SMR Jewels was incorporated on October 26, 2018. The company specializes in designer heritage jewellery that combines traditional Indian craftsmanship and cultural motifs with modern aesthetics. Its theme-based collections, inspired by mythology and spirituality, offer jewellery with strong artistic, emotional, and cultural significance
| Bidding Dates |
|---|
| 26 May 2026 - 03 Jun 2026 |
| Subscription |
|---|
| 1.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,50,000 | 2 | 2 | 1000 | 5.0 M | ₹125 - ₹128 | 65.74 % | ₹622.5 M - ₹637.4 M | RHP DOC |
SMR Jewels IPO SUBSCRIPTION STATUS
03 Jun '26SMR Jewels IPO overall subscription rate was 1.09 times the total available shares
SMR Jewels IPO retail subscription rate was 0.4 times in the retail segment
SMR Jewels IPO non-institutional investor subscription rate was 2.88 times in the non-institutional investor category
SMR Jewels IPO Qualified Institutional Bidder subscription rate was 1.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Jun 2026 (Day 6) | 0.4x | 2.88x | 1.03x |
02 Jun 2026 (Day 5) | 0.24x | 0.48x | 0.45x |
01 Jun 2026 (Day 4) | 0.21x | 0.46x | 0.45x |
29 May 2026 (Day 3) | 0.36x | 0.48x | 0.45x |
27 May 2026 (Day 2) | 0.08x | 0.35x | 0.45x |
26 May 2026 (Day 1) | 0.03x | 0x | 0.45x |
SMR Jewels FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 308.7 | 18.6 | -16.0 | -16.4 | 8.7% |
| FY25 | 263.3 | 10.4 | 1.3 | 1.2 | 5.8% |
| FY24 | 124.5 | 3.8 | -1.1 | -1.1 | 4.9% |
| FY23 | 67.5 | 0.9 | -1.4 | -1.4 | 2.9% |
SMR Jewels IPO SUBSCRIPTION STATUS DETAILS
SMR Jewels had 5.0 M shares on offer
SMR Jewels IPO offer price was in the range ₹125 - ₹128
SMR Jewels IPO minimum Investment was ₹250000
SMR Jewels IPO issue size was ₹ 622.5 M - ₹ 637.4 M
SMR Jewels had a minimum lot size of 1000 Shares per application
SMR Jewels NUMBER OF SHARES ON OFFER
SMR Jewels IPO IMPORTANT DATES
| Issue Open Date | 26 May 2026 |
| Issue close Date | 03 Jun 2026 |
| Allotment Date | 04 Jun 2026 |
| Refund Date | 05 Jun 2026 |
| Demat Account Credit Date | 05 Jun 2026 |
| Listing Date | 08 Jun 2026 |
| Listing on Exchange(s) | BSE |
| SMR Jewels Allotment Status | Exchange/ Registrar |
SMR Jewels IPO subscription opened on 26 May 2026, and closed on 03 Jun 2026
IPO allotment for SMR Jewels was finalized on Thursday, 04 Jun 2026
IPO listing for SMR Jewels was on BSE on Monday, 08 Jun 2026
SMR Jewels IPO LISTING GAINS
| Issue Price (adjusted) | 128.0 |
| Listing Open Price | 103.0 |
| Listing Close Price | 103.0 |
| Listing Gain% | -19.6% |
| Current Gain% | -32.0% |
SMR Jewels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SMR Jewels Ltd. | 87 | 162.3 | 6.6 | 0 | 0.4 | 50 | 28.9 | 432.4 | 64.2 | 24.7 | 137.7 | 13.3 | 137.7 |
| Titan Company Ltd. | 5056.2 | 448882.5 | 77.9 | 1.4 | 4.9 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 608.2 | 62817.1 | 43.8 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5427 | 16876.7 | 43.2 | 0.2 | 1.8 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 845.2 | 12911.1 | 229.3 | 1.8 | 4.8 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 773.4 | 11977.9 | 43.5 | 0.4 | 1.7 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 116.1 |
SMR Jewels INFORMATION ON IPO ISSUE
About SMR Jewels
SMR Jewels was incorporated on October 26, 2018. The company specializes in designer heritage jewellery that combines traditional Indian craftsmanship and cultural motifs with modern aesthetics. Its theme-based collections, inspired by mythology and spirituality, offer jewellery with strong artistic, emotional, and cultural significance
Object of the Issue
- Funding capital expenditure requirements towards construction of jewellery studio
- Funding towards repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions
- Funding long term working capital requirement
- General corporate purposes
SMR Jewels - PROMOTERS
| Name |
|---|
| Vismay Manojkumar Soni |
| Jainil Virendra Soni |
| Parul Manoj Soni |
| Dipikaben Virendra Soni |
| Drashti Pal Modi |
SMR Jewels - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vismay Manojkumar Soni | Managing Director |
| Jainil Virendra Soni | Whole Time Director |
| Parul Manoj Soni | Non-Executive Director |
| Dipikaben Virendra Soni | Non-Executive Director |
| Ruta Rohankumar Soni | Non- Executive Director |
| Nishita Mayank Sanghvi | Non- Executive Director |
SMR Jewels Book Running Lead Manager
Wealth Mine Networks Limited
info@wealthminenetworks.com
SMR Jewels Registrar to the issue
Purva Shareregistry (India) Private Limited
newissue@purvashare.com
SMR Jewels Strengths
Designer heritage jewellery & diversified portfolio
The company differentiates itself through its Designer Heritage Jewellery, combining Indian cultural and mythological themes with modern aesthetics to create jewellery with artistic and emotional value. Its diversified portfolio spans heritage, bridal, festive, daily wear, and nature-inspired collections, catering to a wide range of customer preferences and occasions
Innovation focus
The company’s in-house design team focuses on innovative jewellery development by combining cultural inspiration with modern fashion trends and customization capabilities. Its growing digital presence and ability to blend traditional artistry with contemporary styling have helped attract diverse customer segments and strengthen market growth
Dual-phase manufacturing model
The company has developed long-standing relationships with skilled artisans across India, supported by an outsourcing model that ensures precision, detailed craftsmanship, and protection of original designs. Exclusive long-term agreements with artisans help maintain quality, timely execution, scalability, and consistency in its jewellery collections
SMR Jewels Risks
Depend on karigars
The company relies significantly on independent artisans and job workers for jewellery manufacturing, making its operations dependent on their continued availability and performance. Any disruption in relationships with these artisans or difficulty in replacing them could lead to production delays, higher costs, and operational challenges
Order delay risks
The company may face delays, modifications, or cancellations of customer orders due to supply chain issues, changing customer requirements, or other unforeseen factors. Such disruptions or delays in customer payments could adversely affect its revenues, cash flows, and financial performance
Inventory safeguard risks
The company’s business involves storing high-value jewellery and precious materials, exposing it to risks such as theft, fire, natural calamities, and other unforeseen events. Any failure in security or preservation systems, or increases in related insurance and storage costs, could lead to significant financial losses and impact profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 12.5 crore, of 980,000 shares. It also consists of a fresh issue of Rs 51.2 crore.
The promoters of the company are Vismay Manojkumar Soni, Jainil Virendra Soni, Parul Manoj Soni, Dipikaben Virendra Soni and Drashti Pal Modi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 125.0 - 128.0.
The IPO application opens on May 26, 2026 and closes on Jun 03, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 250,000.0, the maximum value for this IPO is Rs 256,000.0.
This IPO will be allotted on Jun 04, 2026.
The refund will be credited to your account on Jun 05, 2026.
The allotted shares will be credited to your demat on Jun 05, 2026.
SMR Jewels Ltd.’s shares listed on the stock exchanges on Jun 08, 2026.