SMR Jewels IPO
Price band
₹128 – ₹135
Lot size
1000 shares
Min investment
₹1,35,000
Issue size
₹67.23 Cr
IPO schedule
| Open date | 26 May 2026 |
| Close date | 29 May 2026 |
| UPI mandate cut-off | 29 May 2026 |
| Allotment finalisation | 1 Jun 2026 |
| Refund initiation | 2 Jun 2026 |
| Shares credited to demat | 2 Jun 2026 |
| Listing date | 3 Jun 2026 |
| Mandate end date | 13 Jun 2026 |
| Anchor lock-in (50%) | 30 Jun 2026 |
| Anchor lock-in (remaining) | 29 Aug 2026 |
Issue size
Subscription status
Reserved and applied figures are in crore shares.
About SMR Jewels
SMR Jewels Limited is a jewellery company that specialises in Designer Heritage Jewellery inspired by India’s cultural traditions and artistic craftsmanship. The company designs and sells a wide range of jewellery collections, including theme-based jewellery inspired by mythology and spirituality, nature-inspired jewellery, bridal and festive jewellery, and traditional styles such as Jadtar, Meenakari and Polki jewellery. It combines traditional designs with modern styling to cater to changing customer preferences. The company primarily operates through a B2B business model, supplying jewellery to retailers, jewellery chains, boutique stores and other brands across India. Its revenue is mainly generated from the sale of jewellery products to these customers. SMR Jewels follows a design-led approach supported by an in-house design team and a network of skilled artisans and job workers across India. The company also participates in jewellery exhibitions to expand its customer base and market presence.
Strengths
- SMR Jewels specialises in designer heritage jewellery inspired by Indian culture and traditions.
- The company has strong relationships with jewellery retailers, brands, and boutique stores across India.
- Its in-house design team and skilled artisan network support unique and customised jewellery designs.
- The company follows a dual-phase outsourcing model that helps maintain design quality and confidentiality.
- Participation in jewellery exhibitions has helped the company expand visibility and generate large customer orders
Risks
- The company does not own its registered office and may face disruption if it has to relocate.
- SMR Jewels depends on third-party artisans and job workers for manufacturing its jewellery products.
- The company does not register its jewellery designs, increasing the risk of design copying by competitors.
- Delays, modifications, or cancellations of customer orders may impact revenue and cash flows.
- A large share of revenue comes from a limited number of key customers, creating customer concentration risk.
Use of proceeds
| Repayment of borrowings | ₹6.5 (12.04%) Cr |
| Working capital | ₹30 (55.56%) Cr |
| General corporate purposes | ₹11.1 (20.56%) Cr |
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.