SMR Jewels Limited
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SMR Jewels Limited's successfully completed its Initial Public Offering and commenced trading on Jun 08, 2026 at the BSE exchange. The company raised 49,80,000 Shares through this public offering, comprising 40,00,000 Shares in fresh capital and ₹12.54 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹125 to ₹128, with minimum application lots of 1000 shares. The offering attracted significant investor interest during its subscription period from May 26, 2026 to Jun 03, 2026.
Share allotment was finalized on Jun 04, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2018, SMR Jewels Limited is involved in designing and distributing designer heritage jewellery. The company offers a wide range of jewellery, including nature-inspired designs based on flowers, leaves, animals, and seasonal themes, along with traditional collections such as Jadtar, Meenakari, Polki, bridal, and festive jewellery. These products are created to suit both traditional and modern customer preferences for weddings and special occasions. While the company handles jewellery concepts and designs internally, the manufacturing work is outsourced to experienced artisans and craftsmen. Its client base includes well-known jewellers like HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited. As of March 31, 2026, the company had 23 permanent employees along with support from a larger network of artisans and job workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Design-Focused Jewellery Portfolio : Offers heritage, bridal, and nature-inspired jewellery catering to diverse customer preferences.
- Asset-Light Business Model : Outsourced manufacturing reduces capital expenditure and operational burden.
- Established Relationships with Reputed Jewellers : Strong client network supports repeat business and market credibility.
- Dependence on Third-Party Artisans : Outsourced manufacturing may impact quality consistency and delivery timelines.
- Limited Operational Scale : Small workforce may restrict rapid expansion and scalability.
- Highly Competitive Jewellery Market : Faces competition from established jewellery brands and designers.
- Mr. Vismay Manojkumar Soni
- Mr. Jainil Virendra Soni
- Mrs. Parul Manoj Soni
- Mrs. Dipikaben Virendra Soni
- Mrs. Drashti Pal Modi
SMR Jewels Limited
Purva Sharegistry India Private Limited