SMR Jewels IPO Description –Incorporated in 2018, SMR Jewels is an established jewellery enterprise specialising in the design, outsourcing, and distribution of heritage-rooted and contemporary jewellery. The company’s product portfolio is diverse, covering Designer Heritage Jewellery, Nature-Inspired Jewellery, Traditional Jewellery (Jadtar, Meenakari, Polki), Bridal & Festive Collections, and Daily Wear Jewellery. Its hallmark lies in theme-based creations inspired by mythology, spirituality, nature, and cultural narratives, including designs celebrating Radha-Krishna, Shrinathji, and Buddha. The design process is managed in-house through concept development, CAD modelling, and prototyping, while actual manufacturing is executed via a dual-phase outsourcing model involving skilled artisans across India.
SMR Jewels operates through its registered office and showroom in Ahmedabad, Gujarat, supported by a structured distribution network spanning wholesalers, retailers, boutiques, exhibitions, and digital platforms. It also provides customisation services, recreating traditional and ancestral ornaments with modern styling.
Financially, the company has recorded significant growth. Revenue from operations was INR 263.25 crore in FY 2025, while for Q1 FY 2026, the Company reported INR 100.03 crore.
Promoters of SMR Jewels – Mr. Vismay Manojkumar Soni, Mr. Jainil Virendra Soni, Mrs. Parul Manoj Soni, Mrs. Dipikaben Virendra Soni and Mrs. Drashti Pal Modi
Table of Contents
SMR Jewels IPO Details
| SMR Jewels IPO Dates | 26 – 29 May 2026 |
| SMR Jewels Issue Price | INR 128 – 135 per share |
| Fresh Issue | 40,00,000 shares (INR 51.2 – 54 crore) |
| Offer For Sale | 9,80,000 shares (INR 12.54 – 13.23 crore) |
| Total IPO Size | 49,80,000 shares (INR 63.74 – 67.23 crore) |
| Minimum Bid | 2,000 shares (INR 2,70,000) |
| Lot Size | 1,000 shares (INR 1,35,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
SMR Jewels Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 | |
| Revenue | 67.53 | 124.52 | 263.25 | 308.72 |
| Expenses | 66.31 | 119.26 | 249.17 | 283.76 |
| Net income | 0.91 | 3.85 | 10.41 | 18.56 |
SMR Jewels Offer News
SMR Jewels Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.62 | 2.62 | 7.11 |
| PE ratio | – | – | 18.00 – 18.99 |
| RONW (%) | 87.74 | 78.77 | 43.14 |
| NAV | 1,036.44 | 4,881.51 | 49.42 |
| ROCE (%) | 34.91 | 59.51 | 47.92 |
| EBITDA (%) | 2.90 | 4.93 | 5.76 |
| Debt/Equity | 6.10 | 1.57 | 0.35 |
SMR Jewels IPO GMP Today
SMR Jewels IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
SMR Jewels IPO Allotment Status
SMR Jewels IPO allotment status will be available on the Purva Shareregistry website. Click on this link to get the allotment status.
SMR Jewels IPO Dates & Listing Performance
| IPO Opening Date | 26 May 2026 |
| IPO Closing Date | 29 May 2026 |
| Finalization of Basis of Allotment | 1 June 2026 |
| Initiation of refunds | 2 June 2026 |
| Transfer of shares to demat accounts | 2 June 2026 |
| IPO Listing Date | 3 June 2026 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
SMR Jewels Offer Lead Manager
WEALTH MINE NETWORKS LIMITED
215 B, Manek Centre, P N Marg, Jamnagar-361 001, Gujarat
Phone: +91 77788 67143/ 82007 08527
Email: [email protected]
Website: www.wealthminenetworks.com
SMR Jewels Offer Registrar
PURVA SHAREREGISTRY (INDIA) PRIVATE LIMITED
Unit No. 9 Shiv Shakti Industrial Estate J.R. Boricha.
Marg, Lower Parel (E), Mumbai – 400011
Tel: 91 22 4961 4132
E-mail: [email protected]
Website: www.purvashare.com
SMR JEWELS LIMITED
3,Vrindavan Appartments, Gulbai Tekra, Ahmedabad, Gujarat 380006
Phone: +91(079) 49410333
E-mail: [email protected]
Website: www.smrjewels.in
IPO FAQs
What is the SMR Jewels offer size?
SMR Jewels offer size is INR 63.74 – 67.23 crores.
What is the SMR Jewels offer price band?
SMR Jewels public offer price is INR 128 – 135 per share.
What is the lot size of the SMR Jewels IPO?
SMR Jewels offer lot size is 1,000 shares.
What is the SMR Jewels IPO GMP today?
SMR Jewels IPO GMP today is INR 0 per share.
What is the SMR Jewels IPO Subject to Sauda rate today?
SMR Jewels Subject to Sauda rate today is INR 0 per application.
Mahesh Yadav is a prolific writer with over a decade of professional experience. A person of wide interests, he found his true calling in the field of investing and specifically the stock market. He has an amazing skill of presenting the most complex financial concepts (and there is no shortage of complexity in investing) in simple language and terms.
