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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹63.74 Cr |
| Reserved for Market Maker | ₹3.19 Cr |
| Net Issue Size | ₹63.74 Cr |
| Fresh Issue | ₹48.01 Cr |
| Offer for Sale | ₹12.54 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹125.00-128.00 per share |
| BSE Code | 544774 |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers | Wealth Mine Networks Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
Incorporated in 2018, SMR Jewels Limited is engaged in the designing and distribution of designer heritage jewellery, offering a range of intricately crafted pieces for weddings, festive occasions, and traditional wear.
The company’s jewellery portfolio includes heritage collections along with nature-inspired designs influenced by flowers, leaves, vines, animals, and seasonal elements. It also offers traditional jewellery styles such as Jadtar, Meenakari, Polki, as well as bridal and festive collections, catering to a wide range of customer preferences from classic to contemporary aesthetics.
SMR Jewels follows an asset-light business model and does not operate its own manufacturing facility. The production process is outsourced to a network of skilled artisans and craftsmen, while product conceptualization, design development, and collection planning are handled internally by the company.
The company serves a reputed customer base of jewellers across India, including HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.
As of June 30, 2025, SMR Jewels Limited had 20 permanent employees, supported by an extended network of artisans and job workers involved in jewellery production.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards Construction of Jewellery Studio | 6.40 |
| 2 | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions | 6.50 |
| 3 | Funding long-term Working Capital Requirement | 30.00 |
| 4 | Funding expenditure for General Corporate Purposes. | 5.02 |
| 5 | Offer expenses | 4.08 |
| Total | 52.00 |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.43 | 43.35 | 15.06 | 21.30 |
| 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 |
| Reserves and Surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total Borrowing | 16.54 | 8.57 | 7.65 | 6.33 |
| Amount in ₹ Crore | ||||
| 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% |
| Price to Book Value | 4.63 | 2.19 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.11 | 13.26 |
| P/E (x) | 18.01 | 9.65 |
| Promoter Holding | 90.37% | 65.74% |
| Market Cap | ₹238.77 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | 2.65 |
| 2 | Fees Payable to Registrar to the Offer | 0.07 |
| 3 | Fees Payable to Legal Advisor | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.11 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.10 |
| 6 | Fees payable to Peer Review Auditor | 0.30 |
| 7 | Fees Payable to Market Maker | 0.03 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees and miscellaneous expenses.) | 0.80 |
| Total | 4.08 |
Last Updated on 04-Jul-2026 18:10:13
