SMR Jewels IPO
SMR Jewels IPO Details
-
Open Date
26 May 2026
-
Close Date
29 May 2026
- IPO Price Range
₹ 128 to ₹135
- IPO Size
₹ 67.23 Cr
SMR Jewels IPO Timeline
SMR Jewels IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-May-2026 | 2.35 | 0.00 | 0.02 | 0.25 |
| 27-May-2026 | 2.35 | 0.00 | 0.06 | 0.26 |
Last Updated: 27 May 2026 5:26 PM by 5paisa
SMR Jewels Limited specialises in the design and distribution of designer heritage jewellery, offering collections inspired by nature and traditional craftsmanship. Its portfolio includes floral and seasonal motifs alongside Jadtar, Meenakari, Polki, bridal and festive jewellery. While production is outsourced to skilled artisans and craftsmen, all conceptualisation and design activities are managed in-house. The company serves several reputed jewellers, including HSJ, Rokde Jewellers, JOSCO Jewellers, Vaibhav Jewellers and D. P. Abhushan Limited.
Established in: 2018
Managing Director: Mr. Vismay Manojkumar Soni.
Peers:
Pushpa Jewellers Limited
Khazanchi Jewellers Limited
Sky Gold & Diamonds Limited
SMR Jewels Objectives
1. The company will construct a jewellery studio – ₹6.40 crore
2. Borrowings will be repaid and prepaid partially – ₹6.50 crore
3. Long-term working capital needs will be funded – ₹30.00 crore
4. Funds will support general corporate requirements
SMR Jewels IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹67.23 Cr |
| Offer For Sale | ₹13.23 Cr |
| Fresh Issue | ₹54.00 Cr |
SMR Jewels IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 2,56,000 |
| Retail (Max) | 2 | 2,000 | 2,70,000 |
| S - HNI (Min) | 3 | 3,000 | 3,84,000 |
| S - HNI (Max) | 7 | 7,000 | 9,45,000 |
| B - HNI (Min) | 8 | 8,000 | 10,24,000 |
SMR Jewels IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2.35 | 4,73,000 | 11,12,000 | 15.012 |
| Non-Institutional Buyers | 0.00 | 18,92,000 | 0 | 0 |
| BNII | 0.00 | 12,62,000 | 0 | 0 |
| SNII | 0.02 | 6,30,000 | 12,000 | 0.162 |
| Individual Investors (IND category bidding for 2 Lots) | 0.06 | 23,66,000 | 1,36,000 | 1.836 |
| Total** | 0.26 | 47,31,000 | 12,48,000 | 16.848 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 67.53 | 124.52 | 263.25 |
| EBITDA | 1.96 | 6.14 | 15.17 |
| PAT | 0.91 | 3.85 | 10.41 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 21.30 | 15.06 | 43.35 |
| Share Capital | 0.01 | 0.01 | 4.88 |
| Total Liabilities | 21.30 | 15.06 | 43.35 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -1.37 | -1.06 | 1.25 |
| Net Cash Generated From / (used in) Investing Activities | -0.02 | -0.08 | -0.06 |
| Net Cash Generated From / (used in) Financing Activities | 1.42 | 0.70 | 8.95 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.03 | -0.44 | 10.14 |
Strengths
1. Strong heritage jewellery design and conceptualisation capabilities
2. Diverse portfolio across traditional and modern jewellery
3. Relationships with reputed jewellers strengthen market credibility
4. Asset-light outsourcing model reduces manufacturing overheads
Weaknesses
1. Absence of manufacturing facility limits operational control
2. Heavy dependence on outsourced artisans and craftsmen
3. Limited direct retail presence reduces brand visibility
4. Jewellery demand remains vulnerable to economic slowdowns
Opportunities
1. Rising bridal jewellery demand supports future business growth
2. Expanding organised jewellery market offers wider opportunities
3. Nature-inspired collections attract younger contemporary consumers
4. Growing festive demand can improve revenue generation
Threats
1. Intense competition from established jewellery brands nationwide
2. Gold price volatility may affect customer purchasing decisions
3. Skilled artisan shortages could disrupt production timelines
4. Changing consumer trends may impact traditional jewellery demand
1. Strong heritage jewellery portfolio with diverse design offerings
2. Asset-light model supports operational flexibility and scalability
3. Reputed jeweller clientele enhances business credibility significantly
4. Rising organised jewellery demand supports future growth potential
SMR Jewels operates in India’s expanding organised jewellery market, supported by rising disposable incomes, increasing bridal demand and growing preference for designer collections. The company’s focus on heritage, traditional and nature-inspired jewellery positions it well across diverse customer segments. Its asset-light outsourcing model enables operational flexibility and cost efficiency, while relationships with established jewellers strengthen market reach. Growing festive purchases and demand for premium handcrafted jewellery could support long-term business expansion and revenue growth.
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FAQs
SMR Jewels IPO opens from May 26, 2026 to May 29, 2026.
The size of SMR Jewels IPO is ₹67.23 Cr.
The price band of SMR Jewels IPO is fixed at ₹128 to ₹135 per share.
To apply for SMR Jewels IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the SMR Jewels. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of SMR Jewels IPO is of 2,000 shares and the investment required is ₹2,56,000.
The share allotment date of SMR Jewels IPO is June 1,2026
The SMR Jewels IPO will likely be listed on June 3, 2026.
Wealth Mine Networks Pvt.Ltd is the book running lead managers for SMR Jewels IPO.
SMR Jewels IPO plans to utilise the raised capital from the IPO for:
1. The company will construct a jewellery studio – ₹6.40 crore
2. Borrowings will be repaid and prepaid partially – ₹6.50 crore
3. Long-term working capital needs will be funded – ₹30.00 crore
4. Funds will support general corporate requirements