1. IPO
SMR Jewels IPO

0.51x

subscribed

SMR Jewels IPO

Diamond & Jewellery
open
₹2.56LMin. investment
  1. Pre-apply
    25 May
  2. Bid start
    26 May
  3. Bid end
    29 May
  4. Allotment
    1 Jun
  5. Release of funds
    2 Jun
  6. Demat transfer
    2 Jun
  7. Listing
    3 Jun

SMR Jewels Limited IPO Details

SectorDiamond & Jewellery
Price range₹128 – ₹135
IPO type
SME
Lot size1000 shares
Issue size₹67Cr
Red Herring Prospectus
Read
Market Cap
₹251.83CrLower than sector avg
RevenueApr 208 - Mar 209M
₹263.25CrLower than sector avg
Growth rate3Y CAGR
97.44%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

Companies in this sector
Titan Company LtdTitan Company Ltd
Kalyan Jewellers India LtdKalyan Jewellers India Ltd
Thangamayil Jewellery LtdThangamayil Jewellery Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹263.25Cr
This sector
₹7,172.77Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
97.44%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹10.41Cr
This sector
₹66.45Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹251.83Cr
This sector
₹7,398.94Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
18.99
This sector
45.82
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.35
This sector
0.57
Compare with companies

Objectives

Working capital
55.50%
General corporate purposes
20.50%
Repayment of debt
12.00%
Capital Expenditure
11.80%

About SMR Jewels Limited

Incorporated in October 2018, SMR Jewels is engaged in the design and distribution of designer heritage jewellery which uses modern styles and combines traditional Indian arts and cultural crafts with those styles. The collections of jewellery are themed and tell a story, giving each product its own identity with cultural, emotional, and artistic aspects.
Theme-based designer heritage jewellery such as those based on mythology/spirituality and Indian culture and art, are also produced by the company. SMR Jewels portfolio consists of traditional style jadtar jewellery (crafted using uncut natural diamonds), meenakari jewellery (known for their colourful enamel), and polki jewellery (decorated with uncut natural diamonds and made using traditional settings) for ceremonies such as weddings and festivals. The company does not own a manufacturing facility. Instead, it follows a dual-phase outsourcing model by working with skilled artisans and job workers across India. Gold bullion is the company’s primary raw material and is mainly sourced from the bullion market and authorised local dealers.
The company sources precious and semi-precious stones, gemstones, and mani-moti from domestic suppliers operating in local markets. It sells its products through wholesalers, retailers, boutiques, showrooms, and exhibitions across India. The company also maintains an online presence through Instagram, its official website, and direct customer interactions on WhatsApp.
Manufacturing-based revenue contributed 98.9% of total product sales in 9MFY26 compared to 65.7% in FY24. The company’s largest customer contributed 14.06% of total revenue in 9MFY26, while the top 10 customers together accounted for 60.46% of total revenue. Gujarat remains the company’s largest market, contributing 73.31% of total sales during 9MFY26 and 74.37% in FY25. Maharashtra was the second-largest contributor with 8.90% of revenue in 9MFY26.

SMR Jewels IPO Subscription Status

Date
QIB
NII
Retail
Total
26-May-26
1.13 times (X)
0.01 times (X)
0.03 times (X)
0.39 times (X)
27-May-26
1.13X
1.04X
0.08X
0.51X

Frequently asked questions

How to invest in the SMR Jewels IPO ?

Investors can apply for the SMR Jewels IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of SMR Jewels IPO ?

The issue size of the SMR Jewels IPO is 67 Cr.

What is 'pre-apply' for SMR Jewels IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will SMR Jewels IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Bidding closes on 29 May 2026, 5:00 PM