SMR Jewels
UPCOMINGIPO Date: 26 May - 29 May 2026
Listing Date: 3 Jun 2026
Price Range
₹128 to ₹135
Issue Size
67 Cr
Min Investment
₹1,28,000
Lot Size
1000 Shares
Schedule of SMR Jewels
Issue open date
26 May 2026
Issue close date
29 May 2026
UPI mandate deadline
29 May 2026 (5 PM)
Allotment finalization
1 Jun 2026
Share credit
2 Jun 2026
Listing date
3 Jun 2026
Mandate end date
13 Jun 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 67 Cr |
| Fresh Issue | 0.4 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 Jun 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 22 May 2026 | ₹135 | ₹0 | ₹135 (0%) |
Performance SMR Jewels
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹128 to ₹135 | .... | .... | .... |
About SMR Jewels
SMR Jewels Limited is a Gujarat-based jewellery company engaged in the design and distribution of designer heritage jewellery inspired by Indian culture, mythology, spirituality, and traditional craftsmanship. The company offers a diverse portfolio including Polki, Jadtar, Meenakari, bridal, festive, and nature-inspired jewellery collections. SMR Jewels follows a design-led and asset-light business model, supported by an in-house design team and a network of skilled artisans across India. The company primarily operates on a B2B model, supplying jewellery to retailers, jewellery chains, boutique stores, and other jewellery brands nationwide. It combines traditional artistry with modern styling to cater to evolving consumer preferences.
| Founded in | 2018 |
| Managing director | Ruta Hareshkumar Parikh |
| Parent organization |
Financial Overview
Strengths
- Strong focus on designer heritage jewellery with unique traditional and cultural themes.
- Asset-light business model reduces manufacturing capex requirements and improves scalability.
- Wide product portfolio including bridal, festive, Polki, Meenakari, and antique jewellery collections.
- Established network of artisans and B2B relationships with retailers and jewellery chains across India.
Risks
- High dependence on outsourced artisans and job workers for production and quality consistency.
- Jewellery business is highly sensitive to fluctuations in gold prices and consumer demand.
- Major dependence on the B2B segment may expose the company to customer concentration risks.
- Intense competition from organised jewellery brands and regional jewellery manufacturers.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |