SMR Jewels Ltd.
SMEIssue details
Price band
₹125 - ₹128
Lot size
1,000 shares
Issue size
₹64 Cr
Min. investment
₹1,28,000
Registrar
Purva Sharegistry (India)
Grey market premium
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IPO Timeline
Open
26 May
Close
3 Jun
Allotment
4 Jun
Listing
8 Jun
- Refunds & demat credit
- 5 Jun 2026
- Mandate end
- 18 Jun 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,000shares 1 lot · ₹1,28,000 | 1,000shares 1 lot · ₹1,28,000 |
| HNI | 2,000shares 2 lots · ₹2,56,000 | No limit funds permitting |
Based on the upper price band of ₹128 and a lot of 1,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹48 Cr
37,51,000 shares
Offer for sale
₹13 Cr
9,80,000 shares
Shares pre-issue
1,46,53,743
Shares post-issue
1,86,53,743
Reservation
- QIB
- 4,73,000
- NII
- 18,92,000
- Retail
- 23,66,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 7.11 | 13.26 |
| P/E | 18.01 | 9.65 |
| Market cap | ₹187.57 Cr. | ₹192.23 Cr |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 55.52% | 71.76% |
| ROCE | 50.18% | 47.92% |
| RoNW | 43.54% | 43.14% |
| PAT Margin | 6.01% | 3.96% |
| EBITDA Margin | 8.65% | 5.76% |
| NAV | 29.13 | 58.57 |
| Price to Book Value | 4.63 | 2.19 |
Financials
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 308.72 | 263.25 | 124.52 | 67.53 |
| Profit after tax | 18.56 | 10.41 | 3.85 | 0.91 |
| EBITDA | 26.71 | 15.17 | 6.14 | 1.96 |
| Net worth | 42.69 | 24.14 | 4.88 | 1.04 |
| Assets | 85.43 | 43.35 | 15.06 | 21.3 |
| Reserves & surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total borrowing | 16.54 | 8.57 | 7.65 | 6.33 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding capital expenditure requirements towards Construction of Jewellery Studio₹6.4 Cr
- 2.Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions₹6.5 Cr
- 3.Funding long-term Working Capital Requirement₹30 Cr
- 4.Funding expenditure for General Corporate Purposes.₹5.02 Cr
- 5.Offer expenses₹4.08 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Yaashvi Jewellers Ltd.SME | ₹83 | 5.6 | ₹87.05 | +4.88% |
| Grover Jewells Ltd.SME | ₹88 | 12.31 | ₹100.80 | +14.55% |
| Luxury Time Ltd.SME | ₹82 | 12.57 | ₹163.59 | +99.50% |
| Pushpa Jewellers Ltd.SME | ₹147 | 12.44 | ₹117.60 | -20.00% |
| AJC Jewel Manufacturers Ltd.SME | ₹95 | 12.73 | ₹95.39 | +0.41% |
| PNGS Reva Diamond Jewellery Ltd.Mainboard | ₹386 | 10.96 | ₹411.70 | +6.66% |
| Shringar House of Mangalsutra Ltd.Mainboard | ₹165 | 19.47 | ₹184.88 | +12.05% |
| BlueStone Jewellery & Lifestyle Ltd.Mainboard | ₹517 | null | ₹546.00 | +5.61% |
| Shanti Gold International Ltd.Mainboard | ₹199 | 19.24 | ₹229.38 | +15.27% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.