SME
IPO ·
BSE SME
SMR Jewels Ltd
Listed
Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery.
Issue details
Price band
₹125 – ₹128
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,56,000
Issue size
₹63.74 Cr
Fresh issue
₹48.01 Cr
Offer for sale
₹12.54 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
26 May 2026
Closes
3 Jun 2026
UPI mandate cut-off
5:00 PM on 3 Jun 2026
Allotment
4 Jun 2026
Refunds
5 Jun 2026
Shares in demat
5 Jun 2026
Listing
8 Jun 2026
Subscription and listing
Subscription
1.12x
Listing price
₹102.95
Registrar
Purva Sharegistry (India) Pvt Ltd
Lead manager
Wealth Mine Networks
Subscription by category
Total
1.12x
Total applications
468
Listing day
Issue price
₹128
Open
₹102.95
High
₹108.05
Low
₹102.40
Day close
₹103.05
Listing gain at open
-19.57%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
4,73,000
9.50%
NII Shares Offered
18,92,000
37.99%
bNII > ₹10L
12,62,000
25.34%
sNII < ₹10L
6,30,000
12.65%
Retail Shares Offered
23,66,000
47.51%
Market Maker Shares Offered
2,49,000
5.00%
Total Shares Offered
49,80,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 111%, PAT up 170%, ROE 55.52%, post-issue P/E 9.65x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the 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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
55.52%
ROCE
50.18%
Debt / equity
—
PAT margin
6.01%
P/E post issue
9.65
Market cap
₹238.77 Cr
Use of IPO money
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
Strengths
✓
Revenue up 111% in FY25 to ₹263.25 Cr
✓
PAT up 170% in FY25 to ₹10.41 Cr
✓
ROE of 55.52% and ROCE of 50.18%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 6.01%
Planning to take your own company public?
Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.
Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.
Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.