SMR Jewels IPO
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SMR Jewels IPO details
Schedule of SMR Jewels
| Issue open date | 26 May 2026 |
| Issue close date | 03 Jun 2026 |
| UPI mandate deadline | 03 Jun 2026 (5 PM) |
| Allotment finalization | 04 Jun 2026 |
| Refund initiation | 05 Jun 2026 |
| Share credit | 05 Jun 2026 |
| Listing date | 08 Jun 2026 |
| Mandate end date | 18 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 03 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 01 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of SMR Jewels
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 67.23 |
| Fresh Issue – Proceeds go to the company | 54 |
| Offer for sale – Proceeds go to the existing investors | 13.23 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Construction of Jewellery Studio | 6.4 (11.85%) |
| Repayment/prepayment of borrowings | 6.5 (12.04%) |
| Long-term working capital requirements | 30 (55.56%) |
| General corporate purposes | 11.1 (20.56%) |
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.
Allotment Status for SMR Jewels
To check your IPO allotment status:
- Visit the Purva Sharegistry India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for SMR Jewels
According to media reports (Link), SMR Jewels is seeing no premium in the grey market. Since GMP is an unreliable indicator, IPO subscription data from the exchanges offers a more accurate view of market demand.
Subscription numbers as of 05:00 PM on June 03, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 4.73 | 25.58 | 5.41x |
| NII | 21.41 | 21.50 | 1x |
| Retail | 23.66 | 7.04 | 0.30x |
| Total | 49.80 | 54.12 | 1.09x |