· SME · BSE
Price Band
₹125–128
Lot Size
1000 shares
Issue Size
₹64 Cr
Min. Investment
₹1,28,000
Indicative, updates through the day
Cap price plus current GMP: ₹128 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
SMR Jewels IPO is an SME issue that listed on BSE on 8 June 2026. The issue price band is fixed at ₹125–₹128 per equity share with a minimum market lot size of 1000 shares, bringing the total issue size to ₹64 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,28,000.
No meaningful grey market premium is actively quoted for SMR Jewels IPO at this stage. For an SME issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 1000 shares (approx. ₹1,28,000 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Purva Sharegistry (India) Pvt. Ltd., with the basis of allotment finalised on 4 June 2026 and listing completed on 8 June 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹128
Listed At
₹102.95
Current Price
₹103.05
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.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 4,73,000 | 10% |
| NII (HNI) | 18,92,000 | 39.99% |
| − bNII > ₹10L | 12,62,000 | 0% |
| − sNII < ₹10L | 6,30,000 | 0% |
| Retail | 23,66,000 | 50.01% |
| Market Maker | 2,49,000 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,56,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,24,000 |
EPS (Pre IPO)
7.11
EPS (Post IPO)
13.26
ROE
43.54%
P/E (Pre IPO)
18.01
P/E (Post IPO)
9.65
Price / Book
4.63
Market Cap
₹188Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Yaashvi Jewellers Ltd. | 5.6 | ₹43.88 Cr | |
| Grover Jewells Ltd. | 12.31 | ₹33.83 Cr | |
| Luxury Time Ltd. | 12.57 | ₹18.74 Cr | |
| Pushpa Jewellers Ltd. | 12.44 | ₹98.65 Cr | |
| AJC Jewel Manufacturers Ltd. | 12.73 | ₹15.39 Cr | |
| PNGS Reva Diamond Jewellery Ltd. | 10.96 | ₹379.52 Cr |
SMR Jewels Ltd. Address
Purva Sharegistry (India) Pvt. Ltd.