SMR Jewels Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 2.35x | 473,000 | 1,112,000 | ₹6 Cr |
| NII (HNI) | 0.06x | 1,892,000 | 106,000 | ₹26 Cr |
| Retail | 0.26x | 2,366,000 | 626,000 | ₹32 Cr |
| Market Maker | — | 249,000 | — | ₹3 Cr |
| Σ Total | 0.39x | 4,731,000 | 1,844,000 | ₹64 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹135,000 |
| Retail (Max) | 13 | 13,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,045,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 309 | 263 | 125 |
| EBITDA | 27 | 15 | 6 |
| Profit After Tax | 19 | 10 | 4 |
| Net Worth | 43 | 43 | 5 |
| Total Assets | 85 | 43 | 15 |
| Reserves & Surplus | 5 | 19 | 5 |
| Total Borrowing | 17 | 19 | 8 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding capital expenditure requirements towards Construction of Jewellery Studio – 6.40
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions – 6.50
- Funding long-term Working Capital Requirement – 30.00
- Funding expenditure for General Corporate Purposes. –
Company Overview
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.