IPO details · Updated
SMR Jewels Limited
- Price Band
- ₹125 – ₹128
- Lot Size
- 1,000 shares
- Min. Investment
- ₹1,28,000
- Issue Size
- ₹63.74 Cr
- Offer Dates
- 26 May – 3 Jun 2026
- Listing
- 8 Jun 2026
Issue Details
- Total Issue Size
- ₹63.74 Cr
- 49,80,000 shares
- Fresh Issue
- ₹51.2 Cr
- 40,00,000 shares
- Offer for Sale
- ₹12.54 Cr
- 9,80,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,46,53,743
- Shares Post-Issue
- 1,86,53,743
IPO Timeline
Offer opens
26 May 2026
Offer closes
3 Jun 2026
Allotment
4 Jun 2026
Listing
8 Jun 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB9.5%4,73,000 shares
- HNI38.0%18,92,000 shares
- Retail47.5%23,66,000 shares
- MarketMaker5.0%2,49,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| All categories | 47,31,000 | 51,63,000 | 1.09x |
| Total | 47,31,000 | 51,63,000 | 1.09x |
Lot Size & Investment
1 lot = 1,000 shares
Retail (min)
2 lots · 2,000 shares
Retail (max)
2 lots · 2,000 shares
S-HNI (min)
3 lots · 3,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,56,000 |
| Small HNI (S-HNI) | 3 | 3,000 | ₹3,84,000 |
| Big HNI (B-HNI) | 8 | 8,000 | ₹10,24,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 85.43 | 43.35 | 15.06 | 21.3 |
| 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 & Surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total Borrowing | 16.54 | 8.57 | 7.65 | 6.33 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 |
|---|---|---|
| ROE (%) | 55.52 | 71.76 |
| ROCE (%) | 50.18 | 47.92 |
| EPS (₹) | — | 7.11 |
| P/E (pre-issue) | — | 18.01 |
| P/E (post-issue) | — | 9.65 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Pushpa Jewellers Ltd. | 28.42 | 14.88% |
| Khazanchi Jewellers Ltd. | 25.96 | 15.47% |
| Sky Gold & Diamonds Ltd. | 30.97 | 10.66% |
About SMR Jewels Limited
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.
Objects of the Issue
- 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)
- Funding expenditure for General Corporate Purposes. (₹5.02 Cr)
- Offer expenses (₹4.08 Cr)
Promoters
- Vismay Manojkumar Soni
- Jainil Virendra Soni
- Parul Manoj Soni
- Dipikaben Virendra Soni
- Drashti Pal Modi
Company Information
- Book running lead managers
- Wealth Mine Networks Ltd.
- Registered office
- 3, Vrindavan Appartments, Gulbai Tekra, Ahmedabad, Gujarat, 380006
- Market maker
- Rikhav Securities Ltd.
Official Documents
Opens the source filing in a new tab
Similar IPOs
Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.