SMR Jewels IPO Details
SMR Jewels IPO Summary
SMR Jewels IPO opens for subscription on 26 May 2026 and closes on 29 May 2026.The IPO will be listed on BSE with the tentative listing date set for 03 Jun 2026.
SMR Jewels IPO price band has been fixed at ₹128 – ₹135 per share. The face value is ₹10 per share with a lot size of 1000.
SMR Jewels IPO total issue size comprises 49,80,000 shares (aggregating up to ₹67.23 Cr). This includes a fresh issue of 40,00,000 shares (aggregating up to ₹54.00 Cr). Offer for Sale consists of 9,80,000 shares (aggregating up to ₹13.23 Cr). Pre-issue shareholding stands at 1,46,53,743, which will increase to 1,86,53,743 post-issue.
SMR Jewels IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
SMR Jewels IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹270,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹270,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹405,000. SHNI Maximum is 7 lots (7,000 shares) amounting to ₹945,000. BHNI Minimum is 8 lots (8,000 shares) amounting to ₹1,080,000.
SMR Jewels IPO Details
SMR Jewels IPO Subscription
SMR Jewels IPO Application Wise Breakup
SMR Jewels IPO Dates
- 26 May 2026Opening dateOpen
- 29 May 2026Closing dateClose
- 01 Jun 2026Allotment Date Allotment
- 02 Jun 2026Initiation of RefundsRefund
- 02 Jun 2026Credit of SharesCredit
- 03 Jun 2026Listing dateListing
SMR Jewels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹270,000 |
| Individual Maximum | 2 | 2000 | ₹270,000 |
| SHNI Minimum | 3 | 3000 | ₹405,000 |
| SHNI Maximum | 7 | 7000 | ₹945,000 |
| BHNI Minimum | 8 | 8000 | ₹1,080,000 |
SMR Jewels IPO Reservation
Promoter Holding
Documents
SMR Jewels IPO Valuations
SMR Jewels Financial Information
| 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 | ||||
About SMR Jewels IPO
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.
Strength Of SMR Jewels IPO
- Experienced Promoter and management team with proven execution capabilities and Skilled work force and Karigars with contemporary designing capabilities.
- Long business experience and established network of suppliers and Clients.
- Profitable track record and strong balance sheet.
- Wide and diverse range of ornament offerings.
- Large and unique design database.
Risk Of SMR Jewels IPO
- We may continue to derive a material portion of our revenue from our top ten customers and our financial dependence on our top ten customers poses a potential risk. A reduction in business from these top ten customers or any other major clients could have negative implications for both our revenue and profitability.
- We are highly dependent on our suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of our raw materials, or an increase in our raw material costs and other input costs, may adversely affect the pricing and supply of our products with subsequently having an adverse effect on the business, results of operations and financial conditions of our company.
- Our revenues are highly dependent on our operations in geographical region of state of Gujarat. Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.
- A significant portion of our manufacturing relies on artisans or Karigars who operate independently, which could introduce us to potential risks stemming from any challenges or changes affecting their operations.
- Regulatory and Financial Risks Due to Delay in Filing Form MGT-14 and Late Refund of Application Money.
- Certain delays, discrepancies and Omissions have been detected in our statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- There are certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with the taxation and other statutory authorities in the past. Any delay in payment of statutory dues by our Company in future, may result in the imposition of penalties, which could adversely impact our financials.
- Any fluctuation in price and supply of raw materials, particularly gold, which is our primary raw material for the manufacture of our products, could adversely impact our income. Our gold and jewellery business faces risks from market volatility and changing consumer preferences. Fluctuations in commodity prices like gold could impact our costs and profitability. Evolving consumer tastes influence product demand, necessitating continuous adaptation to remain competitive.
- Our Company requires significant amounts of working capital for continued growth. Our inability to meet our working capital requirements may have an adverse effect on the results of operations.
- We have experienced negative cash flows from Operating and investing activities in the past.
Objectives SMR Jewels IPO
1. Funding capital expenditure requirements towards Construction of Jewellery Studio;
2. Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions
3. Funding Long Term working capital requirement
4. Funding expenditure for General Corporate Purposes.
Company Contact Details
SMR Jewels Ltd.
3,
Vrindavan Appartments,
Gulbai Tekra
Ahmedabad, Gujarat
Phone: +91079 4941033
Email: info@smrjewels.in
Website: https://smrjewels.in/
Registrar Contact Details
SMR Jewels FAQs
The SMR Jewels IPO is a SME public issue comprising 4980000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹67.23 Cr. The issue price has been fixed at ₹135 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 26 May 2026, and closes on 29 May 2026.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).
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