SMR Jewels
LISTEDIPO Date: 26 May - 29 May 2026
Listing Date: 3 Jun 2026
Price Range
₹128 to ₹135
Issue Size
67 Cr
Min Investment
₹2,56,000
2 lots minimum (SEBI rule for SME)
Min Application
2000 Shares
1000 per lot × 2
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 Premium
NewGrey 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 | Est. Listing Price |
|---|---|---|---|
| 3 Jun 2026Latest | ₹135 | ₹0 | ₹135(0%) |
| 2 Jun 2026 | ₹135 | ₹0 | ₹135(0%) |
| 1 Jun 2026 | ₹135 | ₹0 | ₹135(0%) |
| 30 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 29 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 28 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 27 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 26 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 25 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 23 May 2026 | ₹135 | ₹0 | ₹135(0%) |
| 22 May 2026 | ₹135 | ₹0 | ₹135(0%) |
Performance SMR Jewels
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹128 to ₹135 | .... | ₹ 95 | -29.63% |
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
4- 1
Strong focus on designer heritage jewellery with unique traditional and cultural themes.
- 2
Asset-light business model reduces manufacturing capex requirements and improves scalability.
- 3
Wide product portfolio including bridal, festive, Polki, Meenakari, and antique jewellery collections.
- 4
Established network of artisans and B2B relationships with retailers and jewellery chains across India.
Risks
4- 1
High dependence on outsourced artisans and job workers for production and quality consistency.
- 2
Jewellery business is highly sensitive to fluctuations in gold prices and consumer demand.
- 3
Major dependence on the B2B segment may expose the company to customer concentration risks.
- 4
Intense competition from organised jewellery brands and regional jewellery manufacturers.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 2.35 |
| Non-Institutional Investors (NIIs) | 0.5 |
| Retail Individual Investors (RIIs) | 0.15 |
| Employee | N/A |
| Total | 0.33 |