SMR Jewels IPO Subscribed 1.09 Times on Day 6

SMR Jewels Limited's initial public offering (IPO) closed its extended subscription window at 1.09 times overall subscription by 4:59 PM on Day 6 (June 3, 2026). The ₹67.23 crore book-build issue, priced at ₹128 to ₹135 per share, received bids for 51,61,000 shares against 47,31,000 shares on offer, with total applications reaching 409.

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Subscription Status of SMR Jewels IPO

Here are the subscription details for SMR Jewels IPO Day 3, as of 5:14 PM:

Key Highlights – Day 6

• Overall subscription crossed full subscription at 1.09 times on the final day, surging from Day 5's 0.35 times, driven by a sharp last-day surge in institutional and NII demand.
• Qualified institutional buyers (ex-anchor) surged to 5.41 times from Day 5's 2.35 times, indicating heavy institutional interest concentrated on the closing day.
• Non-institutional investors crossed full subscription at 1.00 times, surging from Day 5's 0.06 times, with bNII at 1.40 times against sNII's subdued 0.21 times.
• Individual investors improved to 0.30 times from Day 5's 0.18 times, though participation remained below full subscription.

Key Highlights – Day 5

• Overall subscription reached 0.35 times, improving marginally from Day 4's 0.33 times.
• Qualified institutional buyers (ex-anchor) held steady at 2.35 times, unchanged from Day 1.
• Non-institutional investors recorded negligible participation at 0.06 times, with bNII at 0.04 times and sNII at 0.09 times.
• Individual investors improved marginally to 0.18 times from Day 4's 0.15 times.

Key Highlights – Day 4

• Overall subscription reached 0.33 times, declining marginally from Day 3's 0.39 times.
• Qualified institutional buyers (ex-anchor) held steady at 2.35 times, unchanged from Day 1.
• Non-institutional investors recorded negligible participation at 0.05 times, with bNII at 0.04 times and sNII at 0.07 times.
• Individual investors declined to 0.15 times from Day 3's 0.26 times.

Key Highlights – Day 3

• Overall subscription reached 0.39 times, improving marginally from Day 2's 0.26 times, with the issue closing well below full subscription.
• Qualified institutional buyers (ex-anchor) maintained full subscription at 2.35 times throughout all three days, unchanged from Day 1.
• Individual investors improved to 0.26 times from Day 2's 0.06 times, though participation remained well below full subscription.
• Non-institutional investors remained negligible at 0.06 times, with bNII at 0.04 times and sNII at 0.09 times on Day 3.

Key Highlights – Day 2

• Overall subscription reached 0.26 times, broadly unchanged from Day 1's 0.25 times.
• Qualified institutional buyers (ex-anchor) held steady at 2.35 times, unchanged from Day 1.
• Individual investors improved marginally to 0.06 times from Day 1's 0.02 times.
• Non-institutional investors showed no meaningful participation on Day 2.

Key Highlights - Day 1

• Overall subscription reached 0.25 times on Day 1 (May 26, 2026), reflecting subdued initial investor interest in this designer heritage jewellery SME IPO.
• Qualified institutional buyers (ex-anchor) showed strong opening participation at 2.35 times on Day 1.
• Individual investors showed negligible participation at 0.02 times on Day 1.
• Non-institutional investors showed no meaningful participation on Day 1.

About SMR Jewels Limited

Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of designer heritage jewellery including nature-inspired, traditional, and bridal and festive collections. The company outsources production to skilled artisans while managing conceptualisation and design in-house, operating on a B2B model serving reputed jewellers including Vaibhav Jewellers, JOSCO Jewellers, and Kalamandir Jewellers.