation. SMR Jewels IPO is launching its SME IPO on the BSE SME exchange. The IPO size is ₹ 67.23 Cr., with a fresh issue size of ₹ 54 Cr. and an Offer for sale of ₹ 13.23 Cr.

Q: When is the SMR Jewels IPO allotment and listing?

SMR Jewels IPO has the listing date of June 8, 2026, and the refunds would be issued on June 5, 2026. Moreover, the listing would be tentatively on June 8, 2026.

Q: What are the key financial trends shown by the company?

The company has recorded substantial growth over the past few years. Their total income increased to over 308 crore rupees. Net profits also jumped significantly. Their return on net worth stands strong at 55 percent.

Q: What are the primary risks associated with SMR Jewels IPO?

The business relies entirely on third-party workers for manufacturing. Any labor disruption can harm their product delivery schedules. They are also vulnerable to high volatility in gold prices. General inventory management risks remain a concern too.

Q: How will the company utilize the money raised from the IPO?

The firm wants to spend 30 crore rupees on working capital requirements. They will use 6.4 crore rupees to build a new jewelry studio in Ahmedabad. The rest will go toward debt repayment.

SME Book Build Listed

Gems, Jewellery And Watches

BSE SME

Price Band

₹128 - ₹135

Issue Size

₹67.23 Cr

Lot Size

1,000

Min. Investment

₹1,35,000

Live GMP ₹0

0.00% Est. Listing: ₹135

SIP Calc Compare

IPO Timeline

DRHP FILED December 25, 2025

OPEN May 26, 2026

CLOSE June 3, 2026

ALLOTMENT June 4, 2026

LISTING June 8, 2026

IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

SMR Jewels

Company overview & key insights

The SMR Jewels size is ₹67.23 crore, including a fresh issue of ₹54 crore and an offer for sale of ₹13.23 crore. It is a book build issue. The IPO issue opens on May 26, 2026 and closes on May 29, 2026. The share allotment is expected on Jun 1, 2026, and the listing date is Jun 3, 2026. SMR Jewels Limited is based in Ahmedabad and operates in the Jewellery sector. It filed its DRHP on 6th September 2025 and will list its shares on BSE SME. Purva Sharegistry (India) Pvt.Ltd. is the registrar, while Wealth Mine Networks Pvt.Ltd. serves as the merchant banker for the offer.

IPO Highlights

Key details & important dates

IPO Details

Total Issues ₹67.23 Cr

Fresh Issue ₹54 Cr

Offer for Sale ₹13 Cr

IPO Price Band ₹128 - ₹135

Face Value ₹10 per share

Lot Size 1,000

Listed On BSE SME

IPO Dates

DRHP Filed December 25, 2025

Issue Open May 26, 2026

Issue Close June 3, 2026

Allotment Date June 4, 2026

Refunds Initiation June 5, 2026

Credit of Shares June 5, 2026

Listing Date June 8, 2026

IPO Issue Structure

Reservation & Lot Size Details

The company has reserved shares for various investor categories. The Retail Shares reservation is 49.99% (23,65,000 shares), and QIB has 10.00% (4,73,000). Further, the minimum lot size is 1,000 shares. The anchor investor reservation is 0.48% (24,000 shares), and the market maker reservation is 5.00% (2,49,000 shares).

IPO Reservation

QIB 4,73,000 (10.00%)

Anchor Investor 24,000 (0.48%)

QIB (Ex. Anchor) 4,49,000 (9.02%)

NII (HNI) 18,93,000 (40.01%)

bNII > ₹10L 12,62,000 (25.34%)

sNII < ₹10L 6,31,000 (12.67%)

Retail 23,65,000 (49.99%)

Employee 2,49,000 (approx. ₹3 Cr)

Shareholder 49,80,000 (100.00%)

IPO Lot Size

Retail (Min)

2 | 2,000 Shares

₹2,70,000

Small Investor Quota

Retail (Max)

2 | 2,000 Shares

₹2,70,000

Retail Investment Limit

S-HNI (Min)

3 | 3,000 Shares

₹4,05,000

Small HNI (₹2L – ₹10L)

S-HNI (Max)

7 | 7,000 Shares

₹9,45,000

Small HNI (Up to ₹10 L)

B-HNI (Min)

8 | 8,000 Shares

₹10,80,000

Big HNI (Above ₹10L)

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IPO Documents & GMP

Prospectus & Grey Market Premium

On 6th September 2025 the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

DRHP Document Draft Red Herring Prospectus

RHP Document Red Herring Prospectus

IPO GMP

Live

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares.

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Financial Performance (₹ in Cr)

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Income	308.72	263	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
Assets	85.43	43.35	15.06	21.3
Total Debt	16.54	8.57	7.65	6.33

Key Performance Indicator

Particulars	31 Dec 2025	FY25	FY24	FY23
EBITDA Margin (%)	8.65	5.76	5	2.89
PAT Margin (%)	6.01	3.95	3	1.35
EPS (₹)	12.66	7.11	3	0.62
ROE (%)	43.45	43.12	79	87.5
ROCE (%)	50.18	47.92	60	34.91
ROA (%)	21.71	24.01	26	4.27
Debt to Equity (x)	0.39	0.36	2	6.09

IPO Financial Snapshot

Objectives & Key Metrics

IPO Objectives

Funding capital expenditure requirements towards Construction of Jewellery Studio ₹6.40 Cr.

Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions ₹6.50 Cr.

Funding long-term Working Capital Requirement ₹30.00 Cr.

Total Fund Requirement ₹42.90 Cr.

IPO Key Metrics

Pre IPO EPS

7.11

Earnings Per Share

Post IPO EPS

13.26

Earnings Per Share

Pre IPO P/E

Price to Earnings

Post IPO P/E

10.18

Price to Earnings

Market Capitalization ₹251.83 Cr.

Listing Day Trading
BSE SME

Final Issue Price ₹135

Open ₹102.95

Low ₹102.40

High ₹108.05

Last Trade

₹103

▼ – 23.7%

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SMR Jewels Limited Company Details

Company Profile · Overview

SMR Jewels Limited started its business in 2018. The company operates in the Jewellery sector. It manufactures Designer Heritage Jewellery for the domestic market. Its main office is in Ahmedabad. It serves several B2B customers every year. The firm employs 23 workers in various departments. Its leadership team has many years of industry experience. The company holds several quality certificates for its operations –.

Main Offerings

Designer Heritage Jewellery

Nature-Inspired Jewellery

Traditional Jewellery collections

Contemporary wedding designs

Key Strengths

In-house design team

Strong premium client network

Asset-light operational model

High profit growth rate

Company Address: 3 Vrindavan Appartments, Gulbai Tekra, Ahmedabad, Gujarat, 380006. +91 079 4941033 | info@smrjewels.in

Intermediaries

Registrar

Purva Sharegistry (India) Pvt.Ltd.

+91-022-23018261 / 23016761

newissue@purvashare.com

Lead Manager

Wealth Mine Networks Pvt.Ltd.

Market Maker

Rikhav Securities Ltd.

RESERVATION 2,49,000 shares (agg. up to ₹3 Cr)

Promoters

Promoter Group

Mr. Vismay Manojkumar Soni Mr. Jainil Virendra Soni Mrs. Parul Manoj Soni

Frequently Asked Questions

5 FAQs

What is the SMR Jewels IPO?

The company specializes in designing and distributing premium traditional and heritage jewelry items. They do not own manufacturing units. Instead, they outsource production to independent skilled artisans. This helps them run an asset-light operation.

SMR Jewels IPO is launching its SME IPO on the BSE SME exchange. The IPO size is ₹ 67.23 Cr., with a fresh issue size of ₹ 54 Cr. and an Offer for sale of ₹ 13.23 Cr.

When is the SMR Jewels IPO allotment and listing?

SMR Jewels IPO has the listing date of June 8, 2026, and the refunds would be issued on June 5, 2026. Moreover, the listing would be tentatively on June 8, 2026.

What are the key financial trends shown by the company?

The company has recorded substantial growth over the past few years. Their total income increased to over 308 crore rupees. Net profits also jumped significantly. Their return on net worth stands strong at 55 percent.

What are the primary risks associated with SMR Jewels IPO?

The business relies entirely on third-party workers for manufacturing. Any labor disruption can harm their product delivery schedules. They are also vulnerable to high volatility in gold prices. General inventory management risks remain a concern too.

How will the company utilize the money raised from the IPO?

The firm wants to spend 30 crore rupees on working capital requirements. They will use 6.4 crore rupees to build a new jewelry studio in Ahmedabad. The rest will go toward debt repayment.

Sanjay Bambhaniya

Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.

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SMR Jewels SME IPO Details 2026

SMR Jewels

IPO Highlights

IPO Details

IPO Dates

IPO Issue Structure

IPO Reservation

IPO Lot Size

IPO Documents & GMP

IPO GMP

Financial Performance (₹ in Cr)

Key Performance Indicator

IPO Financial Snapshot

IPO Objectives

IPO Key Metrics

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SMR Jewels Limited Company Details

Main Offerings

Key Strengths

Frequently Asked Questions

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