SMR Jewels
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 26 to Jun 03 2026
Price Band
₹125 - 128
Current GMP
₹102.95 (-19.57%)
Subscription
1.09 times
IPO Details
| IPO Date | 26 May to 3 Jun, 2026 |
| Listing Date | Mon, Jun 8, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹125 to ₹128 |
| Issue Price | ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 49,80,000 shares (agg. up to ₹ 64 Cr) |
| Reserved for Market Maker | 2,49,000 shares (agg. up to ₹ 3 Cr) Rikhav Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 37,51,000 shares (agg. up to ₹ 48 Cr) |
| Offer for Sale | 9,80,000 shares of ₹ 10 (agg. up to ₹ 13 Cr) |
| Net Offered to Public | 47,31,000 shares (agg. up to ₹ 61 Cr) |
| Share Holding Pre Issue | 1,46,53,743 shares |
| Share Holding Post Issue | 1,86,53,743 shares |
| BSE Script Code / | 544774 / |
| ISIN | INE11XK01017 |
IPO Date
26 May to 3 Jun, 2026
Listing Date
Mon, Jun 8, 2026
Face Value
₹ 10 per share
Price Band
₹125 to ₹128
Issue Price
₹128 per share
Lot Size
1,000 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
49,80,000 shares (agg. up to ₹ 64 Cr)
Reserved for Market Maker
2,49,000 shares (agg. up to ₹ 3 Cr) Rikhav Securities Ltd.
Fresh Issue (Ex Market Maker)
37,51,000 shares (agg. up to ₹ 48 Cr)
Offer for Sale
9,80,000 shares of ₹ 10 (agg. up to ₹ 13 Cr)
Net Offered to Public
47,31,000 shares (agg. up to ₹ 61 Cr)
Share Holding Pre Issue
1,46,53,743 shares
Share Holding Post Issue
1,86,53,743 shares
BSE Script Code /
544774 /
ISIN
INE11XK01017
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 5.41 |
| NII*** | 1.00 |
| bNII (> ₹10L) | 1.40 |
| sNII (< ₹10L) | 0.21 |
| Individual Investors | 0.30 |
| Total ** | 1.09 |
Market Maker
1
QIB (Ex Anchor)
5.41
NII***
1.00
bNII (> ₹10L)
1.40
sNII (< ₹10L)
0.21
Individual Investors
0.30
Total **
1.09
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| May 2 6 (Day 1) | 2.35 | 0.00 | 0.00 | 0.00 | 0.02 | 0.25 |
| May 2 7 (Day 2) | 2.35 | 0.00 | 0.00 | 0.02 | 0.06 | 0.26 |
| May 2 9 (Day 3) | 2.35 | 0.06 | 0.04 | 0.09 | 0.26 | 0.39 |
| Jun 1 (Day 4) | 2.35 | 0.05 | 0.04 | 0.07 | 0.15 | 0.33 |
| Jun 2 (Day 5) | 2.35 | 0.06 | 0.04 | 0.09 | 0.18 | 0.35 |
| Jun 3 (Day 6) | 5.41 | 1.00 | 1.40 | 0.21 | 0.30 | 1.09 |
DayMay 2
6 (Day 1)
QIB (Ex Anchor)2.35
NII*0.00
NII (> ₹10L)0.00
NII (< ₹10L)0.00
Individual Investors0.02
Total0.25
DayMay 2
7 (Day 2)
QIB (Ex Anchor)2.35
NII*0.00
NII (> ₹10L)0.00
NII (< ₹10L)0.02
Individual Investors0.06
Total0.26
DayMay 2
9 (Day 3)
QIB (Ex Anchor)2.35
NII*0.06
NII (> ₹10L)0.04
NII (< ₹10L)0.09
Individual Investors0.26
Total0.39
DayJun 1
(Day 4)
QIB (Ex Anchor)2.35
NII*0.05
NII (> ₹10L)0.04
NII (< ₹10L)0.07
Individual Investors0.15
Total0.33
DayJun 2
(Day 5)
QIB (Ex Anchor)2.35
NII*0.06
NII (> ₹10L)0.04
NII (< ₹10L)0.09
Individual Investors0.18
Total0.35
DayJun 3
(Day 6)
QIB (Ex Anchor)5.41
NII*1.00
NII (> ₹10L)1.40
NII (< ₹10L)0.21
Individual Investors0.30
Total1.09
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-06-2026 | 128.00 | 0(0.00%) | 128 |
| 07-06-2026 | 128.00 | 0(0.00%) | 128 |
| 06-06-2026 | 128.00 | 0(0.00%) | 128 |
| 05-06-2026 | 128.00 | 0(0.00%) | 128 |
| 04-06-2026 | 128.00 | 0(0.00%) | 128 |
| 03-06-2026 | 128.00 | 0(0.00%) | 128 |
| 02-06-2026 | 128.00 | 0(0.00%) | 128 |
| 01-06-2026 | 128.00 | 0(0.00%) | 128 |
| 31-05-2026 | 128.00 | 0(0.00%) | 128 |
| 30-05-2026 | 128.00 | 0(0.00%) | 128 |
| 29-05-2026 | 135.00 | 0(0.00%) | 135 |
| 28-05-2026 | 135.00 | 0(0.00%) | 135 |
| 27-05-2026 | 135.00 | 0(0.00%) | 135 |
| 26-05-2026 | 135.00 | 0(0.00%) | 135 |
| 25-05-2026 | 135.00 | 0(0.00%) | 135 |
| 24-05-2026 | 135.00 | 0(0.00%) | 135 |
| 23-05-2026 | 135.00 | 0(0.00%) | 135 |
| 22-05-2026 | 135.00 | 0(0.00%) | 135 |
| 21-05-2026 | 135.00 | 0(0.00%) | 135 |
| 20-05-2026 | 135.00 | 0(0.00%) | 135 |
Date08-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date07-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date06-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date05-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date04-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date03-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date02-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date01-06-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date31-05-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date30-05-2026
Price128.00
GMP0(0.00%)
Estimate List Price128
Date29-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date28-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date27-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date26-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date25-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date24-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date23-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date22-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date21-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
Date20-05-2026
Price135.00
GMP0(0.00%)
Estimate List Price135
IPO Important Dates
| IPO Open | Tue, May 26, 2026 |
| IPO Close | Wed, Jun 3, 2026 |
| Allotment | Thu, Jun 4, 2026 |
| Refund | Fri, Jun 5, 2026 |
| Credit of Shares | Fri, Jun 5, 2026 |
| Listing | Mon, Jun 8, 2026 |
IPO Open
Tue, May 26, 2026
IPO Close
Wed, Jun 3, 2026
Allotment
Thu, Jun 4, 2026
Refund
Fri, Jun 5, 2026
Credit of Shares
Fri, Jun 5, 2026
Listing
Mon, Jun 8, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,56,000 |
| Individual investors (IND) (Max) | 2 | 2,000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,24,000 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2,000
Amount₹2,56,000
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2,000
Amount₹2,56,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹3,84,000
ApplicationS-HNI (Max)
Lots7
Shares7,000
Amount₹8,96,000
ApplicationB-HNI (Min)
Lots8
Shares8,000
Amount₹10,24,000
Financial Information
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.43 | 43.35 | 15.06 | 21.30 |
| 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 and Surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total Borrowing | 16.54 | 8.57 | 7.65 | 6.33 |
Period EndedAssets
31 Dec 202585.43
31 Mar 202543.35
31 Mar 202415.06
31 Mar 202321.30
Period EndedTotal Income
31 Dec 2025308.72
31 Mar 2025263.25
31 Mar 2024124.52
31 Mar 202367.53
Period EndedProfit After Tax
31 Dec 202518.56
31 Mar 202510.41
31 Mar 20243.85
31 Mar 20230.91
Period EndedEBITDA
31 Dec 202526.71
31 Mar 202515.17
31 Mar 20246.14
31 Mar 20231.96
Period EndedNET Worth
31 Dec 202542.69
31 Mar 202524.14
31 Mar 20244.88
31 Mar 20231.04
Period EndedReserves and Surplus
31 Dec 202528.04
31 Mar 202519.25
31 Mar 20244.87
31 Mar 20231.03
Period EndedTotal Borrowing
31 Dec 202516.54
31 Mar 20258.57
31 Mar 20247.65
31 Mar 20236.33
Key Performance Indicator
| ROE | 55.52% |
| ROCE | 50.18% |
| RoNW | 43.54% |
| PAT Margin | 6.01% |
| EBITDA Margin | 8.65% |
| Price to Book Value | 4.63 |
ROE
55.52%
ROCE
50.18%
RoNW
43.54%
PAT Margin
6.01%
EBITDA Margin
8.65%
Price to Book Value
4.63
IPO Reservation
| QIB Shares Offered | 4,73,000 |
| NII (HNI) Shares Offered | 18,92,000 |
| − bNII > ₹10L | 12,62,000 |
| − sNII < ₹10L | 6,30,000 |
| Retail Shares Offered | 23,66,000 |
| Market Maker Shares Offered | 2,49,000 |
| Total Shares Offered | 49,80,000 |
QIB Shares Offered
4,73,000
NII (HNI) Shares Offered
18,92,000
− bNII > ₹10L
12,62,000
− sNII < ₹10L
6,30,000
Retail Shares Offered
23,66,000
Market Maker Shares Offered
2,49,000
Total Shares Offered
49,80,000
Information about company
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.
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding capital expenditure requirements towards Construction of Jewellery Studio
2: Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions
3: Funding long-term Working Capital Requirement
4: Funding expenditure for General Corporate Purposes.
: Total
Disclaimer
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