SMR Jewels IPO Subscribed 0.39 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 29th May 2026 - 05:38 pm
SMR Jewels Limited's initial public offering (IPO) closed its three-day subscription window at 0.39 times overall subscription by 4:49 PM on Day 3 (May 29, 2026). The ₹67.23 crore book-build issue, priced at ₹128 to ₹135 per share, received bids for 18,40,000 shares against 47,31,000 shares on offer, with total applications reaching 340.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of SMR Jewels IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (May 26) | 2.35 | 0.00 | 0.02 | 0.25 |
| Day 2 (May 27) | 2.35 | 0.00 | 0.06 | 0.26 |
| Day 3 (May 29) | 2.35 | 0.06 | 0.26 | 0.39 |
Here are the subscription details for SMR Jewels Day 3, as of 5:14 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,49,000 | 2,49,000 | 3.36 |
| QIB | 2.35 | 4,73,000 | 11,12,000 | 15.01 |
| NII | 0.06 | 18,92,000 | 1,06,000 | 1.43 |
| Individual Investors | 0.26 | 23,66,000 | 6,22,000 | 8.40 |
| Total | 0.39 | 47,31,000 | 18,40,000 | 24.84 |
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.
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