SMR JEWELS LIMITED

26 May 2026 - 03 Jun 2026 Individual Category SME BSE

Min Investment

₹256000

Price Band

₹125-₹128

Issue Size

₹63.74 Cr

Lot Size

1000 (per lot)

IPO Dates
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26 May 2026

Open Date

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03 Jun 2026

Close Date

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01 Jun 2026

Allotment Date

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08 Jun 2026

Listing Date

Know Before Investing

Strengths icon

  • 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

Weaknesses icon

  • 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.

About Smr Jewels Limited

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.

IPO Objectives

1. Funding capital expenditure requirements towards Construction of Jewellery Studio.

2. Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks financial institutions.

3. Funding Long Term working capital requirement.

4. General Corporate Purposes.

Company Promoters

Dipikaben Virendra Soni

Drashti Pal Modi

Jainil Virendra Soni

Parul Manoj Soni

Vismay Manojkumar Soni

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 5.41
Non-Institutional Buyers 1
Retail Investors 0.3
Total 6.71
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